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6 bed terraced house
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Our Summary
- ***Guide Price £200,000 - £220,000 plus Reservation Fee*** Investment Opportunity – Licensed Six Bedroom HMO Generating Approx
- £31,000 Gross Annual Rent An exceptional investment opportunity offering an impressive return, this licensed six-bedroom HMO enjoys a strong rental history and produces approximately £31,000 gross annual rent, providing an attractive gross yield of around 15
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Description
This licensed six-bedroom HMO in Hull is an exceptional investment opportunity, generating approximately £31,000 gross annual rent and offering a gross yield of around 15.5% based on a purchase price of £200,000. The property has an established use pre-dating Article 4 planning restrictions, with evidence available from the seller, and is currently licensed for six occupants. With three bathrooms and a large open-plan kitchen and living area, the property provides ample shared space and a well-balanced layout ideal for student or professional tenants.
Located off Newland Avenue, one of Hull's most sought-after areas for rental investment, the property is within easy reach of Hull University and a wide range of shops, bars, cafes, and transport links, making it a consistent performer in the buy-to-let market.