Mayfield Street, HU3, Hull, HU3

For sale Offers on the region of £140,000 - £150,000

This four-bedroom terraced house is for sale as a  shared house (HMO), offering an appealing option for investors. Currently, three of the four rooms are occupied, generating a rental income of £16,200 per year, with a projected income of £21,300 per year once fully let. The property is neutrally decorated throughout, providing a straightforward, low-fuss environment for ongoing management and future tenants.

Inside, the layout includes one reception room, one kitchen and two bathrooms, providing the essential facilities expected in a shared house. An EPC rating of D and Council Tax band A help to keep running costs more manageable for occupants.

Situated in Hull, the house benefits from access to the city’s amenities, including shops, supermarkets, and local services. Hull offers a range of schools, green spaces and leisure facilities across the city, appealing to a broad tenant base including professionals and students.

Public transport in Hull is well served by regular bus routes across the city, with Hull Paragon Interchange acting as the main rail and bus hub. From there, direct train services run to destinations such as Leeds, Sheffield, York and Manchester, with journey times from around one to two hours depending on the route. Road links also connect easily to the A63 for travel towards the M62 and wider motorway network.

Overall, this four-bedroom terraced HMO house for sale in Hull presents a ready-made investment with established income and further potential when fully occupied.

Services

Mains gas, water, electricity and drainage are connected to the property.

Services, fittings & equipment referred to in these sale particulars have not been tested (unless otherwise stated) and no warranty can be given as to their condition.

Parking

Parking is available on-street only

Heating

The property has the benefit of a gas fired central heating system (not tested).

Tenure

The property is freehold.

Local Authority

Council Tax is payable to the Hull City Council Council. The property is shown in the Council Tax Property Bandings List in Valuation Band A

Floor plan

Whilst every effort has been made to ensure the accuracy of the floor plan contained here, measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission or mis-statement.

This plan is for illustrative purposes only.

Mortgages

We are pleased to work with 'Green & Green Mortgages, who provide Northwood clients with expert independent mortgage advice.

With access to thousands of mortgages, including exclusive deals that are not available on the high street, the team of agents provide award-winning advice that is tailored to your individual circumstances.

Green & Green Mortgages can help you to find the right mortgage product for you and help with your application every step of the way. We have a dedicated Mortgage advisor who can offer telephone appointments to discuss your individual needs at a time to suit you.

Note: Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Valuation/Appraisal

A market appraisal is a great way to start your property journey. You can find out what your property is worth with a virtual or face to face appointment in your home. If you’re thinking of making a move, we would love to hear from you. Call our sales team on to book your free, no obligation market appraisal now!

Anti Money Laundering

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Iamproperty/Movebutler who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £25.00 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to iamproperty/movebutler, and is non-refundable.

We will receive some of the fee taken by iamproperty/movebutler to compensate for its role in the provision of these checks.

Agents Notes

The property is currently being used as a House in Multiple Occupation (HMO) and offers an opportunity for an investor seeking to enhance and add value. Purchasers should be aware that investment and improvement works will be required. Buyers are advised to undertake their own due diligence regarding HMO licensing, fire safety, compliance and all regulatory requirements applicable to their intended use. Please contact the selling agent for further information.

HMO Utilities

The following bill are included within the monthly rental payment:

Gas
Electric
Water
Council Tax
Broadband