7 bed terraced house for sale

Peel Street, Hull HU3

Description

Modern Method of Auction: Three-story, 7-bedroom terraced HMO with tenants in situ, two bathrooms, and communal living/kitchen areas. Current monthly rental income: £2,627. Approx. Ideal for investors.

This three-story terraced property on Peel Street, Hull, is a prime investment opportunity with a fully tenanted 7-bedroom HMO. The property features two bathrooms, a communal kitchen, and a shared living area, providing practical, comfortable accommodation for tenants.

*please note*
The property provides a combined kitchen and conservatory communal area of approximately 25.37m2. Interested parties requiring finance should make their own enquiries with their proposed lender prior to any viewings being booked in, as lending criteria for HMOs can vary and previous lending applications on the property have raised queries regarding communal accommodation.

Current monthly rental income per room:

Room 1: £369

Room 2: £355

Room 3: £347

Room 4: £350

Room 5: £390

Room 6: £340

Room 7: £477

Total monthly income: £2,627

TV Licence. £14.95
Octopus Energy £400.00
Council Tax £121.00
Internet £41.50
Yorkshire Water £26.00

Located close to local amenities and transport links, this property offers immediate rental income and a low-maintenance investment opportunity.

Key Features:

7-bedroom HMO with tenants in situ

Three-story terraced property

Communal kitchen and living area

Two bathrooms

Monthly rental income: £2,627

Ideal for investors
EPC - D



This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Council Tax Band: A (East Riding Council Tax)
Tenure: Freehold