3 Bed Terraced House, Refurb/BRRR, Hull, HU3 3QE, £85,000

St. Georges Road, Hull, HU3 3QE - 6 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~110 m²
+12 photos

ValuationUndervalued

Sold Prices£57K - £185.5K
Sold Prices/m²£535/m² - £1.9K/m²

 

 

Square Metres

~110 m²
Price/m²£773/m²

Value Estimate

£87,550
BMV3%

 

 

End Value (After Refurb)

£97,505

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£44,203

Bridging Loan Interest

£2,231

Total Cash In

£74,884

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£97,505

Mortgage (After Refinance)

£73,129

Mortgage LTV

75%

Cash Released

£9,379

Cash Left In

£65,505

Equity

£24,376

Rent Range

£595 - £1,500

Rent Estimate

£821

Running Costs/mo

£489

Cashflow/mo

£332

Cashflow/yr

£3,985

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £57K to £185.5K, average is £96.9K. £535/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£85K07/230.06 mi110, Somerset Street, Hull, City Of Kingston Upon Hull HU3 3QG3
£111K02/230.06 mi138, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE3
£60K07/230.06 mi136, Somerset Street, Hull, City Of Kingston Upon Hull HU3 3QH3
£95K02/230.08 mi3, Dorado Close, Hull, City Of Kingston Upon Hull HU3 3QR3
£67K04/210.09 mi28, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR3
£132K09/220.12 mi11, Edinburgh Street, Hull, City Of Kingston Upon Hull HU3 5AP3
£110K01/210.14 mi52, Clairbrook Close, Hull, City Of Kingston Upon Hull HU3 3QQ3
£67K04/210.17 mi59, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EE3
£77K12/200.2 mi116, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BY3
£58K11/200.2 mi49, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BJ3
£57K12/220.22 mi35, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BH3
£105K03/230.23 mi76, Greek Street, Hull, City Of Kingston Upon Hull HU3 6DE3
£90K12/200.26 mi38, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£90K12/220.26 mi28, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£96K03/210.27 mi32, Gordon Street, Hull, City Of Kingston Upon Hull HU3 3HN3
£125K03/230.28 mi73, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ET3
£85K11/200.28 mi96, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£60K05/230.31 mi11, Ribble Street, Hull, City Of Kingston Upon Hull HU3 3SF3
£110K01/230.32 mi40, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£87K11/210.33 mi9, Selby Street, Hull, City Of Kingston Upon Hull HU3 3PB3
£120K03/210.34 mi65, Boulevard, Hull, City Of Kingston Upon Hull HU3 2UD3
£105K06/210.35 mi63, Glencoe Street, Hull, City Of Kingston Upon Hull HU3 6HR3
£118K11/200.35 mi110, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PY3
£105K08/210.35 mi30, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ES3
£95K12/220.4 mi19, Ena Street, Hull, City Of Kingston Upon Hull HU3 2TG3
£80K01/230.4 mi31, Queensgate Street, Hull, City Of Kingston Upon Hull HU3 2TT3
£74K06/230.42 mi67, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DN3
£150K02/230.44 mi65, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PA3
£87K11/200.46 mi569, Anlaby Road, Hull, City Of Kingston Upon Hull HU3 6SH3
£77K06/230.47 mi68, Kings Bench Street, Hull, City Of Kingston Upon Hull HU3 2TX3
£69K04/210.48 mi35, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DL3
£86K10/200.5 mi172, Coltman Street, Hull, City Of Kingston Upon Hull HU3 2SQ3
£70K01/230.51 mi9, Acland Street, Hull, City Of Kingston Upon Hull HU3 6QQ3
£155K03/210.52 mi1, Callerton Street, Hull, City Of Kingston Upon Hull HU3 5BH3
£128K11/200.56 mi7, Brockton Close, Hull, City Of Kingston Upon Hull HU3 5QH3
£163K03/230.56 mi60, Springfield Road, Hull, City Of Kingston Upon Hull HU3 6TH3
£73.5K01/210.58 mi145, Alliance Avenue, Hull, Humberside HU3 6QU3
£118K06/230.58 mi131, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU3
£82K11/200.58 mi96, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QX3
£150K01/230.58 mi14, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£102.5K11/200.59 mi3, Airmyn Avenue, Hull, City Of Kingston Upon Hull HU3 6UD3
£133K07/210.59 mi52, Northfield Road, Hull, City Of Kingston Upon Hull HU3 6TL3
£100K12/200.6 mi5, Woldcarr Road, Hull, City Of Kingston Upon Hull HU3 6TP3
£97K03/210.6 mi138, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RQ3
£135K07/220.62 mi8, Littlebeck Close, Hull, City Of Kingston Upon Hull HU3 6NQ3
£126K09/210.62 mi18, Kempton Road, Hull, City Of Kingston Upon Hull HU3 6UF3
£174K02/230.62 mi73, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£185.5K04/230.62 mi77, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£165K03/230.62 mi71, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£96.8K06/230.63 mi27, Sunningdale Road, Hull, City Of Kingston Upon Hull HU4 6JB3

Local Rents

31 rents from £595/mo to £1.5K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£69503/250.07 mi-3
£69503/250.07 mi-3
£68511/230.11 mi-3
£65004/240.22 mi-3
£97511/230.26 mi-3
£82503/250.26 mi-3
£79504/240.27 miMelrose Street, Hull, HU3 6ET3
£79505/240.27 miMelrose Street, Hull, HU3 6ET3
£97504/240.28 mi-3
£78512/230.31 mi-3
£80003/250.32 mi-3
£75003/250.35 mi-3
£62505/240.37 miDivision Road, Hull, HU33
£62505/240.37 mi-3
£85003/250.38 mi-3
£59505/240.39 miQueensgate Street, Hull, East Riding Of Yorkshire, HU33
£95003/250.45 mi-3
£82505/240.46 mi-3
£89504/240.47 mi-3
£89505/240.47 mi-3
£89505/240.47 miA De La Pole Avenue, Hull, HU33
£72505/240.51 mi-3
£72504/240.51 miAlbert Avenue, Hull, HU33
£1,50003/250.52 mi-3
£65004/240.53 miNorthfield Road, Hull, East Riding of Yorkshire, HU33
£1,20011/240.55 mi-3
£85012/240.57 mi-3
£65004/240.58 miBeech Grove, Wellsted Street, HU33
£82501/250.61 mi-3
£80003/250.61 mi-3
£80003/250.61 mi-3

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.78 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Price changed to £85,000

January 19, 2025

Price changed to £90,000

November 23, 2024

Listed for £100,000

October 15, 2024

Floor Plans

Description

  • INVESTMENT OPPORTUNITY +
  • NO CHAIN +
  • MID-TERRACED +
  • 3 BEDROOMS +
  • FREEHOLD +
  • 2 RECEPTION ROOMS +

Asking Price £85,000

This mid-terraced property is a fantastic opportunity for investors. While it does require refurbishment, its layout offers great potential. On the ground floor, you'll find an inviting entrance hall leading to a spacious lounge and a separate dining room. The kitchen, although in need of modernisation, provides a solid foundation for a contemporary cooking space. Upstairs, the property boasts three well-proportioned bedrooms. The bathroom, while functional, could benefit from a stylish update. One of the standout features of this home is the spacious rear garden, which presents an excellent canvas for landscaping or outdoor activities. With no chain involved, this property is ready for a new owner to unlock its full potential!

Situated on St Georges Road just off the vibrant Anlaby Road close to local amenities, shops and schools such as St George's Primary School and The Boulevard Academy. There are excellent bus routes to and from the Hull City Centre and surrounding areas such as Anlaby and Hessle. The famous Stadiums of Hull City Football Club and Hull FC Rugby Club are just a short distance walk.

Agent Details

Wigwam Homes, Hull

01482 251836

Next Steps?

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