2 Bed Terraced House, Single Let, Hull, HU3 6PP, £75,000

8 Chatham Street, Hull, City Of Kingston Upon Hull, HU3 6PP - 3 views - a year ago

BTL
ROI: 5%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£52K - £137K
Sold Prices/m²£765/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£91,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£375 - £1,105

Rent Estimate

£435

Running Costs/mo

£341

Cashflow/mo

£94

Cashflow/yr

£1,124

ROI

5%

Gross Yield

7%

Local Sold Prices

49 sold prices from £52K to £137K, average is £100K. £765/m² to £2.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£52K04/210 mi21, Chatham Street, Hull, City Of Kingston Upon Hull HU3 6PP2
£52K04/210 mi21, Chatham Street, Hull, City Of Kingston Upon Hull HU3 6PP2
£66K04/210.04 mi13, Pitt Street, Hull, City Of Kingston Upon Hull HU3 6PN2
£65K01/210.06 mi155, De La Pole Avenue, Hull, Humberside HU3 6RE2
£70K08/210.09 mi201, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RF2
£80K03/210.09 mi207, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RF2
£68K01/210.12 mi246, De La Pole Avenue, Hull, Humberside HU3 6RJ2
£115K01/230.2 mi105, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU2
£84.1K10/210.2 mi105, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU2
£110K01/230.24 mi22, Woodgate Road, Hull, City Of Kingston Upon Hull HU5 5AH2
£115K09/210.3 mi36, Dundee Street, Hull, City Of Kingston Upon Hull HU5 3TY2
£108K01/210.32 mi49, Luton Road, Hull, City Of Kingston Upon Hull HU5 5AJ2
£82K05/210.36 mi141, Perth Street West, Hull, City Of Kingston Upon Hull HU5 3UN2
£123K02/230.36 mi125, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XG2
£110K01/230.36 mi113, Perth Street West, Hull, City Of Kingston Upon Hull HU5 3UN2
£125K11/200.37 mi91, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XG2
£118K03/230.37 mi39, Rutland Road, Hull, City Of Kingston Upon Hull HU5 5AL2
£87.5K11/200.37 mi51, Rutland Road, Hull, City Of Kingston Upon Hull HU5 5AL2
£90K11/200.37 mi15, Rutland Road, Hull, City Of Kingston Upon Hull HU5 5AL2
£117.5K05/210.38 mi26, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XJ2
£95K02/210.38 mi80, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XJ2
£85K02/210.39 mi5, Southburn Avenue, Hull, Humberside HU5 5BB2
£105K06/230.39 mi14, Southburn Avenue, Hull, City Of Kingston Upon Hull HU5 5BB2
£114K07/210.39 mi162, Meadowbank Road, Hull, City Of Kingston Upon Hull HU3 6XP2
£130K10/210.39 mi138, Meadowbank Road, Hull, City Of Kingston Upon Hull HU3 6XP2
£100K01/210.39 mi112, Meadowbank Road, Hull, City Of Kingston Upon Hull HU3 6XP2
£82.5K03/210.39 mi124, Brooklands Road, Hull, Humberside HU5 5AF2
£112.5K06/210.39 mi75, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XQ2
£81K03/230.4 mi7, Hildas Avenue, Hull, City Of Kingston Upon Hull HU5 3UJ2
£120K03/230.41 mi64, Meadowbank Road, Hull, City Of Kingston Upon Hull HU3 6XW2
£110K07/210.41 mi11, Brooklands Road, Hull, City Of Kingston Upon Hull HU5 5AD2
£125K02/230.42 mi72, Meadowbank Road, Hull, City Of Kingston Upon Hull HU3 6XW2
£98K12/200.42 mi23, Warneford Gardens, Hull, City Of Kingston Upon Hull HU5 3SX2
£90K01/230.43 mi5, Warneford Gardens, Hull, City Of Kingston Upon Hull HU5 3SX2
£94K01/210.43 mi126, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3NA2
£101K10/210.43 mi139, Newstead Street, Hull, Humberside HU5 3NF2
£100K01/230.44 mi55, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BU2
£95K05/210.45 mi85, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BU2
£100K02/230.46 mi83, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LZ2
£90K03/210.46 mi143, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XD2
£95K11/200.46 mi149, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XD2
£108K05/230.46 mi125, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XD2
£85K07/210.46 mi107, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XD2
£122K05/230.46 mi113, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XD2
£137K04/230.46 mi101, Brooklands Road, Hull, City Of Kingston Upon Hull HU5 5AE2
£117K02/230.46 mi81, Brooklands Road, Hull, City Of Kingston Upon Hull HU5 5AE2
£78.8K11/210.47 mi11, Selkirk Street, Hull, City Of Kingston Upon Hull HU5 3NS2
£95.5K12/200.47 mi72, Kirklands Road, Hull, City Of Kingston Upon Hull HU5 5AU2
£131K10/210.48 mi17, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XA2

Local Rents

50 rents from £375/mo to £1.1K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£59505/240 miChatham Street, Hull, East Riding Of Yorkshire, HU32
£59504/250.02 mi-2
£50006/240.03 mi-2
£65012/240.05 mi-2
£57504/240.06 mi-2
£75001/250.06 mi-2
£57501/240.07 miFairmount Avenue, De La Pole Avenue, Hull, East Riding Of Yorkshire, HU32
£57505/240.07 miFairmount Avenue, De La Pole Avenue, Hull, East Riding Of Yorkshire, HU32
£57504/250.1 mi-2
£65004/240.11 miElm Grove, De La Pole Avenue, Hull, HU32
£65001/250.12 mi-2
£52505/240.17 miSpring Bank West, Hull, HU3 6LB2
£55005/240.19 miAlliance Avenue, Hull, HU32
£50011/230.28 mi-2
£67504/240.29 miBrooklands Road, Hull, East Riding Of Yorkshire, HU52
£67505/240.29 miBrooklands Road, Hull, East Riding Of Yorkshire, HU52
£60012/240.34 mi-2
£65001/250.35 mi-2
£62502/250.35 mi-2
£65002/250.35 mi-2
£75001/240.36 mi-2
£60004/240.36 miPerth Street West, HU52
£65004/250.37 mi-2
£1,10505/240.37 mi-2
£62504/240.37 miRutland Road, Spring Bank West, Hull, East Yorkshire, HU52
£62504/240.39 mi-2
£62504/240.39 miCardigan Road, Hull, HU32
£62001/250.4 mi-2
£65003/250.4 mi-2
£72504/250.41 mi-2
£55005/240.41 miPerth Street West, Hull, HU52
£55005/240.41 mi-2
£65004/240.41 mi-2
£65011/240.41 mi-2
£62504/240.43 miPerth Street, HULL, HU5 3NZ2
£62505/240.43 miPerth Street, HULL, HU5 3NZ2
£77504/240.43 mi-2
£62503/240.44 mi-2
£90004/250.45 mi-2
£49512/240.47 miPlane Street, Hull, East Riding Of Yorkshire, HU32
£37504/240.48 miFlat 2 8 Granville Street, Hull, HU32
£75005/240.49 miAnlaby Road, Hull, HU3 6UZ2
£65004/240.5 miSelkirk Street, Hull2
£55005/240.5 miWharncliffe Street, Hull2
£62504/240.51 mi-2
£55004/240.52 miHawthorn Avenue, Hull, East Riding Of Yorkshire, HU32
£65004/240.52 miPerth Street, HULL, HU5 3NL2
£62504/240.52 miWhite St, Hull, HU32
£72505/240.52 miWestbourne Avenue West, Hull, HU5 3JE2
£59504/250.57 mi-2

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.30 miles away

Nearest school

0.30 miles away

Nearest train station

1.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £75,000

May 13, 2024

Sold for £43,500

2005

Sold for £39,995

2004

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • Schedule a viewing: Don't miss this promising investment opportunity. +
  • Easy commuting: Excellent transport links to the city center. +
  • Modern interior: Contemporary design and comfortable living spaces. +
  • Proximity to MKM Stadium: Within walking distance, enhancing appeal for tenants. +
  • Convenient amenities: Close to local shops, restaurants, and transport links. +
  • Prime location: Situated just off Albert Avenue between Anlaby Road and Spring Bank West. +
  • Strong yield: Approximate yield of 8.4%, offering attractive returns for investors. +
  • Lucrative investment: Two-bedroom property with tenants achieving £525 per calendar month. +

*Guide Price £75,000 - £85,000 plus Reservation Fee* Investment Opportunity: Explore this enticing investment opportunity with a two-bedroom property currently yielding £525 per calendar month from reliable tenants. With an approximate yield of 8.4%, it presents a solid return on investment for astute investors. Prime Location: Nestled just off Albert Avenue between Anlaby Road and Spring Bank West, this property enjoys a prime location with easy access to a wealth of local amenities and excellent transport links to the city center. Residents benefit from proximity to the MKM Stadium, enhancing the appeal of this investment. Convenient Connectivity: With its strategic positioning, this property offers seamless connectivity to the entire city centre, making it an attractive option for tenants seeking convenient transportation options. Whether commuting by car, bus, or foot, residents can navigate the city with ease. Modern Comforts: Boasting a contemporary interior and well-appointed living spaces, this property provides modern comforts designed to attract and retain tenants. The two bedrooms offer comfortable accommodation, creating a welcoming atmosphere for occupants. Schedule a Viewing: Don't miss out on this lucrative investment opportunity. Schedule a viewing today to experience the potential of this property firsthand and secure a promising addition to your investment portfolio. **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.

Agent Details

Rezee, Hull

01482 251686

Next Steps?

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