5 bed terraced house for sale

Peel Street, Hull HU3

32 Peel Street, Hull, HU3
five-bedroom HMO – fully tenanted – immediate rental income
Asking Price: £165,000

An excellent investment opportunity offering an attractive potential gross rental yield of approximately 12.7%–14.5%.

Situated in the popular HU3 area of Hull, this well-presented five-bedroom House in Multiple Occupation (HMO) offers investors the opportunity to acquire an established rental property with tenants already in situ, providing immediate rental income upon completion.

The property has successfully operated as an HMO for approximately 10 years and is located in an established rental area, conveniently positioned for Hull city centre, local amenities, transport links and educational facilities.

Potential Rental Income
Based on rental income of £350–£400 per room per calendar month:

Monthly rental income: £1,750–£2,000
Annual rental income: £21,000–£24,000
Potential gross rental yield: 12.7%–14.5%
Figures are based on all five rooms being occupied at the stated rental rates and an asking price of £165,000. Gross yields are calculated before running costs, maintenance, management fees, void periods and other expenses.

Key Investment Features
Five-bedroom HMO
Fully tenanted and sold with tenants in situ
Immediate rental income upon completion
Established HMO operating for approximately 10 years
HMO licence in place
Attractive potential gross rental yield
Popular and established HU3 rental location
Well-presented accommodation throughout
Excellent addition to an investment portfolio
Important Information
The property holds an HMO licence; however, HMO planning permission is not in place. Prospective purchasers are advised to undertake their own enquiries regarding planning status and permitted use.

Calling All Investors and Landlords!
Looking for your next income-generating investment?

With tenants already in place, an established rental history and attractive potential returns, 32 Peel Street could be the investment opportunity you've been waiting for!