Peel Street, Hull, HU3 1QR
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- 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
Description
32 Peel Street, Hull, HU3
FIVE-BEDROOM HMO – FULLY TENANTED – IMMEDIATE RENTAL INCOME
Asking Price: £165,000
An excellent investment opportunity offering an attractive potential gross rental yield of approximately 12.7%–14.5%.
Situated in the popular HU3 area of Hull, this well-presented five-bedroom House in Multiple Occupation (HMO) offers investors the opportunity to acquire an established rental property with tenants already in situ, providing immediate rental income upon completion.
The property has successfully operated as an HMO for approximately 10 years and is located in an established rental area, conveniently positioned for Hull city centre, local amenities, transport links and educational facilities.
Potential Rental Income
Based on rental income of £350–£400 per room per calendar month:
Monthly rental income: £1,750–£2,000
Annual rental income: £21,000–£24,000
Potential gross rental yield: 12.7%–14.5%
Figures are based on all five rooms being occupied at the stated rental rates and an asking price of £165,000. Gross yields are calculated before running costs, maintenance, management fees, void periods and other expenses.
Key Investment Features
Five-bedroom HMO
Fully tenanted and sold with tenants in situ
Immediate rental income upon completion
Established HMO operating for approximately 10 years
HMO licence in place
Attractive potential gross rental yield
Popular and established HU3 rental location
Well-presented accommodation throughout
Excellent addition to an investment portfolio
Important Information
The property holds an HMO licence; however, HMO planning permission is not in place. Prospective purchasers are advised to undertake their own enquiries regarding planning status and permitted use.
Calling All Investors and Landlords!
Looking for your next income-generating investment?
With tenants already in place, an established rental history and attractive potential returns, 32 Peel Street could be the investment opportunity you've been waiting for!
- 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.
- Private garden
- 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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Peel Street, Hull, HU3 1QR
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Visit our security centre to find out moreDisclaimer - Property reference S1897018. 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 eXp UK, Yorkshire and The Humber. 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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