May Street, Hull, HU5
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
2
- SIZE
Ask agent
- 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
- Reservation Fee Apllicable
- T&Cs Apply
- Turnkey Investment: Hassle-free addition to your portfolio, offering a secure and lucrative opportunity.
- Stable occupancy and income.
- Licensed HMO: Valid House in Multiple Occupation license in place for regulatory compliance.
- Longstanding Rental History: Proven track record dating back to 2011, showcasing consistent rental success.
- Robust Rental Income: Generates an annual rent of £22,000, offering a substantial and reliable income.
- Impressive Gross Yield: Boasts an impressive gross yield of nearly 15% before bills, indicating strong financial performance.
- Spacious Living: Five well-proportioned bedrooms provide comfortable accommodation for tenants.
- Strategic Location: Conveniently situated with easy access to amenities, public transport, and local services.
Description
***Guide Price £150,000 plus Reservation Fee***
Introducing a lucrative investment opportunity! This well-appointed 5-bed House in Multiple Occupation (HMO) comes with a valid license and an impressive rental history dating back to 2011, solidifying its status and usage.
Key Features:
HMO License in Place: Compliance is key, and this property boasts a valid HMO license, ensuring adherence to regulatory standards.
Proven Rental Success: With rental history dating back to 2011, this property has delivered reliable returns.
Substantial Rental Income: Generating an annual rent of approximately £22,000, this HMO property commands a substantial income stream.
Exceptional Gross Yield: Achieving an impressive gross yield of nearly approximately 15% before bills, this investment stands out for its financial performance.
Spacious Accommodation: The property offers five well-proportioned bedrooms, providing comfortable living spaces for tenants.
Strategic Location: Ideally situated for tenant appeal, with convenient access to amenities, public transport, and local services.
Turnkey Investment: An investor's dream, with a reliable income stream and all the necessary licensing in place, making it a hassle-free addition to your portfolio.
Seize the opportunity to add this high-performing HMO property to your investment portfolio. Whether you're a seasoned investor or exploring your first venture, the combination of a proven track record and impressive financial metrics makes this property a standout choice. Schedule a viewing to unlock the full potential of this lucrative investment.
Disclaimer
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price & deemed a part of the chargeable consideration when calculating Stamp Duty for the property.
The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
Rezee offer additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third party services.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Have you heard of the new Rezee way of selling your property? We offer a FREE service to sellers with fixed 60 day completion timelines. Call to find out more info.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
May Street, Hull, HU5
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Visit our security centre to find out moreDisclaimer - Property reference S876372. 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 Rezee, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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