7 bedroom terraced house for sale

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7 bedroom terraced house for sale

Ash Grove, Kingston upon Hull
£185,000

Price History

Initial price £220,000
29/10/24 £215,000
18/12/24 £185,000
Price Change -15.91%

Description

This exceptional 7-bedroom HMO property is a rare investment opportunity in a prime rental market. With a historic tenancy in place, the property is fully compliant with the Article 4 Directive and offers a potential gross income of £30,940 per annum with a gross yield of 14.06%. The property features seven spacious bedrooms, two full bathrooms, a large living/dining room, and a well-equipped kitchen. It is fully furnished and has UPVC windows, gas central heating, and a mains-wired fire detection system. The property is structurally sound and offers significant scope for refurbishment to maximize rental income and property value. With a reduced price of £185,000, this is an excellent chance to acquire a lucrative investment property with a high potential return on investment.