5 bedroom house share for sale

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5 bedroom house share for sale

Wellesley Avenue, Beverley Road, Hull
£195,000

Our Summary

  • Offered at a price below the market average, this property represents an excellent investment opportunity
  • NOTE: Property is currently vacant and does require some remedial work, including works to satisfy licence conditions, and these works can be completed by MyPad's sister building company My Repair

Description

This property is a five-bedroom house in multiple occupation (HMO) that is ideal for smart investors seeking a well-established and lucrative rental opportunity. The property features two bathrooms and a welcoming reception room, making it perfect for relaxation and social gatherings. Its prime location is particularly attractive to student tenants, and the property has previously achieved an average gross income of £25,000 per annum. Although the property is currently vacant and requires some remedial work, including works to satisfy licence conditions, the cost of these works is estimated to be around £5,000 and can be completed by a sister company. With a price below the market average, this property represents an excellent investment opportunity for those looking to capitalize on its potential.