2 Bed Terraced House, Single Let, Hull, HU8 7JA, £60,000

Maye Grove, Hull, HU8 7JA - 9 months ago

BTL
ROI: 14%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£50K - £175K
Sold Prices/m²£710/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£73,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£475 - £4,300

Rent Estimate

£530

Running Costs/mo

£314

Cashflow/mo

£217

Cashflow/yr

£2,598

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £50K to £175K, average is £90.5K. £710/m² to £3.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£58.5K04/210.05 mi5, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU2
£50K04/230.05 mi39, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU2
£69.5K03/230.05 mi78, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU2
£67K02/230.12 mi92, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HS2
£80K04/230.14 mi6, Whitby Street, Hull, City Of Kingston Upon Hull HU8 7HN2
£65K10/220.3 mi34, New George Street, Hull, City Of Kingston Upon Hull HU2 8AY2
£75K04/210.43 mi48, Field Street, Hull, City Of Kingston Upon Hull HU9 1HS2
£60K12/200.48 mi76, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JZ2
£110K01/230.5 mi39, Bridlington Avenue, Hull, City Of Kingston Upon Hull HU2 0DU2
£50K09/210.53 mi13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU2
£127.5K01/230.53 mi70, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£123K11/210.54 mi8, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£120K12/210.54 mi62, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£100K02/210.54 mi11, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£72K12/210.6 mi145, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DH2
£110K03/230.61 mi107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF2
£72.5K02/210.61 mi127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA2
£85K01/220.62 mi196, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 9LP2
£136K02/230.65 mi29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£77.5K03/210.65 mi50, Endymion Street, Hull, City Of Kingston Upon Hull HU8 8TY2
£65K03/230.66 mi177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£106.5K02/210.67 mi39, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TH2
£77K12/220.67 mi148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£105K01/210.67 mi30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£130K10/200.67 mi26, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£76K03/230.69 mi10, Norfolk Street, Hull, City Of Kingston Upon Hull HU2 9AA2
£50K05/210.7 mi13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ2
£61K12/200.7 mi9, Berkshire Street, Hull, Humberside HU8 8TJ2
£85K12/220.72 mi19, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BA2
£145K07/210.72 mi32, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY2
£117K02/210.72 mi6, Bridgegate Drive, Hull, Humberside HU9 1SY2
£175K07/230.72 mi28, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY2
£77K05/210.73 mi124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH2
£65K08/220.73 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£58.8K05/210.73 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£167.5K06/230.73 mi7, Maldon Drive, Hull, City Of Kingston Upon Hull HU9 1QA2
£71K06/210.74 mi64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ2
£96K02/230.74 mi71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX2
£125K11/200.74 mi35, Ashendon Drive, Hull, City Of Kingston Upon Hull HU8 8DY2
£137.5K03/210.74 mi10, Pilots Way, Hull, City Of Kingston Upon Hull HU9 1PS2
£131K11/200.76 mi19, Bibury Close, Hull, City Of Kingston Upon Hull HU8 8HQ2
£155K07/210.76 mi69, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW2
£152K04/230.76 mi20, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW2
£137K10/210.76 mi28, Idas Close, Hull, City Of Kingston Upon Hull HU9 1TF2
£138K11/210.76 mi24, Idas Close, Hull, City Of Kingston Upon Hull HU9 1TF2
£135K12/200.76 mi29, Idas Close, Hull, City Of Kingston Upon Hull HU9 1TF2
£67K08/230.76 mi4, Kirkstead Street, Hull, City Of Kingston Upon Hull HU8 8DR2
£64K11/200.77 mi44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB2
£175K06/220.78 mi1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ2
£145K01/210.78 mi1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ2

Local Rents

51 rents from £475/mo to £4.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£47505/240.02 miEgton Street, Hull, HU82
£55005/240.05 mi70 Egton Street2
£62501/250.08 mi-2
£55001/250.08 mi-2
£60003/250.13 mi-2
£52504/240.13 miWhitby Street, Hull, HU82
£52505/240.13 miFerndale, Redcar St, Hull, HU82
£90003/250.14 mi-2
£60010/240.14 mi-2
£75012/240.2 mi-2
£90005/240.2 miCharterhouse School, Hull, HU22
£90006/240.2 mi-2
£79512/240.22 mi-2
£72503/250.22 mi-2
£65004/240.22 mi24, Tradewinds, Old Harbour Court2
£1,40002/250.37 mi-2
£1,35002/250.37 mi-2
£1,70002/250.37 mi-2
£1,45004/240.37 miThe Glass House, Queens Gardens2
£2,25005/240.37 miPenthouse The Glass House, Queens Gardens2
£90001/240.38 mi-2
£82505/240.38 mi-2
£70001/250.38 mi-2
£77501/250.38 mi-2
£60004/240.43 mi26 Field Street2
£3,40004/240.43 mi-2
£3,40006/240.43 mi-2
£4,30006/240.43 mi-2
£4,30006/240.43 mi-2
£1,70002/250.43 mi-2
£1,65001/250.43 mi-2
£1,50001/250.43 mi-2
£1,45001/250.43 mi-2
£1,25002/250.43 mi-2
£1,70003/250.43 mi-2
£60004/240.44 mi-2
£1,10007/240.44 miCooper House, Silvester Street, Hull2
£60004/240.44 mi8 Ormington Villas 2
£1,95006/240.45 mi-2
£1,95006/240.45 mi-2
£1,95007/240.46 mi-2
£1,95002/250.46 mi-2
£2,60006/240.47 mi-2
£69504/240.47 miKingston Court, Kingston Square, Hull, HU22
£55005/240.47 miDansom Lane North, HULL2
£1,75007/240.47 mi-2
£57505/240.47 miWright Street, Hull City Centre2
£79504/240.48 miK2 Apartments North, 70 Bond Street, Hull, East Riding of Yorkshire, HU12
£85006/240.48 miK2 Apartments North, 70 Bond Street, Hull, East Riding of Yorkshire, HU12
£85006/240.48 miBond Street, Hull, East Riding of Yorkshire, HU12
£59505/240.48 miDamson Lane North, Garden Village, Hull, HU8 7RR2

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

1.51 miles away

Nearest school

0.30 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £60,000

June 25, 2024

Floor Plans

Description

  • Tenant In Situ +
  • Traditional Two Bed Terrace +
  • Popular Investment Area +
  • Long Term Tenant In Situ +
  • Gas Central Heating And UPVC Double Glazing +
  • EPC - D. council Tax Band - A +
  • 7.5% Yield +

ATTENTION INVESTORS Boasting a hugely popular investor location this traditional two bed terrace has a long term tenant in situ paying £530 PCM wishing to stay and generating approx 10.6% yield. The property is located close to local bus routes, takeaways and excellent road links for the city Centre.  EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle Estate Agency, Hull

01482 251860

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪