Marshall Street, Hull, East Riding Of Yorkshire, HU5
![Realm 47, Hull](https://media.rightmove.co.uk/268k/267593/branch_logo_267593_0000.jpeg)
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
5
- BATHROOMS
2
- SIZE
1,270 sq ft
118 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity
- 5 Bedroom, 2 Bathroom Student HMO (House of Multiple Occupation)
- Residential Location, just off the buzzing High Street of Newland Avenue
- Gross Yield: 12% (Net of utilities)
- Furnished & Tenanted
- RENT: £1,755 pcm (Exc utility bills)
- FORECAST ROI: 17%
- FORECAST CASHFLOW: £822 pcm
Description
An opportunity to acquire a successful long standing HMO, the five bedroom, two bathroom house is located on a residential street at the heart of Newland Avenue - a popular hub for all Hull residents but especially students being so close to the University and amenities.
Based on 75% LTV with a 5% interest rate and taking buying costs into account (including the buyers fee) the projected cashflow of over £820 per month and ROI of 17% present an appealing medium to long term investment proposition, especially when coupled with the refurbished condition of the property.
The property's spacious and versatile accommodation will appeal to any demographic of tenant but it has historically been let to students and has been designed with students in mind. With the spacious bedrooms offering dedicated work spaces, a fully equipped modern kitchen and separate living room. A perfect setting for housemates to socialise and get the most out of their time as students at Hull University.
The property is a traditional end-terrace property and offers approx 118m2 of internal accommodation.
The accommodation comprises - entrance hall with UPVC front door, high ceilings, flush fire doors and tasteful decor which is carried throughout the property.
The front reception is the first of the five bedrooms and offers bright, spacious accommodation. The second reception room is the modern living space which has access to the under-stairs cupboard and leads through to the attractive recently refitted kitchen with appliances including washing machine, integrated dishwasher, fan oven, electric hob and American style side by side fridge / freezer. The Herringbone flooring and white units with black worktops make the kitchen bright and spacious. To the rear of the kitchen there is a modern bathroom. There is access to the rear garden via the door in the kitchen.
To the first floor there are two further well proportioned double bedrooms and a modern shower room complete with shower, toilet and basin with wall unit above.
Up the final staircase to the second floor are the two final bedrooms both of which have sloping ceilings to one side of the room giving them a cosy loft feel with roof windows allowing for natural light.
Externally the plot is approx 0.021 acres with enclosed hard surface yard to the rear with shared pedestrian access to the side.
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 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 also lies in an Article 4 area preventing the conversion from homes to HMO's without first seeking planning permission, the owners can provide evidence to show that the property was in use as an HMO prior to the implementation of the article 4.
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.
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 3% + VAT is payable in two parts:
- A non-refundable reservation fee of 25% plus VAT or £1,500 plus VAT (whichever is greater)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Back garden,Rear garden,Enclosed garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Marshall Street, Hull, East Riding Of Yorkshire, HU5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hull Station1.4 miles
- Cottingham Station2.3 miles
- New Holland Station4.2 miles
About the agent
REALM 47 Property Brokerage are Investment Specialists, with over 20 years of experience in the property industry we are here to assist investor buyers with the acquisition process or sellers throughout the sale process; acting for either party as buying agent or selling agent.
We handle a vast range of properties from existing investment properties and those with plans for development through to the less obvious properties such as those that are currently used as family homes bu
Industry affiliations
![Property Redress Scheme](https://media.rightmove.co.uk/dir/customer/industry-affiliation/property-redress-scheme_max_135x100.png)
Notes
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