Summary - 8 ASH GROVE HULL HU5 1LU
7 bed 2 bath Terraced
**Standout Features:**
- 7-bedroom HMO property with current vacancy
- Potential gross rental income of £30,940 per year — a gross yield of 14.06%
- Fully compliant with HMO regulations (HMO License and Article 4 Directive)
- Two full bathrooms and a spacious 21m² communal living/dining area
- Gas central heating, UPVC double glazing, and a mains-wired interlinked fire detection system
- Freehold tenure and chain-free status
**Key Concerns:**
- Requires renovation to maximize rental income and property value
- Located in an area with high crime and deprivation
**Summary:**
Seize this exceptional investment opportunity with a spacious 7-bedroom mid-terrace House in Multiple Occupation (HMO) in the vibrant HU5 postcode. Currently vacant, the property is fully compliant, offering immediate rental potential with historical ASTs to support its HMO use. Featuring a large, open-plan living/dining room and a well-equipped kitchen with dual cooking facilities, this setting suits a communal living arrangement. Each bedroom boasts ample natural light, with the largest one at 17m² presenting options for ensuite conversion.
While the property requires some renovation to enhance its value and appeal, its solid structure and existing amenities lay a strong foundation for redevelopment. This is a unique chance to invest in a prime rental market known for its cosmopolitan student community, making it ideal for long-term returns or short-term rental strategies. Act swiftly to secure a competitive price and capitalize on the potential for substantial rental income!
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