My Pad Accommodation Ltd
Tel: 01482 342445
139 Cottingham Road
Hull
HU5 2DH
Pearson Park, Hull
Asking Price £650,000
11 Bedroom House Of Multiple Occupancy
INVESTMENT PROPERTY FOR SALE
Nestled in the desirable area of Pearson Park, Hull, this impressive House of Multiple Occupancy presents a remarkable investment opportunity. Boasting a total of eleven bedrooms and eleven bathrooms, this property is designed to cater to the needs of modern tenants, ensuring comfort and convenience throughout.
The property features a ten-bedroom fully ensuite layout, complemented by a one-bedroom flat situated at the rear, providing additional versatility for potential occupants. This arrangement not only maximises rental potential but also enhances the overall appeal of the property.
Currently generating a substantial gross annual income of £81,536, this investment showcases a commendable gross yield of 12.5%. Such figures highlight the property's strong performance in the rental market, making it an attractive proposition for both seasoned investors and those looking to enter the property market.
With tenants already in situ, this property offers a seamless transition for any prospective buyer, allowing for immediate income generation without the hassle of finding new tenants. The location in Pearson Park is particularly appealing, known for its vibrant community and proximity to local amenities, making it a sought-after area for renters.
In summary, this well-maintained HMO represents a lucrative investment opportunity in Hull, combining a prime location with a proven income stream. Do not miss the chance to acquire this exceptional property that promises both financial returns and long-term value.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com