£259,995 /Sale price

This End Terraced house on Morrill Street in Hull is currently configured as a 6-bedroom House in Multiple Occupation (HMO) and is fully occupied. It generates a rental income of £2725 per calendar month, offering a solid return for investors. The property has recently been renovated to a high standard, ensuring it is appealing to tenants and requires minimal immediate maintenance. The property features two bathrooms and an additional W/C, providing ample facilities for the current occupants. There is potential to increase the number of bedrooms to seven, subject to planning approval, which could further enhance rental income and investment returns. The projected return on investment stands at an impressive 13.3%, making it a compelling option for those looking to expand their property portfolio. Located in the HU9 area of Hull, the area is known for its vibrant community and convenient access to local amenities and transport links. The property comes with no chain, allowing for a smoother purchasing process. *A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information...