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Hull Investment Property

Property Overview

  • 3 Bedrooms
  • 1 Bathroom
  • Mid Terraced Property

Financial Information 

  • Yield 10%
  • Market rent £962.00 (exc utility bills)

Location Information

  • The property is a very short walk from Beverley Road, Princes Avenue and Newland Avenue, which offers a range of amenities including, numerous highly rated cafes and restaurants; independent shops, Lloyds Bank, Tesco, Sainsburys and a post office.
  • The property is within walking distance of the University of Hull which is ideal for the student tenant demographic. The tenants could be swapped to working tenants dependent on market demand and owner preference.

More Information

To receive the full brochure you must register on our exclusive buyers database here.

Detailed Description

Description

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

An immaculately presented three bedroom property located just off Beverley Road. The property has recently been refurbished and furnished to an excellent standard, resulting in low maintenance costs which when coupled with strong returns offers a superb investment proposition.

The property is a fully let HMO let to students on a joint AST until August 2024. Being sold as a going concern, the buyer will purchase this ready made investment complete with tenants and furnishings (sold as seen).

Accommodation comprises modern refitted fully equipped kitchen and bright living space with exposed brick wall, ideal for relaxing and socialising. There are three well proportioned double bedrooms with desk areas, ideal for supporting students with their studies, high quality bespoke furniture and wall mounted TV’s. The property has a modern first floor bathroom servicing the three rooms.

To the rear of the property there is a courtyard.

The property has been furnished throughout with high quality bespoke furnishings. Exposed brick walls complement the modern furnishings and characterful features such as the bay windows – the perfect blend of character warmth with a modern finish.

The property is heated via an ‘Ideal’ gas combi-boiler with remote heating controls, has a Grade D – mains interlinked fire system and benefits from being fully UPVC double glazed including the front door.

The property always receives good demand from student tenants due to the proximity to the University and to local amenities, and it’s condition!

The property is let and managed by Loc8me a reputable student agency in Hull. Their fees are 12% management plus £250 tenancy set up fee per person – there is VAT chargeable on these service fees.

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

Buyers premium of £6,000 + VAT – payable in two parts:
– A non-refundable reservation fee of £1,500 plus VAT
– The balance is due upon legal completion (which is collected and paid by the buyers solicitor)