3 Bed Terraced House, Refurb/BRRR, Hull, HU8 8TJ, £75,000

Berkshire Street, Hull, HU8 8TJ - 5 views - 3 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£71.8K - £275K
Sold Prices/m²£674/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£90,900
BMV1%

 

 

End Value (After Refurb)

£135,503

Uplift in Value

+51%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£37,139

Bridging Loan Interest

£1,969

Total Cash In

£63,508

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,503

Mortgage (After Refinance)

£101,627

Mortgage LTV

75%

Cash Released

£45,377

Cash Left In

£18,131

Equity

£33,876

Rent Range

£625 - £900

Rent Estimate

£734

Running Costs/mo

£590

Cashflow/mo

£144

Cashflow/yr

£1,725

ROI

3%

Gross Yield

12%

Local Sold Prices

50 sold prices from £71.8K to £275K, average is £125.5K. £674/m² to £3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£110K04/210.1 mi14, Derwent Street, Hull, City Of Kingston Upon Hull HU8 8TX3
£96K05/210.1 mi123, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF3
£104K03/210.12 mi16, Chestnut Grove, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QL3
£130K12/200.13 mi44, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ3
£161K11/200.13 mi52, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ3
£97K11/210.13 mi1, Alston Avenue, Hull, City Of Kingston Upon Hull HU8 8UA3
£132.5K05/230.14 mi64, Chestnut Grove, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QN3
£72K04/230.15 mi112, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ3
£155K03/210.16 mi34, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QH3
£108K09/210.17 mi5, Cudworth Grove, Hull, City Of Kingston Upon Hull HU8 7SB3
£91K11/200.18 mi57, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SZ3
£125K11/210.19 mi120, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£110K05/210.19 mi126, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£128K09/210.19 mi108, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£92K07/230.19 mi70, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£160K03/230.2 mi108, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TW3
£132K01/230.21 mi167, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£132.5K05/210.21 mi127, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£118K07/210.21 mi147, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£135K07/230.21 mi71, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ3
£210K03/210.22 mi8, Elm Avenue, Hull, City Of Kingston Upon Hull HU8 8PZ3
£135K11/210.24 mi97, Jalland Street, Hull, Humberside HU8 8RA3
£112K03/210.24 mi19, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RA3
£135K12/210.25 mi14, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB3
£124K10/210.25 mi34, Durham Street, Hull, Humberside HU8 8RE3
£115K04/210.25 mi60, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RE3
£120K05/230.25 mi25, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RE3
£210K05/230.26 mi66, Village Road, Hull, City Of Kingston Upon Hull HU8 8QT3
£251K05/210.26 mi15, Elm Avenue, Hull, City Of Kingston Upon Hull HU8 8PS3
£217K11/200.3 mi37, Maytree Avenue, Hull, City Of Kingston Upon Hull HU8 8PP3
£195K07/230.32 mi22, Lilac Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PT3
£205K01/210.33 mi101, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PE3
£130K03/210.33 mi63, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PE3
£212.5K04/230.33 mi10, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PH3
£120K01/210.34 mi223, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TL3
£88K04/230.36 mi17, Sherburn Street, Hull, City Of Kingston Upon Hull HU9 2LA3
£110K11/210.38 mi4, Swinburne Street, Hull, City Of Kingston Upon Hull HU8 8LY3
£250K03/210.38 mi94, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PA3
£275K07/230.38 mi111, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PA3
£120K02/230.39 mi5, Dryden Street, Hull, City Of Kingston Upon Hull HU8 8ND3
£126K10/200.39 mi97, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LZ3
£112K11/220.4 mi13, Coleridge Street, Hull, City Of Kingston Upon Hull HU8 8LX3
£112K10/200.43 mi98, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LU3
£111K07/210.43 mi7, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DS3
£71.8K10/210.44 mi141, New Bridge Road, Hull, City Of Kingston Upon Hull HU9 2LP3
£120K02/210.45 mi68, Chamberlain Road, Hull, City Of Kingston Upon Hull HU8 8HP3
£135K05/230.45 mi17, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3AA3
£135K11/200.46 mi30, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR3
£115K04/210.46 mi56, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR3
£130K11/220.46 mi3, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DS3

Local Rents

26 rents from £625/mo to £900/mo, average is £735/mo.

RentDateDistanceAddressBeds 
£79504/240.1 miMersey Street, Hull3
£65005/240.12 miBarnsley Street, HU83
£85005/240.13 miChestnut Grove, Garden Village, HU83
£79505/240.15 miSevern Street, HULL3
£69505/240.16 miMersey St, Hull, HU83
£79505/240.24 miSevern Street, Hull3
£79505/240.24 miJalland Street, Hull, HU83
£69505/240.27 miColman Crescent, Hull, East Riding Of Yorkshire, HU83
£85003/250.34 mi-3
£69512/240.35 mi-3
£74505/240.39 mi-3
£85004/250.42 mi-3
£72505/240.43 miSherburn Street, Hull3
£65005/240.44 miByron Street, Westcott Street3
£65006/240.44 miByron Street, Westcott Street3
£75005/240.45 mi-3
£72505/240.47 miSummergangs Road, Hull3
£70012/240.51 mi-3
£75004/240.52 mi-3
£77512/240.52 mi-3
£62503/240.53 miJames Niven Court, Hull, East Riding Of Yorkshire, HU93
£69504/240.53 mi-3
£70003/250.58 mi-3
£75004/250.61 mi-3
£90004/250.61 mi-3
£69512/240.62 mi-3

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

1.74 miles away

Nearest school

0.10 miles away

Nearest train station

1.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Price changed to £75,000

March 20, 2025

Price changed to £80,000

February 12, 2025

Listed for £90,000

January 4, 2025

Sold for £26,500

2003

Description

  • NO ONWARD CHAIN +
  • SOLD AS SEEN +
  • COUNCIL TAX BAND: A +
  • 3 BEDROOMS +
  • INVESTMENT OPPORTUNITY +
  • ON-STREET PARKING +
  • 79sqm / c.850sq.ft +

SUMMARY
Welcome to this three-bedroom terraced family home, bursting with potential and awaiting transformation. Situated in a convenient and sought-after location, this property offers an ideal opportunity for buyers seeking a renovation project to create their dream home.

DESCRIPTION
Upon entering, you are greeted by an entrance hall leading to the open-plan lounge and dining area, a versatile space perfect for modern family living. To the rear, you'll find the kitchen and the ground-floor bathroom, both in need of updating but offering great scope for redesign.

Upstairs, the property comprises three generously sized bedrooms, ideal for accommodating a growing family or creating a home office or hobby space.

Externally, there is a low-maintenance rear yard offering private outdoor space. The property is offered with no onward chain, ensuring a straightforward purchase process.

Whether you're an experienced investor or a buyer looking for a home to personalize from scratch, this property is packed with possibilities and ready to be brought back to life. Arrange your viewing today to explore its potential!

Lounge 12' 1" max x 10' 8" max ( 3.68m max x 3.25m max )

Dining Room 11' 9" max x 11' max ( 3.58m max x 3.35m max )

Kitchen 11' 9" max x 8' 4" max ( 3.58m max x 2.54m max )

Bedroom 1 14' 1" max x 10' 1" max ( 4.29m max x 3.07m max )

Bedroom 2 12' max x 7' 8" max ( 3.66m max x 2.34m max )

Bedroom 3 8' 4" max x 7' 10" max ( 2.54m max x 2.39m max )

Bathroom 7' 4" max x 5' 5" max ( 2.24m max x 1.65m max )

Please Note: 
There is limited material information available for this property, which is thus sold as seen.

DIRECTIONS
Please see below map, or for further information, please contact the residential sales team on .

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Hull Holderness Road

01482 251615

Next Steps?

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