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5 bedroom terraced house for sale
Beresford Avenue, Beverley Road, Hull
£195,000
Beresford 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 investment property is a five-bedroom house in multiple occupation (HMO) that is perfect for savvy investors seeking a well-established and lucrative rental opportunity. The property boasts two bathrooms, a spacious reception room, and is situated in a prime location that is highly attractive to student tenants. Although it is currently partially let, it has previously generated a gross income of £25,000 per annum when fully occupied. The property requires some remedial work, including works to satisfy licence conditions, which can be completed by MyPad's sister company My Repair at a cost of approximately £5,000. Despite needing some TLC, this property offers an excellent investment opportunity at a price below the market average.