2 Bed Terraced House, Single Let, Hull, HU8 8EQ, £83,000

Lorraine Street, Hull, HU8 8EQ - 9 views - 4 months ago

Sold STC
BTL
ROI: 8%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£50K - £180K
Sold Prices/m²£790/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£102,920
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,750

Stamp Duty & Legal Fees

£3,690

Total Cash In

£24,440

 

 

Cash Out

 

Rent Range

£550 - £1,070

Rent Estimate

£550

Running Costs/mo

£389

Cashflow/mo

£161

Cashflow/yr

£1,928

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £50K to £180K, average is £107.3K. £790/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£65K07/230.07 mi68, Mayville Avenue, Hull, City Of Kingston Upon Hull HU8 8EZ2
£83K12/200.1 mi13, Pendeen Grove, Hull, City Of Kingston Upon Hull HU8 8HY2
£95K04/210.1 mi15, Camborne Grove, Hull, City Of Kingston Upon Hull HU8 8HX2
£95K12/200.12 mi10, Rockford Grove, Hull, City Of Kingston Upon Hull HU8 8HZ2
£70K02/230.13 mi15, Rockford Grove, Hull, City Of Kingston Upon Hull HU8 8HZ2
£118.5K05/210.15 mi47, Lamorna Avenue, Hull, City Of Kingston Upon Hull HU8 8HS2
£91.5K01/210.16 mi88, Lamorna Avenue, Hull, City Of Kingston Upon Hull HU8 8HT2
£103.3K06/210.18 mi79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF2
£103.3K06/210.18 mi79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF2
£128K03/230.19 mi22, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JE2
£112K02/210.23 mi54, Rockford Avenue, Hull, City Of Kingston Upon Hull HU8 8JB2
£110K11/200.23 mi279, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DY2
£65K08/210.27 mi7, Kathleen Road, Hull, City Of Kingston Upon Hull HU8 8EB2
£107.5K03/230.28 mi73, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DU2
£90K08/210.28 mi73, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DU2
£101.5K01/230.29 mi50, Glebe Road, Hull, City Of Kingston Upon Hull HU7 0DX2
£89K12/200.3 mi52, Glebe Road, Hull, City Of Kingston Upon Hull HU7 0DX2
£107K03/210.31 mi18, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DS2
£135K12/200.32 mi1, Eden Drive, Hull, City Of Kingston Upon Hull HU8 8JQ2
£120K08/210.34 mi4, Simpson Avenue, Hull, City Of Kingston Upon Hull HU8 8AS2
£131K11/200.34 mi19, Bibury Close, Hull, City Of Kingston Upon Hull HU8 8HQ2
£98K12/220.35 mi97, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DT2
£110K12/220.35 mi62, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DT2
£67K08/230.35 mi4, Kirkstead Street, Hull, City Of Kingston Upon Hull HU8 8DR2
£125K11/200.35 mi35, Ashendon Drive, Hull, City Of Kingston Upon Hull HU8 8DY2
£129K01/230.35 mi170, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0EE2
£111K03/210.36 mi160, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TN2
£135K12/200.36 mi172, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TN2
£80K01/210.37 mi40, Leads Road, Hull, City Of Kingston Upon Hull HU7 0BY2
£160K11/200.37 mi4, Carnoustie Close, Hull, City Of Kingston Upon Hull HU8 8JH2
£145K10/210.4 mi149, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ2
£150K09/210.41 mi11, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL2
£115K04/210.41 mi32, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL2
£120K05/210.43 mi46, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0ED2
£130K01/230.43 mi9, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DS2
£112K11/210.46 mi4, Ballantyne Close, Hull, City Of Kingston Upon Hull HU7 0EJ2
£106.5K02/210.48 mi39, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TH2
£122.5K08/210.49 mi11, Thornhill Avenue, Hull, City Of Kingston Upon Hull HU8 0EU2
£125K05/210.5 mi17, Burbage Avenue, Hull, City Of Kingston Upon Hull HU8 0ET2
£95K04/210.55 mi1, Joscelyn Avenue, Hull, City Of Kingston Upon Hull HU7 0DH2
£128.5K03/210.56 mi48, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ2
£77.5K03/210.57 mi50, Endymion Street, Hull, City Of Kingston Upon Hull HU8 8TY2
£77K12/220.59 mi148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£180K12/220.6 mi153, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EW2
£125K11/200.6 mi139, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EW2
£96K04/210.6 mi184, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EW2
£72.5K02/210.6 mi127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA2
£50K09/210.6 mi13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU2
£65K03/230.61 mi177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£61K12/200.61 mi9, Berkshire Street, Hull, Humberside HU8 8TJ2

Local Rents

42 rents from £550/mo to £1.1K/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£58510/240.05 mi-2
£75004/240.07 mi-2
£75004/240.07 mi-2
£59505/240.1 miMyrtle Grove, Lorraine Street, Hull, East Riding Of Yorkshire, HU82
£59505/240.1 mi9 Myrtle Grove, HU8 8ET2
£62012/240.11 mi-2
£62001/240.11 mi-2
£57505/240.11 miLaburnum Grove, Lorraine Street, Hull, East Riding of Yorkshi, HU82
£57505/240.11 miLaburnum Grove, Lorraine Street, Hull, East Riding Of Yorkshire, HU82
£57505/240.11 mi1 Laburnum Grove, HU8 8ES2
£65010/240.23 mi-2
£67505/240.27 miKathleen Road, HU82
£65006/240.33 miForedyke Avenue, Hull2
£59505/240.35 miForedyke Avenue, Leeds Road, Hull, East Yorkshire, HU72
£75005/240.36 miAshendon Drive, Hull2
£57505/240.36 mi5 Kirkstead Avenue2
£90004/250.38 mi-2
£67505/240.38 miLeads Road, Hull2
£65006/240.43 mi31, Lindengate Avenue, Leeds Road2
£69503/240.44 mi-2
£65005/240.48 miLambwath Road, Hull, East Yorkshire, HU82
£72504/250.53 mi-2
£77502/250.54 mi-2
£79504/250.54 mi-2
£59506/240.54 miEddlethorpe, Buckingham Street, Hull2
£55005/240.57 miEndymion Street, Hull2
£62505/240.57 miEndymion Street, Hull2
£59512/240.58 mi-2
£59502/250.58 mi-2
£1,07004/250.58 mi-2
£55004/240.59 mi-2
£59501/240.6 mi-2
£59502/240.6 mi-2
£55004/240.6 mi-2
£60012/240.6 mi-2
£56502/240.61 mi-2
£75006/240.61 miBuckingham Street, HULL2
£55002/240.62 mi-2
£55003/250.62 mi-2
£57504/240.62 miAlaska Street, Hull, East Riding of Yorkshi, HU82
£55006/240.62 mi-2
£55005/240.62 miEast Ridings Of Yorkshire, East Ridings Of Yorkshire, HU82

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

1.46 miles away

Nearest school

0.10 miles away

Nearest train station

1.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £83,000

December 27, 2024

Sold for £71,000

2022

Sold for £27,950

1998

Sold for £13,000

1998

Floor Plans

Description

  • Two Bedrooms +
  • Converted Garage With Multiple Use +
  • Three Bathrooms +
  • Garden Fronted +
  • Close To All Amenities +

The Property
This versatile and well-maintained two-bedroom property is situated in a popular residential area, offering excellent access to local amenities and transport links. Perfectly suited for families or those looking for a home with flexible living options, this home has much more to offer than meets the eye.

The ground floor features a welcoming living space, a convenient downstairs shower room, and a modern kitchen that leads to the garden. The garden fronted property also boasts a converted garage, now a large insulated room with its own separate shower room. Currently used as a third bedroom, this space offers endless possibilities, whether as a workshop, office, home business space, granny annex, or additional living area.

Upstairs, you’ll find two good-sized bedrooms and a family bathroom, providing comfort and privacy for all members of the household. Outside, the property includes a front garden, while the rear yard with converted garage.

With its flexible layout and desirable location, this property is ideal for a variety of needs and lifestyles.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Hull

020 3907 3358

Next Steps?

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