Hull Investment Opportunity
Property Overview
- 5 Bedrooms
- 2 Bathroom
- Mid Terrace property
Financial
- Purchase Price £135,000
- Market Rent £1408.33 pcm
- Yield 12.5%
Location
- The property is located located on Clough Road and is within immediate proximity to Cottingham Road and Beverley Road where there are a selection of supermarkets, takeaways, bars, cafes, a bank and gym
Service Fee
We are acting as buying agent and as such a Buyer’s Fee of 3% + VAT (Min £4,000 + VAT) is applicable on the sale price















Detailed Description
A five bedroom, two bathroom mid-terrace house located just off Clough Road. The property is generally in good condition but would benefit from some refurbishment works, due to age and wear and tear. The property is located on Clough Road a main road that leads onto Cottingham Road where the University is situated (under 1km from door to door), and as such it is well placed to continue as a successful investment for years to come.
The property is a traditional mid-terraced forecourted property with bay window to the ground floor. Built in yellow brick with the addition of a small porch having been added in more recent years.
Inside the accommodation extends to approximately 1,130 square feet and comprises of entrance hall, double bedroom with bay window overlooking the front forecourted garden, a communal lounge leading through to the fitted kitchen and bathroom and rear access beyond. The first floor is taken up with four further bedrooms and a shower room. Three of the five bedrooms also benefit from vanity units in the room.
The colour scheme throughout is neutral and sure to appeal to all prospective tenants. The house is sold with all of the furniture and appliances in place, including a wall mounted TV in the lounge; all rooms have a built in desk and shelves to assist tenants with their studies.
The property is heated via an ‘Ideal’ gas combi-boiler, benefits from UPVC double glazing and has a Grade D interlinked fire detection system.
Externally the plot is of a good size (approx 0.03 acres) with a gravelled forecourt to the front, enclosed yard to the rear with shared pedestrian access from the side street (Worthing Street).
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.
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.
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)
More Information
To receive the comprehensive brochure please register on our exclusive buyers database here. If you have already registered, please contract Kim Raines, our Hull Brokerage Partner, who will gladly email the brochure to you.
Agent: Kim Raines
kim@realm47.com
01482 453756