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Hull Investment Opportunity

Property Overview

  • 6 Bedrooms
  • 2 Bathroom
  • Mid Terrace property

Financial Information

  • Yield 12.1%
  • Market Rent £1664pcm

Location Information

  • The property is a short walk from Princes Avenue, 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.

More Information

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

Detailed Description

The property is a successful long standing HMO, the six bedroom, two bathroom house is located on a mostly residential street that runs between Newland Avenue and Beverley Road, both of which are full of amenities from small independent shops and cafes through to larger stores and even a swimming pool. To the top of Newland Avenue is Cottingham Road where the University of Hull is located (very convenient for student tenants). The property’s spacious and versatile accommodation will appeal to any demographic of tenant and is currently let to a mix of working people and those studying, historically it has been fully let to students. With the spacious rooms offering dedicated work spaces, a beautifully finished kitchen and striking living space with feature brick chimney breast and wall mounted large TV.

The property is fully double glazed, including the front and back door and is heated by an ‘Ideal’ gas boiler which has a remote heating control.

The shared accommodation includes – a bright entrance hall with partially glazed front door and window above, lovely high ceilings, flush fire doors and tasteful decor which is carried throughout the property. The front reception is a superb living room with exposed brick chimney breast, oak effect flooring and stylish sofas. To add to the statement wall there is a huge wall mounted TV – the centre piece for any social houseshare.

Passing through to the rear of the property the modern kitchen provides a wow factor not just in terms of the kitchen units and worktops but also the thoughtful additions such as the graphite colour 1 1/2 bowl sink – positioned in front of the window, the huge centrepiece of an electric range cooker with chimney hood extractor over, the stunning American style freestanding side by side fridge freezer and discreetly integrated washing machine and dishwasher.

Beyond the kitchen is the first of the two shower rooms consisting of shower corner shower cubicle with overhead rainwater shower head, vanity unit and basin and mirrored wall unit providing plenty of storage, and a large chrome heated towel rail. The small rear lobby also provides rear access to the outside space and a double bedroom. Back off the main entrance hall in what was originally the second reception room is a second spacious double bedroom. The ground floor also benefits from an under-stairs storage cupboard.

To the first floor is the second of the two shower rooms and three further double bedrooms with the sixth bedroom taking up the entirety of the 2nd floor with sloping ceilings going into the eves of the roof.

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.

The property meets with current fire regulation requirements having a Grade C-A fire alarm system with call points installed, fire doors throughout and a fire blanket in the kitchen.

The property is a short walk from Princes Avenue, 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 also within walking distance of the University of Hull, the excellent location means that the property has versatility allowing it to be easily switched between student and working tenants dependent on market demand and owner preference.

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 £5940 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.