Aug 13 β’ General discussion
One of 3 our bargain HMOs
π 5 Bed Terraced
Location: St. Georges Road, Hull, HU3 3QE
Asking Price: Β£130K
BMV: 9.8%
Ownership: Freehold
Strategy: HMO (BRRR)
Bathrooms: 5
Occupancy: Vacant
Article 4 Status: Located outside Article 4 area
π° Rental Income
Room 1 Rent = Β£433
Room 2 Rent = Β£433
Room 3 Rent = Β£433
Room 4 Rent = Β£433
Room 5 Rent = Β£433
Total Monthly Rent: Β£2,165
Total Annual Rent: Β£25,980
π Investment Figures
- Expected Gross Yield: 19.98%
- Refurbishment Required: Β£20k (buildersβ quote available upon request)
β
Key Points
- Off-Market Opportunity
- 9.8% Below Market Value
- Strong projected yield close to 20%
- Located outside Article 4, offering more flexibility for HMO use
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One of 3 our bargain HMOs
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