Marlborough Avenue, Hull, HU5
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- BATHROOMS
2
- SIZE
173 sq ft
16 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity
- 6 Bedroom, 2 Bathroom Mid-Terraced Property
- Gross Yield 10% / 12.8%
- Highly Sought after Location - 'The Avenues'
- Company Let With Supported Living Provider until August 2024
- RENT: £2,080pcm
- POTENTIAL RENTt : £2,666pcm
- Furnished
Description
A fantastic opportunity to acquire a six bedroom, two bathroom HMO. The property is located on an extremely sought after street in 'The Avenues' conservation area. Marlborough Avenue is a beautiful tree lined street located just off Princes Avenue and a short stroll from Pearson Park. Princes Avenue offers vibrant day and evening scenes with independent shops, bars and restaurants, while Pearson Park attracts local residents with its restored Victorian Conservatory, pond and outdoor gym. The property is just over a 1.5 miles away from the University and is well placed to operate as either a professional or student HMO.
There is currently a company let in place with a supported living provider which will end in August 2024. The supported living provider is responsible for the utilities and property maintenance.
45 Marlborough Avenue not only offers excellent returns but the location also experiences some of the best property price growth rates in Hull. In addition high specification refurbished homes on the street are selling at much higher prices and as such there is significant potential to add value.
The buyer will purchase the property with furnishings included (sold as seen).
The property is a traditional mid-terrace house, built in yellow brick with contrasting dark windows and doors, it's striking appearance provides that all important curb appeal. With on street parking available to the front of the property.
Double doors provide access to an enclosed porch which leads to a bright and spacious entrance hallway. At the front of the property there is a large living room, complimented by high ceilings, feature coving and a bay window allowing lots of natural light to flood the room. The second reception room has been converted to a bedroom with basin. To the rear of the property there is a large kitchen, utility area within the rear hall and bathroom off. The modern kitchen benefits from an island, ideal for dining, entertaining and socialising.
To the first floor of the property there are five further double bedrooms, three of which benefit from basins, a second bathroom and a separate WC.
The internal accommodation extends to approximately 173m2. Externally the plot extends to 0.061 acres. There is a practical enclosed yard which has been paved for reduced maintenance.
The property is heated via an 'Ideal' gas combi-boiler, benefits from UPVC double glazing and has an interlinked fire detection system.
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. This property was converted prior to the implementation of the A4 and the seller can provide supporting evidence.
The current owner holds an HMO licence for the property and has confirmed that the property met with all of the conditions of the licence. Please note that while a HMO licence is valid for 5 years, they are not transferrable and follow the person not the property - a new licence is required upon transfer of ownership.
To receive a copy of the comprehensive brochure please register on our buyers database - visit our website to complete the buyers registration form.
Buyers premium of £7,500 + VAT - payable in two parts:
- A non-refundable reservation fee of £1,500 plus VAT or 25% plus VAT (whichever is higher)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Marlborough Avenue, Hull, HU5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hull Station1.1 miles
- Cottingham Station2.5 miles
- New Holland Station3.7 miles
About the agent
REALM 47 Property Brokerage are Investment Specialists, with over 20 years of experience in the property industry we are here to assist investor buyers with the acquisition process or sellers throughout the sale process; acting for either party as buying agent or selling agent.
We handle a vast range of properties from existing investment properties and those with plans for development through to the less obvious properties such as those that are currently used as family homes bu
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 45MarlboroughAvenue. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Realm 47, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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