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2 Bed Terraced House, Cash/Bridging Only, Hull, HU8 8TJ, £45,000





ValuationFair Value
Sold Prices | £50K - £150K |
Sold Prices/m² | £619/m² - £2.3K/m² |
| |
Square Metres | 56 m² |
Price/m² | £804/m² |
Value Estimate | £45,450£45,450 |
| |
End Value (After Refurb) | £81,593£81,593 |
Uplift in Value | +81%+81% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £11,250£11,250 |
Stamp Duty & Legal Fees | £2,550£2,550 |
Refurb Costs | £22,364£22,364 |
Bridging Loan Interest | £1,181£1,181 |
Total Cash In | £39,095£39,095 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £81,593£81,593 |
Mortgage (After Refinance) | £61,195£61,195 |
Mortgage LTV | 75%75% |
Cash Released | £27,445£27,445 |
Cash Left In | £11,650£11,650 |
Equity | £20,398£20,398 |
Rent Range | £417 - £1,070£417 - £1,070 |
Rent Estimate | £623 |
Running Costs/mo | £400£400 |
Cashflow/mo | £223£223 |
Cashflow/yr | £2,681£2,681 |
ROI | 7%7% |
Gross Yield | 17%17% |
Local Sold Prices
50 sold prices from £50K to £150K, average is £95K. £619/m² to £2.3K/m², average is £1.1K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£50K | 05/21 | 0.01 mi | 13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ | £873 | 57 | 2 | Terraced House | |
£61K | 12/20 | 0.01 mi | 9, Berkshire Street, Hull, Humberside HU8 8TJ | £965 | 63 | 2 | Terraced House | |
£65K | 03/23 | 0.06 mi | 177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL | £1,016 | 64 | 2 | Terraced House | |
£77K | 12/22 | 0.06 mi | 148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL | £1,055 | 73 | 2 | Terraced House | |
£77K | 05/21 | 0.07 mi | 124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH | £1,167 | 66 | 2 | Terraced House | |
£77.5K | 03/21 | 0.1 mi | 50, Endymion Street, Hull, City Of Kingston Upon Hull HU8 8TY | £790 | 98 | 2 | Terraced House | |
£80K | 11/20 | 0.1 mi | 127, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RQ | £952 | 84 | 2 | Semi-Detached House | |
£110K | 03/23 | 0.11 mi | 107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF | - | - | 2 | Terraced House | |
£128.5K | 03/21 | 0.11 mi | 48, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ | - | - | 2 | Terraced House | |
£72.5K | 02/21 | 0.13 mi | 127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA | £1,133 | 64 | 2 | Terraced House | |
£71K | 06/21 | 0.16 mi | 64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ | £1,044 | 68 | 2 | Terraced House | |
£106.5K | 02/21 | 0.19 mi | 39, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TH | £1,543 | 69 | 2 | Terraced House | |
£145K | 10/21 | 0.2 mi | 149, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ | £2,070 | 70 | 2 | Terraced House | |
£88.5K | 06/23 | 0.24 mi | 38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG | - | - | 2 | Terraced House | |
£50K | 09/21 | 0.24 mi | 13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU | £936 | 53 | 2 | Terraced House | |
£117.5K | 08/21 | 0.24 mi | 44, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB | £1,046 | 112 | 2 | Terraced House | |
£120K | 08/21 | 0.27 mi | 4, Simpson Avenue, Hull, City Of Kingston Upon Hull HU8 8AS | £2,264 | 53 | 2 | Semi-Detached House | |
£111K | 03/21 | 0.32 mi | 160, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TN | - | - | 2 | Terraced House | |
£135K | 12/20 | 0.32 mi | 172, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TN | £1,311 | 103 | 2 | Semi-Detached House | |
£131K | 11/20 | 0.35 mi | 19, Bibury Close, Hull, City Of Kingston Upon Hull HU8 8HQ | £1,770 | 74 | 2 | Semi-Detached House | |
£64K | 11/20 | 0.38 mi | 44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB | £736 | 87 | 2 | Terraced House | |
£107K | 03/23 | 0.39 mi | 11, Wordsworth Street, Hull, City Of Kingston Upon Hull HU8 8LT | £1,274 | 84 | 2 | Terraced House | |
£107.5K | 03/23 | 0.39 mi | 73, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DU | £2,181 | 49 | 2 | Terraced House | |
£90K | 08/21 | 0.39 mi | 73, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DU | £1,826 | 49 | 2 | Terraced House | |
£52K | 03/21 | 0.4 mi | 2, Dene Street, Hull, City Of Kingston Upon Hull HU9 2LX | £619 | 84 | 2 | Terraced House | |
£125K | 11/20 | 0.42 mi | 35, Ashendon Drive, Hull, City Of Kingston Upon Hull HU8 8DY | £2,155 | 58 | 2 | Semi-Detached House | |
£107K | 03/21 | 0.43 mi | 18, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DS | £1,911 | 56 | 2 | Semi-Detached House | |
£106K | 01/21 | 0.45 mi | 113, Lee Street, Hull, City Of Kingston Upon Hull HU8 8NW | £1,582 | 67 | 2 | Terraced House | |
£97K | 04/21 | 0.45 mi | 123, Lee Street, Hull, City Of Kingston Upon Hull HU8 8NW | £1,492 | 65 | 2 | Terraced House | |
£96K | 02/23 | 0.46 mi | 71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX | £1,600 | 60 | 2 | Terraced House | |
£103K | 02/23 | 0.46 mi | 123, Lee Street, Hull, City Of Kingston Upon Hull HU8 8NW | £1,585 | 65 | 2 | Terraced House | |
£150K | 09/21 | 0.49 mi | 11, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL | £2,083 | 72 | 2 | Semi-Detached House | |
£115K | 04/21 | 0.49 mi | 32, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL | - | - | 2 | Semi-Detached House | |
£67K | 08/23 | 0.49 mi | 4, Kirkstead Street, Hull, City Of Kingston Upon Hull HU8 8DR | £985 | 68 | 2 | Terraced House | |
£128K | 03/23 | 0.5 mi | 22, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JE | - | - | 2 | Terraced House | |
£65K | 08/21 | 0.5 mi | 7, Kathleen Road, Hull, City Of Kingston Upon Hull HU8 8EB | - | - | 2 | Semi-Detached House | |
£67.5K | 11/20 | 0.51 mi | 65, New Bridge Road, Hull, Humberside HU9 2RB | £786 | 86 | 2 | Terraced House | |
£55.9K | 03/23 | 0.52 mi | 80, Wynburg Street, Hull, City Of Kingston Upon Hull HU9 2PB | £765 | 73 | 2 | Terraced House | |
£95K | 04/21 | 0.53 mi | 15, Camborne Grove, Hull, City Of Kingston Upon Hull HU8 8HX | £2,021 | 47 | 2 | Terraced House | |
£126K | 06/23 | 0.53 mi | 14, James Niven Court, Hull, City Of Kingston Upon Hull HU9 3AQ | - | - | 2 | Terraced House | |
£95K | 10/21 | 0.53 mi | 97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE | £1,277 | 74 | 2 | Terraced House | |
£75K | 03/21 | 0.53 mi | 97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE | £1,008 | 74 | 2 | Terraced House | |
£80K | 09/21 | 0.53 mi | 49, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE | £1,081 | 74 | 2 | Terraced House | |
£80K | 02/23 | 0.54 mi | 57, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE | £1,055 | 76 | 2 | Terraced House | |
£65K | 05/23 | 0.55 mi | 25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG | - | - | 2 | Terraced House | |
£77K | 04/23 | 0.55 mi | 15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG | £987 | 78 | 2 | Terraced House | |
£112K | 02/21 | 0.56 mi | 54, Rockford Avenue, Hull, City Of Kingston Upon Hull HU8 8JB | £1,577 | 71 | 2 | Terraced House | |
£103.3K | 06/21 | 0.56 mi | 79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF | - | - | 2 | Semi-Detached House | |
£103.3K | 06/21 | 0.56 mi | 79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF | - | - | 2 | Terraced House | |
£80K | 01/23 | 0.56 mi | 21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN | £1,058 | 76 | 2 | Terraced House |
Local Rents
50 rents from £417/mo to £1.1K/mo, average is £595/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,070 | 04/25 | 0.03 mi | - | 2 | Terraced House | |
£595 | 12/24 | 0.04 mi | - | 2 | Terraced House | |
£595 | 02/25 | 0.04 mi | - | 2 | Terraced House | |
£750 | 06/24 | 0.06 mi | Buckingham Street, HULL | 2 | Terraced House | |
£625 | 06/24 | 0.06 mi | Severn Street, Hull | 2 | House | |
£595 | 04/24 | 0.07 mi | Buckingham Street, Hull, HU8 | 2 | Terraced House | |
£595 | 05/24 | 0.07 mi | - | 2 | Terraced House | |
£595 | 05/24 | 0.07 mi | - | 2 | Terraced House | |
£575 | 05/24 | 0.07 mi | Severn Street, HULL | 2 | House | |
£550 | 04/24 | 0.07 mi | - | 2 | Terraced House | |
£600 | 12/24 | 0.07 mi | - | 2 | Terraced House | |
£550 | 02/24 | 0.07 mi | - | 2 | Terraced House | |
£550 | 03/25 | 0.07 mi | - | 2 | Terraced House | |
£575 | 04/24 | 0.07 mi | Alaska Street, Hull, East Riding of Yorkshi, HU8 | 2 | Terraced House | |
£550 | 04/24 | 0.08 mi | - | 2 | Terraced House | |
£625 | 05/24 | 0.09 mi | Endymion Street, Hull | 2 | House | |
£550 | 05/24 | 0.09 mi | East Ridings Of Yorkshire, East Ridings Of Yorkshire, HU8 | 2 | Terraced House | |
£550 | 06/24 | 0.09 mi | - | 2 | Terraced House | |
£775 | 02/25 | 0.09 mi | - | 2 | Terraced House | |
£795 | 04/25 | 0.09 mi | - | 2 | Terraced House | |
£565 | 02/24 | 0.1 mi | - | 2 | Terraced House | |
£595 | 06/24 | 0.1 mi | Eddlethorpe, Buckingham Street, Hull | 2 | House | |
£725 | 04/25 | 0.1 mi | - | 2 | Terraced House | |
£595 | 01/24 | 0.13 mi | - | 2 | Terraced House | |
£595 | 02/24 | 0.13 mi | - | 2 | Terraced House | |
£550 | 05/24 | 0.15 mi | Endymion Street, Hull | 2 | House | |
£640 | 05/24 | 0.17 mi | - | 2 | Bungalow | |
£575 | 09/24 | 0.18 mi | - | 2 | Terraced House | |
£640 | 04/25 | 0.18 mi | - | 2 | Bungalow | |
£640 | 05/24 | 0.19 mi | - | 2 | Bungalow | |
£640 | 01/25 | 0.21 mi | - | 2 | Bungalow | |
£640 | 03/25 | 0.21 mi | - | 2 | Bungalow | |
£650 | 04/25 | 0.23 mi | - | 2 | Terraced House | |
£500 | 01/24 | 0.24 mi | - | 2 | Terraced House | |
£595 | 05/24 | 0.26 mi | Damson Lane North, Garden Village, Hull, HU8 7RR | 2 | Terraced House | |
£900 | 04/25 | 0.27 mi | - | 2 | Bungalow | |
£550 | 05/24 | 0.27 mi | Dansom Lane North, HULL | 2 | Terraced House | |
£417 | 04/24 | 0.36 mi | - | 2 | Flat | |
£625 | 05/24 | 0.4 mi | Jesmond Gardens, Hull | 2 | House | |
£625 | 03/25 | 0.4 mi | - | 2 | Terraced House | |
£545 | 04/24 | 0.41 mi | - | 2 | Terraced House | |
£600 | 01/25 | 0.42 mi | - | 2 | Terraced House | |
£750 | 05/24 | 0.43 mi | Ashendon Drive, Hull | 2 | Semi-Detached House | |
£575 | 05/24 | 0.45 mi | Flat 1, 27-29 Westcott Street, Hull, HU8 8LR | 2 | Flat | |
£550 | 04/24 | 0.45 mi | Mables Villas, Holland Street, Hull | 2 | House | |
£550 | 04/24 | 0.46 mi | Mables Villas, Holland Street, Hull, HU9 | 2 | Terraced House | |
£650 | 02/24 | 0.46 mi | - | 2 | Terraced House | |
£700 | 12/24 | 0.46 mi | - | 2 | Terraced House | |
£750 | 04/25 | 0.46 mi | - | 2 | Terraced House | |
£595 | 02/25 | 0.46 mi | - | 2 | Flat |
Local Area Statistics
Population in HU8 | 34,17534,175 |
Population in Hull | 313,622313,622 |
Town centre distance | 1.75 miles away1.75 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 1.58 miles away1.58 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -4%-4% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +16%+16% |
Property History
Listed for £45,000
November 19, 2024
Floor Plans

Description
- Two Bedroom Mid Terrace House +
- Requires a Scheme of Improvements Throughout +
- Offered For Sale with No Forward Chain +
- Entrance into Lounge +
- Dining Area into Kitchen +
- Rear Lobby with access to Ground Floor Bathroom +
- First Floor with Two Bedrooms +
- Front Forecourt and Rear Yard Area +
- Part Double Glazing +
- Gas Fired Central Heating System (not tested) +
Two bedroom mid terrace house, ideally suited to the cash buyer. Requiring a scheme of improvements throughout the accommodation comprises:- Entrance into lounge, dining area which opens into the kitchen area. Rear lobby with access to ground floor bathroom. On the first floor can be found the two bedrooms. Small front forecourt and rear yard area. Gas fired central heating system (not tested) and part double glazing. Viewing via Leonards.
Location - Located off Buckingham Street and Mersey Street with local amenities/convivence store nearby. A wider facilities are available along Holderness Road and the Mount Pleasant retail park is within a short drive.
Entrance Into Lounge - 3.409m x 3.735m + bay (11'2" x 12'3" + bay) - Main front entrance door provides access into the property and lounge area. Window to the front elevation, radiator and fire surround with fire (not tested/unsure if working).
Dining Area - 2.622m x 2.350m (8'7" x 7'8") - Stairs lead off to the first floor accommodation with under stairs cupboard, part panelled walls and open plan access into:
Kitchen Area - 3.052m x 1.980m (10'0" x 6'5") - Containing a single drainer sink unit, base cupboards. Window to the rear elevation and radiator.
Rear Lobby - Side entrance door.
Ground Floor Bathroom - 1.661m x 1.992m (5'5" x 6'6") - Suite of bath, basin and WC. Window to the side elevation (broken) and radiator.
First Floor - Access to roof void, small window to the rear elevation and access into the bedrooms off.
Bedroom One - 3.050m x 2.889m (10'0" x 9'5") - Window to the front elevation, radiator, feature fireplace and wardrobes.
Bedroom Two - 2.583m x 3.196m (8'5" x 10'5") - Window to the rear elevation, radiator and wall mounted gas fired central heating boiler (not tested).
Outside - Small forecourt and rear yard area.
Energy Performance Certificate - The current energy rating on the property is D (67).
Mortgage Advice - UK Moneyman Limited is now Leonards preferred partner to offer independent mortgage advice for the purchase of this or any other residential property. As a reputable Licensed credit broker, UK Moneyman will carry out a comprehensive search of a wide range of mortgage offers tailored to suit your particular circumstances, with the aim of saving you both time and money. Customers will receive a free mortgage appointment with a qualified Advisor. Written quotations on request. Call us today on or visit our website to arrange your free, no obligation mortgage appointment. We may receive a fee if you use UK Moneyman Limited’s services. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
Agents Note - This property is being sold subject to probate.
Purchaser Outgoings - From internet enquiries with the Valuation Office website the property has been placed in Band A for Council Tax purposes. Local Authority Reference Number B. Prospective buyers should check this information before making any commitment to take up a purchase of the property.
Referral Fees - As part of our service, we often recommend buyers and sellers to our local conveyancing providers, namely Jane Brooks Law, Graham & Rosen and Brewer Wallace whereby we will obtain from them on your behalf a quotation. It is at your discretion whether you choose to engage the services of the provider that we recommend. Should you do so, you should know that we would expect to receive from them a referral fee of £104.17 + VAT (£125.00 including VAT) from Jane Brooks Law or £104.17 + VAT (£125 including VAT) from Graham & Rosen or £100.00 +VAT (£120.00 including VAT) from Brewer Wallace for each successful completion transaction for recommending you to them. We will also have a mortgage referral arrangement with Hull Moneyman for which we will receive a fee based on the procuration fee they receive. We also receive a referral fee for survey instructions passed to Graham Gibbs Associates of £20 + VAT (£24 including VAT).
Services - The mains services of water, gas and electric are connected. None of the services or appliances including boilers, fires and any room heaters have not been tested.
For mobile/broadband coverage, prospective occupants are advised to check the Ofcom website:-
Tenure - The tenure of this property is currently unregistered at the land registry.
Viewings - Strictly through the sole agents Leonards /
Free Sales Market Appraisal/Valuation - Thinking of selling your house, or presently on the market and not yet achieved a sale or the level of interest you expected*? Then why not contact Leonards for a free independent market appraisal for the sale of your property? We have many years of experience and a proven track record in the selling of properties throughout the city of Hull and the East Riding of Yorkshire. *Where your property is presently being marketed by another agent, please check you agency agreement for any early termination costs or charges which may apply.