Wellesley Ave, Hull
TU

Wellesley Ave, Hull

By Tulip Investment Sales

£ 240,000

Reviews

2 out of 5 stars

Tulip Investment Sales says ..

6 Bedroom HMO Investment property Currently let for academic year 2023/2024 Gross Rental Income £27,360 Gross Yield 11.40% pa Documented historic use as C4 HMO Rents correct at time of listing 6 bedroom and 2 bathrooms The property comprises: <...

Property Oracle says ..

This property, situated on Wellesley Ave in Hull, is presented as a six-bedroom HMO (House of Multiple Occupancy) investment opportunity. The listing highlights a strong rental income and significant gross yield. The property includes two bathrooms and appears to have recently undergone kitchen and bathroom renovations. The images showcase a modern, functional kitchen and relatively updated bathrooms. Bedrooms are simply furnished with basic amenities. The absence of information about the property’s square footage and garden size limits a comprehensive assessment. While the location in Beverley & Newland offers proximity to schools and transport links, including Hull train station, its relative location within the city and lack of detailed information necessitate caution. Investors should carefully assess the area’s market dynamics, tenant demand, and HMO regulations before making a decision. The provided rental income and yield figures should be independently verified. The lack of exterior photographs and specifics regarding the property’s size and outdoor space restricts the assessment of its overall value. The listed price of £240,000 should be evaluated in the context of comparable HMO properties in the area, considering the potential return on investment and management expenses.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
2
Bedrooms
6
Bathrooms
2

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
136,095.00 £
Increased by 6.30 %
from 128,027.00 £
Average area rental value
697.00 £/mo
Increased by 17.74 %
from 592.00 £/mo
Est rental Yield
6.15 %
Increased by 10.81 %
from 5.55 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Tulip Investment Sales marked this listing as sold.

  • Tulip Investment Sales created the listing.

Nearby Schools

NameTypeOfstedDistance
Newland St John'S Church Of England AcademyAcademy ConverterGood0.37 KM
Endsleigh Holy Child Vc AcademyAcademy ConverterGood0.40 KM
St Nicholas Primary SchoolAcademy ConverterGood0.56 KM
Lambert Children'S CentreChildren's Centre Linked Site1.03 KM
Sidmouth Primary SchoolAcademy Converter1.14 KM

Images

Kitchen 2.2.jpg Kitchen 1.7.jpg Bedroom 1.1.jpg Front of House.jpg Kitchen (2).JPG Living room 1.4.jpg Lounge (2).JPG RM2 (2).JPG RM3 (5).JPG RM5 (3).JPG Bathroom (1).JPG Bedroom 6.2.jpg Bathroom (2).JPG

Nearby Streets

NameAverage PriceAverage SqftDistance
Esmond Street £ 000.00 KM
Bethnal Green £ 000.00 KM
Beverley Road £ 228,31700.00 KM
Rokel Court £ 000.00 KM
Beaconsfield Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Hull8126HUL3.14 KM
Cottingham8056CGM5.96 KM
New Holland6209NHL7.75 KM
Barrow Haven6212BAV9.30 KM

Nearby Listings

AddressPriceTypeScoreDistance
Wellesley Avenue, Hull £ 225,000BUYUnknown0.02 KM
Heathcote Street, Hull £ 180,000BUYUnknown0.02 KM
Wellesley Avenue, Bevereley Road, Hull £ 200,000BUYUnknown0.04 KM
Wellesley Avenue, Beverley Road, Hull £ 255,000BUY6 / 100.04 KM
Heathcote Street, Hull, HU6 £ 200,000BUY5 / 100.08 KM

Nearby Properties

AddressPriceDistance
13 Heathcote Street £ 115,0000.08 KM
11a Heathcote Street £ 135,0000.08 KM
10 Heathcote Street £ 176,0000.08 KM
33 Heathcote Street £ 110,0000.08 KM
16 Heathcote Street £ 159,0000.08 KM