Summary -
75, Park Grove,Princes Avenue,HULL,HU5 2UR
HU5 2UR
5 bed 5 bath Terraced
Turn-key 5-bedroom HMO with 13% gross yield near university and park — flood risk and high crime noted.
Five double en-suite rooms, fully furnished HMO
HMO planning approval granted and fully licensed
Gross rent £29,184; approx. 13% gross yield
Victorian terraced house close to university and park
Modern fitted kitchen; double glazing; fast broadband
High flood risk — impacts insurance and mitigation costs
Very high local crime; area classed very deprived
Small rear garden and limited external space
An established Victorian terraced property on Park Grove, offered as a five-double en-suite HMO with HMO planning approval and full licensing in an article area. Currently fully furnished and occupied by five working professionals, the house produces advertised gross rent of £29,184 (approx. 13% gross yield at the asking price), making it a clear cashflow opportunity for investors seeking an income asset close to the city centre.
The location sits on Princes Avenue close to Pearson Park, bars, cafes, Hull University and Hull Royal Infirmary — strong demand generators for lettings. The property benefits from a modern fitted kitchen, double glazing, good mobile signal and fast broadband, and freehold tenure with very low council tax costs.
Buyers should note material downsides: the property sits in a high flood-risk area, the immediate neighbourhood records very high crime and the wider locality is classed as very deprived. The plot is small and the property is a terraced, two-storey Victorian house, so external space and extension potential are limited. These factors affect insurance, management and tenant mix considerations.
This is most suitable for investors or landlords experienced with HMOs and city-centre lettings who can factor higher running costs, insurance premiums and management needs associated with flood risk and local area challenges. For the right buyer it is an income-producing, turn-key HMO with immediate occupancy and rental history; for others it requires careful risk appraisal before purchase.
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