Summary - 59 WELLESLEY AVENUE HULL HU6 7LN
5 bed 2 bath House Share
Ideal for landlords seeking strong student rental yield near university.
- Freehold five-bedroom HMO with two bathrooms
- Previously achieved circa £25,000 gross annual income
- Vacant now; requires renovation and licence works (approx. £5,000)
- High flood risk — may affect insurance and mitigation costs
- Modern fitted kitchen and generous communal ground floor
- Small plot with compact forecourt and modest rear garden
- Excellent mobile signal and fast broadband for tenants
- Located in a student-dominated, cosmopolitan neighbourhood
A mid-terraced, freehold five-bedroom house share on Wellesley Avenue designed for rental demand in a student-focused neighbourhood. The property includes two bathrooms and a long open-plan communal ground floor with a modern fitted kitchen, offering easy management and tenant appeal.
The house is vacant and requires renovation and licensing works estimated at circa £5,000 to satisfy HMO conditions. There are visible period features and high ceilings that add character, but remedial and cosmetic works are needed to bring all rooms up to letting standard.
This location consistently attracts student tenants and the property has previously achieved approximately £25,000 gross income per year. Fast broadband and excellent mobile signal support modern tenant expectations. Buyers should note the site has a high flood risk and a small rear/forecourt plot, factors to consider for insurance and longer-term maintenance.
For an investor prepared to complete the modest licence works and carry out refurbishment, this freehold HMO offers immediate re-let potential and scope to restore period character while benefiting from strong local rental demand.
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