This three-story terraced property on Peel Street, Hull, is a prime investment opportunity with a fully tenanted 7-bedroom HMO. The property features two bathrooms, a communal kitchen, and a shared living area, providing practical, comfortable accommodation for tenants.
Draft license in place (non-transferable)
Awaiting a final council inspection
Mix of professionals and students
Current monthly rental income per room:
Room 1: £369
Room 2: £355
Room 3: £347
Room 4: £350
Room 5: £390
Room 6: £340
Room 7: £477
Total monthly income: £2,627
Gross yield: 17% (based on £185,000 asking price)
TV Licence. £14.95
Octopus Energy £400.00
Council Tax £121.00
Internet £41.50
Yorkshire Water £26.00
Located close to local amenities and transport links, this property offers immediate rental income and a low-maintenance investment opportunity.
Key Features:
7-bedroom HMO with tenants in situ
Three-story terraced property
Communal kitchen and living area
Two bathrooms
Monthly rental income: £2,627
Approx. 17% gross yield
Ideal for investors
EPC - D
Council Tax Band: A (East Riding Council Tax)
Tenure: Freehold