3 Bed Terraced House, Refurb/BRRR, Hull, HU8 9AS, £140,000

7 Lake View, Hull, City Of Kingston Upon Hull, HU8 9AS - 4 views - 4 months ago

Refurb/BRRR
ROI: 2%
~93 m²

ValuationOvervalued

Sold Prices£64K - £220K
Sold Prices/m²£867/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£114,211

 

 

End Value (After Refurb)

£135,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£37,139

Bridging Loan Interest

£3,675

Total Cash In

£82,964

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,000

Mortgage (After Refinance)

£101,250

Mortgage LTV

75%

Cash Left In

£82,964

Equity

£33,750

Rent Range

£500 - £900

Rent Estimate

£735

Running Costs/mo

£589

Cashflow/mo

£146

Cashflow/yr

£1,754

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £64K to £220K, average is £134.3K. £867/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£135K04/230.03 mi45, Lake View, Hull, City Of Kingston Upon Hull HU8 9AS3
£125K02/210.07 mi12, Lake Drive, Hull, City Of Kingston Upon Hull HU8 9AU3
£128K03/210.07 mi28, Lake Drive, Hull, City Of Kingston Upon Hull HU8 9AU3
£140K03/210.07 mi34, Lake Drive, Hull, City Of Kingston Upon Hull HU8 9AX3
£125K02/230.11 mi14, East Park Avenue, Hull, City Of Kingston Upon Hull HU8 9AE3
£112K02/210.12 mi29, Westminster Avenue, Hull, City Of Kingston Upon Hull HU8 9AG3
£200K03/230.13 mi17, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£180K02/230.13 mi10, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£142.5K05/210.13 mi13, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£210K02/230.13 mi12, Kingsley Avenue, Hull, City Of Kingston Upon Hull HU9 3HL3
£136.5K12/200.14 mi73, East Park Avenue, Hull, Humberside HU8 9AD3
£158K03/230.15 mi3, Stanhope Avenue, Hull, City Of Kingston Upon Hull HU9 3HN3
£105.3K03/210.15 mi26, Stanhope Avenue, Hull, City Of Kingston Upon Hull HU9 3HN3
£123.5K05/210.15 mi16, Stanhope Avenue, Hull, City Of Kingston Upon Hull HU9 3HN3
£135K11/210.18 mi23, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£110K12/220.18 mi14, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£85K01/210.18 mi9, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£169K12/220.18 mi29, Whitworth Street, Hull, City Of Kingston Upon Hull HU9 3HH3
£125K09/210.19 mi37, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JB3
£115K07/230.19 mi5, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JB3
£126K06/230.2 mi53, Aberdeen Street, Hull, City Of Kingston Upon Hull HU9 3JS3
£173.5K02/230.22 mi766, Holderness Road, Hull, City Of Kingston Upon Hull HU9 3JR3
£125K11/210.23 mi5, Lodge Street, Hull, City Of Kingston Upon Hull HU9 3EL3
£145K03/210.23 mi8, Lodge Street, Hull, City Of Kingston Upon Hull HU9 3EL3
£121K10/210.25 mi84, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JF3
£137K05/210.25 mi69, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HG3
£64K01/210.25 mi59, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HG3
£145K07/230.26 mi86, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HD3
£157K12/210.27 mi34, The Broadway, Hull, City Of Kingston Upon Hull HU9 3JJ3
£120K02/210.27 mi23, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EH3
£175K07/230.28 mi540, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£125K11/210.28 mi588, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£160K06/210.28 mi572, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£220K06/230.28 mi558, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£109K11/210.29 mi30, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EJ3
£125K08/210.29 mi34, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EJ3
£170K02/220.3 mi1, Willows Avenue, Hull, City Of Kingston Upon Hull HU9 3JN3
£142.5K07/230.3 mi17, Suddaby Close, Hull, City Of Kingston Upon Hull HU9 3RG3
£136K05/230.3 mi31, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EF3
£110K11/200.32 mi107, Kilnsea Grove, Hull, City Of Kingston Upon Hull HU9 3RB3
£130K01/210.32 mi42, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EG3
£120K04/210.32 mi32, Faraday Street, Hull, City Of Kingston Upon Hull HU9 3EG3
£133.5K07/210.34 mi9, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DU3
£126K05/210.35 mi37, Lorenzos Way, Hull, City Of Kingston Upon Hull HU9 3HS3
£200K12/210.35 mi7, Lorenzos Way, Hull, City Of Kingston Upon Hull HU9 3HS3
£105K04/210.35 mi7, Danthorpe Grove, Hull, City Of Kingston Upon Hull HU9 3RA3
£212.5K03/210.35 mi10, Birklands Drive, Hull, City Of Kingston Upon Hull HU8 0LJ3
£188K08/210.36 mi815, Holderness Road, Hull, City Of Kingston Upon Hull HU8 9AY3
£146.5K02/210.36 mi42, Clifford Avenue, Hull, City Of Kingston Upon Hull HU8 0LU3
£115K03/230.37 mi1, Brindley Street, Hull, City Of Kingston Upon Hull HU9 3BD3

Local Rents

20 rents from £500/mo to £900/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72506/240.12 miWestminster Avenue, Hull3
£90002/240.14 mi-3
£50002/250.14 mi-3
£72504/240.14 miStanhope Avenue, Holderness Road, Hull, East Yorkshire, HU93
£89504/240.19 miPortobello Street, Hull3
£59505/240.25 miAberdeen Street, Hull, East Riding of Yorkshire, HU93
£87006/240.34 miTelford Street, HULL3
£69505/240.35 miBoulton Grove, Hull, HU93
£69506/240.35 mi-3
£85001/250.41 mi-3
£75004/240.46 miBirklands Drive, Hull, East Yorkshire, HU83
£75012/240.49 mi-3
£72505/240.52 miSummergangs Road, Hull3
£65005/240.55 miByron Street, Westcott Street3
£65006/240.55 miByron Street, Westcott Street3
£69504/240.55 mi-3
£90012/240.57 mi-3
£70005/240.58 miKilnsea Grove, Hull, HU93
£75006/240.62 mi-3
£75006/240.62 mi-3

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

2.60 miles away

Nearest school

0.20 miles away

Nearest train station

2.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £140,000

December 5, 2024

Sold for £119,950

2017

Floor Plans

Description

POPULAR EAST HULL LOCATION - THREE BED MID TERRACED - EXCELLENT DOUBLE GARAGE - SOUTH WEST FACING GARDEN - REQUIRES SOME MODERNISATION - CLOSE TO GOOD SCHOOLS AND AMENITIES

This spacious three bedroom terraced home on Lake View is situated in a highly sought after location, ideally positioned for access to excellent schools, transport links, and the amenities of Holderness Road. With generous proportions throughout, this property offers fantastic potential to create the perfect family home, with scope for modernisation to suit your own style and needs.

The ground floor comprises a welcoming entrance hall, a bright living room that opens into an adjoining lounge, a kitchen, a utility room, and a convenient w/c. Upstairs, the first floor features three well proportioned bedrooms and a family bathroom, providing ample space for a growing family.

Externally, the property boasts a good sized south west facing garden, ideal for enjoying sunny afternoons or entertaining. A standout feature is the large double garage to the rear, fully powered offering a superb space for storage or hobbies. The front of the property benefits from a driveway, providing the convenience of off street parking.

With its excellent location, generous layout, and potential to update and personalise, this home is a wonderful opportunity for families looking to settle in a popular and convenient area.

BOOK YOUR VIEWING NOW!

Ground Floor -

Entrance Hall -

Living Room - 3.53m x 5.31m max (11'7 x 17'5 max) - a spacious living space with gas fireplace, with door to kitchen and double doors to...

Lounge - 3.48m x 3.28m max (exc bay (11'5 x 10'9 max (exc b - a cosy lounge with bay window and feature fireplace

Kitchen - 3.28m x 3.15m max (10'9 x 10'4 max) - with a range of eye and base level units with complementing work surfaces, sink basin with drainer unit, space for oven, space for fridge freezer, with pocket door to...

Utility Room - with work bench, base level storage and plumbing for washing machine, with door to...

W/C - with low level w/c and sink basin

First Floor -

Landing - with access to loft and doors to all bedrooms and bathroom

Bedroom 1 - 3.38m x 3.12m max (exc bay (11'1 x 10'3 max (exc b - a good sized primary bedroom with bay window

Bedroom 2 - 3.45m x 2.51m max (11'4 x 8'3 max) - another good sized double bedroom with fitted cupboard and wardrobes

Bedroom 3 - 2.64m x 2.31m max (8'8 x 7'7 max) - a generously sized third bedroom

Bathroom - with low level w/c, pedestal sink basin and panelled bath with overhead shower attachment

Outside - a good sized private garden, enclosed by timber fencing, with door to...

Double Garage - 5.26m x 5.26m max (17'3 x 17'3 max) - a fantastic double garage with power supply and a new front door.

Parking - The property boasts a front drive providing off street parking

Central Heating - The property has the benefit of gas central heating (not tested).

Council Tax Band - Symonds + Greenham have been informed that this property is in Council Tax Band B.

Disclaimer - Symonds + Greenham do their utmost to ensure all the details advertised are correct however any viewer or potential buyer are advised to conduct their own survey prior to making an offer.

Double Glazing - The property has the benefit of double glazing.

Tenure - Symonds + Greenham have been informed that this property is Freehold.
If you require more information on the tenure of this property please contact the office on .

Viewings - Please contact Symonds + Greenham on to arrange a viewing on this property.

Agent Details

Symonds & Greenham, Hull

01482 425034

Next Steps?

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