2 Bed Terraced House, Single Let, Hull, HU8 8EG, £60,000

24 Lorraine Street, Hull, HU8 8EG - 3 views - 3 months ago

BTL
ROI: 10%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£50K - £160K
Sold Prices/m²£698/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£90,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,450

Total Cash In

£18,450

 

 

Cash Out

 

Rent Range

£550 - £1,070

Rent Estimate

£550

Running Costs/mo

£318

Cashflow/mo

£233

Cashflow/yr

£2,790

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £50K to £160K, average is £107.3K. £698/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£65K07/230.04 mi68, Mayville Avenue, Hull, City Of Kingston Upon Hull HU8 8EZ2
£104K10/200.17 mi16, Camborne Grove, Hull, City Of Kingston Upon Hull HU8 8HX2
£95K04/210.17 mi15, Camborne Grove, Hull, City Of Kingston Upon Hull HU8 8HX2
£83K12/200.18 mi13, Pendeen Grove, Hull, City Of Kingston Upon Hull HU8 8HY2
£95K12/200.19 mi10, Rockford Grove, Hull, City Of Kingston Upon Hull HU8 8HZ2
£70K02/230.21 mi15, Rockford Grove, Hull, City Of Kingston Upon Hull HU8 8HZ2
£118.5K05/210.23 mi47, Lamorna Avenue, Hull, City Of Kingston Upon Hull HU8 8HS2
£65K08/210.24 mi7, Kathleen Road, Hull, City Of Kingston Upon Hull HU8 8EB2
£91.5K01/210.24 mi88, Lamorna Avenue, Hull, City Of Kingston Upon Hull HU8 8HT2
£110K11/200.24 mi279, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DY2
£103.3K06/210.26 mi79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF2
£103.3K06/210.26 mi79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF2
£128K03/230.27 mi22, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JE2
£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
£89K12/200.29 mi52, Glebe Road, Hull, City Of Kingston Upon Hull HU7 0DX2
£107K03/210.29 mi18, Woodhall Street, Hull, City Of Kingston Upon Hull HU8 8DS2
£101.5K01/230.29 mi50, Glebe Road, Hull, City Of Kingston Upon Hull HU7 0DX2
£112K02/210.31 mi54, Rockford Avenue, Hull, City Of Kingston Upon Hull HU8 8JB2
£67K08/230.32 mi4, Kirkstead Street, Hull, City Of Kingston Upon Hull HU8 8DR2
£125K11/200.33 mi35, Ashendon Drive, Hull, City Of Kingston Upon Hull HU8 8DY2
£131K11/200.34 mi19, Bibury Close, Hull, City Of Kingston Upon Hull HU8 8HQ2
£80K01/210.36 mi40, Leads Road, Hull, City Of Kingston Upon Hull HU7 0BY2
£120K08/210.37 mi4, Simpson Avenue, Hull, City Of Kingston Upon Hull HU8 8AS2
£98K12/220.38 mi97, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DT2
£110K12/220.38 mi62, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DT2
£135K12/200.4 mi1, Eden Drive, Hull, City Of Kingston Upon Hull HU8 8JQ2
£129K01/230.4 mi170, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0EE2
£111K03/210.43 mi160, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TN2
£135K12/200.43 mi172, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TN2
£145K10/210.44 mi149, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ2
£126K10/200.44 mi103, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TJ2
£160K11/200.45 mi4, Carnoustie Close, Hull, City Of Kingston Upon Hull HU8 8JH2
£130K01/230.45 mi9, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DS2
£120K05/210.48 mi46, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0ED2
£150K09/210.49 mi11, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL2
£115K04/210.49 mi32, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL2
£106.5K02/210.5 mi39, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TH2
£135K10/200.51 mi27, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0EA2
£112K11/210.52 mi4, Ballantyne Close, Hull, City Of Kingston Upon Hull HU7 0EJ2
£95K04/210.56 mi1, Joscelyn Avenue, Hull, City Of Kingston Upon Hull HU7 0DH2
£122.5K08/210.57 mi11, Thornhill Avenue, Hull, City Of Kingston Upon Hull HU8 0EU2
£125K05/210.57 mi17, Burbage Avenue, Hull, City Of Kingston Upon Hull HU8 0ET2
£77.5K03/210.59 mi50, Endymion Street, Hull, City Of Kingston Upon Hull HU8 8TY2
£128.5K03/210.61 mi48, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ2
£50K09/210.61 mi13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU2
£77K12/220.62 mi148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£72.5K02/210.62 mi127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA2
£65K03/230.64 mi177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£61K12/200.65 mi9, Berkshire Street, Hull, Humberside HU8 8TJ2

Local Rents

32 rents from £550/mo to £1.1K/mo, average is £620/mo.

RentDateDistanceAddressBeds 
£75004/240.01 mi-2
£75004/240.01 mi-2
£59505/240.02 miMyrtle Grove, Lorraine Street, Hull, East Riding Of Yorkshire, HU82
£59505/240.02 mi9 Myrtle Grove, HU8 8ET2
£58510/240.03 mi-2
£57505/240.03 miLaburnum Grove, Lorraine Street, Hull, East Riding of Yorkshi, HU82
£57505/240.03 miLaburnum Grove, Lorraine Street, Hull, East Riding Of Yorkshire, HU82
£57505/240.03 mi1 Laburnum Grove, HU8 8ES2
£62012/240.19 mi-2
£62001/240.19 mi-2
£67505/240.23 miKathleen Road, HU82
£65010/240.31 mi-2
£57505/240.32 mi5 Kirkstead Avenue2
£75005/240.34 miAshendon Drive, Hull2
£67505/240.36 miLeads Road, Hull2
£65006/240.36 miForedyke Avenue, Hull2
£59505/240.38 miForedyke Avenue, Leeds Road, Hull, East Yorkshire, HU72
£90004/250.4 mi-2
£69503/240.47 mi-2
£65006/240.48 mi31, Lindengate Avenue, Leeds Road2
£65005/240.56 miLambwath Road, Hull, East Yorkshire, HU82
£72502/250.56 mi-2
£77502/250.56 mi-2
£59506/240.57 miEddlethorpe, Buckingham Street, Hull2
£55005/240.59 miEndymion Street, Hull2
£62505/240.6 miEndymion Street, Hull2
£59512/240.61 mi-2
£59502/250.61 mi-2
£1,07004/250.61 mi-2
£55004/240.61 mi-2
£59501/240.62 mi-2
£59502/240.62 mi-2

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

1.38 miles away

Nearest school

0.10 miles away

Nearest train station

1.77 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 £60,000

March 16, 2025

Price changed to £70,000

February 12, 2025

Listed for £75,000

January 9, 2025

Description

  • No chain involved +
  • Ideal for first-time buyers or buy-to-let investors +
  • Spacious lounge and well-equipped kitchen +
  • Two bedrooms and first-floor wet room +
  • Excellent transport links to the city centre and beyond +
  • Arrange your viewing today! +

This two-bedroom end-terrace property, offered with no chain, is perfect for first-time buyers or buy-to-let investors. Situated in a convenient location with excellent transport links to the city centre and beyond, the property briefly comprises an entrance leading to a spacious lounge, a well-equipped kitchen, two bedrooms, and a first-floor wet room. With its potential and prime location, this home is a fantastic opportunity not to be missed. Contact us today to arrange a viewing!

?? NO CHAIN INVOLVED!

This two-bedroom end-terrace property is an excellent opportunity for first-time buyers or buy-to-let investors. Conveniently located on Lorraine Street, it offers fantastic transport links to the city centre and beyond.

? Key Features:

Spacious lounge
Well-equipped kitchen
Two bedrooms
First-floor wet room
Ideal for first-time buyers or as a rental investment
With its convenient location and great potential, this property is a must-see. Contact us today to arrange a viewing!

#ForSale #HullProperty #NoChain #FirstHome #BuyToLet

Agent Details

Urban Property, Hull

01482 251844

Next Steps?

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