


Ref ID: 156
Date available:
Furnishing: Not Specified
Property type: House of Multiple Occupation
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.