Property description
A CURRENTLY OCCUPIED FULLY LICENCED HMO WITH A POTENTIAL ANNUAL INCOME OF APPROXIMATELY £18,000
INTRODUCTION
This property has undergone extensive work over recent years and now provides an excellent investment opportunity with five lettable rooms, two bathrooms, a modernised breakfast kitchen and reception room to the ground floor. Providing a very attractive potential income of £18,000 per annum which based on its current asking price would provide an annual yield of just over 11%. The property benefits from double glazing and central heating and is located in the heart of Hull's most popular student area with a great choice of local shops, amenities, cafe bars and restaurants and located within easy reach of Hull University.
LOCATION
The property is located off Newland Avenue which enjoys an abundance of restaurants, bars, cafes, local shops and public transportation, with access to both Hull City Centre and the A63/M62 motorway. The Hull University is also within a short walking distance.
ACCOMMODATION
The property is arranged on three floors and briefly comprises as follows:
ENTRANCE HALL
With fixed staircase leading to first floor landing.
BEDROOM 1
LOUNGE
BREAKFAST KITCHEN
With a modern fitted kitchen with wall and base level fitted units, work surfaces over, stainless steel sink and drainer unit, integrated oven and hob with extractor hood over, breakfast bar, plumbing for washing machine and space for fridge/freezer.
REAR LOBBY
W.C.
With low level w.c.
SHOWER ROOM
With shower cubicle, pedestal wash hand basin and built-in cupboard.
FIRST FLOOR
LANDING
BEDROOM 2
BEDROOM 3
BATHROOM
With a white three piece suite.
BEDROOM 4
SECOND FLOOR
LANDING
BEDROOM 5
OUTSIDE
The property has a front forecourt and a low maintenance generous rear garden.
CENTRAL HEATING
The property has the benefit of gas central heating.
DOUBLE GLAZING
The property has the benefit of double glazing.
COUNCIL TAX
Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band A.*
FIXTURES & FITTINGS
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.
DISCLAIMER
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
VIEWINGS
Strictly by appointment with the sole agents.
MORTGAGES
We will be pleased to offer independent advice regarding a mortgage for this property, details of which are available from our Hull - Newland Avenue office on 01482 343399. Independent advice will be given by Licensed Credit Brokers. Written quotations on request. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
VALUATION/MARKET APPRAISAL
Thinking of selling or struggling to sell your house? More people choose Beercock Wiles & Wick in this region than any other agent. Book your free valuation now!
Property Features :
- Licenced HML
- Potential Income of £18,000 p.a.
- Fully Let for Three Consecutive Years
- Easy Reach of Hull University
- Refurbished Over Recent Years