5 bed terraced house for sale

May Street, Hull HU5

***Guide Price £130,000 - £140,000 plus Reservation Fee***

Introducing a lucrative investment opportunity! This well-appointed 5-bed House in Multiple Occupation (HMO) comes with a valid license and an impressive rental history dating back to 2011, solidifying its status and usage.

Key Features:

HMO License in Place: Compliance is key, and this property boasts a valid HMO license, ensuring adherence to regulatory standards.

Proven Rental Success: With rental history dating back to 2011, this property has delivered reliable returns.

Substantial Rental Income: Generating an annual rent of approximately £22,000, this HMO property commands a substantial income stream.

Exceptional Gross Yield: Achieving an impressive gross yield of nearly approximately 15% before bills, this investment stands out for its financial performance.

Spacious Accommodation: The property offers five well-proportioned bedrooms, providing comfortable living spaces for tenants.

Strategic Location: Ideally situated for tenant appeal, with convenient access to amenities, public transport, and local services.

Turnkey Investment: An investor's dream, with a reliable income stream and all the necessary licensing in place, making it a hassle-free addition to your portfolio.

Seize the opportunity to add this high-performing HMO property to your investment portfolio. Whether you're a seasoned investor or exploring your first venture, the combination of a proven track record and impressive financial metrics makes this property a standout choice. Schedule a viewing to unlock the full potential of this lucrative investment.

Fees, Exclusivity & Disclaimer
Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.

Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, such as:

The seller withdrawing from the sale
A chain collapsing beyond the Buyer’s control
Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.

Exclusivity:
Upon payment of the Reservation Fee, rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.

Buying Process:
Register your interest
Prepare your finances
Arrange a viewing
Make an offer
Secure the sale via our secure system
Exchange and complete
Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.
Buyers must verify their id and provide proof of funds as part of our compliance process.
rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.
While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.

Stamp Duty (sdlt):
Not all property purchases are subject to sdlt. Liability depends on factors such as purchase price and buyer position. Buyers should seek advice from a solicitor or tax adviser to confirm whether sdlt applies and how much may be payable.

rezee’s Approach:
Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.