Sold STC
£259,995
This property situated on Pendrill Street offers an exceptional opportunity for investors with a fully licensed 8-bedroom HMO, meticulously refurbished to a high standard. The property features 5 rooms with en-suites, 3 rooms with off-suites, and 4 rooms equipped with kitchenettes. With very high occupancy rates, it generates a rental income of £3,695 per month, making it an attractive investment with a remarkable ROI of 16.7%.
The property is ideally situated close to local shops, parks, and amenities, ensuring convenience for tenants. Schools in the vicinity provide additional appeal for tenants with families. Hull’s vibrant community and excellent public transport links enhance the desirability of this location, contributing to very high occupancy rates.
This freehold property represents a rare opportunity to invest in an ultra-affordable asset with impressive returns. Don't miss the chance to capitalise on this high-demand area – contact us today for more details.
*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information.
