4 bedroom house of multiple occupation for sale

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4 bedroom house of multiple occupation for sale

Cromer Street, Hull, HU5
£135,000

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

Description

Cromer Street is a charming four-bedroom, one-bathroom house located on a residential street just off Beverley Road, a popular hub for students and residents alike. The property has been immaculately presented and offers a strong investment proposition with a projected cashflow of £631.99 per month and ROI of 15.7%. The spacious and versatile accommodation is ideal for students or working professionals, with four bright and airy bedrooms, a fully equipped modern kitchen, and a separate living room. The property has been designed with students in mind, with dedicated work spaces in each bedroom. The property is fully double glazed, has a modern bathroom, and is heated by an Ideal gas boiler. The property is located within walking distance of the University of Hull, Princes Avenue, Newland Avenue, and Beverley Road, which offer a range of amenities including cafes, restaurants, shops, and a post office. The property is also situated in an Article 4 area, which prevents the conversion of C3 residential dwellings to C4 HMOs without planning permission, making it a rare and valuable investment opportunity.
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