3 bed semi-detached house for sale

Suffolk Street, Hull HU5

Suffolk Street, Hull, Hu5 1Pj Guide Price £130,000

Guide price £130,000

This four bedroom house of multiple occupation is a ready-made investment, currently generating a gross annual income of £20,800 and offering a strong 16% yield. All rooms are tenanted, and the property is managed by A professional letting agent, who can continue after the sale for a smooth handover. The house includes a communal lounge, spacious kitchen/diner, and shared bathroom, with low maintenance front and rear gardens. Situated in a popular location close to local amenities and transport links, this property is well-suited for investors seeking reliable returns.

Our Thoughts:
As an agent, I am pleased to present this fully let four bedroom HMO, which stands out as a solid investment opportunity. The property is already generating a strong income and is managed by a professional letting agent, ensuring a straightforward transition for any buyer. Each of the four bedrooms is currently occupied, and the communal areas, including the lounge and kitchen/diner, are well-maintained and practical for shared living. The property’s location is a real advantage, with easy access to shops, transport, and local services, making it attractive to tenants and helping to maintain high occupancy rates. This is a turnkey investment that would make a valuable addition to any portfolio.

Owners Thoughts:
We have found this property to be a reliable source of income, with all four rooms consistently let. The tenants appreciate the spacious communal areas and the convenience of being close to local amenities and transport links. The low maintenance gardens at the front and rear have made upkeep easy, and the house has always attracted interest from potential tenants. We are confident that this property will continue to perform well for its next owner.

Tenure
The property is freehold.

Council Tax
Council Tax is payable to the Kingston Upon Hull Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band A.*

Fixtures & Fittings
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

Disclaimer
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Viewings
Strictly by appointment with the sole agents.

Mortgages
We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Newland Avenue office. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Valuation/Market Appraisal:
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