Terraced house for sale in Grafton Street, Hull HU5

***Guide Price £120,000 - £130,000 plus Reservation Fee***

Welcome to this fully let four-bedroom HMO property, strategically located in the vibrant and sought-after area of Newland Avenue, one of Hull’s most popular Buy to Let area's. This prime location offers easy access to Hull University, making it a desirable residence for students and professionals alike.

Key Features:
- Fully let four-bedroom HMO property
- Situated in the heart of Newland Avenue, a popular area in Hull
- Proximity to Hull University, ideal for students and professionals
- Historical usage predating Article Four planning restrictions, as informed by the seller
- Currently achieving an approximate annual gross income of £19254.36
- Offers a gross approximate yield of 16%, providing an excellent investment opportunity

This property promises a robust return on investment, boasting a gross yield of approx 16%. The seller also informs us that they can provide historical usage data predating Article Four planning restrictions, ensuring peace of mind for prospective buyers regarding compliance and regulation.

With its prime location, strong rental income, and excellent yield, this property is an exceptional opportunity for investors seeking a high-performing asset in a thriving community. Don’t miss the chance to invest in this lucrative HMO property in Newland Avenue.

**Fees, Exclusivity, and Disclaimer:**

**Fees:**

**Reservation Fee:** Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.

The Reservation Fee can be refunded under certain circumstances;

i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office

**Exclusivity:**

Following the payment of the reservation fee, rezee will facilitate a fixed exclusivity period of 60 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.

**Process:**

Our process:

1. Register your interest

2. Prepare your finances for the purchase

3. Arrange a viewing

4. Make an offer

5. Secure your sale using our secure system

6. Exchange and complete

**Disclaimer:**

The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.

The Buyer is required to verify their id & show proof of funds.

rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. rezee may receive a referral fee for these third-party services.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.