3 Bed Terraced House, Cash/Bridging Only, Hull, HU3 1PA, £50,000
ValuationFair Value
| Sold Prices | £78.5K - £230K |
| Sold Prices/m² | £683/m² - £2K/m² |
| |
Square Metres | ~93 m² |
| Price/m² | £538/m² |
Value Estimate | £50,000£50,000 |
| |
End Value (After Refurb) | £117,255£117,255 |
Uplift in Value | +135%+135% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £12,500£12,500 |
Stamp Duty & Legal Fees | £2,700£2,700 |
Refurb Costs | £37,371£37,371 |
Bridging Loan Interest | £1,313£1,313 |
Total Cash In | £55,634£55,634 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentFlip |
Estimated Sale Price | £117,255£117,255 |
Agent Fees (1%) | £1,173£1,173 |
Bridging Loan | £37,500£37,500 |
Bridging Loan Interest | £1,313£1,313 |
Flip Profit | £22,949£22,949 |
Local Sold Prices
50 sold prices from £78.5K to £230K, average is £112.5K. £683/m² to £2K/m², average is £1.3K/m².
| Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
| £78.5K | 11/20 | 0.05 mi | 53, Mayfield Street, Hull, City Of Kingston Upon Hull HU3 1NT | £683 | 115 | 3 | Terraced House | |
| £80K | 06/21 | 0.06 mi | 11, Mayfield Street, Hull, City Of Kingston Upon Hull HU3 1NS | £702 | 114 | 3 | Semi-Detached House | |
| £145K | 04/21 | 0.17 mi | 57, Duesbery Street, Hull, City Of Kingston Upon Hull HU5 3QE | - | - | 3 | Terraced House | |
| £99K | 12/20 | 0.17 mi | 29, Stanley Street, Hull, City Of Kingston Upon Hull HU3 1JS | £1,100 | 90 | 3 | Terraced House | |
| £131K | 03/23 | 0.19 mi | 7, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP | - | - | 3 | Terraced House | |
| £150K | 02/23 | 0.2 mi | 19, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP | £1,744 | 86 | 3 | Terraced House | |
| £96K | 10/21 | 0.21 mi | 33, Morpeth Street, Hull, City Of Kingston Upon Hull HU3 1RG | £1,043 | 92 | 3 | Terraced House | |
| £156K | 10/21 | 0.22 mi | 37, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SA | £1,173 | 133 | 3 | Terraced House | |
| £167K | 01/23 | 0.24 mi | 16, Leicester Street, Hull, City Of Kingston Upon Hull HU3 1TA | £1,465 | 114 | 3 | Semi-Detached House | |
| £85K | 11/21 | 0.25 mi | 38, Freehold Street, Hull, City Of Kingston Upon Hull HU3 1RD | £828 | 103 | 3 | Terraced House | |
| £105K | 07/21 | 0.27 mi | 169, Stanley Street, Hull, City Of Kingston Upon Hull HU3 1JU | £1,567 | 67 | 3 | Terraced House | |
| £110K | 10/21 | 0.31 mi | 15, Hampstead Court, Hull, City Of Kingston Upon Hull HU3 1UF | - | - | 3 | Terraced House | |
| £131K | 12/22 | 0.32 mi | 48, Wenlock Street, Hull, City Of Kingston Upon Hull HU3 1DF | £1,541 | 85 | 3 | Terraced House | |
| £92K | 08/23 | 0.32 mi | 55, Vane Street, Hull, City Of Kingston Upon Hull HU3 1RJ | - | - | 3 | Terraced House | |
| £230K | 09/21 | 0.32 mi | 28, Sunny Bank, Hull, Humberside HU3 1LH | £1,321 | 174 | 3 | Terraced House | |
| £85K | 02/23 | 0.33 mi | 4a, Wellington Lane, Hull, City Of Kingston Upon Hull HU3 1SG | £966 | 88 | 3 | Terraced House | |
| £130K | 06/23 | 0.33 mi | 40, Park Road, Hull, City Of Kingston Upon Hull HU5 2TB | £1,494 | 87 | 3 | Terraced House | |
| £87K | 08/21 | 0.38 mi | 63, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN | - | - | 3 | Terraced House | |
| £96.5K | 12/20 | 0.41 mi | 23, Somerscales Street, Hull, City Of Kingston Upon Hull HU2 9PA | £937 | 103 | 3 | Terraced House | |
| £90K | 03/21 | 0.46 mi | 3, Blundell Close, Hull, City Of Kingston Upon Hull HU2 9BX | £1,082 | 83 | 3 | Terraced House | |
| £85K | 12/20 | 0.5 mi | 70, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY | £1,164 | 73 | 3 | Terraced House | |
| £100K | 08/21 | 0.5 mi | 11, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU | £1,563 | 64 | 3 | Terraced House | |
| £83K | 12/20 | 0.5 mi | 14, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU | £814 | 102 | 3 | Terraced House | |
| £137K | 08/22 | 0.5 mi | 55, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9BB | £1,511 | 91 | 3 | Terraced House | |
| £135K | 01/23 | 0.54 mi | 385, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 1LD | - | - | 3 | Terraced House | |
| £105K | 03/21 | 0.55 mi | 18, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9AP | £1,040 | 101 | 3 | Terraced House | |
| £91K | 02/21 | 0.55 mi | 45, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE | £1,071 | 85 | 3 | Terraced House | |
| £110K | 08/22 | 0.55 mi | 16, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9AP | £1,134 | 97 | 3 | Terraced House | |
| £85K | 10/21 | 0.55 mi | 29, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE | - | - | 3 | Semi-Detached House | |
| £205K | 06/23 | 0.58 mi | 24, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AY | £1,602 | 128 | 3 | Terraced House | |
| £115K | 03/23 | 0.61 mi | 5, St Clements Place, Hull, City Of Kingston Upon Hull HU2 9LW | £1,322 | 87 | 3 | Terraced House | |
| £107K | 03/23 | 0.64 mi | 79, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH | £1,259 | 85 | 3 | Terraced House | |
| £140K | 11/21 | 0.65 mi | 7, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 0DY | - | - | 3 | Terraced House | |
| £176K | 10/21 | 0.65 mi | 5, Muirfield Park, Hull, City Of Kingston Upon Hull HU5 3JF | - | - | 3 | Terraced House | |
| £155K | 08/22 | 0.66 mi | 16, Spring Grove, Hull, City Of Kingston Upon Hull HU3 1JZ | - | - | 3 | Detached House | |
| £95K | 07/21 | 0.69 mi | 44, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BB | - | - | 3 | Terraced House | |
| £130K | 11/22 | 0.69 mi | 44, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BB | - | - | 3 | Terraced House | |
| £190K | 12/20 | 0.71 mi | 146, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AU | £1,712 | 111 | 3 | Terraced House | |
| £177K | 02/21 | 0.71 mi | 167, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AT | £1,844 | 96 | 3 | Terraced House | |
| £185K | 08/21 | 0.71 mi | 203, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AT | £1,968 | 94 | 3 | Terraced House | |
| £134.5K | 06/21 | 0.71 mi | 52, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AZ | - | - | 3 | Terraced House | |
| £87K | 04/21 | 0.72 mi | 50, Grange Close, Hull, City Of Kingston Upon Hull HU2 0AT | £1,338 | 65 | 3 | Terraced House | |
| £115K | 02/21 | 0.72 mi | 22, Dundee Street, Hull, City Of Kingston Upon Hull HU5 3TX | £1,292 | 89 | 3 | Semi-Detached House | |
| £139K | 11/22 | 0.73 mi | 18, Dundee Street, Hull, City Of Kingston Upon Hull HU5 3TX | - | - | 3 | Semi-Detached House | |
| £98K | 07/21 | 0.74 mi | 136, Chanterlands Avenue, Hull, City Of Kingston Upon Hull HU5 3TR | - | - | 3 | Terraced House | |
| £155K | 03/21 | 0.74 mi | 154, Chanterlands Avenue, Hull, City Of Kingston Upon Hull HU5 3TR | £1,422 | 109 | 3 | Terraced House | |
| £96K | 08/21 | 0.74 mi | 65, Sharp Street, Hull, City Of Kingston Upon Hull HU5 2AF | £1,129 | 85 | 3 | Terraced House | |
| £110K | 05/21 | 0.75 mi | 129, Goddard Avenue, Hull, Humberside HU5 2AW | £1,294 | 85 | 3 | Terraced House | |
| £125K | 03/21 | 0.75 mi | 179, Chanterlands Avenue, Hull, City Of Kingston Upon Hull HU5 3TL | - | - | 3 | Terraced House | |
| £125K | 04/23 | 0.76 mi | 25, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SJ | £1,042 | 120 | 3 | Terraced House |
Local Rents
15 rents from £600/mo to £1.3K/mo, average is £900/mo.
| Rent | Date | Distance | Address | Beds | Type | |
| £700 | 11/24 | 0.09 mi | - | 3 | Detached House | |
| £925 | 12/24 | 0.14 mi | - | 3 | Terraced House | |
| £1,100 | 12/24 | 0.18 mi | - | 3 | Terraced House | |
| £1,100 | 12/24 | 0.18 mi | - | 3 | Terraced House | |
| £1,200 | 05/24 | 0.21 mi | Blenheim Street, Hull, HU5 | 3 | Terraced House | |
| £1,200 | 06/24 | 0.21 mi | - | 3 | Terraced House | |
| £900 | 03/25 | 0.24 mi | - | 3 | Terraced House | |
| £875 | 04/24 | 0.3 mi | Park Grove, Hull, HU5 | 3 | Terraced House | |
| £875 | 05/24 | 0.3 mi | Park Grove, Hull, HU5 | 3 | Terraced House | |
| £900 | 03/25 | 0.41 mi | - | 3 | Flat | |
| £945 | 02/25 | 0.51 mi | - | 3 | Terraced House | |
| £750 | 12/24 | 0.52 mi | - | 3 | Terraced House | |
| £1,300 | 05/24 | 0.53 mi | Ferensway, Hull, HU2 8LE | 3 | Flat | |
| £850 | 04/24 | 0.54 mi | - | 3 | Terraced House | |
| £600 | 12/24 | 0.57 mi | - | 3 | Terraced House |
Local Area Statistics
Population in HU3 | 26,64826,648 |
Population in Hull | 313,622313,622 |
Town centre distance | 0.71 miles away0.71 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.78 miles away0.78 miles away |
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Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -3%-3% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +11%+11% |
Property History
Listed for £50,000
July 25, 2024
Floor Plans
Description
- Middle Terraced House +
- 3 Bedrooms +
- Arranged on 3 Levels +
- Gas Central Heating +
- uPVC Double Glazing +
- Requires Repair/Refurbishment +
- For Sale by Sealed Bids +
- Closing Date 20th September at 12pm +
ATTENTION INVESTORS! CASH OFFERS ONLY - GUIDE PRICE £50,000 - £55,000. This 3 Bedroom middle terraced house requires repair and a full refurbishment programme but offers great potential. The property which has uPVC double glazing and gas central heating, briefly comprises:- Entrance Hall, Through Lounge, Kitchen, Lobby, Bathroom/WC and on the first floor 2 Bedrooms and further 3rd Bedroom on the second floor. Outside there is a forecourt and small yard to the rear. NO CHAIN INVOLVED.
LOCATION The property is situated off Spring Bank therefore close to a good range of facilities and very convenient for Hull city centre itself.
THE ACCOMMODATION COMPRISES
GROUND FLOOR
ENTRANCE HALL With double glazed entry door overhead window, dado rail, radiator and staircase leading to the first floor.
THROUGH LOUNGE 23' 6" x 11' 5" (7.16m x 3.48m) With uPVC double glazed bay window which overlooks the front, central heating radiator, understairs storage cupboard.
LOBBY Leading to:-
KITCHEN 8' 5" x 8' 1" (2.57m x 2.46m) With a stainless steel sink, base and wall-mounted units with worktop surface areas, uPVC double glazed window which overlooks the rear, radiator, uPVC double glazed door which leads to the rear yard.
BATHROOM 8' 5" x 5' 0" (2.57m x 1.52m) With a panelled bath, pedestal wash hand basin, low level WC, uPVC obscured double glazed window which overlooks the rear.
FIRST FLOOR
LANDING With window overlooking the rear, dado rail.
BEDROOM 1 14' 7" x 11' 1" (4.44m x 3.38m) With uPVC double glazed window which overlooks the front, central heating radiator.
BEDROOM 2 10' 7" x 9' 1" (3.23m x 2.77m) With uPVC double glazed window which overlooks the rear, central heating radiator and cornice to the ceiling.
A staircase leading from the landing leads to:-
SECOND FLOOR
ATTIC ROOM/BEDROOM 3 13' 4" x 13' 3" (4.06m x 4.04m) With a skylight window and central heating radiator.
OUTSIDE To the front of the property there is a forecourt garden with fencing and path. To the rear, there is a small yard area.
SEALED BIDS PROCESS Sealed bids are to be received at the agents office 79 Newland Avenue, Hull, HU5 2AL by no later than 12pm on Friday 20th September 2024. Please provide proof of cash within your sealed bid with also provide confirmation if your offer is subject to survey.
TENURE We believe the tenure of this property to be Freehold (to be confirmed by the vendor's solicitors).
VIEWING TO VIEW, PLEASE CALL OUR NEWLAND AVENUE OFFICE ON .
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
The mention of any appliances and/or services within these particulars does not imply they are in full and efficient working order.
Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information. Do so, particularly if travelling some distance to view the property.
Neil Kaye Estate Agents for themselves and the vendors or lessors of this property whose agents they are, given notice that these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract.
NONE OF THE STATEMENTS CONTAINED IN THESE PARTICULARS AS TO THIS PROPERTY ARE TO BE RELIED UPON AS STATEMENTS OR REPRESENTATIONS OF FACT
Monday to Friday 9am to 5pm
Saturday 10am to 1pm.