- Reservation Fee Applicable – T&C’s Apply +
- Fees, Exclusivity & Disclaimer +
- Established 4-Bedroom HMO with Rental History Since 2013 +
- Fully Let Income of £19,920 Per Annum +
- Approx. 13.3% Gross Yield +
- Popular Location Just Off Newland Avenue +
- Close to Hull University and Local Amenities +
- Ideal Investment Opportunity +
- Proven Track Record of Occupancy +
- Excellent Transport Links Nearby +
Guide Price £140,000 - £150,000 plus Reservation Fee
This established four-bedroom HMO represents an excellent investment opportunity, ideally situated just off the ever-popular Newland Avenue. With a proven rental history dating back to 2013, this property has consistently provided strong returns and remains highly appealing to students and young professionals alike.
Fully let, the property generates an annual income of £19,920, delivering an impressive gross yield of approximately 13.3%. This makes it a fantastic choice for investors seeking a solid, income-producing addition to their portfolio.
The accommodation briefly comprises four well-proportioned bedrooms, a communal lounge, fitted kitchen, and shared bathroom facilities. Externally, there is a small rear yard providing low-maintenance outdoor space. The property benefits from its prime location, just moments away from Hull University and the vibrant amenities of Newland Avenue, including popular coffee bars, restaurants, and independent shops. Excellent transport links provide easy access to Hull city centre and surrounding areas.
This is a rare opportunity to acquire a well-established, high-yielding HMO in a sought-after location with a proven track record of occupancy and return.
Key Features
• Established 4-Bedroom HMO with Rental History Since 2013
• Fully Let Income of £19,920 Per Annum
• Approx. 13.3% Gross Yield
• Popular Location Just Off Newland Avenue
• Close to Hull University and Local Amenities
• Ideal Investment Opportunity
• Proven Track Record of Occupancy
• Excellent Transport Links Nearby
Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.
Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, such as:
• The seller withdrawing from the sale
• A chain collapsing beyond the Buyer’s control
• Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.
Exclusivity:
Upon payment of the Reservation Fee, Rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.
Buying Process:
1. Register your interest
2. Prepare your finances
3. Arrange a viewing
4. Make an offer
5. Secure the sale via our secure system
6. Exchange and complete
Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase. Buyers must verify their ID and provide proof of funds as part of our compliance process.
Rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.
While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.
Stamp Duty (SDLT):
Not all property purchases are subject to SDLT. Liability depends on factors such as purchase price and buyer’s position. Buyers should seek advice from a solicitor or tax adviser to confirm whether SDLT applies to their purchase and how much they would have to pay.
Rezee’s Approach:
Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.
Would you like me to include details of current tenancy types (students or professionals) and any furniture or licenses (HMO certificate, fire safety, etc.) in the listing as well? It can help make the description more complete for Rightmove and Zoopla.