Summary - 12, Argyle Street DN14 5EW
8 bed 1 bath Commercial Property
**Standout Features:**
- Recently renovated HMO with 8 letting rooms, each with en-suite bathrooms
- Current annual rental income: £60,780
- Attractive 12.66% rental yield with potential for rent increases
- Fully occupied with high demand for room lets in the area
- Ground floor commercial space leased to a bridal shop
- Central heating and modern communal kitchen/laundry facilities
- Excellent mobile signal and fast broadband speeds
- EPC Band B; exceptional internal and external condition
**Notable Concerns:**
- Located in a transitional Eastern European neighborhood with high crime rates
- Construction dating back to 1900-1929; solid brick walls with no insulation
- Small plot size and overall property size may limit certain buyer preferences
This recently renovated HMO represents an exceptional investment opportunity in a high-demand area of East Yorkshire, with a solid track record of occupancy and significant potential for future rental income increases. With eight modern letting rooms and a ground floor retail unit generating a combined annual income of £60,780, you can capitalize on the current 12.66% rental yield.
Set close to Goole Docks and the picturesque River Ouse, the property is perfectly positioned to attract tenants from local industries and workers in the area. While the neighborhood is experiencing transitional changes, and crime levels are high, this could present a unique opportunity for the savvy investor to gain a foothold in a developing market.
Ideal for investors looking to maximize their rental portfolio, this property is in exceptional condition and is ready for immediate income generation. Don’t miss the chance to secure this investment in a promising location where demand for room lets continues to rise!
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