The subject property is located on Melwood Grove 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 the 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 5 individuals for an average of £240 pcm per room.
To the ground floor there is a good sized comunal kitchen / dining area with window to the rear elevation, and a good range of base and eye level units, two free standing ovens and hob, part laminate flooring and Upvc windows to the side allowing lots of natural light and a door leads to the rear yard with a cycle shelter
There are two bedrooms 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.
The property also benefits from a combination boiler, UPVC double glazing and ample on street unrestricted parking.
The property has also undergone all the necessary safety requirements and is fitted with firedoors throughout.
Total 107m2 1152ft2
Approx. gross internal floor area
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 five good long term femail tenants who wish to remain in the property for the foreseeable future. They each pay £240 pcm on an AST basis including bills, this equates to £14,400 pa representing a gross yield of 13.71%.
The property is freehold
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
16 Melwood Grove
✓ 5 Room HMO
✓ Good rental location
✓ Semi Detached
✓ Excellent buy to let
✓ Currently let at £14,400 pa
✓ Gross yield 13.71%
✓ Council Tax Band A (£980.31 pa)
Phone: 0115 970 6060
Our Ref: PR280