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Well Run 5-Bed 3-Bath HMO Located in Hull, Yorkshire Generating £22,100 PA

For sale: £185,000.00|Mixed Use, Other, Other Property Types & Opportunities

Property details

FOR SALE£185,000.00
ADDRESS68 Sherburn Street, Hull, East Riding of Yorkshire, HU9 2LB
TYPEMixed Use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON7th October 2021

Description

This is a well-presented 5 bedroom property in Hull. A fantastic investment opportunity to purchase an established HMO. The property is exceptionally well-run and fully occupied with a local managing agent in place. The property Gross Income is £22,100 per annum and the Gross yield is 11.95%

Well located in Hull, it is centrally located within 1.5 miles of the city centre. The property reaps the benefits of a central location and it is within 0.2 miles of local amenities. With numerous local stores, just a short walk away including Iceland, Asda, Lidl, and Morrisons. Transport links are second to none from the property; within 425 feet is the nearest bus stop. The nearby railway station is within 1.8 miles of the property (Hull Paragon Interchange station).

Hull is the hub of many large company head quarter's for UK businesses. This includes Cranswick, which is a large UK food producer. They currently account for 60% of UK exports to the middle east. Croda is another larger employer in the area which is within the health and beauty sector; in total, they employ over 4000 employees. Also, Hudson contract within the construction sector is another mainstream employer in the area, and this is to name just a few.

Income;
Room 1 - £346.67 / Room 2 - £325 / Room 3 - £390 /
Room 4 - £346.67 / Room - 5 £433.33 /
Total; £1,841.67 PCM / £22,100.04 PA

Expenditure;
Gas - £200 / Electric - £70 / Water - £41.50 / Council Tax - £102 /
TV License - £13 / Broadband - £45.99 / Cleaner - £30 / Management - £276
Total; £778.49 PCM / £9,341.88 PA

Gross Yield: 11.95%
Buyer Fee: 2.00% + VAT

Location

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Location: 68 Sherburn Street, Hull, East Riding of Yorkshire, HU9 2LB

Hull Paragon (1.6 miles)

Cottingham (4.3 miles)

Barrow Haven (5.3 miles)

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