Terraced house for sale in Hull HU5, 5 Bedroom

Property Ref: 3817

A brilliant, part refurbished five bedrooms terraced hmo with a new roof, some plastered walls, and immense potential. The property is ideal for students and young professionals alike due to it's close proximity to local amenities, Newland Avenue and Hull University. Currently, it comprises of a large kitchen diner, two bedrooms on the ground floor and WC. On the first floor, there are three further bedrooms and a bathroom. The property has historically always been used exclusively as a student hmo. We estimate that the cost of refurbishing this property would be circa £50,000. This would result in an extremely high standard which would place this student home at the top of the list for student desirability and subsequently secure a stable stream of income for any investor. A top of the market five bedroom student hmo would let for circa £85 per bedroom per week (£22,100 per annum), this would provide an investor with a net yield of 16.3% based on the asking price and refurbishment cost...

Property Ref: 3817
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