Immediate income property with refurbishment potential for experienced investors.
Fully licensed five-bedroom HMO generating ~£32,000 pa (approx. 14% gross return)
Close to transport, shops and several highly rated local schools
Victorian bay-fronted terrace with period brickwork and character features
Mixed internal condition: some rooms modern, exterior looks unkempt and needs work
Small frontage and likely compact rear plot typical of city terraces
Area classified as very deprived with very high crime — affects insurance/management
Medium flood risk — may affect insurance and repairs costs
Sold freehold; currently fully tenanted (tenancy details to verify)
This Victorian mid-terrace offers a clear investment opportunity as a fully licensed five-bedroom HMO in HU9. The property spans 1,324 sq ft with five en-suite rooms and is sold freehold, currently producing over £32,000 pa (approx. 14% gross return). Its inner-city location delivers excellent transport links, local shops and nearby highly rated schools that support steady rental demand.
The exterior shows period brickwork and a bay window but needs external and cosmetic attention—images describe an unkempt frontage and fixer-upper condition. Internally some rooms and the bathroom/kitchen areas are reported as well-presented and modern, but the property is described overall as requiring work and ongoing maintenance in places.
Buyers should note material risks plainly: the area scores as very deprived with very high crime and a medium flood risk. The plot and frontage are small and the property sits in a constrained rental market class. These factors affect insurance, management costs and tenant turnover, and they should be factored into yield calculations.
For experienced landlords or investors seeking an HMO with immediate income, this house is attractive for its current tenancy and licensed status. For less-experienced buyers, the combination of local area challenges, maintenance needs and environmental risk suggests caution and a full due-diligence survey before purchase.
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