2 Bed Terraced House, Cash/Bridging Only, Hull, HU9 2RJ, £69,995

Belmont Street, Hull, HU9 2RJ - 4 months ago

Sold STC
Cash
ROI: 7%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£51K - £148K
Sold Prices/m²£619/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£71,395

 

 

End Value (After Refurb)

£72,617

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,499

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£27,244

Bridging Loan Interest

£1,837

Total Cash In

£51,630

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£72,617

Mortgage (After Refinance)

£54,463

Mortgage LTV

75%

Cash Released

£1,967

Cash Left In

£49,664

Equity

£18,154

Rent Range

£475 - £2,375

Rent Estimate

£700

Running Costs/mo

£387

Cashflow/mo

£313

Cashflow/yr

£3,757

ROI

7%

Gross Yield

12%

Local Sold Prices

50 sold prices from £51K to £148K, average is £85.5K. £619/m² to £2.7K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£70K03/210 mi191, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£70K11/200 mi115, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£59K02/210 mi111, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£62.5K02/230.04 mi86, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RR2
£90.5K01/230.05 mi21, Staxton Court, Hull, City Of Kingston Upon Hull HU9 2RW2
£66.5K11/200.06 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£75K03/230.06 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£70K07/210.09 mi60, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£86K07/230.09 mi80, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£51K12/200.09 mi111, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TE2
£57K01/210.1 mi61, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF2
£52K11/200.12 mi73, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£62.5K04/210.12 mi89, Belmont Street, Hull, Humberside HU9 2RH2
£70K12/210.12 mi99, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£55K12/220.12 mi145, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TA2
£65K05/230.16 mi25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£77K04/230.16 mi15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£80K01/230.16 mi21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN2
£67.5K11/200.21 mi65, New Bridge Road, Hull, Humberside HU9 2RB2
£74.2K06/230.22 mi87, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£87.5K01/230.22 mi88, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£115K09/210.24 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£115K09/210.24 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£113K10/210.28 mi48, Swaledale Avenue, Hull, City Of Kingston Upon Hull HU9 3UE2
£80K02/230.28 mi57, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£95K10/210.28 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£75K03/210.28 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£80K09/210.28 mi49, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£103.5K07/210.29 mi28, Teesdale Avenue, Hull, City Of Kingston Upon Hull HU9 3UG2
£55.9K03/230.3 mi80, Wynburg Street, Hull, City Of Kingston Upon Hull HU9 2PB2
£96K02/230.31 mi71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX2
£90K12/200.34 mi46, Westerdale Grove, Hull, City Of Kingston Upon Hull HU9 3UJ2
£64K11/200.34 mi44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB2
£110K02/230.34 mi33, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL2
£148K01/210.34 mi492, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3UB2
£126K06/230.34 mi14, James Niven Court, Hull, City Of Kingston Upon Hull HU9 3AQ2
£52K03/210.37 mi2, Dene Street, Hull, City Of Kingston Upon Hull HU9 2LX2
£85K11/200.4 mi13, Bedale Avenue, Hull, City Of Kingston Upon Hull HU9 3AN2
£105K01/210.4 mi30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£130K10/200.4 mi26, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£136K02/230.41 mi29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£95.5K01/210.43 mi5, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL2
£120K08/230.43 mi22, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL2
£88.5K06/230.46 mi38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG2
£88K03/210.5 mi81, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DY2
£117.5K08/210.52 mi44, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB2
£102.5K01/210.52 mi148, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£92K03/210.52 mi113, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£134.5K12/220.52 mi129, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£115K09/210.52 mi70, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DX2

Local Rents

50 rents from £475/mo to £2.4K/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£47503/240 miBelmont Street, Hull, East Riding Of Yorkshire, HU92
£75012/240.01 mi-2
£70005/240.02 mi-2
£70002/250.03 mi-2
£49505/240.03 miAvon Vale, HU92
£59504/240.04 miAvon Vale, Estcourt St, Hull, HU92
£62505/240.04 miByland Court, Hull, East Riding Of Yorkshire, HU92
£62505/240.04 mi6 Byland Court, HU9 2RQ2
£59505/240.05 mi4 Crompton Villas2
£62503/250.05 mi-2
£60005/240.06 miMadoline Grove, Estcourt Street, Hull, East Yorkshire, HU92
£65004/240.06 mi-2
£63004/240.06 mi-2
£55005/240.06 miEstcourt Street, Hull, Yorkshire, HU92
£54504/240.06 miEstcourt St, Hull, HU92
£55005/240.08 mi-2
£59506/240.09 mi113 Rosmead Street, HU9 2TE2
£57512/240.09 mi-2
£52504/240.1 mi5 Rosebury Villas, Rosmead Street, Hull, HU9 2TN2
£62505/240.12 miEstcourt St, Hull, HU92
£60005/240.13 mi-2
£50005/240.13 miRosmead Street, Hull, HU92
£57505/240.14 mi9 Allendale, Middleburg Street, Newbridge Road, Hull,HU9 2QX2
£55004/240.14 miMiddleburg Street, HU92
£62506/240.15 miMiddleburg Street, Hull2
£57505/240.19 mi-2
£57504/240.19 miNew Bridge Road, Southcoates, Hull, HU9 2RF2
£65004/240.2 miRensburg St, Hull, HU92
£59503/250.21 mi-2
£57505/240.21 miAlbert Avenue, Hull, HU92
£65005/240.22 mi-2
£57503/250.23 mi-2
£55003/250.24 mi-2
£56004/240.24 miWenlock Terrace, Rustenburg Street, Hull, East Yorkshire, HU92
£59502/250.26 mi-2
£65002/240.26 mi-2
£70012/240.26 mi-2
£55004/240.26 miMables Villas, Holland Street, Hull, HU92
£55004/240.26 miMables Villas, Holland Street, Hull2
£55003/250.27 mi-2
£60012/240.27 mi-2
£62503/250.27 mi-2
£60004/240.29 mi-2
£67505/240.31 miWynburg Street, Hull2
£57504/240.31 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.31 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.31 miWynburg Street, Hull, East Riding Of Yorkshire, HU92
£57505/240.31 mi13 Wynburg Street, HU9 2PA2
£62503/250.32 mi-2
£2,37502/240.32 mi-2

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.39 miles away

Nearest school

0.20 miles away

Nearest train station

1.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £69,995

December 11, 2024

Sold for £55,000

2010

Sold for £24,995

2003

Floor Plans

Description

  • Investors Only +
  • ERV of £8400 Per Annum +
  • Sold with a tenant in situ +
  • Value Add Investment +
  • Annual Return on Cash c 24% +
  • EPC C (69) +

An investment opportunity to acquire a 2 bedroom terraced house in Hull HU9 with additional loft space.
For full details, income and forecasting details and for all of our off market options please contact Osprey Property Investments.

Agent Details

Osprey Property Investments, Oakham

01570 940419

Next Steps?

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

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