- Fully licensed 5-bed HMO with 15.88% gross yield
- Newly refurbished; modern kitchen and two contemporary bathrooms
- Close to University of Hull and Newland Avenue amenities
- Three rooms currently let; two rooms marketed and vacant
- Small overall plot and compact property footprint
- Located in a very deprived area with very high crime rates
- Double glazing pre-2002; likely no cavity wall insulation
- Low flood risk; freehold tenure and very cheap council tax
A licensed, newly refurbished 5-bedroom HMO in HU5 offering an unusually high 15.88% gross yield — a turnkey investment aimed at buy-to-let portfolios targeting students and young professionals. The property is just off Newland Avenue and within walking distance of the University of Hull, giving reliable local demand and easy re-let potential. Two modern bathrooms, an open-plan kitchen/living area and contemporary finishes reduce immediate capital expenditure.
The HMO licence and current lets provide income from day one; three rooms are currently producing rental income and two are marketed and ready to let, so a new owner can stabilise occupancy quickly. Gas central heating, double glazing and integrated kitchen appliances add to tenant appeal and keep management straightforward.
Buyers should weigh the material drawbacks: the house sits in a very deprived area with very high crime levels, which can affect tenant mix, void risk and insurance costs. The building is a mid-terrace solid brick property (c.1900–1929) likely without cavity wall insulation and has double glazing installed before 2002 — future energy-efficiency works may be needed to meet changing standards and tenant expectations.
Overall this is a compact, income-focused HMO investment: strong yield and location benefits counterbalanced by local area challenges and likely medium-term maintenance or retrofit costs. Suitable for investors comfortable managing HMO risks in a high-demand but high-deprivation urban market.
