>
5 bedroom house of multiple occupation for sale
Clough Road, Hull, HU5
£155,000
Clough Road, Hull, HU5
£155,000
Our Summary
- 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
- The rent excludes utility bills and maintenance, representing an excellent investment opportunity being more passive and with a more consistent cashflow than a standard (student or professional) let HMO
Description
This five-bedroom, two-bathroom HMO property on Clough Road is a fantastic investment opportunity, located near the University and popular with students and young professionals. The property has been refurbished and features a modern open-plan kitchen, a spacious lounge with a feature bay window, and four well-proportioned double bedrooms on the first floor. The property has a company let agreement in place until 2027, with the rent excluding utilities and maintenance, providing a more passive and consistent cashflow. The property meets current fire regulation requirements and has a Grade D mains interlinked fire alarm system installed. The location is popular and has a strong demand for HMOs, making it an excellent investment opportunity.