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Sculcoates Lane, Hull, HU5 4 bed terraced house for sale
Sculcoates Lane, Hull, HU5
£140,000
Sculcoates Lane, Hull, HU5
£140,000
Our Summary
- 7%, this property provides both reliable income and further scope to increase rents and capital value with light modernisation
Description
This fully-let 4-bedroom HMO property in Hull is a lucrative investment opportunity, generating £1,715 per month and offering a gross yield of 14.7%. The property is well-presented and has a proven track record of attracting reliable tenants, thanks to its prime location near Beverley Road and excellent transport links. The layout is ideal for shared living, with a bright double bedroom, communal shower room, shared living area, and utility room on the ground floor. The first floor features a spacious double bedroom and kitchen diner, while the top floor has a double bedroom with en-suite shower room, a single bedroom, and a bathroom. The property has been recently updated with new carpets and a new boiler, and is situated in a hotspot for professionals and mature students. With its strong rental income and potential for further growth, this property is an attractive investment opportunity for those looking to generate reliable returns.