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5 bedroom house of multiple occupation for sale
Ryde Street, Hull, East Riding Of Yorkshire, HU5
£155,000
Our Summary
- This charming 5-bedroom terraced house has a footprint of 853 square feet and offers excellent investment potential, blending contemporary design with spacious living areas and abundant natural light
- Situated in a sought-after area, this property is perfect for investors seeking a modern, HMO with the potential for healthy rental yields
- The combination of large rooms, natural light, and spacious low-maintenance outdoor space combined with the property location, makes this property highly desirable for tenants and an excellent investment opportunity for buyers
- 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
- This property presents an excellent investment opportunity for property investors seeking to acquire an HMO in East Yorkshire
- Located on Ryde Street, it's perfect for expanding an existing portfolio or starting a new one, offering consistent potential for strong rental returns
- Fantastic HMO Investment Opportunity
Description
This charming 5-bedroom terraced house in East Yorkshire offers excellent investment potential, blending contemporary design with spacious living areas and abundant natural light. The property, which meets current fire regulation requirements, features a modern kitchen, separate dryer, and a generous outdoor space. The upstairs area is divided into two sections, with four large bedrooms, two bathrooms, and a WC. The property has been converted into a HMO and presents a strong investment opportunity, with a projected cashflow of £500.63 per month and a ROI of 10.6% based on a 75% LTV mortgage at 5%. With its desirable location and potential for healthy rental yields, this property is perfect for investors seeking a modern, HMO with a strong investment proposition.