Hull - 12% Below Market Value - Readymade and Income Producing 5 Bed HMO - Click for more info

Hull, East Yorkshire
£219,000.00

Property Investors App

Posting for 2+ years

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propertyinvestorapp.co.uk

Property Investors App

Posting for 2+ years

See all ads

Contact Property Investors App


propertyinvestorapp.co.uk
Posted
5 hours ago
Seller type
Agency
Property type
House
Number of bedrooms
5

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

12% Below Market Value
Readymade and Income Producing 5 Bed HMO
Park Grove, Princes Avenue, Hull, HU5 2UR
Purchase Price = £219,000
Market Value = circa £230,000 - £250,000
Finder’s Fee = £4,000 + Vat
Current Gross Income = £2,165 pcm = £25,980 per annum
CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £1,032 pcm = £12,384 per annum
Self Managed = £1,292 pcm = £15,504 per annum
For a limited time only, we have managed to secure a readymade and income producing 5 bed HMO within close proximity to Hull City Centre.
The property was renovated less than 2 years ago were £60,000 was spent in the property.
The property comprises of 5 bedrooms and 6 bathrooms (see the floor plan in the pictures gallery).
The property is furnished and fully tenanted achieving £25,980 per annum. It is also fully licensed in an Article 4 area.
Hull Free Port will create thousands of jobs and benefit the area massively which is meant to increase the prices of properties in the years to come.
The property is conveniently located and offer access to a good offer of pubs, restaurants, gyms, great transport connections, hospital, primary schools and all local amenities the city has to offer.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1410365705


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