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7 bedroom terraced house for sale
De Grey Street, Hull HU5
£300,000
De Grey Street, Hull HU5
£300,000
Our Summary
- Current rentals - £43,140 per annumCertificate of lawful use - Granted Sui Generis Use - Ref 21/00042/LAWThis fully licensed 7-bedroom HMO presents a fantastic turnkey investment opportunity in the HU5 area of Hull
- With rising rental demand in the area, there is also potential to increase rents further
Description
This 7-bedroom HMO investment property in Hull's HU5 area is a fantastic turnkey opportunity, generating £43,140 per annum with strong occupancy rates. The property is fully licensed and features 7 well-sized bedrooms, 5 en-suites, and a shared bathroom, as well as a modern kitchen/diner and communal lounge. With compliant fire safety measures, gas/electrical certifications, and an EPC rating of C, this property is an ideal, low-maintenance investment for buyers seeking consistent returns in a high-demand rental location. The property is located near Hull University, attracting reliable professional and student tenants, and with rising rental demand in the area, there is potential to increase rents further. The current tenancy agreements expire at various dates between 2022 and 2026, providing a steady income stream for the new owner.