3 Bed Terraced House, Refurb/BRRR, Hull, HU9 3AX, £119,950

63 Southcoates Lane, Kingston Upon Hull, HU9 3AX - 5 views - 7 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£50K - £275K
Sold Prices/m²£674/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£97,750

 

 

End Value (After Refurb)

£130,000

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,988

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£37,200

Bridging Loan Interest

£3,149

Total Cash In

£77,186

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£130,000

Mortgage (After Refinance)

£97,500

Mortgage LTV

75%

Cash Released

£7,538

Cash Left In

£69,649

Equity

£32,500

Rent Range

£625 - £900

Rent Estimate

£738

Running Costs/mo

£574

Cashflow/mo

£164

Cashflow/yr

£1,970

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £50K to £275K, average is £120K. £674/m² to £3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£125K05/210.05 mi37, James Niven Court, Hull, City Of Kingston Upon Hull HU9 3AQ3
£135K04/230.06 mi24, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BA3
£120K05/230.06 mi58, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BA3
£117K08/210.06 mi6, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BA3
£118K03/210.1 mi51, Stephenson Street, Hull, City Of Kingston Upon Hull HU9 3BP3
£120K01/230.11 mi30, Watt Street, Hull, City Of Kingston Upon Hull HU9 3BJ3
£135K05/230.11 mi17, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3AA3
£158K07/230.11 mi72, Savery Street, Hull, City Of Kingston Upon Hull HU9 3BE3
£150K02/210.11 mi51, Savery Street, Hull, City Of Kingston Upon Hull HU9 3BE3
£169.9K08/230.11 mi36, Savery Street, Hull, City Of Kingston Upon Hull HU9 3BE3
£125K11/210.11 mi161, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3AU3
£110K07/230.11 mi85, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3AU3
£72K06/210.14 mi104, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BB3
£96K11/200.14 mi113, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BB3
£145.5K03/230.14 mi7, Stephenson Street, Hull, City Of Kingston Upon Hull HU9 3BS3
£97K01/230.14 mi95, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BB3
£130K02/230.15 mi167, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PG3
£129K01/230.16 mi4, Stephenson Street, Hull, City Of Kingston Upon Hull HU9 3BS3
£97K02/210.19 mi125, Brindley Street, Hull, City Of Kingston Upon Hull HU9 3BT3
£110K06/210.2 mi148, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PP3
£78K11/200.2 mi136, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PP3
£95K11/200.21 mi63, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DX3
£115K03/230.21 mi1, Brindley Street, Hull, City Of Kingston Upon Hull HU9 3BD3
£85K01/210.22 mi98, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DY3
£71.8K10/210.23 mi141, New Bridge Road, Hull, City Of Kingston Upon Hull HU9 2LP3
£133.5K07/210.24 mi9, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DU3
£145K09/210.24 mi43, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PN3
£88.5K03/210.24 mi51, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PN3
£83K04/210.24 mi70, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PN3
£135K11/200.25 mi30, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR3
£115K04/210.25 mi56, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR3
£50K04/210.26 mi120, New Bridge Road, Hull, City Of Kingston Upon Hull HU9 2NH3
£250K03/210.26 mi94, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PA3
£275K07/230.26 mi111, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PA3
£130K01/210.26 mi42, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EG3
£120K04/210.26 mi32, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EG3
£115K01/210.27 mi7, Farndale Avenue, Hull, City Of Kingston Upon Hull HU9 2PH3
£125K01/230.28 mi103, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ3
£136K05/230.28 mi31, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EF3
£95K04/210.28 mi16, Edison Grove, Hull, City Of Kingston Upon Hull HU9 3EE3
£112K05/210.29 mi132, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ3
£130K06/230.29 mi99, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TE3
£125K11/200.29 mi97, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TE3
£118.5K09/210.3 mi12, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL3
£109K11/210.3 mi30, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EJ3
£125K08/210.3 mi34, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EJ3
£130K09/210.31 mi83, Summergangs Road, Hull, City Of Kingston Upon Hull HU8 8JX3
£90K02/210.31 mi21, Summergangs Road, Hull, City Of Kingston Upon Hull HU8 8JX3
£90K03/210.31 mi43, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF3
£135K12/210.31 mi14, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB3

Local Rents

34 rents from £625/mo to £900/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£62503/240.05 miJames Niven Court, Hull, East Riding Of Yorkshire, HU93
£90012/240.05 mi-3
£75004/240.05 mi-3
£77512/240.05 mi-3
£70004/240.16 miRustenburg Street, Hull, HU93
£87006/240.24 miTelford Street, HULL3
£65005/240.27 miByron Street, Westcott Street3
£65006/240.27 miByron Street, Westcott Street3
£69512/240.29 mi-3
£72505/240.32 miSummergangs Road, Hull3
£75006/240.32 mi-3
£75006/240.32 mi-3
£79505/240.32 miJalland Street, Hull, HU83
£69512/240.32 mi-3
£70003/250.32 mi-3
£85003/250.33 mi-3
£72505/240.33 miSherburn Street, Hull3
£79502/250.33 mi-3
£75002/240.34 mi-3
£69506/240.35 mi-3
£69505/240.35 miBoulton Grove, Hull, HU93
£75005/240.35 mi-3
£80003/250.36 mi-3
£79505/240.38 miSevern Street, Hull3
£69505/240.41 miMersey St, Hull, HU83
£79505/240.43 miSevern Street, HULL3
£74505/240.44 mi-3
£72504/240.46 miStanhope Avenue, Holderness Road, Hull, East Yorkshire, HU93
£79504/240.46 miMersey Street, Hull3
£85001/250.52 mi-3
£72506/240.52 miWestminster Avenue, Hull3
£69504/240.52 mi-3
£80005/240.58 miCollege Grove, HULL3
£85005/240.58 miChestnut Grove, Garden Village, HU83

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.30 miles away

Nearest school

0.30 miles away

Nearest train station

2.01 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 £119,950

December 6, 2024

Listed for £130,000

August 28, 2024

Floor Plans

Description

  • 3 BEDROOM TERRACED HOUSE +
  • AVAILABLE WITH NO ONWARD CHAIN +
  • 23 FT THROUGH LOUNGE/DINING ROOM +
  • 3 GENEROUSLY SIZED BEDROOMS +
  • REAR GARDEN WITH GARAGE +
  • POPULAR AND CONVENIENT LOCATION +
  • IN NEED OF SOME MODERNISATION +
  • COUNCIL TAX BAND B +

This spacious 3 bedroomed terraced family home is available to purchase with NO ONWARD CHAIN!

Ideally located close to the nearby shops and amenities of Holderness Road as well as being within walking distance of nearby East Park and its range of leisure facilities. the property enjoys excellent transport links around the City and offers an outstanding opportunity for the discerning buyer to put their own stamp on a spacious family home in a popular and sought after area!

Being ideal for families, first time buyers and investors alike, the property briefly comprises; entrance hallway, 23 ft through lounge/dining area, kitchen and bathroom to the ground floor whilst to the first floor there are 3 generously sized bedrooms.

Also benefitting from rear garden and garage with tenfoot access together with UPVC glazing, viewing is recommended to appreciate the scale and potential of the accommodation on offer!

The Accommodation Comprises -

Entrance Hallway - UPVC door into entrance hallway with wall heater and stairs to first floor.

Lounge - 3.56m x 3.61m (11'8 x 11'10) - UPVC front bay window, carpeted flooring and feature fireplace with living flame gas fire. Open through to.....

Dining Room - 3.45m x 4.04m (11'4 x 13'3) - With carpeted flooring, feature fireplace with living flame gas fire, internal door and to.........

Kitchen - 3.99m x 3.84m (13'1 x 12'7) - Fitted base units, stainless steel sink, UPVC windows to rear and side aspect UPVC patio doors to rear garden.

Bathroom - 2.54m x 1.42m (8'4 x 4'8) - Bath with electric shower over, low flush wc and vanity sink unit with UPVC obscured glazed window to rear aspect.

First Floor Landing - Stairs from entrance hallway rising to first floor landing.

Bedroom One - 4.17m x 5.56m max (13'8 x 18'3 max) - With UPVC walk in bay and separate UPVC window to front aspect and built in wardrobes.

Bedroom Two - 3.51m x 2.84m (11'6 x 9'4) - With UPVC window to rear aspect and built in cupboard

Bedroom Three - 2.54m x 2.59m (8'4 x 8'6) - With UPVC window to rear aspect.

Outside - To the front of the property is a small fenced courtyard with mature plants and shrubs whilst to the rear is a lovely garden with lawn and an array of mature plants trees and shrubs with gate access to the rear tenfoot.

Garage - Situated at the foot of the garden is the detached garage with up and over door and secondary gates to the rear tenfoot.

Tenure - The property is Freehold

Council Tax - Council Tax band B
Kingston upon Hull City Council

Epc - Awaited

Additional Services: - Whitaker Estate Agents offer additional services via third parties: surveying, financial services, investment insurance, conveyancing and other services associated with the sale and purchase of your property.

We are legally obliged to advise a vendor of any additional services a buyer has applied to use in connection with their purchase. We will do so in our memorandum of sale when the sale is instructed to both parties solicitors, the vendor and the buyer.

Agents Notes: - Services, fittings & equipment referred to in these sales particulars have not been tested ( unless otherwise stated ) and no warranty can be given as to their condition. Please note that all measurements are approximate and for general guidance purposes only.

Free Market Appraisals/Valuations - We offer a free sales valuation service, as an Independent company we have a strong interest in making sure you achieve a quick sale. If you need advice on any aspect of buying or selling please do not hesitate to ask.

Material Information: - Construction - Brick/Tile
Conservation Area - No
Flood Risk - Low
Mobile Coverage/Signal -
Broadband - Basic 11 Mbps, Ultrafast 1000 Mbps
Coastal Erosion - No
Coalfield or Mining Area - No
Planning - None specific to the property

Whitakers Estate Agent Declaration: - Whitakers Estate Agents for themselves and for the lessors of the property, whose agents they are give notice that these particulars are produced in good faith, are set out as a general guide only & do not constitute any part of a contract. No person in the employ of Whitakers Estate Agents has any authority to make or give any representation or warranty in relation to this property.

Agent Details

Whitakers, Hull East

01482 251872

Next Steps?

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