3 Bed Terraced House, Single Let, Hull, HU3 1NX, £90,000

Victoria Avenue, Mayfield Street, Hull, East Riding of Yorkshire, HU3 1NX - 7 views - 4 months ago

BTL

ROI: 12%

~93 m²

+4 photos

ValuationUndervalued

Sold Prices	£72K - £230K
Sold Prices/m²	£683/m² - £2K/m²

Square Metres	~93 m²
Price/m²	£968/m²
Value Estimate	£106,974£106,974
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£3,900£3,900
Total Cash In	£26,400£26,400

Cash Out
Rent Range	£600 - £1,300£600 - £1,300
Rent Estimate	£713
Running Costs/mo	£444£444
Cashflow/mo	£269£269
Cashflow/yr	£3,230£3,230
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £72K to £230K, average is £108.5K. £683/m² to £2K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£80K	06/21	0.03 mi	11, Mayfield Street, Hull, City Of Kingston Upon Hull HU3 1NS	£702	114	3	Semi-Detached House
£99K	12/20	0.09 mi	29, Stanley Street, Hull, City Of Kingston Upon Hull HU3 1JS	£1,100	90	3	Terraced House
£78.5K	11/20	0.12 mi	53, Mayfield Street, Hull, City Of Kingston Upon Hull HU3 1NT	£683	115	3	Terraced House
£105K	07/21	0.18 mi	169, Stanley Street, Hull, City Of Kingston Upon Hull HU3 1JU	£1,567	67	3	Terraced House
£96K	10/21	0.19 mi	33, Morpeth Street, Hull, City Of Kingston Upon Hull HU3 1RG	£1,043	92	3	Terraced House
£85K	11/21	0.22 mi	38, Freehold Street, Hull, City Of Kingston Upon Hull HU3 1RD	£828	103	3	Terraced House
£131K	12/22	0.23 mi	48, Wenlock Street, Hull, City Of Kingston Upon Hull HU3 1DF	£1,541	85	3	Terraced House
£156K	10/21	0.24 mi	37, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SA	£1,173	133	3	Terraced House
£131K	03/23	0.26 mi	7, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP	-	-	3	Terraced House
£145K	04/21	0.26 mi	57, Duesbery Street, Hull, City Of Kingston Upon Hull HU5 3QE	-	-	3	Terraced House
£150K	02/23	0.26 mi	19, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP	£1,744	86	3	Terraced House
£92K	08/23	0.29 mi	55, Vane Street, Hull, City Of Kingston Upon Hull HU3 1RJ	-	-	3	Terraced House
£167K	01/23	0.29 mi	16, Leicester Street, Hull, City Of Kingston Upon Hull HU3 1TA	£1,465	114	3	Semi-Detached House
£87K	08/21	0.3 mi	63, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN	-	-	3	Terraced House
£230K	09/21	0.3 mi	28, Sunny Bank, Hull, Humberside HU3 1LH	£1,321	174	3	Terraced House
£85K	02/23	0.35 mi	4a, Wellington Lane, Hull, City Of Kingston Upon Hull HU3 1SG	£966	88	3	Terraced House
£110K	10/21	0.38 mi	15, Hampstead Court, Hull, City Of Kingston Upon Hull HU3 1UF	-	-	3	Terraced House
£130K	06/23	0.41 mi	40, Park Road, Hull, City Of Kingston Upon Hull HU5 2TB	£1,494	87	3	Terraced House
£96.5K	12/20	0.44 mi	23, Somerscales Street, Hull, City Of Kingston Upon Hull HU2 9PA	£937	103	3	Terraced House
£90K	03/21	0.46 mi	3, Blundell Close, Hull, City Of Kingston Upon Hull HU2 9BX	£1,082	83	3	Terraced House
£137K	08/22	0.5 mi	55, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9BB	£1,511	91	3	Terraced House
£85K	12/20	0.51 mi	70, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY	£1,164	73	3	Terraced House
£105K	03/21	0.53 mi	18, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9AP	£1,040	101	3	Terraced House
£135K	01/23	0.53 mi	385, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 1LD	-	-	3	Terraced House
£110K	08/22	0.53 mi	16, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9AP	£1,134	97	3	Terraced House
£100K	08/21	0.55 mi	11, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU	£1,563	64	3	Terraced House
£83K	12/20	0.55 mi	14, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU	£814	102	3	Terraced House
£91K	02/21	0.58 mi	45, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE	£1,071	85	3	Terraced House
£85K	10/21	0.58 mi	29, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE	-	-	3	Semi-Detached House
£115K	03/23	0.63 mi	5, St Clements Place, Hull, City Of Kingston Upon Hull HU2 9LW	£1,322	87	3	Terraced House
£140K	11/21	0.65 mi	7, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 0DY	-	-	3	Terraced House
£155K	08/22	0.65 mi	16, Spring Grove, Hull, City Of Kingston Upon Hull HU3 1JZ	-	-	3	Detached House
£205K	06/23	0.67 mi	24, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AY	£1,602	128	3	Terraced House
£72K	03/21	0.68 mi	14, Newport Close, Hull, City Of Kingston Upon Hull HU3 2NB	-	-	3	Terraced House
£176K	10/21	0.69 mi	5, Muirfield Park, Hull, City Of Kingston Upon Hull HU5 3JF	-	-	3	Terraced House
£86K	10/20	0.72 mi	172, Coltman Street, Hull, City Of Kingston Upon Hull HU3 2SQ	£1,147	75	3	Terraced House
£107K	03/23	0.72 mi	79, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH	£1,259	85	3	Terraced House
£95K	07/21	0.73 mi	44, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BB	-	-	3	Terraced House
£130K	11/22	0.73 mi	44, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BB	-	-	3	Terraced House
£115K	02/21	0.73 mi	22, Dundee Street, Hull, City Of Kingston Upon Hull HU5 3TX	£1,292	89	3	Semi-Detached House
£87K	04/21	0.74 mi	50, Grange Close, Hull, City Of Kingston Upon Hull HU2 0AT	£1,338	65	3	Terraced House
£139K	11/22	0.74 mi	18, Dundee Street, Hull, City Of Kingston Upon Hull HU5 3TX	-	-	3	Semi-Detached House
£95K	12/22	0.75 mi	19, Ena Street, Hull, City Of Kingston Upon Hull HU3 2TG	£1,145	83	3	Terraced House
£80K	01/23	0.77 mi	31, Queensgate Street, Hull, City Of Kingston Upon Hull HU3 2TT	-	-	3	Terraced House
£160K	02/22	0.78 mi	15, John Street, Hull, City Of Kingston Upon Hull HU2 8DH	-	-	3	Semi-Detached House
£87K	11/21	0.78 mi	9, Selby Street, Hull, City Of Kingston Upon Hull HU3 3PB	£888	98	3	Terraced House
£190K	12/20	0.78 mi	146, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AU	£1,712	111	3	Terraced House
£110K	12/22	0.78 mi	8, Midgley Close, Hull, City Of Kingston Upon Hull HU3 2QL	£1,125	98	3	Terraced House
£177K	02/21	0.78 mi	167, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AT	£1,844	96	3	Terraced House
£185K	08/21	0.78 mi	203, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AT	£1,968	94	3	Terraced House

Local Rents

15 rents from £600/mo to £1.3K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£700	11/24	0.02 mi	-	3	Detached House
£925	12/24	0.19 mi	-	3	Terraced House
£1,100	12/24	0.22 mi	-	3	Terraced House
£1,100	12/24	0.22 mi	-	3	Terraced House
£1,200	05/24	0.28 mi	Blenheim Street, Hull, HU5	3	Terraced House
£1,200	06/24	0.28 mi	-	3	Terraced House
£900	03/25	0.3 mi	-	3	Terraced House
£875	04/24	0.38 mi	Park Grove, Hull, HU5	3	Terraced House
£875	05/24	0.38 mi	Park Grove, Hull, HU5	3	Terraced House
£1,300	05/24	0.48 mi	Ferensway, Hull, HU2 8LE	3	Flat
£900	03/25	0.48 mi	-	3	Flat
£750	12/24	0.55 mi	-	3	Terraced House
£945	02/25	0.58 mi	-	3	Terraced House
£850	12/24	0.6 mi	-	3	Flat
£600	12/24	0.61 mi	-	3	Terraced House

Local Area Statistics

Population in HU3	26,64826,648
Population in Hull	313,622313,622
Town centre distance	0.79 miles away0.79 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.71 miles away0.71 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £90,000

December 18, 2024

Floor Plans

Description

SMART TWO-BEDROOM MID TERRACE +
CONVERTED LOFT ROOM +
POPULAR PEDESTRIAN CUL-DE-SAC +
BRIGHT LIVING ROOM WITH BAY WINDOW +
SPACIOUS KITCHEN WITH DINING AREA +
SPACIOUS KITCHEN WITH DINING AREA +
SPACIOUS KITCHEN WITH DINING AREA +
IDEAL FOR FIRST-TIME BUYERS OR INVESTORS +
EPC D +

GUIDE PRICE £90,000 - £95,000

SMART TWO-BEDROOM MID TERRACE property, featuring a CONVERTED LOFT ROOM in a sought-after pedestrian CUL-DE-SAC. This inviting home offers a BRIGHT LIVING ROOM, SPACIOUS KITCHEN, and a small COURTYARD with RAISED BEDS. Ideal for FIRST-TIME BUYERS or INVESTORS, this property presents an excellent opportunity in a thriving area.

From the Agent's Perspective:

As you step into the ENTRANCE HALL, you're greeted by a BRIGHT LIVING ROOM with a BAY WINDOW, perfect for all your modern furniture needs. The KITCHEN at the rear provides ample space for a DINING TABLE and STORAGE UNITS, making it a versatile area for both cooking and dining.

The GROUND FLOOR BATHROOM is conveniently located off the lobby, featuring a BATH, SHOWER CUBICLE, BASIN, and WC. From here, the back door opens to a cosy COURTYARD, complete with RAISED BEDS, offering a touch of greenery.

The first floor hosts a SPACIOUS BEDROOM at the front, with a second BEDROOM behind the staircase. A secondary staircase leads to the converted LOFT ROOM, featuring a Velux window that floods the space with natural light. This property is perfect for those seeking a bit more space or investors looking for a promising rental opportunity.

Tenure The property is freehold.

Council Tax Council Tax is payable to the Kingston Upon 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.

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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