2 Bed Semi-Detached House, Planning Permission, Hull, HU9 4QS, £115,000

Mirfield Grove, Hull, HU9 4QS - 1 views - 4 months ago

Planning
ROI: 3%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£54.8K - £147.5K
Sold Prices/m²£771/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£87,861

 

 

End Value (After Refurb)

£110,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Refurb Costs

£27,244

Bridging Loan Interest

£3,019

Total Cash In

£65,413

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,000

Mortgage (After Refinance)

£82,500

Mortgage LTV

75%

Cash Left In

£65,413

Equity

£27,500

Rent Range

£490 - £1,000

Rent Estimate

£665

Running Costs/mo

£497

Cashflow/mo

£168

Cashflow/yr

£2,019

ROI

3%

Gross Yield

7%

Local Sold Prices

51 sold prices from £54.8K to £147.5K, average is £85K. £771/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£96.5K02/230.06 mi279, Preston Road, Hull, City Of Kingston Upon Hull HU9 5AJ2
£95K02/230.06 mi6, Northorpe Close, Hull, City Of Kingston Upon Hull HU9 5AH2
£75.5K07/210.12 mi8, Horbury Avenue, Hull, City Of Kingston Upon Hull HU9 4QP2
£92K12/220.14 mi75, Wakefield Avenue, Hull, City Of Kingston Upon Hull HU9 4RD2
£127K06/230.21 mi39, Grantley Grove, Hull, City Of Kingston Upon Hull HU9 4RU2
£80K03/210.36 mi55, Hornby Grove, Hull, City Of Kingston Upon Hull HU9 4PG2
£80K06/210.41 mi34, Taylor Avenue, Hull, City Of Kingston Upon Hull HU9 4PH2
£85K10/200.5 mi133, Staveley Road, Hull, City Of Kingston Upon Hull HU9 4SH2
£75.5K04/230.5 mi11, The Cotswolds, Hull, City Of Kingston Upon Hull HU9 4QJ2
£84K10/200.52 mi45, Anson Road, Hull, City Of Kingston Upon Hull HU9 4SN2
£74K11/200.52 mi3, Tonbridge Grove, Hull, City Of Kingston Upon Hull HU9 5BH2
£59.9K01/210.52 mi16, Tonbridge Grove, Hull, City Of Kingston Upon Hull HU9 5BH2
£93K03/230.52 mi16, Tonbridge Grove, Hull, City Of Kingston Upon Hull HU9 5BH2
£89.5K03/210.53 mi58, Ashwell Avenue, Hull, City Of Kingston Upon Hull HU9 5LJ2
£60K12/200.54 mi30, Griffin Road, Hull, Humberside HU9 4TD2
£90K10/210.54 mi76, Parthian Road, Hull, City Of Kingston Upon Hull HU9 4SX2
£90K11/200.54 mi20, The Chilterns, Hull, City Of Kingston Upon Hull HU9 4QL2
£76.5K01/210.54 mi11, The Chilterns, Hull, City Of Kingston Upon Hull HU9 4QL2
£80K09/210.54 mi8, The Chilterns, Hull, City Of Kingston Upon Hull HU9 4QL2
£64K12/200.55 mi32, Corbridge Close, Hull, City Of Kingston Upon Hull HU9 5BB2
£80K02/210.55 mi1, Corbridge Close, Hull, City Of Kingston Upon Hull HU9 5BB2
£82.5K03/210.55 mi15, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£90K04/210.55 mi49, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£85K04/210.55 mi73, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£77K11/210.59 mi23, Oban Avenue, Hull, City Of Kingston Upon Hull HU9 3NH2
£88.5K01/210.6 mi90, Anson Road, Hull, City Of Kingston Upon Hull HU9 4SP2
£76K04/210.65 mi52, Ceylon Street, Hull, City Of Kingston Upon Hull HU9 5RE2
£83K11/200.67 mi59, Falkland Road, Hull, City Of Kingston Upon Hull HU9 5ER2
£76K06/210.68 mi24, Bideford Grove, Hull, City Of Kingston Upon Hull HU9 5EB2
£75K11/210.69 mi153, Annandale Road, Hull, City Of Kingston Upon Hull HU9 4NR2
£60K02/210.7 mi1061, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£77K07/230.7 mi1099, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£77K07/230.7 mi1099, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£135K12/220.7 mi300, Parthian Road, Hull, City Of Kingston Upon Hull HU9 4TA2
£87K02/210.7 mi187, Hermes Close, Hull, City Of Kingston Upon Hull HU9 4DR2
£110K12/200.7 mi56, Barham Road, Hull, City Of Kingston Upon Hull HU9 4JL2
£140K06/230.7 mi60, Barham Road, Hull, City Of Kingston Upon Hull HU9 4JL2
£79.5K02/230.71 mi1043, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£54.8K04/230.71 mi17, Egypt Street, Hull, City Of Kingston Upon Hull HU9 5QZ2
£90K11/210.71 mi274, Hopewell Road, Hull, City Of Kingston Upon Hull HU9 4HH2
£88K12/210.72 mi16, Stapleford Close, Hull, City Of Kingston Upon Hull HU9 4NE2
£55K07/210.73 mi55, Delhi Street, Hull, Humberside HU9 5QR2
£101.6K06/210.73 mi26, Wivern Road, Hull, City Of Kingston Upon Hull HU9 4HR2
£133K12/210.74 mi28, Harewood Avenue, Hull, City Of Kingston Upon Hull HU9 3LE2
£130K02/230.74 mi7, Harewood Avenue, Hull, City Of Kingston Upon Hull HU9 3LE2
£118K03/230.74 mi24, Wivern Road, Hull, City Of Kingston Upon Hull HU9 4HR2
£85K08/210.74 mi7a, Milne Road, Hull, City Of Kingston Upon Hull HU9 4UB2
£147.5K12/220.76 mi24, Winchester Avenue, Hull, City Of Kingston Upon Hull HU9 4TS2
£90K12/200.76 mi1, Larne Road, Hull, City Of Kingston Upon Hull HU9 4UD2
£133.5K12/210.76 mi28, Larne Road, Hull, City Of Kingston Upon Hull HU9 4UD2
£75K06/230.77 mi39, Castleford Grove, Hull, City Of Kingston Upon Hull HU9 4NP2

Local Rents

35 rents from £490/mo to £1K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£50002/250.13 mi-2
£77505/240.39 miPriestman Way, Dream, Hull, East Riding Of Yorkshire, HU92
£76505/240.39 miPriestman Way, Dream, Hull, East Riding Of Yorkshire, HU92
£59505/240.42 mi5 Acasta Way, Hull, HU9 5SE2
£65005/240.45 miHopewell Road, Hull, East Riding, HU92
£59504/240.46 miAcasta Way, Hull, East Riding Of Yorkshire, HU92
£67505/240.55 miHemswell Avenue, HULL2
£59504/240.59 miBothwell Grove, Hull, Yorkshire, HU92
£57504/240.6 miAnnandale Road, Greatfield, Hull, HU92
£49005/240.66 miRegis Court, Hull, East Riding Of Yorkshire, HU92
£62002/250.67 mi-2
£62002/250.67 mi-2
£62002/250.67 mi-2
£62002/250.67 mi-2
£72503/250.68 mi-2
£70004/240.7 miHedon Road, HULL2
£67504/250.7 mi-2
£59504/240.72 miStapleford Close, Greatfield, HU92
£55004/240.73 miCarlton Avenue, Delhi St, Hull, HU92
£62505/240.73 miWivern Road, Hull, East Riding Of Yorkshire, HU92
£62505/240.73 mi93 Wivern Road, HU9 4HR2
£62504/240.74 miHedon Road, Hull2
£57506/240.75 mi60 Wexford Avenue, Hull, HU9 5DT2
£62504/240.76 mi-2
£67501/250.76 mi-2
£69505/240.85 mi2 Willows Avenue, Hull, HU9 3JN2
£67504/240.85 mi20 Willows Avenue, Hull, HU9 3JN2
£75006/240.86 mi-2
£90002/250.93 mi-2
£60005/241.05 miHolderness Road, HULL2
£1,00004/251.17 mi-2
£1,00005/241.18 miMills Court, Hull, HU92
£1,00007/241.18 mi-2
£81504/251.2 mi-2
£60004/241.22 miStaveley Road, Hull, East Riding, HU9 4BG2

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

3.66 miles away

Nearest school

0.20 miles away

Nearest train station

3.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £115,000

December 19, 2024

Description

  • Ideal as a first home or investment opportunity +
  • Semi-detached property +
  • Large plot offering outdoor potential +
  • No onward chain +
  • Highly popular location +
  • Arrange your viewing today +

Urban Property are presents this two-bedroom semi-detached property with No Chain Involved. This home presents an excellent opportunity for first-time buyers or buy-to-let investors. Situated on a large plot in a highly sought-after location, the home offers spacious accommodation, including two well-proportioned bedrooms, a bright living area, and a kitchen overlooking the generous outdoor space. The expansive plot provides ample potential for gardening, outdoor activities, or future development (subject to planning permissions). Conveniently located close to local amenities, schools, and transport links, this property is perfect for those seeking a comfortable home or a savvy investment. Early viewing is highly recommended to appreciate the potential on offer.

– Two-Bedroom Semi-Detached Home in Popular Location

A fantastic opportunity to acquire a well-proportioned two-bedroom semi-detached property situated on a generously sized plot. With the added benefit of no onward chain, this property is perfect for first-time buyers or buy-to-let investors.

Located in a highly sought-after area, the property offers a practical layout with a spacious living area, open plan to the kitchen with breakfast bar garden views. There is also a brick built outhouse (utility) and two comfortable bedrooms and a wet room to the first floor. The large plot provides plenty of potential for outdoor activities, gardening, or even future extensions (subject to planning permissions).

The property is close to local amenities, schools, and transport links, making it a convenient and desirable choice for a range of buyers.

Key Features:

Two bedrooms
Semi-detached property
Large plot offering outdoor potential
No onward chain for a smooth purchase process
Ideal as a first home or investment opportunity
Highly popular location
Priced competitively at £115,000, this property represents excellent value. Early viewing is highly recommended to appreciate its full potential.

Approx Measurements
Lounge 6.35m x 3.44m
Kitchen 3.85m x 3.40m
Bedroom One 4.55m x 2.83m
Bedroom Two 3.44m x 2.59m

Book your viewing today!

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.

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.

-Room Measurements in these particulars are only approximations and are taken to the widest point.

-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 6 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?

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