3 Bed Semi-Detached House, Refurb/BRRR, Hornsea, HU18 1RW, £315,000

3 Craigneuk Hull Road, Hornsea, HU18 1RW - 7 months ago

Refurb/BRRR
~150 m²
+28 photos

ValuationOvervalued

Sold Prices£69.5K - £415K
Sold Prices/m²£827/m² - £3.2K/m²

 

 

Square Metres

~150 m²
Price/m²£2.1K/m²

Value Estimate

£298,171

 

 

End Value (After Refurb)

£290,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£20,200

Refurb Costs

£60,345

Bridging Loan Interest

£8,269

Total Cash In

£169,314

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£290,975

Mortgage (After Refinance)

£218,231

Mortgage LTV

75%

Cash Left In

£169,314

Equity

£72,744

Rent Range

£350 - £1,350

Rent Estimate

£672

Running Costs/mo

£1,064

Cashflow/mo

£-392

Cashflow/yr

£-4,700

Gross Yield

3%

Local Sold Prices

50 sold prices from £69.5K to £415K, average is £189.5K. £827/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£196K08/220.13 mi18, Lindale Avenue, Hornsea, East Riding Of Yorkshire HU18 1RN3
£286.9K09/220.21 mi32, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£162.5K12/200.25 mi45, Rawson Way, Hornsea, East Riding Of Yorkshire HU18 1DH3
£163K10/200.25 mi32, Rawson Way, Hornsea, East Riding Of Yorkshire HU18 1DH3
£169K02/210.27 mi58, Marlborough Avenue, Hornsea, East Riding Of Yorkshire HU18 1UA3
£165K10/220.28 mi20, Stanley Avenue, Hornsea, East Riding Of Yorkshire HU18 1UG3
£155K04/210.29 mi27, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£205K12/200.29 mi13, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£200K02/210.29 mi5, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£180K09/210.36 mi10, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1UF3
£220K10/200.4 mi8, Greenacre Park, Hornsea, East Riding Of Yorkshire HU18 1UW3
£295K03/230.4 mi44, Greenacre Park, Hornsea, East Riding Of Yorkshire HU18 1UW3
£255K06/210.4 mi56, Greenacre Park, Hornsea, East Riding Of Yorkshire HU18 1UW3
£129.9K05/210.41 mi3, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1TD3
£69.5K01/230.41 mi5, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1TD3
£205K12/220.41 miSt Joan, Southgate, Hornsea, East Riding Of Yorkshire HU18 1RH3
£253K05/230.44 mi60, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1UN3
£295K08/230.49 miRoutenburn, Strawberry Gardens, Hornsea, East Riding Of Yorkshire HU18 1US3
£415K12/200.49 miFoss Dene, Strawberry Gardens, Hornsea, East Riding Of Yorkshire HU18 1US3
£197.5K12/200.49 mi10, Cedar Close, Hornsea, East Riding Of Yorkshire HU18 1TY3
£230K11/220.54 mi8, Cherry Close, Hornsea, East Riding Of Yorkshire HU18 1TU3
£169.9K12/220.54 mi56, Pickering Avenue, Hornsea, East Riding Of Yorkshire HU18 1TR3
£125K10/200.56 mi28, The Crescent, Hornsea, East Riding Of Yorkshire HU18 1SP3
£109.6K10/200.56 mi8, Burton Lane, Hornsea, East Riding Of Yorkshire HU18 1TN3
£195.9K09/220.56 mi1, Beechwood, Hornsea, East Riding Of Yorkshire HU18 1RZ3
£165K02/210.56 mi5, Beechwood, Hornsea, East Riding Of Yorkshire HU18 1RZ3
£175K01/230.56 mi7, Beechwood, Hornsea, East Riding Of Yorkshire HU18 1RZ3
£165K06/230.57 mi18, Queens Gardens, Hornsea, East Riding Of Yorkshire HU18 1AU3
£192K07/220.57 mi2, Queens Gardens, Hornsea, East Riding Of Yorkshire HU18 1AU3
£148K12/220.58 mi10, Ebor Avenue, Hornsea, East Riding Of Yorkshire HU18 1SR3
£192.5K08/220.61 mi29, Tansley Lane, Hornsea, East Riding Of Yorkshire HU18 1TS3
£335K02/230.64 miHillcroft, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1XG3
£132K10/200.64 mi18, The Birches, Hornsea, East Riding Of Yorkshire HU18 1TX3
£192K02/210.65 mi44, Southgate, Hornsea, East Riding Of Yorkshire HU18 1AL3
£187K06/220.65 mi1, Football Green, Hornsea, East Riding Of Yorkshire HU18 1RA3
£128K07/210.65 mi5, King Street, Hornsea, East Riding Of Yorkshire HU18 1RD3
£106.3K11/200.67 mi29, Southgate Gardens, Hornsea, East Riding Of Yorkshire HU18 1RB3
£155K06/210.68 miConingsby House, Back Westgate, Hornsea, East Riding Of Yorkshire HU18 1BL3
£120K04/210.69 mi16, Westgate, Hornsea, East Riding Of Yorkshire HU18 1BP3
£165K01/230.7 mi10, Desmond Avenue, Hornsea, East Riding Of Yorkshire HU18 1AF3
£120K04/230.7 mi14, Desmond Avenue, Hornsea, East Riding Of Yorkshire HU18 1AF3
£105K10/220.7 mi1, Desmond Avenue, Hornsea, East Riding Of Yorkshire HU18 1AF3
£195K11/210.72 mi14, Tranmere Park, Hornsea, East Riding Of Yorkshire HU18 1QZ3
£332.5K10/200.72 miWindward, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1XG3
£319K05/210.81 mi35, Cheyne Walk, Hornsea, East Riding Of Yorkshire HU18 1BX3
£225K04/210.88 mi19, Eastbourne Road, Hornsea, East Riding Of Yorkshire HU18 1QS3
£250K02/210.92 mi1, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF3
£232.5K02/210.93 mi23, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF3
£215K12/220.93 miCherry Tree House, Atwick Road, Hornsea, East Riding Of Yorkshire HU18 1EG3
£143K03/210.93 miMeadow View, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB3

Local Rents

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

RentDateDistanceAddressBeds 
£87504/240.11 miStrickland Drive, Hornsea3
£85001/250.39 mi-2
£69504/240.54 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£80004/240.63 miBeckside, Hornsea2
£75001/250.64 mi-3
£87504/240.68 miStrickland Drive, Hornsea3
£37004/240.71 mi-1
£42003/240.71 mi-1
£50003/250.71 mi-1
£37005/240.71 mi-1
£35003/250.71 mi-1
£37012/240.71 mi-1
£45003/250.71 mi-1
£37004/240.71 miNewbegin, Hornsea, HU181
£70004/240.73 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£70005/240.73 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£1,35005/240.95 mi-2
£1,35008/240.95 mi-2
£47505/240.97 mi-1
£47503/250.97 mi-1
£47504/240.97 miNew Road, Hornsea, HU181
£67505/241 miRailway Street, Hornsea2
£69504/241.02 miBroadway, Hornsea1
£57504/241.03 miBroadway, Hornsea1
£77503/251.23 mi-3
£79506/231.3 mi-3
£85008/241.3 mi-3
£79504/241.32 miCliff Terrace, Hornsea4

Local Area Statistics

Population in HU18

8,603

Town centre distance

0.47 miles away

Nearest school

0.70 miles away

Nearest train station

10.13 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £315,000

September 5, 2024

Floor Plans

Description

Enjoying an elevated position, overlooking Hornsea Mere and surrounding grassland is this fabulous semi detached property in a highly desirable location. Rarely available, the property boasts 3/4 bedrooms and 3/4 reception rooms and is in need of a bit of general modernisation but really must be viewed to appreciate the size of the accommodation on offer.
The property is approached via a private driveway which leads to integral garage.
Internally there is a welcoming entrance porch, hallway with stairs to first floor, through lounge/diner, front living room, rear sun room, kitchen with pantry and ground floor W.C. completing the ground floor.
To the first floor are three bedrooms and a first floor living room with dual aspect windows and views of the Mere. The agent feels this room could be remodelled to provide a fabulous master suite subject to the necessary approvals. To the first floor is also a shower room.
Externally are fully enclosed, mature gardens with trees, shrubs and flowers along with brick built outbuildings, sheds and a green house.

EPC - D
Council Tax - C
Tenure - Freehold

Front Garden - Driveway with parking.

Entrance Porch - Tiled flooring, Entrance door

Entrance Hall - Entrance door, Window to front of property, Staircase to first floor, Under stairs cupboard, Radiator, Banister, Wooden flooring, Coving.

Cloakroom Wc - Window to rear of property, WC, Wash hand basin, Part tiled walls, Tiled flooring

Through Lounge Diner - 5.94 x 3.13 (19'5" x 10'3") - Window to rear of property, Fireplace with gas fire, Coving to ceiling, 2 x radiator, Sliding doors to front room, Built in furniture, Part beamed ceiling, Carpet

Front Room - 4.09 x 3.26 (13'5" x 10'8") - Window to front of property, Fireplace with electric fire, Coving to ceiling, Radiator

Kitchen - 3.82 x 2.94 (12'6" x 9'7") - Window to side of property, Fitted wall and base units, Work surfaces, Single drainer with composite bowl sink, Electric cooker point, Space for range style oven, Part tiled walls, Wooden beam features to ceiling, Heater (wall mounted), Parquet and tiled flooring. Pantry cupboard with window to rear and built in cupboard. Extra cupboard housing boiler (3 years old).

Sunroom - 5 x 2.02 (16'4" x 6'7") - Window to side and rear of property, Doors into garden, Tiled and parquet flooring, Wall mounted heater, Part beamed ceiling.

1st Floor Sitting Room - 6.33 x 4.49 (20'9" x 14'8") - Window to front and rear of property, Fireplace with electric fire, Beamed ceiling, Built in wardrobes/cupboards

First First Landing - Widow to side of property, Cupboard, Banister

Master Bedroom - 4.08 x 2.96 (13'4" x 9'8") - Window to front of property, Built in wardrobes, Coving to ceiling, Radiator

Bedroom 2 - 3.87 x 2.98 (12'8" x 9'9") - Window to rear of property, Built in wardrobes and dressing table, Radiator, Built in airing cupboard

Bedroom 3/Office - 2.87 x 1.97 (9'4" x 6'5") - Circular window to front of property, Built in cupboard, Radiator. Doors into 1st floor sitting room.

Shower Room - 2.09 x 1.95 (6'10" x 6'4") - Window to rear of property, WC, Wash hand basin with storage under, Step in shower, Part tiled walls, Storage cupboards, Coving.

Rear Garden - Laid mainly to lawn, Paved areas, Garden shed, Hedge boundaries, Planted borders, Greenhouse, Courtyard area at rear of property, Summer House, Aviary, Inner passage to front of property, Mature shrubs and trees.

Garage - Integral, Up & Over door, Light points, Power points, Wide garage with storage, Windows to side of property, Opens to garden at rear.

Workshop - 3.21 x 1.81 (10'6" x 5'11") - Brick built, Power points

Shed X 2 - Brick built

Agent Details

Our House Estate Agents, Hornsea

01964 775308

Next Steps?

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

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