6 bedroom house share for sale

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6 bedroom house share for sale

De Grey Street, Hull
£205,000

Price History

Initial price £235,000
06/11/24 £225,000
03/12/24 £215,000
11/01/25 £205,000
Price Change -12.77%

Description

This 6-bedroom HMO property in Hull's popular student area is an investment opportunity that offers a gross income of circa £29,100 per annum, generating a 14.5% yield. The property, which is freehold under "tenure", features a large lounge, kitchen with ample storage, six large double bedrooms, two bathrooms, and a south-facing rear garden. With seven rooms let, the property could produce an annual gross income of £33,900, yielding 15.8%. The property is located in a desirable area, next to Newland Avenue and within walking distance of Hull University, making it an attractive investment for anyone looking to capitalize on the city's student population.