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4 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Reservation Fee Apllicable
- T&C's Apply
- Fully let four-bedroom HMO property
- Located in the popular Newland Avenue area of Hull
- Easy access to Hull University
- Historical usage predating Article Four planning restrictions
- Annual rental income of approximately £19254.36
- Gross approximate yield of 16%
- Ideal investment opportunity with high returns
- Desirable location for students and professionals
*Guide Price £120,000 - £130,000 plus Reservation Fee*
Welcome to this fully let four-bedroom HMO property, strategically located in the vibrant and sought-after area of Newland Avenue, one of Hull’s most popular Buy to Let area's. This prime location offers easy access to Hull University, making it a desirable residence for students and professionals alike.
Key Features:
- Fully let four-bedroom HMO property
- Situated in the heart of Newland Avenue, a popular area in Hull
- Proximity to Hull University, ideal for students and professionals
- Historical usage predating Article Four planning restrictions, as informed by the seller
- Currently achieving an approximate annual gross income of £19254.36
- Offers a gross approximate yield of 16%, providing an excellent investment opportunity
This property promises a robust return on investment, boasting a gross yield of approx 16%. The seller also informs us that they can provide historical usage data predating Article Four planning restrictions, ensuring peace of mind for prospective buyers regarding compliance and regulation.
With its prime location, strong rental income, and excellent yield, this property is an exceptional opportunity for investors seeking a high-performing asset in a thriving community. Don’t miss the chance to invest in this lucrative HMO property in Newland Avenue.
*Fees, Exclusivity, and Disclaimer:*
*Fees:*
*Reservation Fee:* Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.
The Reservation Fee can be refunded under certain circumstances;
i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office
*Exclusivity:*
Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 60 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.
*Process:*
Our process:
1. Register your interest
2. Prepare your finances for the purchase
3. Arrange a viewing
4. Make an offer
5. Secure your sale using our secure system
6. Exchange and complete
*Disclaimer:*
The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services.
We endeavour to make our sales 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.
Places of interest
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*DISCLAIMER
Property reference S958768. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rezee - Hull.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 26, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 9, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 25, 2016 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.