2 Bed Terraced House, Motivated Seller, Hull, HU8 7HS, £59,000

Egton Street, Hull, Yorkshire, East Riding, HU8 7HS - 18 views - 3 months ago

Motivated
BTL
ROI: 5%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£50K - £175K
Sold Prices/m²£710/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£866/m²

Value Estimate

£102,228
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,750

Stamp Duty & Legal Fees

£3,900

Total Cash In

£18,650

 

 

Cash Out

 

Rent Range

£417 - £4,300

Rent Estimate

£525

Running Costs/mo

£309

Cashflow/mo

£216

Cashflow/yr

£2,588

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £50K to £175K, average is £102.5K. £710/m² to £3.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£67K02/230 mi92, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HS2
£80K04/230.05 mi6, Whitby Street, Hull, City Of Kingston Upon Hull HU8 7HN2
£58.5K04/210.07 mi5, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU2
£50K04/230.07 mi39, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU2
£69.5K03/230.07 mi78, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU2
£75K04/210.31 mi48, Field Street, Hull, City Of Kingston Upon Hull HU9 1HS2
£60K12/200.36 mi76, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JZ2
£127.5K01/230.41 mi70, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£65K10/220.41 mi34, New George Street, Hull, City Of Kingston Upon Hull HU2 8AY2
£123K11/210.42 mi8, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£120K12/210.42 mi62, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£100K02/210.42 mi11, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£50K09/210.5 mi13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU2
£136K02/230.53 mi29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£110K03/230.54 mi107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF2
£105K01/210.55 mi30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£130K10/200.55 mi26, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£72.5K02/210.56 mi127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA2
£65K03/230.61 mi177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£77.5K03/210.61 mi50, Endymion Street, Hull, City Of Kingston Upon Hull HU8 8TY2
£77K12/220.61 mi148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£145K07/210.62 mi32, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY2
£117K02/210.62 mi6, Bridgegate Drive, Hull, Humberside HU9 1SY2
£175K07/230.62 mi28, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY2
£110K01/230.62 mi39, Bridlington Avenue, Hull, City Of Kingston Upon Hull HU2 0DU2
£96K02/230.63 mi71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX2
£106.5K02/210.64 mi39, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TH2
£50K05/210.64 mi13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ2
£61K12/200.64 mi9, Berkshire Street, Hull, Humberside HU8 8TJ2
£155K07/210.65 mi69, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW2
£152K04/230.65 mi20, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW2
£167.5K06/230.65 mi7, Maldon Drive, Hull, City Of Kingston Upon Hull HU9 1QA2
£77K05/210.66 mi124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH2
£71K06/210.66 mi64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ2
£64K11/200.66 mi44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB2
£175K06/220.69 mi1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ2
£145K01/210.69 mi1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ2
£88.5K06/230.69 mi38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG2
£139K07/210.71 mi40, Mast Drive, Hull, City Of Kingston Upon Hull HU9 1ST2
£137.5K03/210.72 mi10, Pilots Way, Hull, City Of Kingston Upon Hull HU9 1PS2
£115K04/210.72 mi32, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ2
£158K03/230.72 mi18, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ2
£72K12/210.72 mi145, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DH2
£170K03/230.73 mi12, Harbour Way, Hull, City Of Kingston Upon Hull HU9 1PL2
£67.5K11/200.73 mi65, New Bridge Road, Hull, Humberside HU9 2RB2
£85K01/220.73 mi196, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 9LP2
£80K11/200.74 mi127, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RQ2
£125K11/200.75 mi35, Ashendon Drive, Hull, City Of Kingston Upon Hull HU8 8DY2
£131K11/200.75 mi19, Bibury Close, Hull, City Of Kingston Upon Hull HU8 8HQ2
£135K12/200.75 mi29, Idas Close, Hull, City Of Kingston Upon Hull HU9 1TF2

Local Rents

51 rents from £417/mo to £4.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£60010/240.03 mi-2
£55001/250.05 mi-2
£52504/240.05 miWhitby Street, Hull, HU82
£60004/250.05 mi-2
£62502/250.05 mi-2
£90003/250.05 mi-2
£52505/240.07 miFerndale, Redcar St, Hull, HU82
£55005/240.07 mi70 Egton Street2
£47505/240.11 miEgton Street, Hull, HU82
£90001/240.26 mi-2
£82505/240.26 mi-2
£70001/250.26 mi-2
£77501/250.26 mi-2
£79512/240.29 mi-2
£72503/250.29 mi-2
£65004/240.29 mi24, Tradewinds, Old Harbour Court2
£90005/240.29 miCharterhouse School, Hull, HU22
£90006/240.29 mi-2
£60004/240.31 mi26 Field Street2
£60004/240.31 mi-2
£75012/240.32 mi-2
£60004/240.32 mi8 Ormington Villas 2
£55005/240.36 miHenley Avenue, Brazil Street, Hull, East Riding Of Yorkshire, HU92
£55005/240.36 mi5 Henley Avenue, HU9 1JU2
£52505/240.37 mi-2
£52505/240.37 miHenley Avenue, Hull, HU92
£60006/240.37 miAbbey Street, HULL2
£59505/240.38 miBrentwood Avenue, Brazil St, Hull, HU92
£69505/240.44 miBannister Drive, Hull, HU92
£55005/240.44 miDansom Lane North, HULL2
£59505/240.44 miDamson Lane North, Garden Village, Hull, HU8 7RR2
£1,40002/250.45 mi-2
£1,35002/250.45 mi-2
£1,70002/250.45 mi-2
£1,45004/240.45 miThe Glass House, Queens Gardens2
£2,25005/240.45 miPenthouse The Glass House, Queens Gardens2
£41704/240.49 mi-2
£3,40004/240.52 mi-2
£3,40006/240.52 mi-2
£4,30006/240.52 mi-2
£4,30006/240.52 mi-2
£1,70002/250.52 mi-2
£1,65001/250.52 mi-2
£1,50001/250.52 mi-2
£1,45001/250.52 mi-2
£1,25002/250.52 mi-2
£1,70003/250.52 mi-2
£1,95006/240.54 mi-2
£1,10007/240.54 miCooper House, Silvester Street, Hull2
£1,95006/240.55 mi-2
£67506/240.55 miPhoenix House, High Street, HU12

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

1.62 miles away

Nearest school

0.40 miles away

Nearest train station

0.97 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 £59,000

March 20, 2025

Price changed to £65,000

March 4, 2025

Price changed to £75,000

February 24, 2025

Price changed to £80,000

February 8, 2025

Listed for £90,000

January 10, 2025

Floor Plans

Description

  • Council Tax Band A, Freehold, +
  • In Need of Refurbishment +
  • Chain Free +
  • Spacious Living Room/Dining Room +
  • Fitted Kitchen +
  • Two Double Bedrooms +
  • Family Bathroom +
  • Rear Yard +
  • Convenient Location +
  • Viewing Advised +

Chain Free and In Need of Refurbishment, this terraced home is situated in the centre of Hull with easy access to the A53. With plenty of potential we advise early viewings

This terraced home is located in Hull with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen.

To the first floor is an inviting landing area through to two well-proportioned bedrooms and a three-piece bathroom

Externally, the property benefits from a rear yard

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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