Buying house down a street with a HMO majority in Hull...

artyclarty

I used to live nearby on Alexandra Road (off Newland ave). Bought in 07 for £35k, sold for £60k in 09 on graduating with two friends lodging. If the market hadn't crashed I would have doubled my money easily!

I would say that is right on the boarder of student territory, but right near the park, which always used to be desirable! If you'd said Queen's Road on the other side of the park, there is a bail hostel and was always much rougher.

From my experience about 1/2 a mile up the road: Good bus links with the 105, 115, the 5,6,7 and 9 routes IIRC. Close to local Mosque and Church. Great food on Princes' and Newland Avenue. The city centre is walkable in about 20 minutes.

Downsides: students, rubbish and parking. If you both drive, you will have fun looking for parking on a daily basis and no-one really gives a crap about the street apart from the owner-occupiers, so be prepared to live in a street with rubbish everywhere and probably a lot of rats coming from neighbouring properties (I spent a lot of time, baiting traps!).

You definitely get what you pay for there: if its cheap, you will be doing a lot of work, my betting would be because its an ex-student property. If its been recently renovated, just be aware that when selling on, you will have the same dilemma of people wondering if the area is an appropriate buy in as you are. If its to a student landlord who will purchase from you in the future, they will not care if you have nice period features etc, they just want cheap and as bomb-proof as they can make it. A literal bomb would be tidier than some students! So any work that you put in above 'habitable' would not really add value to the property. For a freshly renovated property, I would want to get change out of £150k