£110,000

3 bed property for sale

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  2.  25 Melbourne St Kitchen.Jpg
  3.  25 Melbourne St Livingroom.Jpg
Freehold

£110,000

(£122/sq. ft)

3 bed property for sale

Melbourne Street, Hull HU5

3 beds
1 bath
1 reception
905 sq. ft
EPC rating: C

Key Information

Tenure:
Freehold
Council tax band:
A

Local area information

Property location

Nearby amenities

  • Sidmouth Primary School 0.2 miles
  • St Vincent's Voluntary Catholic Academy 0.3 miles
  • Hull 1.5 miles
  • Cottingham 2.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
Investment Opportunity: 3-Bedroom Student Property

Location: Close to universities and essential amenities.

Property Features:

3 Well-Proportioned Bedrooms: Spacious and comfortable rooms designed to meet student needs.
Modern Kitchen: Fully equipped with contemporary appliances and ample storage space.
Living Area: A cozy communal space for socializing and relaxing.

Rental Income: £13,680 per annum
Gross Yield: A solid 12.43% pa, offering a reliable return on investment.
Council Tax Band: A, providing low annual council tax expenses.
Energy Performance Certificate (EPC) Rating: C, indicating good energy efficiency and lower utility bills.

Location Benefits:

Conveniently located only a 5 minute walk to Hull University, ensuring a steady stream of potential tenants.
Close to shops, cafes, restaurants, and recreational facilities, enhancing the living experience for students.
Excellent public transport connections, including bus routes and train stations, for easy access to the city and beyond.

Investment Advantages:

Consistent Demand - Situated in a sought-after student area, ensuring high occupancy rates throughout the academic year.
Future Growth Potential: The thriving student population and ongoing developments in the area suggest potential for future capital appreciation.

Additional Information:

Furnished: The property comes fully furnished, ready for immediate tenancy.
Management Services Available: Professional property management services can be arranged by us, ensuring hassle-free investment.

Why Invest?

Steady Yield: Achieve a dependable gross yield of 12.43% per annum
Stable Income: Generate reliable rental income with consistent demand from students.
Prime Location: Benefit from a property located in a prime student area, ensuring long-term desirability and high occupancy.

There are some planning applications within 0.5 miles of this home

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Floor plans and tours

Floor plans (1)

1 floor plan available

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Tours

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  1. Zoopla
  2. For sale
  3. East Riding of Yorkshire
  4. Hull
  5. Melbourne Street

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