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Property Investor - Wolverhampton - Ref: 156

4 bed Bedroom property to rent in Hull, 4
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4 bed House of Multiple Occupation to rent.

Lambert Street, Hull

£200 pcm

Nearest stations

  Hull Paragon  1.4 miles
  Cottingham  2.4 miles
  New Holland  4.3 miles

Property Information

Ref ID: 156

Date available:

Furnishing: Not Specified

Property type: House of Multiple Occupation

 

Details

5 Year Lease Option - Readymade and Income Producing

4 Bedroom Mid Terraced House with potential to run as 4 Bedroom HMO

Lambert Street, Hull, HU5 2SH

Rent to Landlord = £200 pcm

Purchase Price Within 5 Years = £108,000

Upfront Payment Required = £15,000

Finderâ--s Fee = £4,000 + Vat

Current Gross Income = £1,000 pcm = £12,000 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £420 pcm = £5,040 per annum

Cashflow Over 5 Years = £25,200

Self Managed = £540 pcm = £6,480 per annum

Cashflow Over 5 Years = £32,400

For a limited time only, we have managed to secure a readymade and income producing three bedroom mid terraced house within proximity to Hull City Centre.

The property is currently running as a four bedroom HMO and being rented by students on a single AST. It doesnâ--t have a licence as the owner was not aware if he needed the licence or not.

The property could also be used as a single family let or could be converted into two bedroom flats.

The property is situated in a perfect location close to great transport connections, City Centre, local shops, and all local amenities.

Disclaimer

Property reference 156. The information displayed about this property comprises a property advertisement. rentright.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rentright has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Property Investor - Wolverhampton.

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