Near-university 4-bed HMO with an income-producing shop and strong rental upside.
Ground-floor shop let at £800 pcm, provides immediate commercial income
A compact mixed-use investment in a busy student corridor, this end-terrace presents immediate income from a ground-floor shop plus strong letting potential upstairs. The shop is currently let at £800 pcm, and the first-floor four-bedroom HMO is set up for student occupation with fully furnished rooms. Positioned a two-minute walk from the University of Hull, the location supports high demand and easy re-letting.
The building is solid brick (pre-1930 construction) with double glazing installed after 2002 and gas central heating via boiler and radiators. The property sits on a small plot with modest overall floor area (1,098 sq ft) and provides good rental maths: potential combined income around £27,840pa and an indicative yield of about 11.1% at the asking price of £250,000.
Buyers should note a single bathroom serves four bedrooms and the HMO is currently vacant, so initial letting work and marketing will be needed. There is assumed no wall insulation (solid brick as built) and a medium flood-risk rating; both factors could affect operating costs and insurance. Council tax is very cheap, and local amenities, transport links and nearby schools add neighbourhood resilience for long-term letting.
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