4 bedroom house in Lambert Street, Hull

Description

5 Year Lease Option - Readymade and Income Producing

4 Bedroom Mid Terraced House with potential to run as 4 Bedroom HMO

Lambert Street, Hull, HU5 2SH

Rent to Landlord = £200 pcm

Purchase Price Within 5 Years = £108,000

Upfront Payment Required = £15,000

Finderâ--s Fee = £4,000 + Vat

Current Gross Income = £1,000 pcm = £12,000 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £420 pcm = £5,040 per annum

Cashflow Over 5 Years = £25,200

Self Managed = £540 pcm = £6,480 per annum

Cashflow Over 5 Years = £32,400

For a limited time only, we have managed to secure a readymade and income producing three bedroom mid terraced house within proximity to Hull City Centre.

The property is currently running as a four bedroom HMO and being rented by students on a single AST. It doesnâ--t have a licence as the owner was not aware if he needed the licence or not.

The property could also be used as a single family let or could be converted into two bedroom flats.

The property is situated in a perfect location close to great transport connections, City Centre, local shops, and all local amenities.
Agent: Property Investor App Limited
Agent Ref: 000061020_156

Ad ID: 1427484002