The Beeches, Sidmouth Street, Hull, East Riding Of Yorkshire, HU5

A fantastic opportunity for property investors to acquire a well-laid-out 3-bedroom HMO property offering generous space, excellent tenant appeal, and clear scope to increase value through refurbishment. This is a solid investment with strong fundamentals - ideal for those looking to modernise and let out quickly.

Based on 75% LTV with a 5% interest rate and taking buying costs into account (including the buyers fee) the investment opportunity benefits from a projected cashflow of over £366 per calendar month and ROI of 8.8%.

The property is a traditional, two storey, mid-terraced house on a residential street off Newland Avenue - a bustling high street. This HMO is also conveniently situated within walking distance of Beverley Road, Clough Road, Cottingham Road and the University of Hull, providing a large range of local amenities.

The property benefits from uPVC double glazing including the front and back doors, and gas central heating with 'Ideal' combi-boiler.

On entering the property, you're greeted by a hallway leading to a large ground floor double bedroom (Bedroom 3) on the left. This room features neutral décor, a decorative (non-functional) fireplace, and comes furnished with a double bed, wardrobe, desk, and chair - perfect for professional tenants or sharers.

The living room follows, offering ample communal space with two double sofas, dining table and TV. A large window brings in plenty of natural light, and the simple white walls and dark grey carpet offer a clean base for easy upgrades.

The galley kitchen is practical with plenty of worktop and cupboard space - ideal for tenants who like to cook. Currently fitted with red units, black worktops, and a white tiled splashback, it also includes a gas cooker, washing machine, stainless steel sink, and boiler in the far corner. A small utility-style space between the kitchen and bathroom houses the freestanding fridge and leads to the rear garden.

The bathroom is functional, with full white tiling, black flooring, a shower over the bath with screen, shelf storage, and window with dressing.

The rear outdoor area is an L-shaped yard, fully concreted for low maintenance - offering outdoor space with minimal upkeep required.

Upstairs are two very generous double bedrooms, both filled with natural light thanks to large windows. Each room is neutrally decorated and comes with a double bed, wardrobe, drawers, and shelving - suitable for immediate furnishing post-refurbishment.

The property is as a HMO and has historically been used as a student house share. As it accommodates fewer than five tenants it does not require a mandatory HMO licence.


Don't miss the chance to view this impressive and conveniently located investment property - book your viewing today.

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Buyers premium of 3% + VAT (subject to a minimum fee of £4000 + 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)