4 Bed Detached House, Refurb/BRRR, Hornsea, HU18 1HF, £250,000

442 Ashcourt Drive, Hornsea, HU18 1HF - 8 months ago

Sold STC
Refurb/BRRR
~119 m²
+14 photos

ValuationOvervalued

Sold Prices£161K - £457.5K
Sold Prices/m²£964/m² - £2.8K/m²

 

 

Square Metres

~119 m²
Price/m²£2.1K/m²

Value Estimate

£236,938

 

 

End Value (After Refurb)

£272,000

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£47,874

Bridging Loan Interest

£6,563

Total Cash In

£132,386

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£272,000

Mortgage (After Refinance)

£204,000

Mortgage LTV

75%

Cash Released

£16,500

Cash Left In

£115,886

Equity

£68,000

Rent Range

£350 - £1,350

Rent Estimate

£672

Running Costs/mo

£1,004

Cashflow/mo

£-332

Cashflow/yr

£-3,989

Gross Yield

3%

Local Sold Prices

49 sold prices from £161K to £457.5K, average is £287.5K. £964/m² to £2.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£277.5K12/200.06 mi3, Shardlow Road, Hornsea, East Riding Of Yorkshire HU18 1EY4
£328K10/200.06 mi2, Shardlow Road, Hornsea, East Riding Of Yorkshire HU18 1EY4
£259.9K03/230.07 mi87, Ashcourt Drive, Hornsea, East Riding Of Yorkshire HU18 1HF4
£245K12/200.07 mi46, Ashcourt Drive, Hornsea, East Riding Of Yorkshire HU18 1HF4
£325K07/210.11 mi18, Draycott Avenue, Hornsea, East Riding Of Yorkshire HU18 1EX4
£230K07/220.13 mi3, Swallow Close, Hornsea, East Riding Of Yorkshire HU18 1LB4
£280K12/200.14 mi12, Draycott Avenue, Hornsea, East Riding Of Yorkshire HU18 1HH4
£210K10/200.16 mi1, Swallow Close, Hornsea, East Riding Of Yorkshire HU18 1LB4
£295K06/230.16 mi20, Swallow Close, Hornsea, East Riding Of Yorkshire HU18 1LB4
£220K10/200.17 mi11, Swift Close, Hornsea, East Riding Of Yorkshire HU18 1LD4
£320K07/210.21 mi6, Ashcourt Close, Hornsea, East Riding Of Yorkshire HU18 1HG4
£415K12/220.21 mi9, Ashcourt Close, Hornsea, East Riding Of Yorkshire HU18 1HG4
£268K06/230.27 miBayonne, Carlton Avenue, Hornsea, East Riding Of Yorkshire HU18 1JG4
£190K06/230.28 mi8, Clifford Street, Hornsea, East Riding Of Yorkshire HU18 1HZ4
£200K01/210.28 mi36, Clifton Street, Hornsea, East Riding Of Yorkshire HU18 1HY4
£420K11/200.29 miSunfield House, Westwood Avenue, Hornsea, East Riding Of Yorkshire HU18 1EE4
£457.5K01/210.32 mi42, Eastgate, Hornsea, East Riding Of Yorkshire HU18 1LW4
£161K03/210.33 mi103, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1JB4
£211.5K07/230.33 mi109, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1JB4
£211.5K07/230.33 mi109, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1JB4
£200K03/210.35 mi71, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1HU4
£384K10/200.37 miLapstone, The Leys, Hornsea, East Riding Of Yorkshire HU18 1ET4
£187.5K09/220.37 mi86, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1HX4
£290K01/210.39 mi49, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1LS4
£210K06/230.44 mi6, Westgate, Hornsea, East Riding Of Yorkshire HU18 1BN4
£287.5K10/200.44 mi79, Cheyne Garth, Hornsea, Humberside HU18 1BF4
£310K12/200.44 mi67, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF4
£320K10/210.44 mi51, Cheyne Garth, Hornsea, Humberside HU18 1BF4
£299.9K05/210.44 mi83, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF4
£265K05/210.44 mi71, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF4
£315K03/230.44 mi36, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF4
£360K07/230.44 mi40, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF4
£280K02/210.45 mi49, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF4
£230K12/200.46 mi2, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1LL4
£330K10/200.47 mi28, Westgate, Hornsea, East Riding Of Yorkshire HU18 1BP4
£415K06/210.49 miRoseway, Westbourne Road, Hornsea, East Riding Of Yorkshire HU18 1PQ4
£292.5K07/220.5 mi70, Southgate, Hornsea, East Riding Of Yorkshire HU18 1AL4
£316K08/220.5 mi11, New Road, Hornsea, East Riding Of Yorkshire HU18 1PG4
£285K10/220.54 mi20, Constable Road, Hornsea, East Riding Of Yorkshire HU18 1PN4
£412K04/230.55 miWesley House, Back Southgate, Hornsea, East Riding Of Yorkshire HU18 1BB4
£422K04/210.56 miMereton, Seaton Road, Hornsea, East Riding Of Yorkshire HU18 1BS4
£258K06/230.57 mi46, Burton Road, Hornsea, East Riding Of Yorkshire HU18 1QY4
£392K08/230.63 miWayside, Football Green, Hornsea, East Riding Of Yorkshire HU18 1RA4
£330K02/210.63 miTall Trees, Football Green, Hornsea, East Riding Of Yorkshire HU18 1RA4
£300K01/230.71 mi15, Tranmere Park, Hornsea, East Riding Of Yorkshire HU18 1QZ4
£227.5K06/230.82 mi9, Hornsea Burton Road, Hornsea, East Riding Of Yorkshire HU18 1TP4
£192K11/200.82 mi3, Hornsea Burton Road, Hornsea, East Riding Of Yorkshire HU18 1TP4
£330K10/220.83 miThe Hawthorns, Burton Lane, Hornsea, East Riding Of Yorkshire HU18 1TN4
£162.5K12/220.99 mi22, The Crescent, Hornsea, East Riding Of Yorkshire HU18 1SP4

Local Rents

28 rents from £350/mo to £1.4K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£77503/250.09 mi-3
£79506/230.17 mi-3
£85008/240.17 mi-3
£79504/240.39 miCliff Terrace, Hornsea4
£70004/240.43 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£70005/240.43 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£37004/240.48 mi-1
£42003/240.48 mi-1
£50003/250.48 mi-1
£37005/240.48 mi-1
£35003/250.48 mi-1
£37012/240.48 mi-1
£45003/250.48 mi-1
£37004/240.48 miNewbegin, Hornsea, HU181
£87504/240.49 miStrickland Drive, Hornsea3
£47505/240.5 mi-1
£47503/250.5 mi-1
£47504/240.5 miNew Road, Hornsea, HU181
£67505/240.58 miRailway Street, Hornsea2
£69504/240.64 miBroadway, Hornsea1
£57504/240.65 miBroadway, Hornsea1
£1,35005/240.68 mi-2
£1,35008/240.68 mi-2
£80004/240.72 miBeckside, Hornsea2
£69504/241.17 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£75001/251.19 mi-3
£85001/251.23 mi-2
£87504/241.24 miStrickland Drive, Hornsea3

Local Area Statistics

Population in HU18

8,603

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

10.49 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £250,000

July 31, 2024

Floor Plans

Description

  • DETACHED PROPERTY +
  • LARGE CORNER PLOT +
  • 4 BEDROOMS +
  • PRIVATE PARKING AND GARAGE +
  • PRIMED FOR RENOVATION +
  • POPULAR LOCATION +

GENEROUS CORNER PLOT

This property sits on a great sized plot in a central position within the ever popular Ashcourt area of Hornsea. Whilst this property requires renovations throughout, it also offers bags of potential and space to become a stunning family home! Being a blank canvas, this property offers endless possibilities to a multitude of buyers (subject to any necessary planning consents).
With wrap around gardens, private driveway plus garage externally and 2 reception rooms, kitchen, downstairs W.C, 4 bedrooms (master with en-suite) and bathroom internally.

There is a lot to like about this property and if you are looking for a good size family home for a good price then this is certainly one to consider!

EPC - D
Council Tax - C
Tenure - Freehold

Front Garden - Driveway with parking for 2 cars.

Entrance Hall - Entrance door, staircase to first floor, carpeted.

Cloakroom (W.C) - W.C, pedestal hand wash basin, radiator.

Lounge - 3.7 x 5.1 (12'1" x 16'8") - Window to side of property, two small windows to rear of property, doors to rear/side of property, painted wooden fireplace with gas fire, coving to ceiling, dado rail, radiator, carpeted.

Dining Room - 3.2 x 3.1 (10'5" x 10'2") - Windows to front and rear of property, radiator, under stairs cupboard.

Kitchen - 3.2 x 2.9 (10'5" x 9'6") - Window to front of property, fitted wall and base units, work surfaces, free standing gas cooker and hob, built in electric double oven, part tiled walls, coving to ceiling, spotlights, space and plumbing for dishwasher, space for large fridge freezer.

Rear Porch -

First Floor Landing - Loft access, storage cupboard.

Master Bedroom - 5.1 x 3.3 (16'8" x 10'9") - Window to front and side of property, dado rail, radiator, large walk in storage cupboard, carpeted.

Bedroom 2 - 3.1 x 5.1 x 3.2 (p shaped) (10'2" x 16'8" x 10'5" - Window to front of property, ceiling rose, dado rail, carpeted, electric heater.

En-Suite - 3.2 x 1.6 (10'5" x 5'2") - Step in shower, windows to rear and side of property, radiator, tiled.

Bedroom 3 - 3.0 x 2.9 (9'10" x 9'6") - Window to front and side of property, radiator, laminate flooring.

Bedroom 4 - 3.3 x 2.1 (10'9" x 6'10") - Radiator, carpeted, storage cupboard.

Bathroom - 2.0 x 2.0 (6'6" x 6'6") - Window to front of property, W.C, pedestal hand wash basin, panelled bath with shower over, tiled walls, radiator, carpeted.

Rear Garden - Laid mainly to lawn, paved area, side access, garden shed, hedged boundaries.

Garage - Attached.

Agent Details

Our House Estate Agents, Hornsea

01964 775308

Next Steps?

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