Investment Sales

Ash Grove, Kingston upon Hull

7 Bedroom | £220,000

2 Storey 7 bedroom HMO
HMO License granted
Historic Tenancies available in order to prove permitted rights to be used as HMO as per Planning Directive art. 4
2 full bathrooms
1 kitchen with two sets of facilities
Mains wired interlinked fire detection
Large separate living dining room
Fully furnished
Fire doors throughout
Scope for further development
UPVC Windows and gas central heating throughout
GROUND FLOOR
Entrance hallway
Bedroom 1 - 17m2 - with bay window - suitable size for ensuite installation
Bedroom 2 - 15m2 - suitable for ensuite conversion
GROUND FLOOR REAR ADDITION
Living dining room - 21m2
Kitchen - 9.6m2 - two sets of cooking facilties - integrated electric hobs and under counter ovens - sink drainer and combination boiler
Rear lobby - 2nd sink drainer and washing machine
Bathroom - Over bath electric shower, wash hand basin and WC.
FIRST FLOOR
Bedroom 3 - front left hand - 10m2
Bedroom 4 - front right hand - 11m2 room includes space into the bay window
Bedroom 5 - rear main - 12m2
FIRST FLOOR REAR ADDITION
Bathroom - over bath electric shower, wash hand basin and WC.
Bedroom 6 - 10m2
Bedroom 7 - 10m2
External
Front yard and porch way to front door
Rear garden
Schedule of rent at the time of listing
All rooms let at £85 per week bills inclusive
Room 4 currently empty
Current Gross Income per week £510, potential when fully let £595 pw
Current Gross Income per annum £26,520, potential when fully let £30,940

Gross Yield 12.05% , Potential Gross Yield when fully let 14.06%

Key property features:

  • Investment Property
  • 7 bedroomed HMO Property
  • Rents correct at time of listing
  • Potential Gross Yield 14
  • 06%
  • Potentiial Gross Rental Inc £30
  • 940
  • HMO License
  • Historic ASTs available in order to prove permitted rights to be used as HMO as per Art. 4 Directive

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