HMO in Hull

The proposed strategy is to acquire and operate the property as a house in multiple occupation, subject to licensing, planning and local authority requirements. The aim is to create strong rental demand and diversified monthly income across several rooms.

LICENSED HMO | 15% GROSS YIELD | TENANTS IN SITU | FREEHOLD
An attractive freehold HMO investment opportunity in Hull, offering strong existing rental income with further potential through letting the currently vacant room.
This 103m² mid-terrace property is currently operating as a fully licensed four-bedroom HMO, with three of the four lettable rooms already occupied, providing an investor with immediate rental income from completion.
RENTAL INCOME
Room 1 – Tenanted: £390 pcm
Room 2 – Tenanted: £360 pcm
Room 4 – Vacant: Market rent £360 pcm
Room 5 – Tenanted: £360 pcm
Current rental income: £1,110 pcm / £13,320 p.a.
Fully-let rental income: £1,470 pcm / £17,640 p.a.
Stated gross yield when fully let: 15.3%
An additional room is currently used for storage, as it is considered too small to be used as a lettable bedroom.
PROPERTY LAYOUT
The ground floor comprises:
• Entrance hallway
• Shared kitchen/dining area
• Two lettable rooms
The first floor provides:
• Two further lettable rooms
• Two shower rooms
• Additional storage room
There is also a communal rear garden for residents.
COMPLIANCE
The property is currently operated as a licensed HMO, with key compliance documentation in place:
• EICR: Valid until April 2030
• Gas Safety: Valid until January 2027
• Fire Risk Assessment: In date
• Fire Alarm Servicing: In date
• PAT Testing: In date
• Council Tax: Band A
CONDITION & VALUE-ADD POTENTIAL
The property is operational and income-producing; however, there is scope for an investor to improve the overall presentation.
The communal hallway and kitchen/dining area are dated, as are both shower rooms, while the bedrooms range from dated to fair condition.
This provides an opportunity to modernise the property over time, enhance the tenant offering and potentially strengthen its longer-term rental and capital value, subject to local market conditions.
INVESTMENT HIGHLIGHTS
✓ Fully licensed 4-bedroom HMO
✓ Freehold
✓ Three tenants already in situ
✓ £13,320 current annual rental income
✓ £17,640 p.a. when fully occupied at stated rents
✓ 15.3% stated gross yield when fully let
✓ Key HMO compliance documentation in date
✓ EICR valid until 2030
✓ Two shower rooms
✓ Additional storage room
✓ Potential value-add through modernisation
A compelling opportunity for an investor seeking a high-yielding, established HMO with immediate income and scope for further improvement.

Please contact for further details

Financial Information
Current value: £115,000
Purchase price: £115,000
Purchase costs: £115,000
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £115,000
Monthly profit (£): £640
Annual profit: £7,687
Monthly rent: £1,470
Annual rent: £17,640
ROCE (%): 18%
Yield: 15%
Money left after refinance: £42,570
Investment required: £42,570