Main image of 7 bedroom Mid Terrace House for sale, Princes Road, Hull, East Yorkshire, HU5
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£240,000 Asking price

7 bedroom Mid Terrace House for sale,
Princes Road, Hull, East Yorkshire, HU5

Steven Goforth  Branch Manager
Steven Goforth
Branch Manager and Valuer
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Features and Description

  • Substantial seven-bedroom HMO investment opportunity
  • Potential rental income of approximately £3,000 PCM
  • Approx. 15% potential gross yield at asking price of £240,000
  • Certificate of Lawful Use in place
  • Arranged over three spacious floors
  • Offered fully furnished with white goods included
  • Communal reception room and fitted kitchen
  • Prime HU5 location just off Newland Avenue
  • EPC Rating D
  • Council Tax Band A (Hull City Council)

Attention investors — this HU5 heavyweight is ready to get to work.

Positioned just off the ever-popular Newland Avenue and right in the heart of one of Hull’s strongest rental hotspots, this substantial seven-bedroom HMO offers a fantastic opportunity for landlords looking for serious income potential.

Currently vacant and ready to let, the property has the potential to generate around £3,000 PCM, producing an impressive potential gross yield of approximately 15% based on the asking price of £240,000 — a figure sure to catch the eye of seasoned investors and portfolio builders alike.

Spread across three spacious floors, the property is fully equipped and ready to go, with all furniture, fittings, and white goods included — ideal for anyone wanting a smoother route straight into the rental market. Better still, the property benefits from a Certificate of Lawful Use, offering added reassurance for prospective purchasers.

The accommodation briefly comprises an entrance hallway, two letting rooms, a communal reception room, and fitted kitchen to the ground floor. The first floor offers three further letting rooms together with a large shower room, while the top floor provides two additional letting rooms and a bathroom.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Princes Road, Hull, East Yorkshire, HU5

Additional Information

  • Property ref
    HUL260447
  • EPC
    D
  • Tenure
    Freehold
  • Council Tax
    A
  • Local authority
    Hull City Council
Steven Goforth  Branch Manager
Steven Goforth
Branch Manager and Valuer

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Reeds Rains Estate Agents Hull Newland

Hull Newland Branch Manager
Reeds Rains Hull Newland
79 Newland Avenue , Hull, HU5 2AL
Mon - Fri09:00 - 17:00Saturday09:00 - 13:00SundayClosed
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Borrowing £216,000 and repaying over 25 years with a 2.5% interest rate.

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.

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Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

62

Potential

79

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A