3 Bed Terraced House, Refurb/BRRR, Hull, HU8 8QH, £170,000

12 Beech Avenue, Hull, HU8 8QH - 2 views - 5 months ago

Refurb/BRRR
ROI: 2%
50 m²
+8 photos

ValuationOvervalued

Sold Prices£71.8K - £275K
Sold Prices/m²£674/m² - £3K/m²

 

 

Square Metres

50 m²
Price/m²£3.4K/m²

Value Estimate

£63,632

 

 

End Value (After Refurb)

£148,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£19,967

Bridging Loan Interest

£4,463

Total Cash In

£75,280

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£148,500

Mortgage (After Refinance)

£111,375

Mortgage LTV

75%

Cash Left In

£75,280

Equity

£37,125

Rent Range

£625 - £900

Rent Estimate

£731

Running Costs/mo

£630

Cashflow/mo

£101

Cashflow/yr

£1,209

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £71.8K to £275K, average is £125.5K. £674/m² to £3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£155K03/210.02 mi34, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QH3
£210K05/230.09 mi66, Village Road, Hull, City Of Kingston Upon Hull HU8 8QT3
£135K12/210.1 mi14, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB3
£135K11/210.11 mi97, Jalland Street, Hull, Humberside HU8 8RA3
£112K03/210.11 mi19, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RA3
£130K12/200.11 mi44, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ3
£161K11/200.11 mi52, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ3
£72K04/230.13 mi112, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ3
£124K10/210.15 mi34, Durham Street, Hull, Humberside HU8 8RE3
£115K04/210.15 mi60, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RE3
£120K05/230.15 mi25, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RE3
£210K03/210.18 mi8, Elm Avenue, Hull, City Of Kingston Upon Hull HU8 8PZ3
£104K03/210.19 mi16, Chestnut Grove, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QL3
£205K01/210.2 mi101, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PE3
£130K03/210.2 mi63, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PE3
£250K03/210.22 mi94, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PA3
£275K07/230.22 mi111, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PA3
£251K05/210.23 mi15, Elm Avenue, Hull, City Of Kingston Upon Hull HU8 8PS3
£110K04/210.23 mi14, Derwent Street, Hull, City Of Kingston Upon Hull HU8 8TX3
£110K11/210.24 mi4, Swinburne Street, Hull, City Of Kingston Upon Hull HU8 8LY3
£112K11/220.25 mi13, Coleridge Street, Hull, City Of Kingston Upon Hull HU8 8LX3
£96K05/210.25 mi123, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF3
£217K11/200.25 mi37, Maytree Avenue, Hull, City Of Kingston Upon Hull HU8 8PP3
£125K11/210.25 mi120, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£110K05/210.25 mi126, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£128K09/210.25 mi108, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£92K07/230.25 mi70, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£160K03/230.26 mi108, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£126K10/200.26 mi97, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LZ3
£132.5K05/230.27 mi64, Chestnut Grove, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QN3
£91K11/200.27 mi57, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SZ3
£112K10/200.28 mi98, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LU3
£212.5K04/230.28 mi10, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PH3
£120K02/230.28 mi5, Dryden Street, Hull, City Of Kingston Upon Hull HU8 8ND3
£132K01/230.28 mi167, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£132.5K05/210.28 mi127, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£118K07/210.28 mi147, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£135K07/230.28 mi71, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£135K11/200.29 mi30, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR3
£115K04/210.29 mi56, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR3
£97K11/210.29 mi1, Alston Avenue, Hull, City Of Kingston Upon Hull HU8 8UA3
£88K04/230.29 mi17, Sherburn Street, Hull, City Of Kingston Upon Hull HU9 2LA3
£135K05/230.3 mi17, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3AA3
£195K07/230.31 mi22, Lilac Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PT3
£120K04/230.33 mi132, Lee Street, Hull, City Of Kingston Upon Hull HU8 8NW3
£108K09/210.34 mi5, Cudworth Grove, Hull, City Of Kingston Upon Hull HU8 7SB3
£71.8K10/210.34 mi141, New Bridge Road, Hull, City Of Kingston Upon Hull HU9 2LP3
£120K01/210.35 mi223, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TL3
£135K04/230.35 mi24, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BA3
£117K08/210.35 mi6, Newcomen Street, Hull, City Of Kingston Upon Hull HU9 3BA3

Local Rents

28 rents from £625/mo to £900/mo, average is £735/mo.

RentDateDistanceAddressBeds 
£79504/240.09 miMersey Street, Hull3
£69505/240.11 miMersey St, Hull, HU83
£79505/240.11 miJalland Street, Hull, HU83
£79505/240.13 miSevern Street, HULL3
£85005/240.18 miChestnut Grove, Garden Village, HU83
£79505/240.18 miSevern Street, Hull3
£74505/240.26 mi-3
£85003/250.26 mi-3
£65005/240.27 miByron Street, Westcott Street3
£65006/240.27 miByron Street, Westcott Street3
£69512/240.28 mi-3
£65005/240.28 miBarnsley Street, HU83
£72505/240.31 miSummergangs Road, Hull3
£69505/240.35 miColman Crescent, Hull, East Riding Of Yorkshire, HU83
£72505/240.36 miSherburn Street, Hull3
£85004/250.37 mi-3
£75004/240.37 mi-3
£77512/240.37 mi-3
£62503/240.38 miJames Niven Court, Hull, East Riding Of Yorkshire, HU93
£75005/240.39 mi-3
£69504/240.41 mi-3
£90004/250.46 mi-3
£70003/250.5 mi-3
£70004/240.5 miRustenburg Street, Hull, HU93
£75004/250.51 mi-3
£69512/240.51 mi-3
£87006/240.55 miTelford Street, HULL3
£70012/240.57 mi-3

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

1.90 miles away

Nearest school

0.20 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Price changed to £170,000

February 28, 2025

Listed for £180,000

November 26, 2024

Description

  • Spacious terraced property located in the heart of Garden Village +
  • Over 1000 sq ft of living space with no chain involved +
  • Ground floor: hallway, lounge, dining room, kitchen, and wet room +
  • First floor: three bedrooms and a family bathroom +
  • Front and rear gardens offering outdoor space +
  • Ideal for a family home, with potential for modernisation +
  • Arrange your viewing today! +

Situated in the heart of the desirable Garden Village, Hull, this spacious terraced property offers over 1000 sq ft of living space and is being marketed with No Chain Involved, making it an ideal opportunity for those looking for a family home with potential! The ground floor comprises a welcoming hallway, lounge, dining room, kitchen, and wet room, while the first floor features three bedrooms and a family bathroom. The property also benefits from front and rear gardens. Although some modernisation is required, this home offers great potential to create a wonderful living space in a sought-after location!

Situated in the heart of the desirable Garden Village, Hull, this spacious terraced property offers over 1000 sq ft of living space and is being marketed with No Chain Involved, making it an ideal opportunity for those looking for a family home with potential! The ground floor comprises a welcoming hallway, lounge, dining room, kitchen, and wet room, while the first floor features three bedrooms and a family bathroom. The property also benefits from front and rear gardens. Although some modernisation is required, this home offers great potential to create a wonderful living space in a sought-after location!

Urban Property are pleased to present this three bedroom property, situated in the heart of the desirable Garden Village, this spacious terraced property offers over 1000 sq ft of living space, with no chain involved, making it an ideal family home. The property is in need of some modernisation, providing an excellent opportunity for buyers to put their own stamp on it.

Measurements and Floorplan to follow:

Ground Floor
Entrance via porch, which leads to a spacious hallway.

Hallway with under stairs cupboard, stairs lead to the first floor, radiator and leading to:

Dining room, with window to rear aspect. double doors to lounge and access to the kitchen.

Lounge with window to the front aspect, fireplace, carpet flooring.

Spacious Kitchen, open plan with fitted modern wall and base units, contrasting work surfaces, integrated oven and hob, stainless steel sink with mixer tap and door to rear lobby.

Rear lobby with door to the garden and access to:

Wet room
Modern wet room, with white low flush wc, wash basin, electric shower, tiled flooring and walls and wall mounted heater.

First Floor
Landing with carpet flooring and doors leading to:

Bedroom one with window to the front aspect.

Bedroom two with window to the rear aspect and fitted wardrobes.

Bedroom three with window to rear aspect.

Family Bathroom with window to the front aspect, tiled walls and three piece bathroom suite.

Exterior
Additional features include front and rear gardens, offering outdoor space for relaxation and recreation.

Thinking of moving? Contact us on to arrange your free no obligation market appraisal. We are your local, family run Estate Agents offering a personal, bespoke professional service at an unbeatable fee.

Please note that any services, heating system or appliances have not been tested, and no warranty can be given or implied as to their working order.
Disclaimer
-None of the services, fittings or equipment referred to in these particulars have been tested and we are therefore unable to comment as to their condition or suitability. Any intending purchasers should satisfy themselves through their own enquiries.

-An EPC is held for this property and is available for inspection at the branch should you wish to view. It is also available online through the properties details on our website

-To arrange a viewing for this property please contact Urban Property 0 Holderness Road Hull HU9 3DQ.

-If you require a Mortgage to purchase this or any other property, we offer a free Mortgage Consultation with an independent Mortgage Broker. Please ask for further details.
All mortgages are subject to status and valuation.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

Agent Details

Urban Property, Hull

01482 251844

Next Steps?

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