2 Bed Terraced House, Refurb/BRRR, Hull, HU6 7RE, £75,000

10 Blaydes Street, Hull, HU6 7RE - 6 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£60K - £215K
Sold Prices/m²£703/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£76,500

 

 

End Value (After Refurb)

£97,301

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£27,244

Bridging Loan Interest

£1,969

Total Cash In

£53,163

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£97,301

Mortgage (After Refinance)

£72,976

Mortgage LTV

75%

Cash Released

£16,726

Cash Left In

£36,437

Equity

£24,325

Rent Range

£85 - £1,300

Rent Estimate

£704

Running Costs/mo

£465

Cashflow/mo

£239

Cashflow/yr

£2,870

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £60K to £215K, average is £92.8K. £703/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£107.5K05/230.04 mi34, Haworth Street, Hull, City Of Kingston Upon Hull HU6 7RQ2
£78K05/230.18 mi69, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ2
£87.5K05/210.18 mi62, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ2
£115K05/230.19 mi26, Clough Road, Hull, City Of Kingston Upon Hull HU5 1QN2
£80K12/210.23 mi5, Torrington Street, Hull, City Of Kingston Upon Hull HU5 2EW2
£100K12/200.28 mi188, Newland Avenue, Hull, City Of Kingston Upon Hull HU5 2NE2
£215K07/230.28 mi74, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA2
£115K08/210.3 mi102, Ryde Avenue, Hull, City Of Kingston Upon Hull HU5 1QG2
£85K07/230.34 mi79, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PP2
£85K05/230.35 mi48, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NR2
£75K05/230.35 mi17, Exmouth Street, Hull, City Of Kingston Upon Hull HU5 2HX2
£90K12/200.36 mi45, Raglan Street, Hull, City Of Kingston Upon Hull HU5 2JA2
£77K09/210.39 mi38, Manvers Street, Hull, City Of Kingston Upon Hull HU5 2HW2
£80K06/230.4 mi49, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PD2
£90K10/210.41 mi17, Edgecumbe Street, Hull, City Of Kingston Upon Hull HU5 2EU2
£105K04/230.42 mi2, Rydale Court, Hull, City Of Kingston Upon Hull HU5 1QE2
£92.5K01/210.45 mi78, Sharp Street, Hull, City Of Kingston Upon Hull HU5 2AB2
£110K11/210.5 mi59, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AN2
£60K10/210.52 mi25, Marshall Street, Hull, City Of Kingston Upon Hull HU5 3DA2
£76K10/210.54 mi151a, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TT2
£100K02/230.56 mi27, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£83.5K01/210.56 mi53, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£76K06/230.59 mi8, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BH2
£107.5K11/200.59 mi1, Lawsons Close, Hull, City Of Kingston Upon Hull HU6 7UW2
£105K03/210.59 mi10, Lawsons Close, Hull, City Of Kingston Upon Hull HU6 7UW2
£98K02/230.61 mi58, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BJ2
£150K11/220.62 mi42, Kirkham Drive, Hull, City Of Kingston Upon Hull HU5 2BT2
£105K03/230.63 mi112, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BS2
£125K12/220.65 mi12, Oldfield Avenue, Hull, City Of Kingston Upon Hull HU6 7UN2
£126K08/230.66 mi264, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TY2
£93K12/200.67 mi35, Balmoral Avenue, Hull, City Of Kingston Upon Hull HU6 7UD2
£85K04/210.68 mi215, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TX2
£158K06/210.69 mi131, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£142K07/210.69 mi129, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£73K11/200.71 mi69, Nicholson Street, Hull, City Of Kingston Upon Hull HU5 1EY2
£65K01/230.78 mi5, Farringdon Street, Hull, City Of Kingston Upon Hull HU5 1JA2
£64K01/230.8 mi23, Stepney Lane, Hull, City Of Kingston Upon Hull HU5 1HZ2
£72.5K06/210.83 mi1c, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£85K12/200.83 mi326, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 9PH2
£85K06/210.84 mi28, 1st Avenue, Hull, City Of Kingston Upon Hull HU6 9NB2
£63K10/200.84 mi28, 1st Avenue, Hull, City Of Kingston Upon Hull HU6 9NB2
£101.5K07/230.86 mi190, Endike Lane, Hull, City Of Kingston Upon Hull HU6 8DR2
£112.5K06/210.88 mi151, Welwyn Park Avenue, Hull, City Of Kingston Upon Hull HU6 7DN2
£120K07/230.88 mi190, Welwyn Park Avenue, Hull, City Of Kingston Upon Hull HU6 7DN2
£97K09/210.88 mi93, Welwyn Park Avenue, Hull, City Of Kingston Upon Hull HU6 7DL2
£110K04/210.88 mi100, Welwyn Park Avenue, Hull, City Of Kingston Upon Hull HU6 7DL2
£125K08/230.89 mi226, Welwyn Park Avenue, Hull, City Of Kingston Upon Hull HU6 7DW2
£75.5K11/200.9 mi13, 7th Avenue, Hull, City Of Kingston Upon Hull HU6 8HY2
£105K12/210.9 mi3, Skipwith Close, Hull, City Of Kingston Upon Hull HU6 8JB2
£70K12/200.9 mi1, 23rd Avenue, Hull, City Of Kingston Upon Hull HU6 8HP2

Local Rents

49 rents from £85/mo to £1.3K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65005/240.06 mi83 Haworth StreetCottingham RoadHull2
£69512/240.08 mi-2
£1,20004/240.1 miBeverley Road, Hull, East Riding Of Yorkshire, HU62
£1,30004/240.1 miEndsleigh Park, Beverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20005/240.1 miEndsleigh Park Beverley Road, Hull, East Riding Of Yorkshire, HU62
£99905/240.1 miEndsleigh Park, Beverley Road, Hull, East Riding Of Yorkshire, HU62
£99905/240.1 miBeverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20005/240.1 miEndsleigh Park Beverley Road, Hull, East Riding Of Yorkshire, HU62
£65004/240.15 miNewland Avenue, Hull, HU52
£47504/240.19 mi-2
£50004/240.19 mi-2
£65012/240.21 mi-2
£62512/240.25 mi-2
£80011/240.25 mi-2
£69505/240.26 mi631 Beverley Road, Hull, HU62
£55012/240.29 mi-2
£68504/240.3 mi-2
£52504/240.35 mi-2
£62512/240.35 mi-2
£1,12712/240.35 mi-2
£8512/230.35 miGrafton Street, Hull2
£36805/240.35 miGrafton Street, Hull2
£59504/240.36 miRaglan Street, Newland Avenue, Hull, East Yorkshire, HU52
£67512/240.36 mi-2
£75003/250.37 mi-2
£80006/240.38 mi-2
£75005/240.41 mi1 Clarendon AvenueManvers StreetHull2
£75012/240.44 mi-2
£41212/230.44 miDe Grey Street, Hull2
£41212/230.44 miDe Grey Street, Hull2
£69512/240.45 mi-2
£59511/240.47 mi-2
£60003/250.48 mi-2
£75003/240.52 mi-2
£75003/240.52 mi-2
£75003/250.52 mi-2
£60005/240.54 mi-2
£70003/250.54 mi-2
£65001/250.54 mi-2
£60011/240.56 mi-2
£62504/240.56 miSt Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU52
£55004/240.57 mi-2
£55004/240.57 mi-2
£55004/240.57 mi-2
£92504/240.57 miApartment 5, 36 Newland Park2
£80001/250.58 mi-2
£60012/240.6 mi-2
£55005/240.62 mi3 Folkstone Avenue, Hull, HU5 1BU2
£55005/240.62 mi3 Folkstone Avenue, Hull, HU5 1BU2

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

0.46 miles away

Nearest school

0.10 miles away

Nearest train station

1.82 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £75,000

July 26, 2024

Sold for £34,000

2002

Floor Plans

Description

  • No Chain Involved +
  • 2 Bedrooms +
  • 2 Reception Rooms +
  • Gas Central Heating +
  • uPVC Double Glazing +
  • Convenient Location +
  • Requires Modernisation and Refurbishment Program +
  • Great Potential +

NO CHAIN INVOLVED. A 2 Bedroom middle house situated in this very popular and convenient location close to the Hull University. The property which has gas central heating and uPVC double glazing, requires a full refurbishment program and offers a great opportunity for the developer/investor. Briefly the accommodation includes Entrance Hall, 2 Reception Rooms, Kitchen, Lobby, Shower Room and to the first floor, 2 Bedrooms. Outside is a rear courtyard. Great potential! 

LOCATION The property which is situation off Haworth Street, Cottingham Road which is a very popular area within short walking short walking distance to the many varied shops, bars and bistros down Newland Avenue. Regular bus route into Hull city centre, also a short distance away from Hull University. 

THE ACCOMMODATION COMPRISES  

GROUND FLOOR  

ENTRANCE HALL With uPVC entry door, single central heating radiator, wooden flooring and staircase leading to the first floor. 

FRONT SITTING ROOM 10' 8" x 9' 11" (3.25m x 3.02m) With uPVC double glazed window which overlooks the front, gas fire and surround, cornice and rose to the ceiling, double central heating radiator. 

2ND RECEPTION ROOM 12' 1" x 10' 6" (3.68m x 3.2m) With uPVC double glazed window overlooking the rear, double central heating radiator, wooden flooring, cornice to ceiling and understairs storage cupboard. 

KITCHEN 12' x 6' 10" (3.66m x 2.08m) With a stainless steel sink with drainer and mixer tap, base units and worktop surface areas, uPVC double glazed window which overlooks the side, plumbing for automatic washing machine.  

LOBBY With a half uPVC double glazed entry door leading to rear courtyard, tiled flooring, heated chrome towel rail and downlighters. 

SHOWER ROOM 6' x 5' 8" (1.83m x 1.73m) Being fully-tiled with shower cubicle, pedestal wash hand basin with mixer tap, low level WC, wall-mounted heated chrome towel rail, tiled flooring, cornice to the ceiling, uPVC obscured double glazed window which overlooks the rear. 

FIRST FLOOR  

LANDING With access to the roof void area and small uPVC double glazed window which overlooks the rear. 

BEDROOM 1 13' 1" x 10' 9" (3.99m x 3.28m) With uPVC double glazed window which overlooks the front and double central heating radiator. 

BEDROOM 2 11' 7" x 8' 6" (3.53m x 2.59m) With uPVC double glazed window which overlooks the rear, cupboard housing boiler serving central heating and hot water and double central heating radiator. 

OUTSIDE To the rear of the property there is a courtyard area with fencing and gate leading to pedestrian access.  

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.

Agent Details

Neil Kaye Estate Agents, Hull

01482 251746

Next Steps?

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