Worthing Street, Hull, HU5

We believe this property works best at 75% or less based on an interest rate of 5%.

A four bedroom property in great condition located just off Beverley Road. The property benefits from a recently refurbished kitchen and bathroom - making it a more consistently performing asset.

The property is fully let as an HMO to students on a room by room basis at present. Being sold as a going concern, the buyer will purchase this ready made investment complete with tenants and furnishings (sold as seen).

Accommodation comprises modern refitted fully equipped kitchen and characterful living space featuring an exposed brick wall, ideal for entertaining. There are four well proportioned double bedrooms with desk areas, ideal for supporting students with their studies. The property has a modern refurbished shower rooms fitted with a shower cubicle with mains shower mixer, basin vanity unit, a mirrored wall unit for storage and a chrome heated towel rail.

The property has been thoughtfully refurbished throughout to a high standard including dark oak effect herringbone flooring through the communal areas and kitchen.

The property is heated via an 'Ideal' gas combi-boiler, benefits from being fully UPVC double glazed and has a Grade D interlinked fire detection system.

Externally the plot is of a good size with boundered forecourt to the front, patio area and lawned area to the rear and shared access to the side by means of pedestrian gated alleyway.

The property is a very short walk from Beverley Road, Cottingham Road and Newland Avenue, which offer a range of amenities including, numerous highly rated cafes and restaurants; independent shops, Banks, supermarkets and a post office. It is also within short walking distance of the University of Hull which is ideal for the student tenant demographic.

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.

As the HMO has under 5 occupants no HMO Licence is required at present. Being an HMO the property has been installed with a Grade D - mains interlinked fire detection system with battery back up. Thumb turn locks on exit doors and amenity standards sufficient for the number of occupiers.

To register on our buyers database, visit our website to complete the buyers registration form.

Buyers premium of £4,860 inc VAT is payable upon completion. Non refundable reservation fee of £1,500 plus VAT which is deducted from the buyers premium is due upon sale agreed.