5 Bed Terraced House, Refurb/BRRR, Hull, HU3 6RB, £120,000

De La Pole Avenue, Hull, HU3 6RB - 40 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~178 m²
+16 photos

ValuationFair Value

Sold Prices£70K - £900K
Sold Prices/m²£441/m² - £3.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£673/m²

Value Estimate

£121,200

 

 

End Value (After Refurb)

£172,340

Uplift in Value

+44%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£71,642

Bridging Loan Interest

£3,150

Total Cash In

£111,342

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,340

Mortgage (After Refinance)

£129,255

Mortgage LTV

75%

Cash Released

£39,255

Cash Left In

£72,087

Equity

£43,085

Rent Range

£650 - £1,900

Rent Estimate

£782

Running Costs/mo

£715

Cashflow/mo

£67

Cashflow/yr

£804

ROI

1%

Gross Yield

8%

Local Sold Prices

40 sold prices from £70K to £900K, average is £352.5K. £441/m² to £3.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£193.5K06/210.5 mi144, Sunny Bank, Hull, City Of Kingston Upon Hull HU3 1LE5
£245K12/220.51 mi702, Anlaby Road, Hull, City Of Kingston Upon Hull HU4 6BP5
£100K01/230.75 mi152, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE5
£240K03/210.79 mi31, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£215K02/210.79 mi5, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£375K09/211 mi12, Plantation Drive West, Hull, City Of Kingston Upon Hull HU4 6XD5
£240K07/211.03 mi34, Legarde Avenue, Hull, City Of Kingston Upon Hull HU4 6AP5
£118K11/201.05 mi94, Alexandra Street, Hull, City Of Kingston Upon Hull HU3 1DX5
£345K12/201.44 mi10, Gemsbok Way, Hull, City Of Kingston Upon Hull HU4 6UF5
£137K11/211.46 mi17, Harley Street, Hull, City Of Kingston Upon Hull HU2 9BE5
£495K12/201.49 mi108, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DU5
£255K02/211.57 mi51, Bishop Alcock Road, Hull, City Of Kingston Upon Hull HU5 4RL5
£152K07/231.58 mi103, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SH5
£70K12/211.59 mi106, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP5
£450K04/231.61 mi171, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DX5
£93.5K11/211.78 mi19, Ryde Street, Hull, City Of Kingston Upon Hull HU5 1PA5
£216K04/212.19 mi36, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£217K03/212.19 mi22, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£290K01/212.22 mi692, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH5
£418K11/222.23 mi4, Walnut Close, Cottingham, East Riding Of Yorkshire HU16 4PR5
£458K10/222.24 mi93, Wolfreton Lane, Willerby, Hull, East Riding Of Yorkshire HU10 6PS5
£600K04/232.26 mi28a, Hull Road, Cottingham, East Riding Of Yorkshire HU16 4PX5
£460K03/232.32 mi703, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN5
£630K11/202.39 mi357, Beverley Road, Anlaby, Hull, East Riding Of Yorkshire HU10 7BQ5
£900K09/222.42 mi302, Beverley Road, Anlaby, Hull, East Riding Of Yorkshire HU10 7BG5
£410K01/232.43 mi16, Caledonia Park, Hull, City Of Kingston Upon Hull HU9 1TE5
£460K03/212.54 mi76, Carr Lane, Willerby, Hull, East Riding Of Yorkshire HU10 6JN5
£310K06/212.57 mi7b, Ash Grove, Willerby, Hull, East Riding Of Yorkshire HU10 6JH5
£535K03/212.65 mi44, West Ella Way, Kirk Ella, Hull, East Riding Of Yorkshire HU10 7LR5
£715K11/202.73 mi14, Wolfreton Garth, Kirk Ella, Hull, East Riding Of Yorkshire HU10 7AD5
£488.5K03/212.8 mi13, West Ella Road, Kirk Ella, Hull, East Riding Of Yorkshire HU10 7QD5
£455K01/212.81 mi14, Hallgate, Cottingham, East Riding Of Yorkshire HU16 4DJ5
£440K10/202.82 mi15, South Street, Cottingham, East Riding Of Yorkshire HU16 4AH5
£490K02/212.83 mi22, West Ella Road, Kirk Ella, Hull, East Riding Of Yorkshire HU10 7QE5
£580K11/202.84 mi50, Beverley Road, Kirk Ella, Hull, East Riding Of Yorkshire HU10 7QB5
£275K04/212.84 mi25, Kingsley Drive, Willerby, Hull, East Riding Of Yorkshire HU10 6BX5
£420K03/212.93 mi15, Chestnut Avenue, Hessle, East Riding Of Yorkshire HU13 0RH5
£360K11/212.95 mi51, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PF5
£312K03/232.98 mi69, Village Road, Hull, City Of Kingston Upon Hull HU8 8QP5
£73K04/212.99 mi22, Morrill Street, Hull, City Of Kingston Upon Hull HU9 2LJ5

Local Rents

36 rents from £650/mo to £1.9K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£89505/240.04 miA De La Pole Avenue, Hull, HU33
£89504/240.04 mi-3
£89505/240.04 mi-3
£72505/240.1 mi-3
£72504/240.1 miAlbert Avenue, Hull, HU33
£89504/240.12 miParkfield Drive, Hull3
£65004/240.12 miNorthfield Road, Hull, East Riding of Yorkshire, HU33
£80003/250.12 mi-3
£75004/240.14 miAnlaby Road, Hull, East Yorkshire, HU34
£75002/250.18 mi-3
£1,30302/250.19 mi-4
£80003/250.22 mi-3
£78512/230.23 mi-3
£97504/240.27 mi-3
£79504/240.28 miMelrose Street, Hull, HU3 6ET3
£79505/240.28 miMelrose Street, Hull, HU3 6ET3
£79504/240.29 mi-3
£99801/250.3 mi-3
£1,90004/250.3 mi-3
£97511/230.31 mi-3
£82503/250.31 mi-3
£87002/250.32 mi-4
£72503/250.33 mi-3
£65004/240.35 mi-3
£82501/250.35 mi-3
£65005/240.36 mi-3
£65005/240.36 miSpring Bank West, Hull, HU33
£68511/230.45 mi-3
£69504/240.5 miBrooklands Road, Spring Bank West, Hull, East Yorkshire, HU53
£69503/250.5 mi-3
£82505/240.51 miLuton Road, Hull, HU53
£79505/240.53 miNorth Road, Hull, East Yorkshire, HU43
£69504/250.55 mi-3
£92502/250.55 mi-3
£72504/240.57 miPerth Street West, Hull, East Riding Of Yorkshire, HU53
£75004/240.58 mi-3

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.48 miles away

Nearest school

0.20 miles away

Nearest train station

1.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £120,000

November 8, 2024

Floor Plans

Description

  • Mid-Terraced +
  • 5 Bedrooms +
  • 3 Reception Rooms +
  • Freehold +
  • Rear Garden +
  • Close To Amenities +

Offers in Excess of £120,000

This mid-terraced property is a perfect opportunity for those looking to put their personal touch on a home in a location close to popular amenities. Upon entering, you are greeted by a welcoming entrance hall that leads to a spacious reception room and lounge, creating ample living space for relaxation and gatherings. The ground floor also features a kitchen and another reception room, ideal for family meals and entertaining guests. Moving to the first floor, you'll find three well-proportioned bedrooms, offering plenty of room for family or guests, alongside a bathroom that awaits your renovation ideas. The property also boasts a third floor with 2 bedrooms. The rear garden provides a fantastic outdoor space for gardening, play, or simply enjoying the fresh air. This mid-terraced home presents an exciting refurbishment project, perfect for those looking to create their dream living space.

Located on De La Pole Avenue close to many popular local amenities, such as ALDI and Home Bargains Local popular schools such as St George's Primary and The Boulevard Academy are minutes away. There are plenty of bus routes linking to the Hull city centre and surrounding areas.

Agent Details

Wigwam Homes, Hull

01482 251836

Next Steps?

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