The subject property is located on Ryde Street in the popular Beverley Road area of the city of Kingston upon Hull.
Nearby amenities include various supermarkets, and a wide range of independent retailers.
Hull University is close by and as such there is large demand for student accommodation within the immediate vicinity.
Hull has been elected as European City of Culture for 2017 and as a result has undergone a series of improvements attracting various new employers to the region including Siemens opening of a new £160m wind turbine facility.
A large terraced property, currently let to 4 individuals for an average of £250 pcm per room.
To the ground floor there is a good sized comunal lounge with window to the rear elevation, a shared kitchen with a good range of base and eye level units, integrated double oven and hob, tiled flooring and Upvc windows to two side allowing lots of natural light and a patio door leads to the well tendered rear garden.
There is one bedroom located on the ground floor and three further bedrooms located upstairs. There is also a family bathroom with white three piece suite and over bath electric shower.
Total 87m2 936ft2
Approx. gross internal floor area
The property also benefits from a recently fitted combination boiler, UPVC double glazing and ample on streen unrestricted parking.
The property has also undergone all the necessary safety requirements and is fitted with firedoors throughout.
We understand the property has mains connections to gas, electricity, water and drainage.
The current owner has been very specific when choosing the right tenants for this property as he will only accept the employed with no DSS. As a result he has managed to secure four good long term tenants who wish to remain in the property for the foreseeable future. They each pay £250 pcm on an AST basis including bills, this equates to £12,000 pa representing a gross yield of 12.63%.
The property is freehold
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
77 Ryde Street
✓ Four room HMO in good rental location
✓ Currently let at £12,000 pa
✓ Gross yield of 12.63%
✓ Excellent buy to let
✓ Council Tax Band A (£980.31 pa)
Phone: 0115 970 6060
Our Ref: PR278