SOLD SUBJECT TO CONTRACT

Description

Want a property with the wow factor?????

Here it is……….

*  £33,540 p/a income

*  13.42% ROI

*   Massive refurbishment recently completed

*   5 En-suites

*   TV’s wall mounted in every room including the kitchen

*   Light stream broadband networked throughout the property

*   Large rear garden, paved BBQ area and lawned area

Room 1 £95.00

Room 2 £100.00

Room 3 £90.00

Room 4 £95.00

Room 5 £100.00

Room 6 £80.00

Room 7 £85.00

Total £645.00 per week

Gross annual rent of £33,540 giving a yield of 12.20%

Costs

Utilities £3640.00

Internet £520.00

Council tax £980.00

TV Licence £144.00

Net annual rent £28,256 giving a yield of 10.27%

 

Location

Lambert Street links Newland Avenue and Beverley Road together. This is probably the most sought after area for working professionals and migrant workers in the HU5 area of Hull. This is largely due to the numerous café bars and restaurants that this trendy area has to offer, also migrant workers have dedicated pick up points nearby to take them to work in the surrounding factories.

At a glance

  • 3 Floors
  • 7 Bedrooms
  • 6 Bathrooms
  • 1 Kitchen

Share this property

Click the buttons below to share this property with your chosen social network.

Accommodation

This property has recently undergone a complete refurbishment costing around £65,000, nothing left untouched. You will see the immaculate finish by the photographs and video. The house is fully let with good quality tenants and will let without a problem as tenants naturally move on.

5 out of the 7 rooms are en-suite, and the other 2 rooms share 1 bathroom.
The property is licenced with Hull City Council which means it meets the high standards that they set to be able to let a property of this size.

Bedroom 1

Double sized en-suite room. Ground floor, overlooking the front of the property.
Current rent £411.67 p/m.

Bedroom 2

Double sized en-suite room. Ground floor, overlooking the rear of the property.
Current rent £411.67 p/m.

Bedroom 3

Double sized room. First floor, overlooking the rear of the property. Shares a bathroom with room 6.
Current rent £390.00 p/m.

Bedroom 4

Double sized en-suite room. First floor, overlooking the rear of the property.
Current rent £411.67 p/m.

Bedroom 5

Double sized en-suite room. First floor, overlooking the front of the property.
Current rent £433.33 p/m.

Bedroom 6

Single sized room. Second floor, overlooking the rear of the property. Shares a bathroom with room 3. Has its own wash hand basin and vanity unit.
Current rent £346.67 p/m.

Bedroom 7

Double sized en-suite room. Second floor, overlooking the front of the property.
Current rent £368.33 p/m.

Kitchen

Very large kitchen diner. Wall mounted TV, seating area and breakfast bar.
2 Ovens, hobs with overhead extractors and 2 sinks all provided as per the licencing rules.
Brand new 40kw combination boiler in housing unit.

For more information about this property

Contact us on 01482 342155

Or use the contact form below.

Start your investment opportunity today by using the enquiry form.

Click here for the enquiry form

Get started now with Hull's Number 1 Property Advisors