My Pad Accommodation Ltd
Tel: 01482 342445
139 Cottingham Road
Hull
HU5 2DH
Beverley Road, Hull
Asking Price £450,000
5 Bedroom Block of Flats
Nestled on Beverley Road in Hull, this exceptional property presents a remarkable investment opportunity. Comprising four beautifully renovated apartments, each flat is spacious and meticulously maintained, ensuring a comfortable living environment for tenants. With a total area of 592 square feet, the property boasts four reception rooms, five bedrooms, and four bathrooms, making it an ideal choice for student accommodation as the majority of student demand is for single dwellings with no need to share.
Currently rented to students for the ongoing academic year, this property has already secured tenants for the next academic year, providing a seamless transition and consistent rental income. The impressive gross rental yield of 8% highlights the strong financial potential of this investment, making it an attractive option for discerning buyers. With minimal running costs due to tenants paying their own utilities.
This turnkey investment allows for immediate cash flow, with minimal effort required to manage the property. The strategic location on Beverley Road ensures easy access to the University of Hull, local amenities and transport links, further enhancing its appeal to prospective tenants.
In summary, this property is not only a sound financial investment but also a well-appointed living space that meets the needs of today’s students. With its combination of quality renovations and strong rental demand, it is a rare find in the Hull property market.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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