5 bed terraced house for sale

Somerscales Street, Hull HU2

Guide Price £160,000 - £170,000 plus Reservation Fee

This five bedroom fully licensed HMO presents a high-yielding investment opportunity, supported by a Certificate of Lawful Use, ensuring the property is fully compliant with Article 4 planning restrictions. The property is fully let at the time of marketing, generating a healthy gross annual income of £25,716, delivering an approximate gross yield of 16.1% based on the guide price.

Well positioned just off Beverley Road, the property is within walking distance of Hull City Centre, St Stephen’s Shopping Centre, and Paragon Station, making it an extremely attractive proposition for tenants and investors alike. With strong historical demand, excellent transport links, and immediate income from day one, this is a turnkey buy-to-let investment in a proven rental hotspot.

Key Features
Five bedroom fully licensed HMO
Certificate of Lawful Use (Article 4 compliant)
Gross income of £25,716 per annum
Approx. 16.1% gross yield
Fully let at the time of listing
Prime Beverley Road location
Walking distance to city centre & transport links

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’s 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.