Terraced house for sale in Hull HU3, 5 Bedroom

This mid-terrace hmo property has been recently refurbished to a high standard and boasts 5 large double bedrooms, a spacious kitchen with ample storage and countertop space and a bathroom complete with 3-piece suite. There is no doubt that these rooms will be extremely popular with tenants as each room provides enough space for them to make it more than just a place to sleep.

This property is located in the beautiful Yorkshire city of Hull. There is an abundance of places to explore and things to do in the city centre, which is only a 30 minute walk or a 10 minute drive away from this property, putting residents in the ideal location to fully enjoy everything that this waterside city has to offer. Hull was awarded the "UK City of Culture" prize in 2017 and it is easy to see why, with attractions such as; The Museum Quarter, which includes 4 out of 8 of Hull's free museums; the Ferens and the Humber Street Art Galleries; 2 large theatres; a brand new 3,000 seat events arena which was opened in 2018 and The Deep, one of the most spectacular aquariums in the world which is home to over 3,500 fish, sharks and marine life. This is alongside annual music, food and street festivals and the usual amenities such as Hull's 3 shopping centres, numerous bars, restaurants and the stunning views of the River Humber from the marina.

Hull currently has some of the lowest house prices in the country which means that now is the perfect time to invest! There is due to be a huge investment into renewable and green energy, which will bring more jobs to the area. This is alongside the investment that the city is receiving due to its City of Culture status, which from looking at the other cities that have achieved this accolade; Hull will benefit from a huge boost to its economy and house prices will rise as Hull becomes a more desirable place to live! Enquire today!

Financial Breakdown

Gross rent: £22,100
Ground rent: £0
Service charge: £0
Lettings fees: £2,210
Net income: £19,890
Gross yield: 16.37%
Net yield: 14.73%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13334