7 bed terraced house for sale

Princes Road, Hull, East Yorkshire HU5

Attention investors - this HU5 heavyweight is ready to get to work.

Positioned just off the ever-popular Newland Avenue and right in the heart of one of Hull’s strongest rental hotspots, this substantial seven-bedroom HMO offers a fantastic opportunity for landlords looking for serious income potential.

Currently vacant and ready to let, the property has the potential to generate around £3,000 pcm, producing an impressive potential gross yield of approximately 15% based on the asking price of £240,000 - a figure sure to catch the eye of seasoned investors and portfolio builders alike.

Spread across three spacious floors, the property is fully equipped and ready to go, with all furniture, fittings, and white goods included - ideal for anyone wanting a smoother route straight into the rental market. Better still, the property benefits from a Certificate of Lawful Use, offering added reassurance for prospective purchasers.

The accommodation briefly comprises an entrance hallway, two letting rooms, a communal reception room, and fitted kitchen to the ground floor. The first floor offers three further letting rooms together with a large shower room, while the top floor provides two additional letting rooms and a bathroom.

The location is a huge part of the appeal. Sitting just off Newland Avenue, tenants are spoiled for choice with cafés, bars, restaurants, shops, supermarkets, and regular transport links all within walking distance, together with easy access into Hull city centre and Hull University.

Further benefits include:

EPC Rating D
Council Tax Band A (Hull City Council)
Seven-bedroom HMO
Certificate of Lawful Use in place
Potential income of approximately £3,000 pcm
Approx. 15% potential gross yield
Offered fully furnished with white goods included
Arranged over three floors
Prime HU5 location just off Newland Avenue
Ready-to-let investment opportunity

Big on bedrooms, big on potential, and perfectly placed - this is an investment opportunity not to be missed.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

HUL260447/8

Agent's Note

To fulfil the obligation to share material information, please follow the web link where you'll find a comprehensive document containing key facts for buyers, providing valuable insights related to the property that you'll undoubtedly find useful.

Agent's Note Two

Hmrc is a supervisory body for money laundering regulations, of which all estate agents need to be registered. As part of this, there are multiple requirements that agents must rigorously and consistently meet to ensure they stay compliant with the regulations and protect their clients. To do this, we use an identity verification service, approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf). This method and the process we follow to ensure compliance for your transaction come with significant time, financial and legal implications hence a portion of this is passed on. We elected for this verification process due to the speed, certainty, and accuracy it delivers. This helps us to protect all our client's interests by using the most advanced verification process to help prevent the impacts of money laundering alongside our internal manual policies and procedures while staying compliant with hmrc.

Agent's Note Two Continued

The administrative charge for this process is £40 plus VAT for a sole purchaser, £65 plus VAT for two purchasers and £75 plus VAT three or more purchasers.