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Hull Paragon 1.4 miles5 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.
