Summary - 22 MAY STREET HULL HU5 1PQ
4 bed 1 bath Terraced
Ready-made four-bed income property with immediate occupancy and strong yield.
Gross annual income approx. £21,270, circa 14.5% gross yield
A ready-made four-bedroom HMO offering immediate rental income in a sought-after Beverley Road pocket of Hull. The property currently produces approximately £21,270pa, giving a gross yield of around 14.5%, and benefits from a lawful development certificate for use as a 4-bed HMO. It was fully occupied at the time of listing and is described as well presented and in good condition internally.
This mid-terrace Victorian townhouse (c.1900–1929) has period character, double glazing, gas central heating and a small rear garden. The solid-brick construction provides longevity but likely lacks cavity insulation, which should be considered when budgeting for longer-term maintenance or energy upgrades. The house has one bathroom serving four letting rooms and a compact overall footprint (around 1,054 sq ft).
Important location and risk notes: the property sits in an urban cultural-mix area with strong rental demand from students and professionals and excellent transport and local amenities. However, the neighbourhood records very high crime levels and is in a very deprived area; prospective buyers should weigh this against rental returns and carry out local checks.
Sale terms include a non-refundable Reservation Fee of 2% of the purchase price (minimum £2,500 + VAT) on acceptance of an offer, which grants a fixed 90-day exclusivity period. Buyers are advised to review the Ready Sale Pack, inspect the property, verify compliance documentation, and commission their own surveys and legal checks before committing.
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