Wellesley Avenue, Hull
By Tulip Investment Sales
£ 250,000
Reviews
2 out of 5 stars
Tulip Investment Sales says ..
6 Bedroom HMO Investment property Refurbished Summer 2022 Currently let to Students for academic year 2023/2024 Gross Rental Income £22,640 Gross Yield 9.06% pa Documented historic use as C4 HMO Rents correct at time of listing 6 bedroom and 2 bathr...
Property Oracle says ..
This property in Wellesley Avenue, Hull, is a six-bedroom, two-bathroom HMO (House in Multiple Occupation) currently let to students. It has undergone refurbishment, as evidenced by the modern kitchen and bedrooms shown in the provided photographs. The property is presented in a clean and functional style, suitable for student tenants. The proximity to several schools rated ‘Good’ by Ofsted is a positive factor, making it an attractive proposition for students and investors. The location is convenient to Hull train station, providing transport links to other areas. However, more detailed information is required on property size, garden, and local amenities to offer a more comprehensive view of its value. The lack of plot size information and square footage hinders a thorough analysis of price per square foot. Also, there needs to be more information on the quality of the rental agreement, in regards to tenant guarantees and the like. The average property prices in surrounding streets do show a range of values which suggests the current price point might be considered slightly high based on this data alone, without taking into account the other factors such as rental income and potential for return on investment.
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
- 6
- Condition
- 7
- Location
- 7
- Land
- 1
- Bedrooms
- 6
- Bathrooms
- 2
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Metrics Year-on-Year
- Average area value
- 136,095.00 £Increased by 6.30 %
- Average area rental value
- 697.00 £/moIncreased by 17.74 %
- Est rental Yield
- 6.15 %Increased by 10.81 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Tulip Investment Sales marked this listing as sold.
Tulip Investment Sales created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Newland St John'S Church Of England Academy | Academy Converter | Good | 0.15 KM |
| Endsleigh Holy Child Vc Academy | Academy Converter | Good | 0.62 KM |
| St Nicholas Primary School | Academy Converter | Good | 0.78 KM |
| Lambert Children'S Centre | Children's Centre Linked Site | 1.12 KM | |
| St Vincent'S Voluntary Catholic Academy | Academy Sponsor Led | Good | 1.18 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Esmond Street | £ 0 | 0 | 0.00 KM |
| Bethnal Green | £ 0 | 0 | 0.00 KM |
| Beverley Road | £ 228,317 | 0 | 0.00 KM |
| Beaconsfield Street | £ 0 | 0 | 0.00 KM |
| Cromer Street | £ 135,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Hull | 8126 | HUL | 3.04 KM |
| Cottingham | 8056 | CGM | 6.19 KM |
| New Holland | 6209 | NHL | 7.74 KM |
| Barrow Haven | 6212 | BAV | 9.37 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Wellesley Avenue, Beverley Road, Hull | £ 210,000 | BUY | 5 / 10 | 0.01 KM |
| Beresford Avenue, Beverley Road, Hull | £ 195,000 | BUY | 5 / 10 | 0.10 KM |
| Ormonde Avenue, Hull | £ 160,000 | BUY | 7 / 10 | 0.12 KM |
| Beresford Avenue, Hull | £ 210,000 | BUY | Unknown | 0.15 KM |
| Beresford Avenue, Hull | £ 200,000 | BUY | Unknown | 0.16 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 34 Ormonde Avenue | £ 170,000 | 0.10 KM |
| 8 Ormonde Avenue | £ 124,950 | 0.10 KM |
| 46 Ormonde Avenue | £ 38,500 | 0.10 KM |
| 30 Ormonde Avenue | £ 120,000 | 0.10 KM |
| 52 Ormonde Avenue | £ 123,000 | 0.10 KM |