2 Bed Semi-Detached House, Cash/Bridging Only, Hull, HU9 2RN, £105,000

Middleham Close, Hull, HU9 2RN - 8 months ago

Sold STC

Cash

ROI: 4%

~68 m²

+13 photos

ValuationOvervalued

Sold Prices	£51K - £148K
Sold Prices/m²	£619/m² - £2.7K/m²

Square Metres	~68.11 m²
Price/m²	£1.5K/m²
Value Estimate	£75,679£75,679

End Value (After Refurb)	£87,875£87,875

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£26,250£26,250
Stamp Duty & Legal Fees	£4,350£4,350
Refurb Costs	£27,244£27,244
Bridging Loan Interest	£2,756£2,756
Total Cash In	£62,351£62,351

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£87,875£87,875
Mortgage (After Refinance)	£65,906£65,906
Mortgage LTV	75%75%
Cash Left In	£62,351£62,351
Equity	£21,969£21,969
Rent Range	£475 - £750£475 - £750
Rent Estimate	£618
Running Costs/mo	£418£418
Cashflow/mo	£200£200
Cashflow/yr	£2,397£2,397
ROI	4%4%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £51K to £148K, average is £85.5K. £619/m² to £2.7K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£66.5K	11/20	0.05 mi	159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS	£782	85	2	Terraced House
£75K	03/23	0.05 mi	159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS	£882	85	2	Terraced House
£70K	03/21	0.09 mi	191, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ	£1,111	63	2	Terraced House
£70K	11/20	0.09 mi	115, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ	£1,148	61	2	Terraced House
£59K	02/21	0.09 mi	111, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ	£1,054	56	2	Terraced House
£55K	12/22	0.11 mi	145, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TA	£724	76	2	Terraced House
£90.5K	01/23	0.11 mi	21, Staxton Court, Hull, City Of Kingston Upon Hull HU9 2RW	-	-	2	Semi-Detached House
£62.5K	02/23	0.13 mi	86, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RR	£1,059	59	2	Terraced House
£51K	12/20	0.13 mi	111, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TE	£662	77	2	Terraced House
£70K	07/21	0.17 mi	60, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL	£1,111	63	2	Terraced House
£86K	07/23	0.17 mi	80, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL	-	-	2	Terraced House
£57K	01/21	0.18 mi	61, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF	£731	78	2	Terraced House
£115K	09/21	0.19 mi	1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF	£1,983	58	2	Terraced House
£115K	09/21	0.19 mi	1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF	£1,983	58	2	Terraced House
£52K	11/20	0.2 mi	73, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH	£924	56	2	Terraced House
£62.5K	04/21	0.2 mi	89, Belmont Street, Hull, Humberside HU9 2RH	-	-	2	Terraced House
£70K	12/21	0.2 mi	99, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH	£1,346	52	2	Terraced House
£80K	01/23	0.23 mi	21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN	£1,058	76	2	Terraced House
£65K	05/23	0.24 mi	25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG	-	-	2	Terraced House
£77K	04/23	0.24 mi	15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG	£987	78	2	Terraced House
£103.5K	07/21	0.24 mi	28, Teesdale Avenue, Hull, City Of Kingston Upon Hull HU9 3UG	-	-	2	Semi-Detached House
£113K	10/21	0.25 mi	48, Swaledale Avenue, Hull, City Of Kingston Upon Hull HU9 3UE	£1,794	63	2	Semi-Detached House
£74.2K	06/23	0.25 mi	87, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS	-	-	2	Terraced House
£90K	12/20	0.26 mi	46, Westerdale Grove, Hull, City Of Kingston Upon Hull HU9 3UJ	£1,324	68	2	Semi-Detached House
£87.5K	01/23	0.26 mi	88, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS	£1,006	87	2	Terraced House
£148K	01/21	0.29 mi	492, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3UB	£1,423	104	2	Terraced House
£67.5K	11/20	0.29 mi	65, New Bridge Road, Hull, Humberside HU9 2RB	£786	86	2	Terraced House
£110K	02/23	0.32 mi	33, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL	-	-	2	Terraced House
£80K	02/23	0.33 mi	57, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE	£1,055	76	2	Terraced House
£95K	10/21	0.34 mi	97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE	£1,277	74	2	Terraced House
£75K	03/21	0.34 mi	97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE	£1,008	74	2	Terraced House
£80K	09/21	0.34 mi	49, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE	£1,081	74	2	Terraced House
£55.9K	03/23	0.35 mi	80, Wynburg Street, Hull, City Of Kingston Upon Hull HU9 2PB	£765	73	2	Terraced House
£85K	11/20	0.38 mi	13, Bedale Avenue, Hull, City Of Kingston Upon Hull HU9 3AN	£1,308	65	2	Terraced House
£126K	06/23	0.39 mi	14, James Niven Court, Hull, City Of Kingston Upon Hull HU9 3AQ	-	-	2	Terraced House
£96K	02/23	0.39 mi	71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX	£1,600	60	2	Terraced House
£95.5K	01/21	0.41 mi	5, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL	£1,769	54	2	Semi-Detached House
£120K	08/23	0.41 mi	22, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL	-	-	2	Semi-Detached House
£64K	11/20	0.42 mi	44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB	£736	87	2	Terraced House
£52K	03/21	0.43 mi	2, Dene Street, Hull, City Of Kingston Upon Hull HU9 2LX	£619	84	2	Terraced House
£105K	01/21	0.46 mi	30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£1,458	72	2	Semi-Detached House
£136K	02/23	0.48 mi	29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£2,720	50	2	Semi-Detached House
£88K	03/21	0.5 mi	81, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DY	£1,239	71	2	Terraced House
£102.5K	01/21	0.5 mi	148, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ	£1,192	86	2	Terraced House
£92K	03/21	0.5 mi	113, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ	-	-	2	Terraced House
£134.5K	12/22	0.5 mi	129, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ	-	-	2	Semi-Detached House
£115K	09/21	0.53 mi	70, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DX	-	-	2	Terraced House
£122.5K	03/23	0.53 mi	20, Edison Grove, Hull, City Of Kingston Upon Hull HU9 3EE	£1,706	72	2	Semi-Detached House
£88.5K	06/23	0.55 mi	38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG	-	-	2	Terraced House
£139K	07/21	0.58 mi	40, Mast Drive, Hull, City Of Kingston Upon Hull HU9 1ST	£2,172	64	2	Semi-Detached House

Local Rents

50 rents from £475/mo to £750/mo, average is £595/mo.

Rent	Date	Distance	Address	Beds	Type
£545	04/24	0.05 mi	Estcourt St, Hull, HU9	2	Terraced House
£595	04/24	0.06 mi	Avon Vale, Estcourt St, Hull, HU9	2	Terraced House
£495	05/24	0.06 mi	Avon Vale, HU9	2	Terraced House
£550	05/24	0.06 mi	Estcourt Street, Hull, Yorkshire, HU9	2	Terraced House
£750	03/25	0.08 mi	-	2	Terraced House
£625	05/24	0.08 mi	Estcourt St, Hull, HU9	2	Terraced House
£625	05/24	0.08 mi	Byland Court, Hull, East Riding Of Yorkshire, HU9	2	Semi-Detached House
£625	05/24	0.08 mi	6 Byland Court, HU9 2RQ	2	Semi-Detached House
£700	02/25	0.08 mi	-	2	Terraced House
£475	03/24	0.09 mi	Belmont Street, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£595	05/24	0.09 mi	4 Crompton Villas	2	Terraced House
£700	05/24	0.1 mi	-	2	Terraced House
£750	04/25	0.1 mi	-	2	Terraced House
£500	05/24	0.11 mi	Rosmead Street, Hull, HU9	2	Terraced House
£625	03/25	0.12 mi	-	2	Terraced House
£595	06/24	0.13 mi	113 Rosmead Street, HU9 2TE	2	Terraced House
£650	04/24	0.14 mi	-	2	Terraced House
£630	04/24	0.14 mi	-	2	Terraced House
£675	04/25	0.14 mi	-	2	Terraced House
£600	05/24	0.15 mi	Madoline Grove, Estcourt Street, Hull, East Yorkshire, HU9	2	Terraced House
£550	05/24	0.16 mi	-	2	Terraced House
£525	04/24	0.17 mi	5 Rosebury Villas, Rosmead Street, Hull, HU9 2TN	2	Terraced House
£650	04/25	0.17 mi	-	2	Terraced House
£575	12/24	0.18 mi	-	2	Terraced House
£575	05/24	0.21 mi	9 Allendale, Middleburg Street, Newbridge Road, Hull,HU9 2QX	2	Terraced House
£600	05/24	0.21 mi	-	2	Terraced House
£550	04/24	0.21 mi	Middleburg Street, HU9	2	Terraced House
£625	06/24	0.22 mi	Middleburg Street, Hull	2	Terraced House
£650	04/24	0.27 mi	Rensburg St, Hull, HU9	2	Terraced House
£575	05/24	0.28 mi	-	2	Terraced House
£575	04/24	0.28 mi	New Bridge Road, Southcoates, Hull, HU9 2RF	2	Terraced House
£560	04/24	0.28 mi	Wenlock Terrace, Rustenburg Street, Hull, East Yorkshire, HU9	2	Terraced House
£650	05/24	0.29 mi	-	2	Terraced House
£595	04/25	0.29 mi	-	2	Terraced House
£575	05/24	0.29 mi	Albert Avenue, Hull, HU9	2	Terraced House
£550	04/25	0.3 mi	-	2	Terraced House
£575	03/25	0.31 mi	-	2	Terraced House
£625	03/25	0.31 mi	-	2	Terraced House
£550	03/25	0.33 mi	-	2	Terraced House
£600	12/24	0.33 mi	-	2	Terraced House
£595	02/25	0.33 mi	-	2	Flat
£600	04/24	0.33 mi	-	2	Terraced House
£675	05/24	0.34 mi	Wynburg Street, Hull	2	Terraced House
£650	02/24	0.35 mi	-	2	Terraced House
£700	12/24	0.35 mi	-	2	Terraced House
£550	04/24	0.35 mi	Mables Villas, Holland Street, Hull, HU9	2	Terraced House
£550	04/24	0.35 mi	Mables Villas, Holland Street, Hull	2	House
£575	05/24	0.35 mi	Wynburg Street, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£575	05/24	0.35 mi	Wynburg Street, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£575	05/24	0.35 mi	13 Wynburg Street, HU9 2PA	2	Terraced House

Local Area Statistics

Population in HU9	40,94840,948
Population in Hull	313,622313,622
Town centre distance	2.48 miles away2.48 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.92 miles away1.92 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £105,000

August 15, 2024

Floor Plans

Description

House Bathroom +
Parking for Two Cars +
Two Double Bedrooms +
Lovely Ready to Move Into Condition +
A Superb First Time Buyer Property +
Immediate Viewing Essential and Now Invited +
Beautiful Low Maintenance Front and Rear Gardens +
A Fitted Breakfast Kitchen +
Lounge +

*A SUPERB FIRST TIME BUYER PROPERTY - DRIVE AND CAR PORT FOR TWO CARS - £2,000 CASH BACK ON COMPLETION - NO FORWARD CHAIN AND LOVELY READY TO MOVE INTO CONDITION - BE QUICK TO VIEW!!!*

Welcome to Middleham Close, Hull where an exceptional opportunity awaits a discerning buyer and is offered to the sales market with NO FORWARD CHAIN.. This lovely semi-detached house is now available for sale, presenting a superb first-time buyer property in a prime location. This lovely property is in a ready-to-move-into condition making it an ideal choice for anyone seeking a comfortable and convenient home. The well-maintained front and rear gardens offer a beautiful low-maintenance outdoor space perfect for relaxation and entertaining.

Upon entering youll find a welcoming entrance hall, a lovely lounge with feature fireplace providing a cozy setting for gatherings and everyday living. The fitted breakfast kitchen offers a functional space for culinary enthusiasts. To the first floor there are two double bedrooms and house bathroom (the £2,000 cash back is offered only with a full asking price offer on completion for the new owner to fit a new bathroom suite). Additionally the property features a side drive and carport offering parking for two cars, ensuring convenience for residents and their guests.

Embrace this exceptional opportunity to reside in a vibrant area that seamlessly combines comfort, convenience and community. Immediate viewing is essential, dont miss out on the chance to make this wonderful property your new home.

EPC Rating - To Follow

Council Tax Band - B

Mains - Drainage, Water, Electric and Gas

Agent Details

Zest, Hull

01482 251703

Next Steps?

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

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Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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