Melbourne Street, Hull
TU

Melbourne Street, Hull

By Tulip Investment Sales

£ 115,000

Reviews

2 out of 5 stars

Tulip Investment Sales says ..

Investment Opportunity: High-Yield 4-Bedroom Student Property Location: Prime student area close to universities, amenities, and public transport links. Property Features: 4 Spacious Bedrooms: Well-sized rooms, perfect for student tenants seeking comfort and privacy.

Property Oracle says ..

This four-bedroom property on Melbourne Street in Hull is presented as a potential investment opportunity, specifically targeting the student rental market. Its proximity to universities and public transport, as evidenced by its listing and nearby points of interest, suggests a good location for such an investment. The photos reveal a functional interior, although it appears to be in need of minor cosmetic enhancements or updated furnishings to maximize its rental appeal. The property’s age is evident from the exterior and interior, which is typical for student rental properties in established areas. While the absence of details on plot size and the total square footage of the property hinders a thorough evaluation, its £115,000 list price falls within the range of comparable nearby properties. A potential buyer would need to carry out further due diligence and potentially factor in costs for property improvements or renovations to increase its marketability and rental income. The lack of a significant garden space might be perceived as a drawback for some tenants. Overall, this property seems a viable investment opportunity, depending on the potential investor’s risk tolerance and financial strategy.

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
5
Location
7
Land
2
Bedrooms
4
Bathrooms
1

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
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Tulip Investment Sales marked this listing as sold.

  • Tulip Investment Sales created the listing.

Nearby Schools

NameTypeOfstedDistance
Lambert Children'S CentreChildren's Centre Linked Site0.20 KM
Sidmouth Primary SchoolAcademy Converter0.44 KM
St Nicholas Primary SchoolAcademy ConverterGood0.62 KM
St Vincent'S Voluntary Catholic AcademyAcademy Sponsor LedGood0.64 KM
Endsleigh Holy Child Vc AcademyAcademy ConverterGood0.83 KM

Images

IMG_6831.jpg 2 Melbourne St Livingroom.jpg 2 Melbourne St Kitchen.jpg 2 Melbourne St Bedroom 2.jpg 2 Melbourne St Bedroom 3.jpg 2 Melbourne St Bedroom 4.jpg 2 Melbourne Street Shower room.jpg 2 Melbourne St Bedroom 1.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Salisbury Gardens £ 000.00 KM
Newland Avenue £ 000.00 KM
Princes Road £ 000.00 KM
The Limes £ 000.00 KM
The Chestnuts £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Hull8126HUL2.71 KM
Cottingham8056CGM5.56 KM
New Holland6209NHL6.96 KM
Barrow Haven6212BAV8.35 KM

Nearby Listings

AddressPriceTypeScoreDistance
Melbourne Street, Hull £ 115,000BUY5 / 100.00 KM
12 Melbourne Street £ 105,000BUYUnknown0.04 KM
Melbourne Street, Hull, HU5 2ET £ 135,000BUYUnknown0.05 KM
Melbourne Street, Hull £ 110,000BUY6 / 100.06 KM
Melbourne Street, Hull, HU5 £ 127,500BUYUnknown0.06 KM

Nearby Properties

AddressPriceDistance
27 Melbourne Street £ 75,0000.06 KM
31 Melbourne Street £ 58,5000.06 KM
17 Melbourne Street £ 90,0000.07 KM
4 Melbourne Street £ 90,4800.07 KM
147 Newland Avenue £ 163,0000.07 KM