26 De Grey Street,
Hull. HU5 2SA

Amazing investment opportunity with very high return on investment.

This property represents excellent value and has been a successful investment for many years. The property is extremely spacious and appealing and located in the heart of the vibrant Hull rental area of HU5.

Please note that the rents are currently under review with increases expected this year and the following year (not recently increased).

Maintained to a high standard, this property meets all HMO legal requirements and regulations and represents a unique turn key opportunity.

Rents

Room 1               currently  £476.67 potentially £498.33
Room 2               currently  £411.67 potentially £433.33
Room 3              currently   £433.33 potentially £433.33
Room 4              currently  £411.67 potentially £433.33
Room 5              currently  £520.00 potentially £541.66
Room 6              currently  £563.33 potentially £563.33

Total £2816.67 / £2,903.31 per month or £33,800.04 / £34,839.72  pa

At £195,000 this represents a Return on investment of 17.33% / 17.86 %

Ground Floor

• 2 ground floor bedrooms
• Kitchen units, storage, preparation & dining area
• Separate kitchen with 2 cookers, two Hobs with extractors,
• This lovely Living/dining-kitchen includes x 3 fridge freezer/microwave/storage and work surfaces
• x 2 oven/hob/extractors and x 2 sinks.
  
• Shower room
• Utility area rear garden area and side gate.

Note: all the high quality furniture throughout is included in the sale as well

(significant cost) purchased from Fusion furniture of Knutsford Cheshire.

First Floor

• 3 first floor bedrooms
• 1 bathroom with shower above

Second Floor

• Second floor en-suite bedroom

HMO licence for 6 people.

Owner has historical evidence to support continuous HMO use.

Very reasonable Asking price of £195k, we expect a lot of enquiries so please contact us to arrange a viewing ASAP.

Located in the very popular De Grey Street which links Newland Avenue to Beverley Road, this property is ideally placed to attract both working tenants and students. As well as the 3 bath/shower rooms there are also 3 additional sinks within 3 bedrooms.  De Grey Street is a few minutes’ walk to the Jet station which is the pick-up point for Eastern European workers, and it’s also approximately a 20 minute walk to the University of Hull.

The area is host to many shops, bars and restaurants making it a vibrant place to be.

A short walk onto either Newland Avenue or Beverley Road, and you can catch a frequent bus to Hull City centre or talk a healthy walk which will take around 10-15 minutes.