Wellesley Avenue, Hull
TU

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

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
6.00 %
Unchanged by 0.00 %
from 6.00 %

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 ConverterGood0.15 KM
Endsleigh Holy Child Vc AcademyAcademy ConverterGood0.62 KM
St Nicholas Primary SchoolAcademy ConverterGood0.78 KM
Lambert Children'S CentreChildren's Centre Linked Site1.12 KM
St Vincent'S Voluntary Catholic AcademyAcademy Sponsor LedGood1.18 KM

Images

Kitchen - Dining Room 1.JPG Bedroom 3.4.JPG Bedroom 4.6.JPG Bedroom 5.3.JPG Front of House.jpg Bedroom 4.6.JPG Bedroom 2.3.JPG

Nearby Streets

NameAverage PriceAverage SqftDistance
Esmond Street £ 000.00 KM
Bethnal Green £ 000.00 KM
Beverley Road £ 228,31700.00 KM
Beaconsfield Street £ 000.00 KM
Cromer Street £ 135,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Hull8126HUL3.04 KM
Cottingham8056CGM6.19 KM
New Holland6209NHL7.74 KM
Barrow Haven6212BAV9.37 KM

Nearby Listings

AddressPriceTypeScoreDistance
Wellesley Avenue, Beverley Road, Hull £ 210,000BUY5 / 100.01 KM
Beresford Avenue, Beverley Road, Hull £ 195,000BUY5 / 100.10 KM
Ormonde Avenue, Hull £ 160,000BUY7 / 100.12 KM
Beresford Avenue, Hull £ 210,000BUYUnknown0.15 KM
Beresford Avenue, Hull £ 200,000BUYUnknown0.16 KM

Nearby Properties

AddressPriceDistance
34 Ormonde Avenue £ 170,0000.10 KM
8 Ormonde Avenue £ 124,9500.10 KM
46 Ormonde Avenue £ 38,5000.10 KM
30 Ormonde Avenue £ 120,0000.10 KM
52 Ormonde Avenue £ 123,0000.10 KM