4 Bed Terraced House, Refurb/BRRR, Hull, HU5 1PJ, £95,000

14 Suffolk Street, Hull, HU5 1PJ - 5 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
139 m²
+7 photos

ValuationFair Value

Sold Prices£57.5K - £595K
Sold Prices/m²£853/m² - £3.1K/m²

 

 

Square Metres

139 m²
Price/m²£683/m²

Value Estimate

£96,900

 

 

End Value (After Refurb)

£155,353

Uplift in Value

+64%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Refurb Costs

£55,824

Bridging Loan Interest

£2,494

Total Cash In

£89,767

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,353

Mortgage (After Refinance)

£116,515

Mortgage LTV

75%

Cash Released

£45,265

Cash Left In

£44,503

Equity

£38,838

Rent Range

£433 - £2,275

Rent Estimate

£971

Running Costs/mo

£700

Cashflow/mo

£271

Cashflow/yr

£3,256

ROI

4%

Gross Yield

12%

Local Sold Prices

43 sold prices from £57.5K to £595K, average is £180K. £853/m² to £3.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£83.5K12/200.12 mi89, Worthing Street, Hull, Humberside HU5 1PP4
£135K01/210.18 mi24, Houston Drive, Hull, City Of Kingston Upon Hull HU5 1NJ4
£255K04/230.2 mi4, The Rydales, Hull, City Of Kingston Upon Hull HU5 1QD4
£125K05/230.24 mi101, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP4
£135K10/210.26 mi25, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£120K11/220.26 mi1, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£135K04/230.26 mi12, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K06/210.26 mi43, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K05/210.26 mi5, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£127.5K02/230.28 mi45, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£126K10/210.4 mi106, Needlers Way, Hull, City Of Kingston Upon Hull HU5 1DD4
£128K12/200.42 mi41, Walgrave Street, Hull, City Of Kingston Upon Hull HU5 2LT4
£123K09/210.44 mi51, Ventnor Street, Hull, Humberside HU5 2LR4
£280K02/230.5 mi42, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£250K09/210.5 mi26, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£226K09/220.51 mi4, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£225K10/210.55 mi2, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£245K04/230.55 mi16, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£180K04/210.56 mi83, Desmond Avenue, Hull, Humberside HU6 7JX4
£301K09/220.57 mi3, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD4
£85K07/210.58 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£85K07/210.58 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£315K07/230.61 mi22, St Anthonys Close, Hull, City Of Kingston Upon Hull HU6 7FE4
£318.2K03/230.63 mi42, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA4
£500K03/230.64 mi41, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£595K09/220.64 mi15, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£435.5K08/220.64 mi19, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£170K04/210.65 mi646, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH4
£177.5K03/210.66 mi1, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR4
£300K12/220.66 mi136, Cottingham Road, Hull, City Of Kingston Upon Hull HU6 7RY4
£250K09/210.71 mi83, Salisbury Street, Hull, City Of Kingston Upon Hull HU5 3DU4
£295K05/230.76 mi49, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EG4
£400K01/210.77 mi88, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£430K03/230.77 mi74, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£255K08/210.77 mi2, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EQ4
£395.5K02/230.78 mi701, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN4
£340K04/230.78 mi722, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JG4
£175K10/220.81 mi7, Burslem Street, Hull, City Of Kingston Upon Hull HU2 9BP4
£172K11/200.83 mi187, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2BX4
£133K01/230.86 mi74, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1RZ4
£57.5K02/210.88 mi31, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1SA4
£205K04/210.92 mi752, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7EX4
£92K07/210.93 mi3, Mayfield Street, Hull, City Of Kingston Upon Hull HU3 1NS4

Local Rents

51 rents from £433/mo to £2.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£69504/240.04 mi-4
£1,20002/250.11 mi-5
£45510/230.12 miWorthing Street, , 4
£43305/240.12 miWorthing Street , Hull, 3
£49802/250.12 mi-5
£85001/250.14 mi-3
£1,62901/250.14 mi-5
£2,27504/240.15 miLambert Street, Hull, East Riding Of Yorkshire, HU57
£69503/250.15 mi-3
£80004/240.15 miRyde Street, Hull3
£75004/240.15 miVermont Villas, Vermont St3
£85012/240.15 mi-4
£1,73303/250.16 mi-4
£1,20003/250.16 mi-4
£2,19503/250.16 mi-7
£85012/240.17 mi-4
£1,66802/250.17 mi-5
£85012/240.19 mi-3
£1,38704/240.2 mi-4
£79512/240.21 mi-3
£45504/240.21 miGrafton Street, Hull, HU54
£90012/240.22 mi-4
£69505/240.23 mi31, Abbey Way, Sculcoates Lane4
£75004/240.24 miFlat 322, Beverley RoadHull3
£75005/240.24 miFlat 322, Beverley RoadHull3
£43310/230.25 miClough Road, , Hull4
£69504/240.25 miBeverley Road, Hull3
£75004/240.25 miBeverley Road, Hull4
£77504/250.25 mi-4
£1,49001/250.25 mi-6
£46801/240.3 miHardy Street, , 4
£55005/240.31 miWalters Terrace, Newland Avenue, Hull, East Riding Of Yorkshire, HU53
£1,40004/240.31 mi-3
£1,40006/240.31 mi-3
£1,40004/240.31 miLambert Street, Hull, HU53
£1,50002/250.31 mi-3
£90004/240.31 mi-3
£90004/240.31 mi-3
£80001/250.31 mi-3
£1,38712/240.32 mi-4
£70004/240.32 mi-3
£67512/240.32 mi-3
£49805/240.32 miBethnal Green, , Hull3
£1,71105/240.33 mi-5
£1,71104/240.33 miAdderbury Grove, Hull, HU55
£43312/230.33 miNewland Avenue, Hull3
£46804/240.34 mi-4
£46812/240.34 mi-4
£72512/240.35 mi-3
£89004/240.36 mi-4
£95005/240.36 miHouse, 227 Newland AvKingston Upon Hull3

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.35 miles away

Nearest school

0.30 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £95,000

October 4, 2024

Description

  • TRADITIONAL FEATURES +
  • GOOD SIZED ROOMS +
  • CLOSE TO HULL CITY CENTRE +
  • FOUR BEDROOMS +
  • NO ONWARD CHAIN +
  • INVESTMENT OPPORTUNITY +

This spacious Four-bedroom terraced house, ideally situated off Beverley Road, offers a fantastic opportunity for both aspiring homeowners and savvy investors. Boasting generous rooms and impressive high ceilings, the property provides ample space in a prime location, just over two miles from Hull city centre. With thoughtful modernisation, this home could easily be transformed back to its former glory, offering great potential for those looking to make their mark.

This spacious four-bedroom terraced house positioned off Beverley Road presents an exciting opportunity for those looking to create their dream home or investors. With large rooms and high ceilings, this property offers plenty of space together with a good location, only just over two miles from Hull City centre. A well thought out schedule of modernisation would bring this property back to its former glory.

Accommodation Comprises -

Entrance Hall - 3.98 x 1.64 at longest and widest point. (13'0" x - Wood door with privacy glass, carpeted floor, wall mounted radiator, under stairs cupboard.

Lounge - 4.30 x 3.83 (14'1" x 12'6") - Wood door with brushed chrome handle, carpeted floor, pendant light fitting, single glazed wooden sash bay window with some secondary glazing, fireplace with electric fire and tiled surround and hearth.

Bedroom One/ Reception - 4.00 x 3.15 (13'1" x 10'4") - Wood door with a brushed chrome handle, carpeted floor, pendant light fitting, uPVC double-glazed window, wall-mounted radiator.

Kitchen - 5.64 x 2.79 (18'6" x 9'1") - Two wooden doors with brushed chrome handles, vinyl floor, strip light and ceiling light, two wooden single glazed windows with secondary glazing, wall mounted radiator, a range of wall and base units and mottled work tops, cupboard with boiler.

Cloakroom / Wc - Wood door with brushed chrome handle, tiled floor, ceiling light and low flush WC.

Utility Room - Wood door with brushed chrome handle, vinyl floor, double glazed wood privacy window, plumbing for washing machine.

Staircase/ Landing - Carpeted floor, wall mounted radiator, wooden banister and spindles, under stairs cupboard.

Shower Room - 1.67 x 1.63 (5'5" x 5'4") - Wood door with plastic knob, ceiling light, uPVC double glazed privacy window, wall mounted radiator, extractor fan, pedestal wash hand basin, low flush WC, shower cubicle with electric shower.

Separate Wc - Wood door with plastic knob.

Bedroom Two - 3.99 x 3.43 (13'1" x 11'3") - Wood door with brushed chrome handle, carpeted floor, pendent light fitting, uPVC double glazed window with rear aspect, wall mounted radiator, recess cupboard.

Bedroom Three - 5.55 x 3.63 (18'2" x 11'10") - Wood door with brushed chrome handle, carpeted floor, pendent light fitting, two wood sash windows with secondary glazing, wall mounted radiator, recess cupboard.

Staircase - Wall spotlights, wooden hand rail, carpeted floor.

Bedroom Four - 5.10 x 4.38 (16'8" x 14'4") - Wood door with brushed chrome handle, carpeted floor, three spotlight ceiling mounted fitting, uPVC double glazed dormer window, wall mounted radiator, loft hatch.

External - To the front a hedge with a concrete path and traditional tiles leading to the front door. To the rear a gravelled yard.

Council Tax: - We understand the current Council Tax Band to be A

Services : - Mains water, gas, electricity and drainage are connected.

Tenure : - We understand the Tenure of the property to be Freehold.

Mortgage Clause : - Staniford Grays provide independent financial advice through Tony Hammond of Hammond Financial. Further details and referrals immediately available through the Beverley Office Tel: and .

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

Property Particulars Disclaimer : - PROPERTY MISDESCRIPTIONS ACT 1991

The Agent has not tested any apparatus, equipment, fixture, fittings or services, and so does not verify they are in working order, fit for their purpose, or within ownership of the sellers, therefore the buyer must assume the information given is incorrect. Neither has the Agent checked the legal documentation to verify legal status of the property or the validity of any guarantee. A buyer must assume the information is incorrect, until it has been verified by their own solicitors."
The measurements supplied are for general guidance, and as such must be considered as incorrect. A buyer is advised to re-check the measurements themselves before committing themselves to any expense."

Nothing concerning the type of construction or the condition of the structure is to be implied from the photograph of the property.

The sales particulars may change in the course of time, and any interested party is advised to make final inspection of the property prior to exchange of contracts.

MISREPRESENTATION ACT 1967

These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or to commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.

If any interested party wishes to rely upon any information from the agent, then a request should be made and specific written confirmation can be provided. The Agent will not be responsible for any verbal statement made by any member of staff, as only a specific written confirmation should be relied upon. The Agent will not be responsible for any loss other than when specific written confirmation has been requested.

Agent Details

Staniford Grays, Beverley

01482 947824

Next Steps?

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