6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Park Grove, Hull, HU5
£240,000

Our Summary

  • The property also offers the potential to increase the bedroom numbers by up to 3 additional rooms, subject to the necessary Sui Generis planning permission being granted
  • 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

This stunning 6-bedroom houseshare is situated on Park Grove, just a short walk from Princes Avenue and its various amenities. The property boasts a large front forecourt and rear garden, spread over three floors, and features six double bedrooms, three with en-suites, a communal shower room, and a separate WC. With a strong investment proposition, offering a projected cash flow of £669.08 per month and a return on investment of 10.7%, this property is an attractive option for investors. The property also has potential to increase its bedroom numbers by up to three additional rooms, subject to necessary planning permission. The interior features a mix of modern and period decor, with high ceilings, feature light fittings, and original wooden front door with stained glass surround. The property also has a large kitchen diner, utility room, and a contemporary shower room. The rear garden is a great space for socializing and offers ample storage. With a HMO licence in place and meeting current fire regulation requirements, this property is an excellent opportunity for investors looking for a strong return on investment.
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