4 bed detached house for sale

Sharp Street, Hull HU5

Guide Price £110,000 - £120,000 plus Reservation Fee

Positioned in a highly sought-after location just off Newland Avenue, this four-bedroom HMO presents an excellent investment opportunity within one of Hull’s most popular student areas. With rental history dating back to 2013, pre-dating Article 4 planning restrictions, the property benefits from established use and a proven track record of consistent demand.

The property currently generates a gross rental income of approximately £16,111 per annum, making it a ready-made investment with immediate returns. The accommodation briefly comprises two ground floor bedrooms and a communal kitchen area. To the first floor are two further bedrooms and two bathrooms, offering practical and functional living arrangements suited to the student or professional rental market.

Located within easy reach of Hull University, the property sits in a vibrant area renowned for its strong rental appeal. Newland Avenue itself offers an excellent range of coffee bars, independent shops, supermarkets and restaurants, along with convenient public transport links providing access to the city centre and surrounding areas.

This is a fantastic opportunity to acquire a well-established HMO in a prime rental location with long-standing income history and continued demand.

Key Features:

Four Bedroom HMO
Rental History Since 2013 (Pre-Article 4)
Gross Rental Income Approx. £16,111 p.a.
Two Ground Floor Bedrooms
First Floor Bedrooms & Two Bathrooms
Established Student/Professional Let Location
Off Newland Avenue
Close to Hull University & Amenities
Reservation Fee Applicable – T&c’s Apply
Book Your Viewing Today!

Fees, Exclusivity & Disclaimer
Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% 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 buyers position. Buyers should seek advice from a solicitor or tax adviser to confirm whether sdlt applies to their purchase and how much they would have to pay.

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.