5 Bed Terraced House For Sale Peel Street, Hull, HU3
£200,000- Terraced
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Last Updated: 24th March 2024
Description
Introducing this exceptional investment opportunity located on Peel Street, HU3, a fully-tenanted HMO boasting five bedrooms.
With an annual rental income of £22,500 and potential for further rental growth, this property is a sound financial choice.
What sets it apart is its chain-free status and the presence of an HMO license, making it an attractive investment in an Article 4 area where future HMO availability will be limited.
The ground-floor layout features a spacious communal living area, a standard double room (Room 1), a communal WC, a well-appointed communal kitchen with cooking and washing facilities, and direct access to the rear garden.
On the first floor, you'll find Room 2 situated at the rear of the house, accompanied by a fully-equipped communal bathroom complete with a bath, shower, and toilet. An additional communal WC, Room 3 (another standard double room), and Room 4 (a double room with additional study space) complete this level.
Heading up to the second floor, you'll discover Room 5, a standard double room with extra study space, providing a comfortable living environment for tenants.
Rest assured, this property is fully furnished, ensuring a hassle-free experience for both landlords and tenants. All bills are included, encompassing gas, electricity, water, Wi-Fi, and council tax.
The average monthly gas and electric outgoings, as stated by the landlords, amount to £600. Please note that this is high usage as the incorrect thermostat was in the property and the heating was constantly on. This is now fixed and the monthly costing will begin to reduce.
Rental prices:
R1 - 370
R2 - 335
R3 - 370
R4 - 400
R5 - 400
Bills:
The council tax is 110.00
Broadband is 105.00 approx
Electric and gas combined is 500.00 to 600 hundred approx.
TV is 159.00 Annually
Water 50.00
House insurance allow £50.00
To secure this fantastic opportunity, the following documents are required: valid ID, proof of address, mortgage in principle (if applicable), and proof of funds.
Don't miss out on this remarkable investment prospect. Contact us today to arrange a viewing and explore its true potential.
Council Tax Band: A (Hull Council Tax)
Tenure: Freehold
With an annual rental income of £22,500 and potential for further rental growth, this property is a sound financial choice.
What sets it apart is its chain-free status and the presence of an HMO license, making it an attractive investment in an Article 4 area where future HMO availability will be limited.
The ground-floor layout features a spacious communal living area, a standard double room (Room 1), a communal WC, a well-appointed communal kitchen with cooking and washing facilities, and direct access to the rear garden.
On the first floor, you'll find Room 2 situated at the rear of the house, accompanied by a fully-equipped communal bathroom complete with a bath, shower, and toilet. An additional communal WC, Room 3 (another standard double room), and Room 4 (a double room with additional study space) complete this level.
Heading up to the second floor, you'll discover Room 5, a standard double room with extra study space, providing a comfortable living environment for tenants.
Rest assured, this property is fully furnished, ensuring a hassle-free experience for both landlords and tenants. All bills are included, encompassing gas, electricity, water, Wi-Fi, and council tax.
The average monthly gas and electric outgoings, as stated by the landlords, amount to £600. Please note that this is high usage as the incorrect thermostat was in the property and the heating was constantly on. This is now fixed and the monthly costing will begin to reduce.
Rental prices:
R1 - 370
R2 - 335
R3 - 370
R4 - 400
R5 - 400
Bills:
The council tax is 110.00
Broadband is 105.00 approx
Electric and gas combined is 500.00 to 600 hundred approx.
TV is 159.00 Annually
Water 50.00
House insurance allow £50.00
To secure this fantastic opportunity, the following documents are required: valid ID, proof of address, mortgage in principle (if applicable), and proof of funds.
Don't miss out on this remarkable investment prospect. Contact us today to arrange a viewing and explore its true potential.
Council Tax Band: A (Hull Council Tax)
Tenure: Freehold
Agent Details
Higson Homes
129, Chanterlands Avenue, Hull, HU5 3TG
Show Contact Number
01482 351 351
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.