3 Bed Terraced House, Refurb/BRRR, Hull, HU6 8HR, £95,000

21ST Avenue, Hull, HU6 8HR - 4 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 7%
58 m²
+9 photos

ValuationOvervalued

Sold Prices£85K - £230K
Sold Prices/m²£1K/m² - £2.4K/m²

 

 

Square Metres

58 m²
Price/m²£1.6K/m²

Value Estimate

£89,441

 

 

End Value (After Refurb)

£85,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£23,200

Bridging Loan Interest

£2,494

Total Cash In

£55,244

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£85,000

Mortgage (After Refinance)

£63,750

Mortgage LTV

75%

Cash Left In

£55,244

Equity

£21,250

Rent Range

£600 - £835

Rent Estimate

£766

Running Costs/mo

£439

Cashflow/mo

£327

Cashflow/yr

£3,926

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £85K to £230K, average is £121.3K. £1K/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£87K05/210.02 mi164, 21st Avenue, Hull, City Of Kingston Upon Hull HU6 8HR3
£120K12/220.03 mi198, Endike Lane, Hull, City Of Kingston Upon Hull HU6 8DR3
£90K01/210.08 mi38, 11th Avenue, Hull, City Of Kingston Upon Hull HU6 8HT3
£150K07/230.14 mi47, 7th Avenue, Hull, City Of Kingston Upon Hull HU6 8HX3
£116K03/210.16 mi285, Endike Lane, Hull, City Of Kingston Upon Hull HU6 8DX3
£155K05/230.17 mi313, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 9PF3
£122.5K10/200.22 mi25, Braemar Avenue, Hull, City Of Kingston Upon Hull HU6 7UE3
£116K11/220.22 mi21, Braemar Avenue, Hull, City Of Kingston Upon Hull HU6 7UE3
£105.5K02/210.23 mi273, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TX3
£108.3K03/230.23 mi237, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TX3
£151.5K09/220.26 mi34, Sutherland Avenue, Hull, City Of Kingston Upon Hull HU6 7UG3
£165.5K06/230.26 mi11, Sutherland Avenue, Hull, City Of Kingston Upon Hull HU6 7UG3
£135K10/200.26 mi32, Sutherland Avenue, Hull, City Of Kingston Upon Hull HU6 7UG3
£85K08/210.27 mi33, 6th Avenue, Hull, City Of Kingston Upon Hull HU6 9PW3
£145K10/210.29 mi113, Endike Lane, Hull, City Of Kingston Upon Hull HU6 7UJ3
£145.9K02/210.29 mi111, Endike Lane, Hull, City Of Kingston Upon Hull HU6 7UJ3
£180K03/230.3 mi115, Grangeside Avenue, Hull, City Of Kingston Upon Hull HU6 8LR3
£149K01/210.3 mi85, Grangeside Avenue, Hull, City Of Kingston Upon Hull HU6 8LR3
£137K02/210.3 mi93, Grangeside Avenue, Hull, City Of Kingston Upon Hull HU6 8LR3
£95K02/210.31 mi5, 27th Avenue, Hull, City Of Kingston Upon Hull HU6 8EP3
£132K01/230.32 mi364, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£153K07/210.32 mi390, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£145K05/210.32 mi392, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£175K11/220.32 mi382, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£156K07/230.35 mi51, Grangeside Avenue, Hull, City Of Kingston Upon Hull HU6 8LP3
£111K06/230.36 mi80, 21st Avenue, Hull, City Of Kingston Upon Hull HU6 8DL3
£113K02/210.37 mi4, Woodcroft Avenue, Hull, City Of Kingston Upon Hull HU6 8LH3
£150K08/210.37 mi23, Woodcroft Avenue, Hull, City Of Kingston Upon Hull HU6 8LH3
£128K05/210.37 mi2, Woodcroft Avenue, Hull, City Of Kingston Upon Hull HU6 8LH3
£127K10/210.38 mi6, Westgarth Avenue, Hull, City Of Kingston Upon Hull HU6 8LS3
£92.5K10/200.38 mi474, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JQ3
£120K01/230.41 mi99, 5th Avenue, Hull, City Of Kingston Upon Hull HU6 8BS3
£145.5K10/210.43 mi8a, Oldstead Avenue, Hull, City Of Kingston Upon Hull HU6 8LG3
£100K11/210.47 mi36, Oldstead Avenue, Hull, City Of Kingston Upon Hull HU6 8LL3
£107.5K03/210.48 mi300, Greenwood Avenue, Hull, City Of Kingston Upon Hull HU6 9QE3
£115K12/220.49 mi37, 29th Avenue, Hull, City Of Kingston Upon Hull HU6 8DQ3
£208K04/210.49 mi67, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TP3
£100K03/230.49 mi67, Oldstead Avenue, Hull, City Of Kingston Upon Hull HU6 8LN3
£118K01/230.49 mi68, Oldstead Avenue, Hull, City Of Kingston Upon Hull HU6 8LN3
£87.5K01/210.49 mi50, 31st Avenue, Hull, City Of Kingston Upon Hull HU6 8BT3
£90K01/210.49 mi72, 22nd Avenue, Hull, City Of Kingston Upon Hull HU6 9LS3
£100K06/230.5 mi47, The Quadrant, Hull, City Of Kingston Upon Hull HU6 8NU3
£123K11/210.51 mi528, Hall Road, Hull, City Of Kingston Upon Hull HU6 9BS3
£105K05/210.52 mi846, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7HP3
£175K10/210.52 mi131, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7SS3
£146K11/200.52 mi129, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7SS3
£105K09/210.53 mi93, 8th Avenue, Hull, City Of Kingston Upon Hull HU6 9BT3
£230K11/200.55 mi111, Auckland Avenue, Hull, City Of Kingston Upon Hull HU6 7SJ3
£120K10/200.57 mi183, Orchard Park Road, Hull, City Of Kingston Upon Hull HU6 9BU3
£109K10/210.57 mi13, 24th Avenue, Hull, City Of Kingston Upon Hull HU6 9LT3

Local Rents

15 rents from £600/mo to £835/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£73004/240.23 miCranbrook Avenue, HULL3
£65005/240.24 mi7 Wormley Court, Riccal Close, Hull, HU6 8BQ3
£75004/240.28 mi-3
£60004/240.28 mi-3
£78504/240.33 mi8th Avenue, Hull, HU63
£82503/250.34 mi-3
£79505/240.38 miWestgarth Avenue, HULL3
£82504/240.38 miInglemire Lane, Hull, HU63
£82505/240.38 mi-3
£80005/240.41 miWestgarth Avenue, Hull3
£80004/240.41 mi5th Avenue, HULL3
£75004/240.55 miAuckland Avenue, Hull, East Riding Of Yorkshire, HU63
£83512/240.56 mi-3
£82505/240.57 miInglemire Lane, Hull3
£75001/250.57 mi-3

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

1.21 miles away

Nearest school

0.10 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £95,000

December 11, 2024

Floor Plans

Description

  • Three-Bedroom End of Terrace Property +
  • Spacious Living Room with Mock Bay Window +
  • L-Shaped Kitchen with Utility Nook +
  • Larger Than Average Garden with Renovation Potential +
  • Side Access with Potential for Off Street Parking +
  • Primary Bedroom with Walk-In Storage +
  • Requires Refurbishment, Ideal for Families +
  • Freehold +
  • Council Tax Band A +
  • EPC Rating D +

INVITING OFFERS BETWEEN £95,000-£105,000

Summary: Welcome to your future home on 21st Ave, a three-bedroom end-of-terrace property offering a fantastic opportunity for those looking to add their personal touch. Situated in a sought-after area, this property is conveniently positioned opposite local schools and just a short stroll from the Endike shopping area. With a little refurbishment, this home could be the perfect spot for a growing family.

Our Thoughts: As you step into this inviting property, you're greeted by a small porch that leads into the entrance hallway. Directly ahead is the bathroom, equipped with a walk-in shower, basin, and WC. To your left, the spacious living room with mock bay window. This flows seamlessly into the L-shaped kitchen, complete with a small utility nook and windows overlooking the larger-than-average garden.

The extended part of the house offers a rear lobby with a back door, providing easy access to the garden, which is brimming with potential for renovation. With side access leading to the front, there's an exciting possibility for off-street parking.

Upstairs, the generous primary bedroom spans the full width of the property and includes a walk-in storage cupboard. The second double bedroom and a third, larger single bedroom complete the upstairs layout. While the home requires some refurbishment, it offers a wonderful opportunity for families keen to settle into a popular area with excellent schools and local amenities.

Tenure The property is freehold.

Council Tax Council Tax is payable to the Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band - A.*

Fixtures & Fittings Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

Disclaimer *The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Viewings Strictly by appointment with the sole agents.

Site Plan Disclaimer The site plan is for guidance only to show how the property sits within the plot and is not to scale.

Mortgages We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Newland Avenue office on . Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Valuation/Market Appraisal: Thinking of selling or struggling to sell your house? More people choose beercocks in this region than any other agent. Book your free valuation now!

Agent Details

Beercocks, Newland Avenue, Hull

01482 425394

Next Steps?

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

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