2 Bed Terraced House, Refurb/BRRR, Hull, HU9 2TD, £75,000

Rosmead Street, Hull, East Yorkshire, HU9 2TD - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£51K - £148K
Sold Prices/m²£619/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£68,000

 

 

End Value (After Refurb)

£89,608

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£27,244

Bridging Loan Interest

£1,969

Total Cash In

£53,463

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£89,608

Mortgage (After Refinance)

£67,206

Mortgage LTV

75%

Cash Released

£10,956

Cash Left In

£42,507

Equity

£22,402

Rent Range

£475 - £2,375

Rent Estimate

£633

Running Costs/mo

£427

Cashflow/mo

£206

Cashflow/yr

£2,477

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £51K to £148K, average is £85.5K. £619/m² to £2K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£115K09/210.05 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£115K09/210.05 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£103.5K07/210.06 mi28, Teesdale Avenue, Hull, City Of Kingston Upon Hull HU9 3UG2
£148K01/210.09 mi492, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3UB2
£113K10/210.1 mi48, Swaledale Avenue, Hull, City Of Kingston Upon Hull HU9 3UE2
£90K12/200.1 mi46, Westerdale Grove, Hull, City Of Kingston Upon Hull HU9 3UJ2
£55K12/220.15 mi145, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TA2
£110K02/230.18 mi33, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL2
£66.5K11/200.2 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£75K03/230.2 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£51K12/200.23 mi111, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TE2
£85K11/200.24 mi13, Bedale Avenue, Hull, City Of Kingston Upon Hull HU9 3AN2
£95.5K01/210.25 mi5, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL2
£120K08/230.25 mi22, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL2
£70K03/210.26 mi191, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£70K11/200.26 mi115, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£59K02/210.26 mi111, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£74.2K06/230.26 mi87, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£87.5K01/230.27 mi88, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£62.5K02/230.27 mi86, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RR2
£90.5K01/230.3 mi21, Staxton Court, Hull, City Of Kingston Upon Hull HU9 2RW2
£57K01/210.31 mi61, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF2
£80K01/230.33 mi21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN2
£70K07/210.35 mi60, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£86K07/230.35 mi80, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£80K02/230.35 mi57, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£102.5K01/210.36 mi148, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£92K03/210.36 mi113, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£134.5K12/220.36 mi129, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£95K10/210.36 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£75K03/210.36 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£80K09/210.36 mi49, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£55.9K03/230.37 mi80, Wynburg Street, Hull, City Of Kingston Upon Hull HU9 2PB2
£52K11/200.37 mi73, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£62.5K04/210.37 mi89, Belmont Street, Hull, Humberside HU9 2RH2
£70K12/210.37 mi99, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£88K03/210.38 mi81, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DY2
£65K05/230.38 mi25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£77K04/230.38 mi15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£126K06/230.39 mi14, James Niven Court, Hull, City Of Kingston Upon Hull HU9 3AQ2
£122.5K03/230.39 mi20, Edison Grove, Hull, City Of Kingston Upon Hull HU9 3EE2
£115K09/210.42 mi70, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DX2
£67.5K11/200.44 mi65, New Bridge Road, Hull, Humberside HU9 2RB2
£52K03/210.48 mi2, Dene Street, Hull, City Of Kingston Upon Hull HU9 2LX2
£125K06/230.51 mi31, Brindley Street, Hull, City Of Kingston Upon Hull HU9 3BD2
£88K10/210.54 mi97, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HG2
£96K02/230.55 mi71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX2
£64K11/200.55 mi44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB2
£88.5K06/230.64 mi38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG2
£117.5K08/210.65 mi44, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB2

Local Rents

50 rents from £475/mo to £2.4K/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£62505/240.14 miEstcourt St, Hull, HU92
£50005/240.15 miRosmead Street, Hull, HU92
£54504/240.2 miEstcourt St, Hull, HU92
£55005/240.2 miEstcourt Street, Hull, Yorkshire, HU92
£59504/240.22 miAvon Vale, Estcourt St, Hull, HU92
£59505/240.22 mi4 Crompton Villas2
£59506/240.23 mi113 Rosmead Street, HU9 2TE2
£49505/240.23 miAvon Vale, HU92
£70002/250.24 mi-2
£75003/250.25 mi-2
£62503/250.25 mi-2
£47503/240.26 miBelmont Street, Hull, East Riding Of Yorkshire, HU92
£62505/240.27 miByland Court, Hull, East Riding Of Yorkshire, HU92
£62505/240.27 mi6 Byland Court, HU9 2RQ2
£70005/240.27 mi-2
£75004/250.27 mi-2
£52504/240.27 mi5 Rosebury Villas, Rosmead Street, Hull, HU9 2TN2
£65004/240.29 mi-2
£63004/240.29 mi-2
£67504/250.29 mi-2
£56004/240.3 miWenlock Terrace, Rustenburg Street, Hull, East Yorkshire, HU92
£57505/240.3 mi9 Allendale, Middleburg Street, Newbridge Road, Hull,HU9 2QX2
£65004/250.3 mi-2
£55004/250.3 mi-2
£60005/240.31 miMadoline Grove, Estcourt Street, Hull, East Yorkshire, HU92
£55004/240.31 miMiddleburg Street, HU92
£55005/240.32 mi-2
£67505/240.32 miWynburg Street, Hull2
£62506/240.33 miMiddleburg Street, Hull2
£62503/250.33 mi-2
£65004/240.34 miRensburg St, Hull, HU92
£60005/240.35 mi-2
£57512/240.35 mi-2
£57504/240.35 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.35 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.35 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.35 mi13 Wynburg Street, HU9 2PA2
£60004/240.35 mi-2
£65005/240.35 mi-2
£60012/240.37 mi-2
£57503/250.4 mi-2
£57505/240.4 miAlbert Avenue, Hull, HU92
£2,37502/240.42 mi-2
£59502/250.42 mi-2
£57504/240.42 miNew Bridge Road, Southcoates, Hull, HU9 2RF2
£57505/240.42 mi-2
£59504/250.45 mi-2
£60001/250.47 mi-2
£55003/250.48 mi-2
£62503/250.48 mi-2

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.61 miles away

Nearest school

0.30 miles away

Nearest train station

2.11 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 £75,000

January 23, 2025

Listed for £85,000

October 31, 2024

Floor Plans

Description

  • NO CHAIN INVOLVED +
  • Two bedroom middle terrace house located at the top end of Rosmead Street +
  • Overlooks open space to the front +
  • Requires updating with untapped potential +
  • Two reception rooms +
  • Large first floor bathroom +
  • Rear garden +
  • MUST BE VIEWED +
  • EPC AWAITED +

Nestled in an extremely popular residential locality, this two-bedroom mid-terrace bay-fronted property overlooks open space to the front.

This property has been cherished by its previous owners for many years and is now offered to the market chain-free, ready for new custodians to breathe fresh life into its walls. With ample opportunity for updating and personalisation, each room hints at the potential that awaits.

Situated on the attractive upper end of Rosmead Street best approached from South Coates Lane, enhancing its appeal and connectivity.

The home itself features mostly double-glazed windows and an accommodating layout. Upon entering, you’re welcomed by an entrance porch and hall that lead to a cosy sitting room, followed by a dining room, kitchen, lobby, porch, and a convenient downstairs WC, all on the ground floor. This setup offers a flexible foundation for any renovation vision.

Upstairs, the first-floor landing opens to two well-sized double bedrooms and a spacious bathroom, providing ample room for comfortable living and reimagining to suit your lifestyle.

Outside, the property boasts a front enclosed area that adds curb appeal, while the rear garden offers a blank canvas, waiting to be transformed into a personal outdoor haven.

Council tax band 'A' payable to Hull City Council, and the EPC grade G. Embrace the chance to make this character-filled property your own, crafting it into a home that reflects your personal style and vision!

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

HUL240456/2

Agent Details

Reeds Rains, Hull

01482 251835

Next Steps?

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