Walgrave Street, Hull, East Riding Of Yorkshire, HU5

We believe this investment property works best with a mortgage at 75% LTV or less based on a mortgage interest rate of 5%.

This 4-bedroom traditional mid-terrace property, offering 686 square feet of space, presents an excellent UK HMO investment opportunity. It is located on a residential street just off Newland Avenue - a popular hub for all Hull residents but especially students being so close to the University and amenities.

Based on 75% LTV with a 5% interest rate and taking buying costs into account (including the buyers fee) the projected cashflow of £601.44 per month and ROI of 13.5% present a very strong investment proposition.

The property's spacious and versatile accommodation will appeal to a wide range of tenants, though it has historically been let to students. The bedrooms all offer dedicated workspaces, while the open-plan living and kitchen area provides an ideal setting for housemates to socialise and make the most of their time at Hull University.

The ground-floor bedroom is spacious and benefits from plenty of natural light, courtesy of vertical blinds on the bay window. It is fully furnished with a double bed, wall shelves, desk and chair, a mirror, and a wardrobe - making it an ideal space for tenants seeking comfort and practicality.

The open-plan living room and kitchen are neutrally decorated, creating a versatile space that appeals to a wide range of tenants. The living area includes a coffee table, two sofas, and a wall-mounted TV, all set on a carpeted floor. There is also handy storage space under the stairs.

The kitchen, with modern dark wood-effect cupboards and an off-white sparkle effect countertop, is both functional and attractive. It features an integrated 50/50 fridge, a single oven with electric hob, and a freestanding washing machine. The breakfast bar with two stools provides an additional casual dining area, while white wooden venetian blinds and laminate effect flooring add to the overall appeal.

The property complies with current fire safety regulations, including a fire alarm system and a fire blanket in the kitchen.

Beyond the kitchen, a hallway with a large mirror leads to two downstairs WC and shower wet-rooms. Both are finished with white roller blinds and white marble effect wall panels.

The combi-boiler can be located at the back of the property in front of the double doors that lead you outside to the garden.

The L-shaped garden at the rear of the property offers 0.032 acres of outdoor space, split between grass and paving. It is enclosed with fencing and hedging, ensuring privacy. There is a shared alleyway providing access also to the neighbouring property for bins and garden entry.

The property benefits from double glazing throughout, ensuring improved energy efficiency and a quieter, more comfortable living environment.

Upstairs, all three bedrooms are carpeted and offer ample space for double beds, desks, chairs, wall-mounted shelves, a long mirror, and a wardrobe. The predominantly neutral decor and vertical blinds create a modern, appealing space for tenants.

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.

With its combination of modern features, safety compliance, and ideal layout, this property is an attractive East Yorkshire investment opportunity in a sought-after rental market.

Whether you're adding to an existing portfolio or starting new, this property offers consistent potential for rental income and future capital growth.

To receive a copy of the comprehensive brochure please register on our buyers database - visit the REALM 47 website to complete the buyers registration form.

Buyers premium of 3% + VAT is payable in two parts:
- A non-refundable reservation fee of 25% plus VAT or £1,500 plus VAT (whichever is greater)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)