8 Bed HMO, Hull, HU6 7LL, £240,000

Beverley Road, Hull, HU6 7LL - 2 views - 6 days ago

Sold STC
HMO
ROI: 16%
~248 m²
+5 photos

ValuationUndervalued

Sold Prices£81K - £595K
Sold Prices/m²£938/m² - £3.1K/m²

 

 

Square Metres

~248 m²
Price/m²£968/m²

Value Estimate

£288,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Room Rate

£401

Gross Rent

£3,208

Running Costs/mo

£2,231

Cashflow/mo

£977

Cashflow/yr

£11,727

ROI

16%

Gross Yield

16%

Local Sold Prices

47 sold prices from £81K to £595K, average is £225K. £938/m² to £3.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£226K09/220.06 mi4, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£280K02/230.08 mi42, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£250K09/210.08 mi26, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£180K04/210.14 mi83, Desmond Avenue, Hull, Humberside HU6 7JX4
£318.2K03/230.16 mi42, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA4
£170K04/210.17 mi646, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH4
£177.5K03/210.17 mi1, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR4
£301K09/220.18 mi3, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD4
£81K10/200.18 mi37, Blaydes Street, Hull, City Of Kingston Upon Hull HU6 7RE4
£315K07/230.24 mi22, St Anthonys Close, Hull, City Of Kingston Upon Hull HU6 7FE4
£395.5K02/230.29 mi701, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN4
£340K04/230.29 mi722, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JG4
£128K12/200.34 mi41, Walgrave Street, Hull, City Of Kingston Upon Hull HU5 2LT4
£123K09/210.42 mi51, Ventnor Street, Hull, Humberside HU5 2LR4
£83.5K12/200.43 mi89, Worthing Street, Hull, Humberside HU5 1PP4
£205K04/210.43 mi752, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7EX4
£135K01/210.45 mi24, Houston Drive, Hull, City Of Kingston Upon Hull HU5 1NJ4
£300K12/220.47 mi136, Cottingham Road, Hull, City Of Kingston Upon Hull HU6 7RY4
£255K04/230.54 mi4, The Rydales, Hull, City Of Kingston Upon Hull HU5 1QD4
£435.5K08/220.54 mi19, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£500K03/230.54 mi41, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£595K09/220.54 mi15, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£125K05/230.54 mi101, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP4
£145K10/200.6 mi25, Strathmore Avenue, Hull, City Of Kingston Upon Hull HU6 7HJ4
£135K10/210.68 mi25, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£120K11/220.68 mi1, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£135K04/230.68 mi12, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K06/210.68 mi43, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K05/210.68 mi5, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£127.5K02/230.71 mi45, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£400K01/210.71 mi88, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£430K03/230.71 mi74, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£295K05/230.78 mi49, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EG4
£255K08/210.8 mi2, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EQ4
£126K10/210.81 mi106, Needlers Way, Hull, City Of Kingston Upon Hull HU5 1DD4
£245K10/200.9 mi39, Riverview Gardens, Hull, City Of Kingston Upon Hull HU7 6DZ4
£299K12/200.91 mi223, Cottingham Road, Hull, City Of Kingston Upon Hull HU5 4AU4
£160K11/200.91 mi3, Salix Court, Hull, City Of Kingston Upon Hull HU7 4WJ4
£250K09/210.92 mi83, Salisbury Street, Hull, City Of Kingston Upon Hull HU5 3DU4
£172K11/200.93 mi187, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2BX4
£269K05/220.95 mi43, Oxenhope Road, Hull, City Of Kingston Upon Hull HU6 7BZ4
£170K06/210.95 mi35, Oxenhope Road, Hull, Humberside HU6 7BZ4
£312.5K06/230.95 mi68, Oxenhope Road, Hull, City Of Kingston Upon Hull HU6 7BZ4
£195K07/210.98 mi12, Emmott Road, Hull, City Of Kingston Upon Hull HU6 7AX4
£184K11/220.98 mi1, Emmott Road, Hull, City Of Kingston Upon Hull HU6 7AX4
£225K10/210.99 mi2, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£245K04/230.99 mi16, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

1.97 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £240,000

March 24, 2025

Floor Plans

Description

  • Income 2024/25: £38,500.00 +
  • Gross Yield 2024/25: 16.04% +
  • Distance to Hull University: 0.5 mile +
  • Let to students +
  • Documented use as a HMO - subject to fees +

Exceptionally large property with spacious bedrooms throughout, 2 bathrooms, a WC, a huge modern kitchen with plenty of amenities and off street parking.
The property has documented historic use as a HMO having been let to students for 10+ years.
Currently let to 7 tenants achieving £38,500.00 annual income, this property is a ready-made investment opportunity.

ENQUIRIES

For all enquiries, viewing requests or to create your own listing please visit the Emoov website.

If calling, please quote reference: S3418

Agent Details

Emoov, Chelmsford

01702 967858

Next Steps?

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