A well presented three bedroom property located just off Beverley Road. The property offers spacious and versatile accommodation. The property is fully let as a HMO to three students. Being sold as a going concern, the buyer will purchase this ready made investment complete with tenants and furnishings (sold as seen).
The property is fully double glazed and has an ‘Ideal’ gas boiler which is approximately 6 years old. The property also benefits from a new ‘Inspire’ remote heating thermostat to help maintain optimum temperature and reduce bills.
The shared accommodation includes a modern kitchen with appliances, bright living room space ideal for socialising and a bathroom to the ground floor of the property. The bedrooms are all furnished with double beds, wardrobes and desks to support the students studies.
The decoration is neutral throughout with the addition of feature walls in most of the rooms.
The property is a short walk from Cottingham Road, Newland Avenue and Beverley Road. These roads offer 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 and is ideally situated for student tenants. Due to the access to the local amenities, the property can be easily switched to working tenants dependent on market demand and owner preference.
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.
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Buyers premium of £5,220 inc VAT is payable upon completion. Non refundable reservation fee of £1,500 plus VAT which is deducted from the buyers premium is due upon sale agreed.
