Description

Officially licenced with Hull City Council as a HMO – 3 storey. Meaning this property has all the necessary safety and amenity criteria and is one of the few properties in Hull that meet this stringent criteria, making it highly sought after.

This brings in a massive £30,940 p/a in rents!!!!

Room 1 £140.00

Room 2 £120.00

Room 3 £95.00

Room 4 £120.00

Room 5 £120.00

 

Total £595.00 per week

Gross annual rent of £30,940 giving a yield of 12.4%

Costs

Utilities £3120.00

Internet £520.00

Council tax £980.00

TV Licence £144.00

Net annual rent £17,336 giving a yield of 10.5%

 

Location

The property is located on Park Grove, just off Princes Avenue. Park Grove links Princes Avenue with Beverley Road, a hugely popular area for different reasons. For those who want to be close to the nightlife, the many bars and restaurants are a few minutes walk away, and for those who want to be close to their work pick up points, then also this is just a short walk away.

At a glance

  • 3 Floors
  • 5 Bedrooms
  • 5 Bathrooms
  • 1 Kitchen

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Accommodation

The property is arranged over three floors

Entrance Hallway

With fixed staircase leading to the first floor landing.

Bedroom 1

Very large double ensuite room with bay window looking to the front aspect of the property.

Kitchen

With wall and base level fitted units, work surfaces over, integrated oven and hob with extractor hood over, wall mounted gas fired boiler, 2 x stainless steel sink and drainer units, plumbing for automatic washing machine. Also a breakfast bar dining area.

First Floor

With fixed staircase to second floor

Bedroom 2

Large double ensuite room overlooking the rear of the property.

Bedroom 3

Double sized ensuite room with window overlooking the rear of the property.

Bedroom 4

Very large double ensuite bedroom overlooking the front of the property.

Second Floor


Bedroom 5

Large double, en-suite bedroom with Velux window to the front.

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