Lambert Street, Hull HU5

Property Details: - Type: Terraced house - Bedrooms: 6 - Bathrooms: 2

Agent: Rezee - Hull Phone: 01482 763368

<p>Guide Price £180,000 - £190,000 plus Reservation Fee</p><p>An excellent investment opportunity to acquire this substantial six-bedroom HMO, situated within one of Hull's most popular and established buy-to-let locations just off Newland Avenue. Ideally positioned within close proximity to Hull University and an excellent range of shops, cafes, bars and transport links, the property is perfectly placed to attract strong tenant demand.</p><p>Fully licensed and benefiting from a Certificate of Lawful Use, the property currently generates an impressive gross annual income of approximately £28,000, providing an approximate gross yield of around 15%, making this an attractive addition to any investor's portfolio.</p><p>The spacious accommodation is arranged over multiple floors and provides six letting rooms together with communal facilities, offering a ready-made investment with proven income potential.</p><p>Properties of this nature and in such a sought-after location rarely remain available for long and early enquiries are strongly encouraged.</p><p>Key Features:</p><p>Six Bedroom HMO Investment Property<br/>Fully Licensed<br/>Certificate of Lawful Use<br/>Gross Annual Income of Approximately £28,000<br/>Approximate Gross Yield of Around 15%<br/>Popular Newland Avenue Location<br/>Close to Hull University<br/>Excellent Investment Opportunity<br/>Reservation Fee Applicable – T&C’s Apply<br/>Book Your Viewing Today!<br/>Fees, Exclusivity & Disclaimer</p><p>Reservation Fee:<br/>Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.</p><p>Refund Policy:<br/>The Reservation Fee may be refunded only in specific circumstances, such as:</p><p>The seller withdrawing from the sale<br/>A chain collapsing beyond the Buyer’s control<br/>Significant structural issues confirmed by a qualified structural survey<br/>For full details of refund eligibility, please contact our office.</p><p>Exclusivity:<br/>Upon payment of the Reservation Fee, Rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.</p><p>Buying Process:</p><p>Register your interest<br/>Prepare your finances<br/>Arrange a viewing<br/>Make an offer<br/>Secure the sale via our secure system<br/>Exchange and complete<br/>Important Information & Disclaimer:<br/>A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.</p><p>Buyers must verify their ID and provide proof of funds as part of our compliance process.</p><p>Rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.</p><p>While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.</p><p>Stamp Duty (SDLT):<br/>Not all property purchases are subject to SDLT. Liability depends on factors such as purchase price and buyers' position. Buyers should seek advice from a solicitor or tax adviser to confirm whether SDLT applies to their purchase and how much they would have to pay.</p><p>Rezee’s Approach:<br/>Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.</p>