- Reservation Fee Applicable – T&C’s Apply +
- Gross yield approx. 18.18% +
- Fully licensed 5-bedroom HMO +
- Certificate of Lawful Use in place (Article 4 compliant) +
- Fully let with annual rental income of £27,270 +
- Located on Beverley Road, a popular student and professional area +
- Walking distance to Hull University, shops, bars, and amenities +
- Excellent transport links into Hull city centre +
- Turnkey investment with strong rental history +
- Book Your Viewing Today! +
*Guide Price £150,000 - £160,000 plus Reservation Fee*
Exceptional Yield on this 5-Bedroom Licensed HMO – Fully Let!
A fantastic opportunity to acquire a fully licensed 5-bedroom HMO located on the ever-popular Beverley Road, within easy reach of Hull University. The property benefits from a Certificate of Lawful Use, making it compliant with local planning regulations in this Article 4 area.
Currently fully let at the time of listing, this well-maintained property generates a gross annual rental income of £27,270, offering an attractive gross yield of approximately 18.18%. The accommodation is suitable for both students and young professionals, thanks to its prime location and excellent access to local amenities.
The property features five good-sized bedrooms, shared living and kitchen facilities, and complies fully with HMO licensing standards. With ongoing demand for quality rental properties in this area, this is a turnkey investment offering immediate income and long-term potential.
Fees:
Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.
The Reservation Fee can be refunded under certain circumstances;
i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office
Exclusivity:
Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 60 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.
Process:
Our process:
1. Register your interest
2. Prepare your finances for the purchase
3. Arrange a viewing
4. Make an offer
5. Secure your sale using our secure system
6. Exchange and complete
The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
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