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4 bedroom house of multiple occupation for sale
Walgrave Street, Hull, East Riding Of Yorkshire, HU5
£145,000
Walgrave Street, Hull, East Riding Of Yorkshire, HU5
£145,000
Our Summary
- This 4-bedroom traditional mid-terrace property, offering 686 square feet of space, presents an excellent UK HMO investment opportunity
- The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong
- With its combination of modern features, safety compliance, and ideal layout, this property is an attractive East Yorkshire investment opportunity in a sought-after rental market
- Whether you're adding to an existing portfolio or starting new, this property offers consistent potential for rental income and future capital growth
Description
This 4-bedroom traditional mid-terrace property in Hull offers a strong UK HMO investment opportunity. The property has been renovated to provide spacious and versatile accommodation, appealing to a wide range of tenants, particularly students due to its proximity to Hull University. With a projected cashflow of £601.44 per month and ROI of 13.6%, this property presents a very strong investment proposition. The property features modern dark wood-effect cupboards, an off-white sparkle effect countertop, and a combi-boiler, as well as a garden and double glazing throughout. The property has been converted prior to the implementation of the Article 4 direction, and the seller can provide supporting evidence. With its consistent potential for rental income and future capital growth, this property is an attractive East Yorkshire investment opportunity in a sought-after rental market.