Summary - 42, Ryde Street, HULL HU5 1PB
5 bed 2 bath House of Multiple Occupation
Immediate rental income in HU5 — strong yield but auction sale and area risks.
5 double bedrooms arranged as licensed HMO, provides immediate rental income potential
Market rent £1,950 pcm (bills included); gross yield ~15.6%
Sits in Article 4 area; converted to HMO before restrictions (evidence available)
Sold at auction — buyers’ fee 3% + VAT; reservation fee and completion balance apply
Area has very high crime and very high deprivation — increased management risk
Small overall footprint (853 sq ft) and small plot; compact communal areas
Complies with current fire regulations; alarm and fire blanket installed
Some rooms furnished; modern shower room and practical kitchen finishes
A compact five-bedroom HMO in HU5 offering strong rental performance and immediate income potential. Market rent is estimated at £1,950 pcm (bills included), giving a gross yield of 15.6% and an indicative ROI of 11.1% based on the supplied financing assumptions. The property complies with current fire regulations and benefits from large, naturally bright rooms, high ceilings and practical communal living spaces.
Built as a Victorian mid-terrace, the house has been adapted for multi-occupancy prior to the Article 4 restriction; the seller can provide supporting evidence. Low-maintenance garden and modest external storage suit tenant use. Internal finishes are a mix of modern fittings (herringbone kitchen floor, contemporary shower room) with simple, tenant-ready furnishings.
Buyers should note material sale details and local risks: the lot is being sold at auction and a buyers’ fee of 3% + VAT applies (non-refundable reservation fee arrangements also apply). The property sits in an area with very high crime and very high deprivation, factors that may affect tenant profile, management requirements and capital growth.
This is a hands-on, income-focused asset for investors who accept active management and let-to-let realities. It suits buyers seeking immediate rental income and predictable cashflow, but it is not a low-risk, hands-off buy-to-let in a low-deprivation area.
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