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7 bedroom terraced house for sale
Ash Grove, Kingston upon Hull
£185,000
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.