2 Bed Terraced House, Single Let, Hull, HU9 2LJ, £80,000

5 Morrill Street, Hull, City Of Kingston Upon Hull, HU9 2LJ - 4 views - 10 months ago

Sold STC
BTL
ROI: 9%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£50K - £136K
Sold Prices/m²£619/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£71,116

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£417 - £2,375

Rent Estimate

£550

Running Costs/mo

£380

Cashflow/mo

£170

Cashflow/yr

£2,040

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £50K to £136K, average is £75K. £619/m² to £2.7K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£64K11/200.1 mi44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB2
£88.5K06/230.11 mi38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG2
£52K03/210.13 mi2, Dene Street, Hull, City Of Kingston Upon Hull HU9 2LX2
£117.5K08/210.18 mi44, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB2
£67.5K11/200.19 mi65, New Bridge Road, Hull, Humberside HU9 2RB2
£96K02/230.19 mi71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX2
£71K06/210.2 mi64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ2
£65K05/230.21 mi25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£77K04/230.21 mi15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£55.9K03/230.21 mi80, Wynburg Street, Hull, City Of Kingston Upon Hull HU9 2PB2
£80K01/230.21 mi21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN2
£95K10/210.21 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£75K03/210.21 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£80K09/210.21 mi49, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£80K02/230.22 mi57, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£126K06/230.24 mi14, James Niven Court, Hull, City Of Kingston Upon Hull HU9 3AQ2
£57K01/210.26 mi61, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF2
£52K11/200.27 mi73, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£62.5K04/210.27 mi89, Belmont Street, Hull, Humberside HU9 2RH2
£70K12/210.27 mi99, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£87.5K01/230.28 mi88, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£74.2K06/230.28 mi87, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£77K05/210.28 mi124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH2
£70K07/210.31 mi60, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£86K07/230.31 mi80, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£80K11/200.31 mi127, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RQ2
£62.5K02/230.31 mi86, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RR2
£51K12/200.32 mi111, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TE2
£50K05/210.35 mi13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ2
£61K12/200.35 mi9, Berkshire Street, Hull, Humberside HU8 8TJ2
£70K03/210.36 mi191, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£70K11/200.36 mi115, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£59K02/210.36 mi111, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£110K03/230.36 mi107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF2
£128.5K03/210.37 mi48, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ2
£90.5K01/230.37 mi21, Staxton Court, Hull, City Of Kingston Upon Hull HU9 2RW2
£107K03/230.37 mi11, Wordsworth Street, Hull, City Of Kingston Upon Hull HU8 8LT2
£65K03/230.38 mi177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£66.5K11/200.39 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£75K03/230.39 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£55K12/220.39 mi145, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TA2
£77K12/220.4 mi148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£136K02/230.42 mi29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£105K01/210.43 mi30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£130K10/200.43 mi26, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£77.5K03/210.44 mi50, Endymion Street, Hull, City Of Kingston Upon Hull HU8 8TY2
£72.5K02/210.44 mi127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA2
£60K12/200.48 mi76, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JZ2
£125K06/230.48 mi31, Brindley Street, Hull, City Of Kingston Upon Hull HU9 3BD2
£110K02/230.48 mi33, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL2

Local Rents

50 rents from £417/mo to £2.4K/mo, average is £598/mo.

RentDateDistanceAddressBeds 
£62503/250.06 mi-2
£62505/240.06 miJesmond Gardens, Hull2
£59502/250.11 mi-2
£50001/240.12 mi-2
£65003/250.12 mi-2
£55004/240.13 miMables Villas, Holland Street, Hull, HU92
£65002/240.13 mi-2
£70012/240.13 mi-2
£55004/240.13 miMables Villas, Holland Street, Hull2
£57503/250.14 mi-2
£57505/240.14 miAlbert Avenue, Hull, HU92
£60001/250.14 mi-2
£54504/240.14 mi-2
£2,37502/240.16 mi-2
£64001/250.16 mi-2
£64003/250.16 mi-2
£57509/240.17 mi-2
£64003/250.18 mi-2
£60012/240.18 mi-2
£55003/250.18 mi-2
£64005/240.18 mi-2
£65005/240.18 mi-2
£64005/240.19 mi-2
£57504/240.19 miNew Bridge Road, Southcoates, Hull, HU9 2RF2
£57505/240.2 mi-2
£65004/240.2 miRensburg St, Hull, HU92
£59503/250.2 mi-2
£62506/240.22 miMiddleburg Street, Hull2
£60004/240.23 mi-2
£60005/240.23 mi-2
£55004/240.23 miMiddleburg Street, HU92
£62503/250.24 mi-2
£57505/240.24 mi9 Allendale, Middleburg Street, Newbridge Road, Hull,HU9 2QX2
£57504/240.25 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.25 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.25 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.25 mi13 Wynburg Street, HU9 2PA2
£41704/240.26 mi-2
£56004/240.26 miWenlock Terrace, Rustenburg Street, Hull, East Yorkshire, HU92
£55003/250.27 mi-2
£52504/240.27 mi5 Rosebury Villas, Rosmead Street, Hull, HU9 2TN2
£57505/240.28 miSevern Street, HULL2
£55005/240.29 mi-2
£67505/240.29 miWynburg Street, Hull2
£57512/240.29 mi-2
£62506/240.29 miSevern Street, Hull2
£65004/240.3 mi-2
£63004/240.3 mi-2
£67503/250.3 mi-2
£60005/240.3 miMadoline Grove, Estcourt Street, Hull, East Yorkshire, HU92

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.08 miles away

Nearest school

0.20 miles away

Nearest train station

1.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £80,000

May 22, 2024

Sold for £38,500

2003

Floor Plans

Description

  • Offered with NO CHAIN, this appealing two bedroom end of terrace period property is situated at the top end of Morrill Street in the HU9 locality. +
  • The property provides convenient foot access to the main Holderness Road strip, offering an array of shops and facilities just a short walk away. +
  • The interior of the residence is thoughtfully designed, featuring an inviting entrance hall, two spacious reception rooms, and a well-fitted kitchen, providing a comfortable and (truncated) +
  • The upper level boasts a central landing leading to two generously proportioned bedrooms and a fabulous four-piece bathroom. +
  • Both a front forecourt and a private enclosed courtyard garden at the rear contribute to the property's appeal, offering outdoor spaces for residents to enjoy. +
  • To fully grasp the immense potential of this property we highly recommend arranging a viewing. +
  • The property's EPC Grade 'D' underlines its current energy efficiency. Council tax band 'A' payable to Hull City Council. +

This appealing two-bedroom end-of-terrace period property, located at the top end of Morrill Street in the HU9 area, offers a fantastic investment opportunity with a potential yield of approximately 8.25% at £550 per month. With NO CHAIN, it provides convenient access to the main Holderness Road, where a variety of shops and amenities are just a short walk away.

The thoughtfully designed interior includes a welcoming entrance hall, two spacious reception rooms, and a well-equipped kitchen, creating a comfortable and attractive living space. On the upper level, a central landing leads to two generously sized bedrooms and a superb four-piece bathroom.

The property also features a front forecourt and a private enclosed courtyard garden at the rear, offering pleasant outdoor spaces to enjoy.

To fully appreciate the immense potential of this property, we highly recommend arranging a viewing.

The property has an EPC rating of 'D' and falls under Council Tax band 'A', payable to Hull City Council.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our 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. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

HUL230675/2

Agent Details

Reeds Rains, Hull

01482 251835

Next Steps?

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