5 bedroom terraced house for sale

*Guide Price £160,000 - £170,000 plus Reservation Fee*

Introducing a prime investment opportunity – a fully compliant five-bedroom HMO located within easy reach of Hull University, making it ideal for student accommodation or young professionals. This property is fully licensed as an HMO, complete with all required documentation, including a Certificate of Lawful Use and a valid HMO license, ensuring a hassle-free and compliant investment.

The property boasts five spacious double bedrooms and two modern bathrooms, designed to meet the needs of multiple occupants. The large, open-plan living space provides a comfortable communal area for tenants, enhancing the property’s appeal for shared living.

Under the management of the current company, the property generates an estimated annual rental income of approximately £24,000, translating to an impressive 15% gross yield. This exceptional yield, combined with the property’s high occupancy potential and prime location, makes this HMO a valuable addition to any investment portfolio.

*Disclaimer:* Please note that all new owners will be required to apply for a new HMO license, as licenses cannot be transferred. Additionally, compliance requirements may change over time. Buyers are strongly advised to seek independent advice to ensure full understanding of current regulations and licensing requirements.

*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 90 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.

Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (SDLT). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay SDLT at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether SDLT applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor. 

Rezee innovative way of selling is a secure and straightforward way to buy property. 

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.