5 Bed HMO, Hull, HU9 3DU, £135,000

Telford Street, Hull, HU9 3DU - 5 months ago

Sold STC
HMO
Refurb/BRRR
ROI: 5%
~178 m²
+2 photos

ValuationFair Value

Sold Prices£70K - £495K
Sold Prices/m²£441/m² - £2.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£757/m²

Value Estimate

£136,350

 

 

End Value (After Refurb)

£227,996

Uplift in Value

+69%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£71,313

Bridging Loan Interest

£3,544

Total Cash In

£118,307

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£227,996

Mortgage (After Refinance)

£170,997

Mortgage LTV

75%

Cash Released

£69,747

Cash Left In

£48,560

Equity

£56,999

Room Rate

£450

Gross Rent

£2,250

Running Costs/mo

£1,724

Cashflow/mo

£526

Cashflow/yr

£6,315

ROI

5%

Gross Yield

20%

Local Sold Prices

34 sold prices from £70K to £495K, average is £227.5K. £441/m² to £2.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£312K03/230.45 mi69, Village Road, Hull, City Of Kingston Upon Hull HU8 8QP5
£73K04/210.5 mi22, Morrill Street, Hull, City Of Kingston Upon Hull HU9 2LJ5
£350K02/210.57 mi9, Hillsway Close, Hull, City Of Kingston Upon Hull HU8 0JH5
£258K10/200.59 mi1, Beech Avenue Shopping Centre, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QE5
£360K11/210.61 mi51, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PF5
£289K04/221.01 mi703, Marfleet Lane, Hull, City Of Kingston Upon Hull HU9 4TJ5
£279K07/211.2 mi25, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£266K05/211.2 mi27, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£245K04/211.2 mi8, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£375K07/231.32 mi10, Clear View Close, Hull, City Of Kingston Upon Hull HU8 9GA5
£270K07/221.52 mi6, Ladybower Close, Hull, City Of Kingston Upon Hull HU8 9XB5
£410K01/231.62 mi16, Caledonia Park, Hull, City Of Kingston Upon Hull HU9 1TE5
£140.5K03/231.64 mi20, Amberley Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 6BQ5
£292.5K03/211.65 mi32, Mallyan Close, Hull, City Of Kingston Upon Hull HU8 9TZ5
£130K02/231.69 mi75, Logan Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4PG5
£119K12/211.85 mi136, Perran Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4PN5
£120K10/201.91 mi80, Falkland Road, Hull, City Of Kingston Upon Hull HU9 5EZ5
£100K05/211.93 mi11, Patrington Garth, Bransholme, Hull, City Of Kingston Upon Hull HU7 4NZ5
£137K11/211.98 mi17, Harley Street, Hull, City Of Kingston Upon Hull HU2 9BE5
£280K01/212 mi28, Daisyfield Drive, Bilton, Hull, City Of Kingston Upon Hull HU11 4BF5
£93.5K11/212.05 mi19, Ryde Street, Hull, City Of Kingston Upon Hull HU5 1PA5
£70K08/212.09 mi326, Stroud Crescent East, Bransholme, Hull, City Of Kingston Upon Hull HU7 4QN5
£152K07/232.31 mi103, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SH5
£70K12/212.34 mi106, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP5
£95.5K10/212.39 mi2, Innsworth Garth, Bransholme, Hull, City Of Kingston Upon Hull HU7 4LU5
£118K11/202.4 mi94, Alexandra Street, Hull, City Of Kingston Upon Hull HU3 1DX5
£290K01/212.46 mi692, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH5
£85K03/212.5 mi20, Pitsford Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4HT5
£460K03/232.6 mi703, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN5
£240K03/212.66 mi31, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£215K02/212.66 mi5, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£130K10/202.94 mi2, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DW5
£495K12/202.96 mi108, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DU5
£193.5K06/213 mi144, Sunny Bank, Hull, City Of Kingston Upon Hull HU3 1LE5

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.43 miles away

Nearest school

0.30 miles away

Nearest train station

2.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £135,000

October 31, 2024

Description

  • Five Bedroom HMO +
  • Investment Opportunity +
  • Spacious Kitchen Diner +
  • Downstairs WC +
  • Estimated Annual Income of £27,000 +
  • Approximate Gross Yield of 20% +

Calling all investors to this great investment opportunity. A spacious five bedroom HMO property located in the HU9 area of Hull, just off the popular Holderness Road, host a variety of local amenities and easy access to public transform into the city centre and surrounding areas.  With a few minor renovations, this property has the potential to achieve an annual rental income of £27,000 and gross yield of 20%.  The property comprises of entrance hallway, kitchen diner, downstairs WC, first floor shower room and five double bedrooms.  The property is sold as seen including furnishings and further benefits from front and rear gardens, gas central heating and full uPVC. EPC rating: C. Tenure: Freehold,

Agent Details

Belvoir, Grimsby

01472 517751

Next Steps?

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