House for sale

Hull

4 bedrooms1 bathroom

299.190 €

Listed Oct 8, 2024

About this listing

Price: £250,000 Vacant 4-Bedroom HMO and Ground Floor Shop Let at £800 pcm This excellent investment opportunity combines a ground-floor commercial unit with a spacious 4-bedroom HMO on the first floor. Located just a 2-minute walk from the University of Hull, this property sits in a prime student area with plenty of local amenities, including shops, cafes, and transport links. The shop on the ground floor is already let at £800 per month, and the HMO offers strong rental potential for student tenants, with all bedrooms fully furnished. Key Features: 4 Fully Furnished Bedrooms (First Floor) – Ideal for student tenants, ready for immediate letting Spacious Lounge – Perfect for communal living and socializing Ground Floor Commercial Unit – Shop currently let at £800 pcm, providing immediate rental income Prime Location – Just a 2-minute walk to the University of Hull and surrounded by amenities Rental Potential: Potential Rent for HMO: £95 per week per room Potential Annual Income from HMO: £18,240 based on a 48-week contract Current Income from Shop: £9,600 per year Total Potential Annual Income: £27,840 Yield Potential: With a sale price of £250,000, the property offers a potential yield of 11.14%, making it a highly attractive investment opportunity in a thriving student and commercial area.

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Listed on

Rightmove

299.190 €