2 Bed Terraced House, Refurb/BRRR, Hull, HU9 4RY, £50,000

69 Carden Avenue, Hull, HU9 4RY - 80 views - 9 months ago

Refurb/BRRR
ROI: 5%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£59.9K - £170K
Sold Prices/m²£771/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£57,750

 

 

End Value (After Refurb)

£92,976

Uplift in Value

+61%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,933

Refurb Costs

£27,244

Bridging Loan Interest

£1,313

Total Cash In

£45,739

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£92,976

Mortgage (After Refinance)

£69,732

Mortgage LTV

75%

Cash Released

£32,232

Cash Left In

£13,507

Equity

£23,244

Rent Range

£490 - £1,000

Rent Estimate

£658

Running Costs/mo

£442

Cashflow/mo

£216

Cashflow/yr

£2,590

ROI

6%

Gross Yield

16%

Local Sold Prices

50 sold prices from £59.9K to £170K, average is £90K. £771/m² to £3.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£127K06/230.09 mi39, Grantley Grove, Hull, City Of Kingston Upon Hull HU9 4RU2
£80K03/210.21 mi55, Hornby Grove, Hull, City Of Kingston Upon Hull HU9 4PG2
£85K10/200.22 mi133, Staveley Road, Hull, City Of Kingston Upon Hull HU9 4SH2
£84K10/200.24 mi45, Anson Road, Hull, City Of Kingston Upon Hull HU9 4SN2
£75.5K07/210.24 mi8, Horbury Avenue, Hull, City Of Kingston Upon Hull HU9 4QP2
£92K12/220.25 mi75, Wakefield Avenue, Hull, City Of Kingston Upon Hull HU9 4RD2
£60K12/200.28 mi30, Griffin Road, Hull, Humberside HU9 4TD2
£95K02/230.3 mi6, Northorpe Close, Hull, City Of Kingston Upon Hull HU9 5AH2
£80K06/210.3 mi34, Taylor Avenue, Hull, City Of Kingston Upon Hull HU9 4PH2
£88.5K01/210.32 mi90, Anson Road, Hull, City Of Kingston Upon Hull HU9 4SP2
£96.5K02/230.34 mi279, Preston Road, Hull, City Of Kingston Upon Hull HU9 5AJ2
£90K10/210.34 mi76, Parthian Road, Hull, City Of Kingston Upon Hull HU9 4SX2
£85K04/210.34 mi73, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£90K04/210.34 mi49, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£82.5K03/210.34 mi15, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£77K11/210.38 mi23, Oban Avenue, Hull, City Of Kingston Upon Hull HU9 3NH2
£87K02/210.45 mi187, Hermes Close, Hull, City Of Kingston Upon Hull HU9 4DR2
£85K08/210.47 mi7a, Milne Road, Hull, City Of Kingston Upon Hull HU9 4UB2
£147.5K12/220.47 mi24, Winchester Avenue, Hull, City Of Kingston Upon Hull HU9 4TS2
£110K12/200.48 mi56, Barham Road, Hull, City Of Kingston Upon Hull HU9 4JL2
£140K06/230.48 mi60, Barham Road, Hull, City Of Kingston Upon Hull HU9 4JL2
£135K12/220.48 mi300, Parthian Road, Hull, City Of Kingston Upon Hull HU9 4TA2
£133.5K12/210.48 mi28, Larne Road, Hull, City Of Kingston Upon Hull HU9 4UD2
£90K12/200.48 mi1, Larne Road, Hull, City Of Kingston Upon Hull HU9 4UD2
£133K12/210.5 mi28, Harewood Avenue, Hull, City Of Kingston Upon Hull HU9 3LE2
£130K02/230.5 mi7, Harewood Avenue, Hull, City Of Kingston Upon Hull HU9 3LE2
£114.5K03/230.5 mi20, Winchester Close, Hull, City Of Kingston Upon Hull HU9 4TT2
£75.5K04/230.51 mi11, The Cotswolds, Hull, City Of Kingston Upon Hull HU9 4QJ2
£156K02/230.52 mi740, Marfleet Lane, Hull, City Of Kingston Upon Hull HU9 4TL2
£80K09/210.54 mi8, The Chilterns, Hull, City Of Kingston Upon Hull HU9 4QL2
£90K11/200.54 mi20, The Chilterns, Hull, City Of Kingston Upon Hull HU9 4QL2
£76.5K01/210.54 mi11, The Chilterns, Hull, City Of Kingston Upon Hull HU9 4QL2
£133K06/210.56 mi86, Winchester Avenue, Hull, City Of Kingston Upon Hull HU9 4TU2
£170K04/220.56 mi11, Charnock Avenue, Hull, City Of Kingston Upon Hull HU9 4AE2
£150K03/210.57 mi19, Sperrin Close, Hull, City Of Kingston Upon Hull HU9 4AF2
£114K04/210.61 mi102, Milne Road, Hull, City Of Kingston Upon Hull HU9 4UN2
£117.5K06/230.61 mi110, Milne Road, Hull, City Of Kingston Upon Hull HU9 4UN2
£59.9K01/210.61 mi16, Tonbridge Grove, Hull, City Of Kingston Upon Hull HU9 5BH2
£74K11/200.61 mi3, Tonbridge Grove, Hull, City Of Kingston Upon Hull HU9 5BH2
£93K03/230.61 mi16, Tonbridge Grove, Hull, City Of Kingston Upon Hull HU9 5BH2
£118K03/230.62 mi24, Wivern Road, Hull, City Of Kingston Upon Hull HU9 4HR2
£98.5K03/230.63 mi136, Amethyst Road, Hull, City Of Kingston Upon Hull HU9 4DJ2
£91K01/210.63 mi146, Amethyst Road, Hull, City Of Kingston Upon Hull HU9 4DJ2
£101.6K06/210.63 mi26, Wivern Road, Hull, City Of Kingston Upon Hull HU9 4HR2
£65K12/200.63 mi1013, Holderness Road, Hull, City Of Kingston Upon Hull HU8 9EG2
£90K11/210.66 mi274, Hopewell Road, Hull, City Of Kingston Upon Hull HU9 4HH2
£78.5K04/230.68 mi117, Milne Road, Hull, City Of Kingston Upon Hull HU9 4UL2
£64K12/200.71 mi32, Corbridge Close, Hull, City Of Kingston Upon Hull HU9 5BB2
£80K02/210.71 mi1, Corbridge Close, Hull, City Of Kingston Upon Hull HU9 5BB2
£120K03/230.72 mi2, Suddaby Close, Hull, City Of Kingston Upon Hull HU9 3RG2

Local Rents

37 rents from £490/mo to £1K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£65005/240.26 miHopewell Road, Hull, East Riding, HU92
£50002/250.33 mi-2
£49005/240.38 miRegis Court, Hull, East Riding Of Yorkshire, HU92
£77505/240.51 miPriestman Way, Dream, Hull, East Riding Of Yorkshire, HU92
£76505/240.51 miPriestman Way, Dream, Hull, East Riding Of Yorkshire, HU92
£62505/240.63 miWivern Road, Hull, East Riding Of Yorkshire, HU92
£62505/240.63 mi93 Wivern Road, HU9 4HR2
£67504/240.67 mi20 Willows Avenue, Hull, HU9 3JN2
£90002/250.67 mi-2
£69505/240.68 mi2 Willows Avenue, Hull, HU9 3JN2
£59505/240.69 mi5 Acasta Way, Hull, HU9 5SE2
£59504/240.73 miAcasta Way, Hull, East Riding Of Yorkshire, HU92
£75006/240.78 mi-2
£57504/240.79 miAnnandale Road, Greatfield, Hull, HU92
£59504/240.8 miStapleford Close, Greatfield, HU92
£67505/240.81 miHemswell Avenue, HULL2
£59504/240.84 miBothwell Grove, Hull, Yorkshire, HU92
£60005/240.87 miHolderness Road, HULL2
£62504/240.92 mi-2
£67501/250.92 mi-2
£81504/250.93 mi-2
£62002/250.94 mi-2
£62001/250.94 mi-2
£62001/250.94 mi-2
£62001/250.94 mi-2
£55004/240.94 miCarlton Avenue, Delhi St, Hull, HU92
£72502/250.95 mi-2
£57506/240.96 mi60 Wexford Avenue, Hull, HU9 5DT2
£67504/250.96 mi-2
£70004/240.96 miHedon Road, HULL2
£62504/240.97 miHedon Road, Hull2
£60004/241 miStaveley Road, Hull, East Riding, HU9 4BG2
£1,00004/251.04 mi-2
£1,00005/241.05 miMills Court, Hull, HU92
£1,00007/241.05 mi-2
£55005/241.08 miCrofton Avenue, Egton Street, Hull, East Yorkshire, HU82
£59505/241.21 miLimerick Close, Hull2

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

3.56 miles away

Nearest school

0.30 miles away

Nearest train station

3.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £50,000

December 4, 2024

Listed for £57,750

July 19, 2024

Description

  • 2 BEDROOM END-OF-TERRACE +
  • OFF STREET PARKING +
  • COUNCIL TAX BAND: A +
  • IN NEED OF SOME MODERNISING THROUGHOUT +
  • END OF TERRACE +
  • CHAIN FREE +
  • EXCELLENT LOCATION +
  • EPC RATING: E +

SUMMARY
69 Carden Avenue, Hull, HU9 4RY

We are acting in the sale of the above property and have recieved an offer of £60,000 on the above property.

Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.

DESCRIPTION
Situated in a convenient location, this house offers off-street parking, adding a valuable feature that enhances its appeal. The property is in need of some renovation, presenting a fantastic chance to customise and upgrade to your exact specifications. The potential is evident throughout, making it a blank canvas ready for transformation into a charming and comfortable home.

The two bedrooms provide ample space for a small family or a couple, while the end-of-terrace position ensures additional privacy and a quieter living environment. The layout is practical and functional, offering a solid foundation for future improvements.

Located in a neighbourhood with easy access to local amenities, schools, and transport links, this home combines convenience with the promise of potential value growth.

With a bit of vision and effort, this property can be turned into a delightful residence or a lucrative investment.

Don't miss this opportunity to create your dream home or to invest in a property with great potential. Viewings are highly recommended to fully appreciate the possibilities this house offers.

Ground Floor 

Entrance Hallway 

Lounge 12' 9" x 12' 1" ( 3.89m x 3.68m )

Kitchen 15' 3" x 11' ( 4.65m x 3.35m )

First Floor 

Landing 

Bedroom 1 10' 8" x 12' 1" ( 3.25m x 3.68m )

Bedroom 2 8' 8" x 8' 9" ( 2.64m x 2.67m )

Bathroom 6' 3" x 5' 6" ( 1.91m x 1.68m )

DIRECTIONS
For more information, please contact the branch on .

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Hull Holderness Road

01482 251615

Next Steps?

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