Terraced house for sale in Princes Road, Hull HU5

We believe this property works best at 75% or less based on an interest rate of 5%.

The property is a fantastic newly refurbished HMO, the six bedroom, three bathroom house is located on a quiet residential street that leads off to the North of the highly popular Princes Avenue, and also benefits from being parallel to Newland Avenue. The property's spacious and versatile accommodation will appeal to any demographic of tenant but it has historically been a student house and has been designed with students in mind. With the spacious rooms offering dedicated work spaces, a fully equipped partially open plan kitchen living space with dining table. Which is not only ideal for its primary purpose but also for housemates to socialise and get the most out of their time as students at Hull University.

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 shared accommodation includes - a bright entrance hall with lovely high ceilings, downlights, six panel fire doors and appealing neutral decor which is carried throughout the property. The rear reception is a striking living room with exposed brick chimney breast, dark wood effect flooring and modern furniture which compliments the property style perfectly. To add to the statement wall there is a huge wall mounted TV - the centre piece for any worthy student home. The current owner has sympathetically carried out the works to the property retaining some of the properties original features such as the tall skirting boards and some of the ceiling coving.

The lounge leads through to an eye catching dining kitchen which is well laid out with 1 1/2 bowl sink position in front of the window, a large electric range cooker, American style freestanding side by side fridge freezer, integrated washing machine and dining table which seats six.

Beyond the kitchen is the most excellent use of space, a mini haven - a bedroom with super modern en-suite shower room off it, again thoughtfully designed having been fitted with a low profile shower tray, mixer shower, vanity unit, wall storage unit with mirrored doors and heated towel radiator. At the front of the property there is a very spacious bedroom featuring exposed brick chimney breast, ceiling coving, wall mounted TV and bespoke furniture. The ground floor also benefits from an under-stairs storage cupboard and UPVC glazed back door providing access to the good sized rear garden.

To the first floor there are two modern shower rooms located side by side at the rear of the property. Each shower room is fitted with a large shower cubicle, full and half flush toilet, basin with mixer tap and vanity unit below, wall mounted cabinet with mirrored doors, heated towel rail and extraction fan.

The four bedrooms to the first floor are all of a good size and are well equipped with double beds, mattresses, mattress protectors, bespoke furniture including: Wardrobe, drawers, workspace, chair and TV.

Externally the plot is of a good size with enclosed rear garden.

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 meets with current fire regulation requirements having a Grade D mains interlinked fire alarm system installed, fire doors throughout and a fire blanket in the kitchen.

The property is a short walk from Princes Avenue, Newland Avenue and Beverley Road. These roads offer a range of amenities including, numerous highly rated cafes and restaurants; independent shops, Lloyds Bank, Tesco, Sainsburys and a post office.

The property is also within walking distance of the University of Hull, the excellent location means that the property has versatility allowing it to be easily switched between student and working tenants dependent on market demand and owner preference.

The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong. This property was converted prior to the implementation of the A4 and the seller can provide supporting evidence.

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Buyers premium of £6,660 inc VAT is payable upon completion. Non refundable reservation fee of £1,500 plus VAT which is deducted from the buyers premium is due upon sale agreed.