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5 bedroom house of multiple occupation for sale
Ryde Street, Hull, East Riding Of Yorkshire, HU5
£149,950
Ryde Street, Hull, East Riding Of Yorkshire, HU5
£149,950
Our Summary
- This charming 5-bedroom terraced house has a footprint of 853 square feet and offers excellent investment potential, blending contemporary design with spacious living areas and abundant natural light
- Situated in a sought-after area, this property is perfect for investors seeking a modern, HMO with the potential for healthy rental yields
- The combination of large rooms, natural light, and spacious low-maintenance outdoor space combined with the property location, makes this property highly desirable for tenants and an excellent investment opportunity for buyers
- The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong
- This property presents an excellent investment opportunity for property investors seeking to acquire an HMO in East Yorkshire
- Located on Ryde Street, it's perfect for expanding an existing portfolio or starting a new one, offering consistent potential for strong rental returns
- Fantastic HMO Investment Opportunity
Description
This charming 5-bedroom terraced house offers excellent investment potential, blending contemporary design with spacious living areas and abundant natural light. Situated in a sought-after area, the property is perfect for investors seeking a modern, HMO with the potential for healthy rental yields. With a projected cashflow of £516.41 per month and ROI of 11.1%, this property presents a strong investment proposition. The property features modern kitchen and bathroom facilities, large rooms, and a spacious outdoor space. The property meets current fire regulation requirements and has a fire alarm system installed. The living area is flooded with natural light and has a unique combination of wood and green vinyl flooring. The property has two downstairs bedrooms and three upstairs, each with ample space for comfortable living. The property also has a WC, shower room, and a separate bathroom. The property is located in an Article 4 area, which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission. The seller can provide supporting evidence that the property was converted prior to the implementation of the A4. This property presents an excellent investment opportunity for property investors seeking to acquire an HMO in East Yorkshire.