5 bedroom house for sale

Overview

The house is sold with all of the furniture and appliances in place, including a wall-mounted TV in the lounge; all rooms have a built-in desk and shelves to assist tenants with their studies

We believe this property works best with a mortgage at 75% LTV or less based on a mortgage interest rate of 6%. A five bedroom, two bathroom mid-terrace house located just off Clough Road. The property is generally in good condition but would benefit from some refurbishment works, due to age and wear and tear. The property is located on Clough Road a main road that leads onto Cottingham Road where the University is situated (under 1km from door to door), and as such it is well placed to continue as a successful investment for years to come. The property is fully let as an HMO to five students on a fixed tenancy through to 30th August 2024. It is now also being marketed for the 1st September 2024 academic year. Being sold as a going concern, the buyer will purchase this ready-made investment complete with tenants and furnishings (sold as seen). The property is a traditional mid-terraced fore-courted property with a bay window to the ground floor. Built in yellow brick with the addition of a small porch having been added in more recent years. Inside the accommodation extends to approximately 1,130 square feet and comprises of entrance hall, a double bedroom with a bay window overlooking the front fore-courted garden, a communal lounge leading through to the fitted kitchen and bathroom, and rear access beyond. The first floor is taken up with four further bedrooms and a shower room. Three of the five bedrooms also benefit from vanity units in the room. The colour scheme throughout is neutral and sure to appeal to all prospective tenants. The house is sold with all of the furniture and appliances in place, including a wall-mounted TV in the lounge; all rooms have a built-in desk and shelves to assist tenants with their studies. The property is heated via an 'Ideal' gas combi-boiler, benefits from UPVC double glazing, and has a Grade D interlinked fire detection system. Externally the plot is of a good size (approx 0.03 acres) with a graveled forecourt to the front, enclosed yard to the rear with shared pedestrian access from the side street (Worthing Street). The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong. This property was converted prior to the implementation of the A4 and the seller can provide supporting evidence. The current owner holds an HMO licence for the property and has confirmed that the property met with all of the conditions of the licence. Please note that while a HMO licence is valid for 5 years, they are not transferrable and follow the person not the property - a new licence is required upon transfer of ownership. To receive a copy of the comprehensive brochure please register on our buyers database - visit our website to complete the buyers registration form. Buyers premium of £4,350 + VAT - payable in two parts: - A non-refundable reservation fee of £1,500 plus VAT - The balance is due upon legal completion (which is collected and paid by the buyers solicitor) For more details and to contact: https://realtyww.info/houses_hull-d196390/for-sale_i69822861

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