Vermont Street, Hull, HU5
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
5
- BATHROOMS
2
- SIZE
1,367 sq ft
127 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
- 5 Bedroom, 2 Bathroom Mid-Terraced Property
- Gross Yield 11.6% (Exc. utility bills)
- Within Close Proximity to the University
- Furnished & Tenanted
- RENT: £1,883.33pcm (Exc utility bills)
- PROJECTED ROI: 16%
- PROJECTED CASHFLOW: £59.63pcm
Description
A fantastic newly refurbished HMO, the five bedroom, two bathroom house is located just off of Beverley Road. Beverley Road is a popular location for both students and working professionals due to the range of amenities available, including cafes, restaurants and supermarkets.
The property's spacious and versatile accommodation will appeal to any demographic of tenant but it has historically been let to students and has been designed with students in mind. With the spacious rooms offering dedicated work spaces, a fully equipped modern kitchen living and dining space. Which is not only ideal for its primary purpose but also for housemates to socialise and get the most out of their time as students at Hull University.
The property is fully double glazed, including the front and back door and is heated by a gas 'Ideal' combi-boiler which has a remote heating control.
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.
The property meets with current fire regulation requirements having a Grade D mains interlinked fire alarm system installed, fire doors throughout and a fire blanket in the kitchen.
Being located just off Beverley Road and in close proximity of Princes Avenue and Newland Avenue, the property has a host of local amenities on hand, including numerous highly rated cafes and restaurants; independent shops, Lloyds Bank, Tesco, Sainsburys and a post office.
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.
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 £5,850 + VAT - payable in two parts:
- A non-refundable reservation fee of £1,500 +VAT or 25% +VAT (whichever is greater)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)
- 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
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Back garden,Rear garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Vermont Street, Hull, HU5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hull Station1.6 miles
- Cottingham Station2.4 miles
- New Holland Station4.5 miles
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 5VermontStreet. 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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