3 Bed Terraced House, Refurb/BRRR, Hull, HU9 3HE, £95,000

Southcoates Avenue, Hull, HU9 3HE - 5 views - 4 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£64K - £210K
Sold Prices/m²£867/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£110,534

 

 

End Value (After Refurb)

£126,450

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£37,200

Bridging Loan Interest

£2,494

Total Cash In

£69,694

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£126,450

Mortgage (After Refinance)

£94,837

Mortgage LTV

75%

Cash Released

£23,587

Cash Left In

£46,106

Equity

£31,612

Rent Range

£500 - £900

Rent Estimate

£734

Running Costs/mo

£562

Cashflow/mo

£172

Cashflow/yr

£2,065

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £64K to £210K, average is £125K. £867/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£145K07/230.09 mi86, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HD3
£137K05/210.09 mi69, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HG3
£64K01/210.09 mi59, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HG3
£95K04/210.1 mi16, Edison Grove, Hull, City Of Kingston Upon Hull HU9 3EE3
£112K05/210.11 mi132, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ3
£125K01/230.11 mi103, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ3
£85K01/210.16 mi98, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DY3
£120K02/210.16 mi23, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EH3
£135K11/210.16 mi23, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£110K12/220.16 mi14, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£85K01/210.16 mi9, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£169K12/220.16 mi29, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£109K11/210.17 mi30, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EJ3
£125K08/210.17 mi34, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EJ3
£95K11/200.18 mi63, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DX3
£136K05/230.18 mi31, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EF3
£125K11/210.18 mi5, Lodge Street, Hull, City Of Kingston Upon Hull HU9 3EL3
£145K03/210.18 mi8, Lodge Street, Hull, City Of Kingston Upon Hull HU9 3EL3
£130K01/210.19 mi42, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EG3
£120K04/210.19 mi32, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EG3
£97K02/210.19 mi125, Brindley Street, Hull, City Of Kingston Upon Hull HU9 3BT3
£158K03/230.2 mi3, Stanhope Avenue, Hull, City Of Kingston Upon Hull HU9 3HN3
£105.3K03/210.2 mi26, Stanhope Avenue, Hull, City Of Kingston Upon Hull HU9 3HN3
£123.5K05/210.2 mi16, Stanhope Avenue, Hull, City Of Kingston Upon Hull HU9 3HN3
£133.5K07/210.22 mi9, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DU3
£126K05/210.22 mi37, Lorenzos Way, Hull, City Of Kingston Upon Hull HU9 3HS3
£200K12/210.22 mi7, Lorenzos Way, Hull, City Of Kingston Upon Hull HU9 3HS3
£200K03/230.22 mi17, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£180K02/230.22 mi10, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£142.5K05/210.22 mi13, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£210K02/230.22 mi12, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£129K01/230.22 mi4, Stephenson Street, Hull, City Of Kingston Upon Hull HU9 3BS3
£145K04/210.23 mi28, St Austells Close, Hull, City Of Kingston Upon Hull HU9 3HX3
£176.5K01/230.23 mi11, St Austells Close, Hull, City Of Kingston Upon Hull HU9 3HX3
£120K04/230.23 mi414, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3TR3
£145.5K03/230.24 mi7, Stephenson Street, Hull, City Of Kingston Upon Hull HU9 3BS3
£115K03/230.26 mi1, Brindley Street, Hull, City Of Kingston Upon Hull HU9 3BD3
£110K04/210.27 mi16, Eskdale Avenue, Hull, City Of Kingston Upon Hull HU9 3TY3
£142.5K07/230.27 mi17, Suddaby Close, Hull, City Of Kingston Upon Hull HU9 3RG3
£125K11/210.28 mi161, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3AU3
£110K07/230.28 mi85, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3AU3
£115K01/210.28 mi7, Farndale Avenue, Hull, City Of Kingston Upon Hull HU9 2PH3
£120K01/230.28 mi30, Watt Street, Hull, City Of Kingston Upon Hull HU9 3BJ3
£118K03/210.28 mi51, Stephenson Street, Hull, City Of Kingston Upon Hull HU9 3BP3
£158K07/230.3 mi72, Savery Street, Hull, City Of Kingston Upon Hull HU9 3BE3
£150K02/210.3 mi51, Savery Street, Hull, City Of Kingston Upon Hull HU9 3BE3
£169.9K08/230.3 mi36, Savery Street, Hull, City Of Kingston Upon Hull HU9 3BE3
£118.5K09/210.3 mi12, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL3
£105K04/210.3 mi7, Danthorpe Grove, Hull, City Of Kingston Upon Hull HU9 3RA3
£110K11/200.31 mi107, Kilnsea Grove, Hull, City Of Kingston Upon Hull HU9 3RB3

Local Rents

26 rents from £500/mo to £900/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£69505/240.03 miBoulton Grove, Hull, HU93
£69506/240.03 mi-3
£85001/250.15 mi-3
£72504/240.2 miStanhope Avenue, Holderness Road, Hull, East Yorkshire, HU93
£87006/240.22 miTelford Street, HULL3
£75006/240.29 mi-3
£75006/240.29 mi-3
£59505/240.32 miAberdeen Street, Hull, East Riding of Yorkshire, HU93
£80005/240.33 miCollege Grove, HULL3
£79502/250.34 mi-3
£90012/240.35 mi-3
£89504/240.35 miPortobello Street, Hull3
£90002/240.35 mi-3
£50002/250.35 mi-3
£72506/240.37 miWestminster Avenue, Hull3
£62503/240.43 miJames Niven Court, Hull, East Riding Of Yorkshire, HU93
£70004/240.43 miRustenburg Street, Hull, HU93
£75004/240.43 mi-3
£77512/240.43 mi-3
£80003/250.45 mi-3
£65005/240.51 miByron Street, Westcott Street3
£65006/240.51 miByron Street, Westcott Street3
£72505/240.53 miSummergangs Road, Hull3
£70005/240.54 miKilnsea Grove, Hull, HU93
£75002/240.54 mi-3
£69512/240.58 mi-3

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.64 miles away

Nearest school

0.10 miles away

Nearest train station

2.38 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 £95,000

December 12, 2024

Listed for £110,000

November 21, 2024

Floor Plans

Description

  • NO ONWARDS CHAIN +
  • IN NEED OF RENOVATION +
  • COUNCIL TAX BAND: B +
  • OFF STREET PARKING +
  • SPACIOUS FAMILY HOME +
  • CLOSE TO LOCAL AMENITIES AND TRANSPORT LINKS +
  • 81sqm / c.871sq.ft +

SUMMARY
This three-bedroom mid-terraced family home is a fantastic opportunity for buyers looking to put their own stamp on a property. Offered for sale with no onward chain, the house requires full renovation throughout, making it an ideal project for investors or those eager to create their dream home.

DESCRIPTION
Upon entering, you are greeted by a welcoming entrance hall leading to a spacious through lounge with a bay window, seamlessly flowing into the dining room. The kitchen is located at the rear of the property, providing great potential for modernization and redesign.

Upstairs, the home boasts three generously sized bedrooms, perfect for family living, along with a family bathroom.

Externally, the property features a mainly lawned garden, offering space for outdoor activities or landscaping. To the rear, off-street parking provides added convenience.

Located in a sought-after area with excellent transport links and amenities, this property is brimming with potential for the right buyer. Don't miss out on this exciting opportunity-viewing is highly recommended.

Entrance Porch 

Entrance Hall 

Living Room 11' 8" max x 11' 4" max ( 3.56m max x 3.45m max )

Dining Room 11' 8" max x 10' 10" max ( 3.56m max x 3.30m max )

Kitchen 20' 5" max x 8' 3" max ( 6.22m max x 2.51m max )

Landing 

Bedroom 1 12' 4" max x 12' max ( 3.76m max x 3.66m max )

Bedroom 2 12' 6" max x 10' 5" max ( 3.81m max x 3.17m max )

Bedroom 3 9' 11" max x 6' 11" max ( 3.02m max x 2.11m max )

Bathroom 6' 2" max x 5' 10" max ( 1.88m max x 1.78m max )

DIRECTIONS
Please see below map, or for further information, please contact the residential sales team on .

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Hull Holderness Road

01482 251615

Next Steps?

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