Summary - 13 MAY STREET HULL HU5 1PQ
5 bed 2 bath Terraced
High-yield letting asset in central Hull with strong rental history.
- Licensed HMO in place for immediate compliant rental
- Annual rental income circa £22,000, strong historic occupancy
- Gross yield nearly 15% before bills
- Five good-sized bedrooms and two bathrooms
- Freehold Victorian mid-terrace, 1,363 sq ft
- Property shows external neglect; requires ongoing maintenance
- Solid brick walls likely uninsulated; energy upgrades may be needed
- Located in very high crime, very deprived area
A turnkey, licensed HMO in HU5 offering strong rental performance and immediate income for investors. The property generates approximately £22,000 pa with a gross yield close to 15% (before bills) and has a rental record back to 2011, making it a reliably let asset.
Accommodation comprises five well-proportioned bedrooms, two bathrooms and a modern kitchen within a traditional Victorian mid-terrace footprint. The building is freehold and benefits from double glazing and mains gas central heating; total size is about 1,363 sq ft on a small plot.
Notable negatives are plain and important: the house sits in a very high crime, very deprived area and shows signs of neglect externally, so tenant demand may require ongoing management. Walls are original solid brick with assumed no insulation, and some modernisation or remedial works may be needed to maintain standards and energy efficiency. A non-refundable Reservation Fee (2% min £2,500 plus VAT) applies on offer acceptance — buyers must do their own due diligence and review the Ready Sale Pack before committing.
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