Aug 13 • General discussion
One of 3 our bargain HMOs
🏠 5 Bed Terraced
Location: St. Georges Road, Hull, HU3 3QE
Asking Price: £130K
BMV: 9.8%
Ownership: Freehold
Strategy: HMO (BRRR)
Bathrooms: 5
Occupancy: Vacant
Article 4 Status: Located outside Article 4 area
💰 Rental Income
Room 1 Rent = £433
Room 2 Rent = £433
Room 3 Rent = £433
Room 4 Rent = £433
Room 5 Rent = £433
Total Monthly Rent: £2,165
Total Annual Rent: £25,980
📊 Investment Figures
- Expected Gross Yield: 19.98%
- Refurbishment Required: £20k (builders’ quote available upon request)
✅ 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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