2 Bed Terraced House, Single Let, Hull, HU3 1RG, £80,000

Morpeth Street, Hull, HU3 1RG - 2 views - 3 months ago

BTL
ROI: 5%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£58.8K - £158K
Sold Prices/m²£703/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£86,274

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,900

Total Cash In

£23,900

 

 

Cash Out

 

Rent Range

£495 - £1,590

Rent Estimate

£525

Running Costs/mo

£375

Cashflow/mo

£150

Cashflow/yr

£1,800

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £58.8K to £158K, average is £89.5K. £703/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£86K09/220.31 mi5, Sophia Close, Hull, City Of Kingston Upon Hull HU2 9PG2
£87K11/200.31 mi8, Knightsbridge Court, Hull, City Of Kingston Upon Hull HU3 1UG2
£92.5K04/210.32 mi52, West Parade, Hull, City Of Kingston Upon Hull HU3 1BX2
£89K08/230.32 mi20, Fountain Road, Hull, City Of Kingston Upon Hull HU2 9PF2
£76K03/230.34 mi10, Norfolk Street, Hull, City Of Kingston Upon Hull HU2 9AA2
£58.8K05/210.4 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£65K08/220.4 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£72.5K06/210.41 mi1c, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£90K04/230.42 mi64, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ2
£112.5K03/210.42 mi54, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ2
£133K06/230.43 mi77, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RH2
£100K12/200.45 mi9, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£122.5K05/210.45 mi75, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£135.5K12/210.45 mi99, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£80K12/200.45 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£113.2K05/230.45 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£72K12/210.48 mi145, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DH2
£110K01/230.49 mi39, Bridlington Avenue, Hull, City Of Kingston Upon Hull HU2 0DU2
£115K01/230.5 mi89, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SB2
£85K01/220.53 mi196, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 9LP2
£85K12/220.54 mi19, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BA2
£105K02/230.54 mi127, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB2
£87.5K03/210.54 mi113, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB2
£91.5K06/210.57 mi105, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RJ2
£64K01/230.57 mi23, Stepney Lane, Hull, City Of Kingston Upon Hull HU5 1HZ2
£100K03/210.58 mi132, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RN2
£100K05/230.58 mi114, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RN2
£80K03/210.59 mi186, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LT2
£65K01/230.62 mi5, Farringdon Street, Hull, City Of Kingston Upon Hull HU5 1JA2
£125K10/210.68 mi55, Hardwick Street, Hull, City Of Kingston Upon Hull HU5 3PJ2
£73K11/200.69 mi69, Nicholson Street, Hull, City Of Kingston Upon Hull HU5 1EY2
£100K08/210.7 mi46, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY2
£83K07/210.7 mi36, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY2
£74K05/210.7 mi15, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LX2
£65K10/220.72 mi34, New George Street, Hull, City Of Kingston Upon Hull HU2 8AY2
£90K05/230.73 mi11, Renfrew Street, Hull, City Of Kingston Upon Hull HU5 3NP2
£82.5K09/210.73 mi4, Roxburgh Street, Hull, City Of Kingston Upon Hull HU5 3NR2
£100K02/230.76 mi83, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LZ2
£76K06/230.76 mi8, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BH2
£100K02/230.77 mi27, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£83.5K01/210.77 mi53, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£158K06/210.78 mi131, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£142K07/210.78 mi129, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£98K02/230.78 mi58, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BJ2
£78.8K11/210.79 mi11, Selkirk Street, Hull, City Of Kingston Upon Hull HU5 3NS2
£94K01/210.79 mi126, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3NA2
£101K10/210.8 mi139, Newstead Street, Hull, Humberside HU5 3NF2
£60K10/210.81 mi25, Marshall Street, Hull, City Of Kingston Upon Hull HU5 3DA2
£110K11/210.82 mi59, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AN2
£85K05/230.87 mi48, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NR2

Local Rents

51 rents from £495/mo to £1.6K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£75003/250.07 mi-2
£49504/240.11 miPeel Street, Hull, HU32
£65001/250.14 mi-2
£85004/240.18 mi-2
£85012/240.18 mi-2
£85012/240.18 mi-2
£87505/240.18 miGround Floor, Hull, HU32
£87506/240.18 mi-2
£52504/240.21 mi-2
£65004/250.21 mi-2
£65012/240.25 mi-2
£65004/250.26 mi-2
£52504/240.26 miPark Road, Hull, HU32
£52505/240.26 miPark Road, Hull, HU32
£65011/240.27 mi-2
£65012/240.28 mi-2
£77502/250.28 mi-2
£57504/240.28 miClarendon Street, Hull, HU32
£65012/240.28 mi-2
£62505/240.28 miSpring Street, HU22
£72503/250.28 mi-2
£52501/240.29 miApartment 9, 12 Spring StreetHullHU2 8RD2
£60004/240.29 miUrban 1,2
£60004/240.29 miUrban 1, Spring Street,2
£59505/240.29 miSpring Street, HU22
£87504/250.3 mi-2
£80004/240.31 miFerensway, Hull, HU2 8LE2
£90005/240.35 miFerensway, Hull, HU2 8LE2
£65004/240.36 mi1 Kemley House, Ferensway2
£65005/240.36 miKemley House, Ferensway, HU22
£59512/240.36 miKemley House, City Centre2
£1,59002/250.39 mi-2
£85006/240.4 mi-2
£85006/240.4 mi-2
£95004/240.4 miThoresby Street, Hull, HU52
£95005/240.4 miThoresby Street, Hull, HU52
£79506/240.42 mi-2
£79504/240.42 miKingston Villas, Hull, HU52
£89504/240.42 miClumber Street, Hull, HU52
£89504/240.42 mi-2
£67504/240.43 mi-2
£79504/240.43 miPearson Park, HULL2
£95012/240.44 mi-2
£64504/240.44 mi5, City Central, Hull City Centre2
£69504/240.45 miWright Street, Hull, East Riding Of Yorkshire, HU22
£60005/240.45 miTemple Street, Sculcoates, Hull, HU5 1AD2
£66012/240.45 mi-2
£59511/230.45 miWright Street, Hull, East Riding Of Yorkshire, HU22
£59504/240.45 miWright Street, Hull, East Riding Of Yorkshire, HU22
£59505/240.45 mi31, Spectrum, Wright Street, Hull City Centre2
£57504/240.47 miFlat 12 22 Wright Street, Hull, HU2 8HU2

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

0.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Price changed to £80,000

March 4, 2025

Listed for £90,000

January 15, 2025

Floor Plans

Description

  • 2 Bedroom Mid-Terraced Property +
  • Close To Hull Royal Infirmary And Local Amenities +
  • Two Fully Boarded Loft Spaces +
  • Low Maintenance Exterior +
  • Convenient Access To The City Centre +

SUMMARY
Situated in this highly convenient location, the property is close to the City centre and the Hospital.

DESCRIPTION
Are you looking for a first time buyer home? Or perhaps an investment property? Well, come and take a look at this fantastic opportunity.
The property comprises of a lounge with feature fireplace housing an open fire, a utility room, and a fitted dining kitchen with an array of wall and base units.
The upstairs boasts a split level landing with two double bedrooms, a family bathroom fitted with a contemporary white suite, and a fixed staircase up to the two fully boarded loft spaces.

The exterior of the property has a fully enclosed low maintenance rear yard with raised beds.

Call us today to book your viewing.

Lounge 11' 11" x 12' 9" max ( 3.63m x 3.89m max )
Double glazed entrance door, double glazed window to the rear, feature fire surround with open fire and a radiator.

Kitchen 11' 2" x 12' 7" ( 3.40m x 3.84m )
Fitted kitchen with a range of wall and base units, 4 ring gas hob with hood over, oven, stainless steel sink, plumbing for a dishwasher, radiator and double glazed window to the rear.

Utility Room 8' 3" x 4' 10" ( 2.51m x 1.47m )
Double glazed door to the side, double glazed window to the side and plumbing for an automatic washing machine.

Landing 

Bedroom 1 11' 11" x 12' 9" max ( 3.63m x 3.89m max )
Double glazed window to the front, recess storage and a radiator.

Bedroom 2 11' 3" max x 7' 5" plus recess ( 3.43m max x 2.26m plus recess )
Double glazed window to the rear, boiler and a radiator.

Bathroom 
Bathroom with panelled bath with shower over, low level W/C, pedestal wash hand basin, radiator and double glazed window to the rear.

Loft Space 8' 8" restricted head height x 11' 4" ( 2.64m restricted head height x 3.45m )
Single glazed velux style window to the rear and a radiator.

Loft Space 8' 10" x 12' 9" max ( 2.69m x 3.89m max )
Radiator.

Rear Garden 
Concrete rear yard with wall surround.

DIRECTIONS
See below map for property location, 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 Newland Avenue

01482 251831

Next Steps?

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