2 Bed Terraced House, Single Let, Hull, HU9 1HW, £75,000

Ormington Villas, Field Street, Hull, East Riding of Yorkshire, HU9 1HW - 3 views - 3 months ago

BTL

ROI: 9%

~68 m²

+9 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.1K/m²
Value Estimate	£77,379£77,379
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£18,750£18,750
Stamp Duty & Legal Fees	£3,450£3,450
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£417 - £900£417 - £900
Rent Estimate	£519
Running Costs/mo	£358£358
Cashflow/mo	£161£161
Cashflow/yr	£1,930£1,930
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £50K to £175K, average is £78.5K. £710/m² to £3.2K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£75K	04/21	0.03 mi	48, Field Street, Hull, City Of Kingston Upon Hull HU9 1HS	-	-	2	Semi-Detached House
£60K	12/20	0.06 mi	76, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JZ	£710	84	2	Semi-Detached House
£123K	11/21	0.12 mi	8, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,158	57	2	Semi-Detached House
£120K	12/21	0.12 mi	62, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,143	56	2	Semi-Detached House
£100K	02/21	0.12 mi	11, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£1,787	56	2	Semi-Detached House
£127.5K	01/23	0.16 mi	70, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,261	56	2	Semi-Detached House
£136K	02/23	0.21 mi	29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£2,720	50	2	Semi-Detached House
£105K	01/21	0.23 mi	30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£1,458	72	2	Semi-Detached House
£67K	02/23	0.32 mi	92, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HS	-	-	2	Terraced House
£80K	04/23	0.33 mi	6, Whitby Street, Hull, City Of Kingston Upon Hull HU8 7HN	£1,111	72	2	Terraced House
£96K	02/23	0.37 mi	71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX	£1,600	60	2	Terraced House
£145K	07/21	0.38 mi	32, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY	£2,736	53	2	Semi-Detached House
£117K	02/21	0.38 mi	6, Bridgegate Drive, Hull, Humberside HU9 1SY	-	-	2	Semi-Detached House
£175K	07/23	0.38 mi	28, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY	£3,212	54	2	Semi-Detached House
£155K	07/21	0.39 mi	69, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW	-	-	2	Semi-Detached House
£152K	04/23	0.39 mi	20, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW	-	-	2	Terraced House
£58.5K	04/21	0.39 mi	5, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	£957	61	2	Terraced House
£50K	04/23	0.39 mi	39, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	-	-	2	Terraced House
£69.5K	03/23	0.39 mi	78, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	£1,139	61	2	Terraced House
£139K	07/21	0.42 mi	40, Mast Drive, Hull, City Of Kingston Upon Hull HU9 1ST	£2,172	64	2	Semi-Detached House
£64K	11/20	0.44 mi	44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB	£736	87	2	Terraced House
£67.5K	11/20	0.46 mi	65, New Bridge Road, Hull, Humberside HU9 2RB	£786	86	2	Terraced House
£167.5K	06/23	0.5 mi	7, Maldon Drive, Hull, City Of Kingston Upon Hull HU9 1QA	£3,045	55	2	Semi-Detached House
£115K	04/21	0.5 mi	32, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ	£2,054	56	2	Semi-Detached House
£158K	03/23	0.5 mi	18, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ	£2,931	54	2	Semi-Detached House
£52K	11/20	0.51 mi	73, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH	£924	56	2	Terraced House
£62.5K	04/21	0.51 mi	89, Belmont Street, Hull, Humberside HU9 2RH	-	-	2	Terraced House
£70K	12/21	0.51 mi	99, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH	£1,346	52	2	Terraced House
£175K	06/22	0.51 mi	1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ	-	-	2	Detached House
£145K	01/21	0.51 mi	1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ	-	-	2	Semi-Detached House
£110K	03/23	0.51 mi	107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF	-	-	2	Terraced House
£65K	05/23	0.52 mi	25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG	-	-	2	Terraced House
£77K	04/23	0.52 mi	15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG	£987	78	2	Terraced House
£170K	03/23	0.52 mi	12, Harbour Way, Hull, City Of Kingston Upon Hull HU9 1PL	£2,830	60	2	Semi-Detached House
£70K	07/21	0.53 mi	60, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL	£1,111	63	2	Terraced House
£86K	07/23	0.53 mi	80, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL	-	-	2	Terraced House
£88.5K	06/23	0.53 mi	38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG	-	-	2	Terraced House
£71K	06/21	0.54 mi	64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ	£1,044	68	2	Terraced House
£72.5K	02/21	0.58 mi	127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA	£1,133	64	2	Terraced House
£90.5K	01/23	0.58 mi	21, Staxton Court, Hull, City Of Kingston Upon Hull HU9 2RW	-	-	2	Semi-Detached House
£57K	01/21	0.58 mi	61, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF	£731	78	2	Terraced House
£50K	09/21	0.58 mi	13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU	£936	53	2	Terraced House
£77K	05/21	0.58 mi	124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH	£1,167	66	2	Terraced House
£65K	03/23	0.59 mi	177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL	£1,016	64	2	Terraced House
£80K	01/23	0.6 mi	21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN	£1,058	76	2	Terraced House
£77K	12/22	0.6 mi	148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL	£1,055	73	2	Terraced House
£62.5K	02/23	0.6 mi	86, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RR	£1,059	59	2	Terraced House
£50K	05/21	0.6 mi	13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ	£873	57	2	Terraced House
£61K	12/20	0.6 mi	9, Berkshire Street, Hull, Humberside HU8 8TJ	£965	63	2	Terraced House
£70K	11/20	0.61 mi	115, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ	£1,148	61	2	Terraced House

Local Rents

50 rents from £417/mo to £900/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£600	04/24	0 mi	8 Ormington Villas	2	Terraced House
£600	04/24	0.01 mi	-	2	Terraced House
£600	04/24	0.03 mi	26 Field Street	2	Terraced House
£900	01/24	0.08 mi	-	2	Flat
£825	05/24	0.08 mi	-	2	Flat
£700	01/25	0.08 mi	-	2	Flat
£775	01/25	0.08 mi	-	2	Flat
£550	05/24	0.08 mi	Henley Avenue, Brazil Street, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£550	05/24	0.08 mi	5 Henley Avenue, HU9 1JU	2	Terraced House
£595	05/24	0.09 mi	Brentwood Avenue, Brazil St, Hull, HU9	2	Terraced House
£525	05/24	0.09 mi	-	2	Terraced House
£525	05/24	0.09 mi	Henley Avenue, Hull, HU9	2	Terraced House
£600	06/24	0.11 mi	Abbey Street, HULL	2	Terraced House
£695	05/24	0.14 mi	Bannister Drive, Hull, HU9	2	Semi-Detached House
£650	02/25	0.28 mi	-	2	Semi-Detached House
£417	04/24	0.3 mi	-	2	Flat
£600	10/24	0.3 mi	-	2	Terraced House
£625	04/24	0.31 mi	Hedon Road, Hull, HU9	2	Flat
£900	03/25	0.32 mi	-	2	Terraced House
£525	04/24	0.33 mi	Whitby Street, Hull, HU8	2	Terraced House
£600	04/25	0.33 mi	-	2	Terraced House
£525	05/24	0.34 mi	Ferndale, Redcar St, Hull, HU8	2	Terraced House
£550	01/25	0.36 mi	-	2	Terraced House
£625	02/25	0.37 mi	-	2	Terraced House
£625	04/24	0.38 mi	Chandlers Court, Victoria Dock, Hull, HU9	2	Flat
£750	05/24	0.39 mi	-	2	Flat
£750	05/24	0.39 mi	Victoria Dock, Hull, HU9	2	Flat
£825	06/24	0.39 mi	Chandlers Court, Victoria Dock, Hull, East Yorkshire, HU9	2	Flat
£750	05/24	0.39 mi	Chandlers Court, Hull, East Yorkshire, HU9 1FB	2	Flat
£550	05/24	0.39 mi	70 Egton Street	2	Terraced House
£700	03/25	0.41 mi	-	2	Terraced House
£750	04/24	0.41 mi	Navigation Way, Victoria Dock, HU9	2	Semi-Detached House
£475	05/24	0.43 mi	Egton Street, Hull, HU8	2	Terraced House
£550	03/25	0.43 mi	-	2	Terraced House
£595	03/25	0.45 mi	-	2	Terraced House
£750	05/24	0.46 mi	Hales Entry, Hull, HU9	2	Semi-Detached House
£550	04/24	0.46 mi	Mables Villas, Holland Street, Hull	2	House
£650	02/24	0.46 mi	-	2	Terraced House
£700	12/24	0.46 mi	-	2	Terraced House
£550	04/24	0.46 mi	Mables Villas, Holland Street, Hull, HU9	2	Terraced House
£575	05/24	0.48 mi	-	2	Terraced House
£575	04/24	0.49 mi	New Bridge Road, Southcoates, Hull, HU9 2RF	2	Terraced House
£725	04/24	0.5 mi	Sequana Court, Hull	2	Flat
£750	04/24	0.5 mi	Charlestown Way, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£750	05/24	0.5 mi	Charlestown Way, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£650	05/24	0.5 mi	Charlestown Way, Hull, East Riding Of Yorkshire, HU9	2	Semi-Detached House
£650	05/24	0.5 mi	42 Charlestown Way, HU9 1PJ	2	Semi-Detached House
£650	06/24	0.5 mi	FLAT 26 St James Court,St James Court West	2	Flat
£775	04/24	0.52 mi	Appledore Close, Victoria Dock, Hull, HU9	2	Terraced House
£695	04/24	0.53 mi	Lock Keepers Court, Hull, East Riding Of Yorkshire, HU9	2	Flat

Local Area Statistics

Population in HU9	40,94840,948
Population in Hull	313,622313,622
Town centre distance	1.92 miles away1.92 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.24 miles away1.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £75,000

January 15, 2025

Floor Plans

Description

Spacious Two Double Bedroom House - Move In Ready +
No Onward Chain For A Hassle Free Purchase +
Perfect 1st Time Buyers Opportunity Or Investment +
Sought After Residential Location Close To A Wealth Of Amenities And The City Centre +
Front & Rear Gardens +
Freehold +
Council Tax Band A +

INVITING OFFERS BETWEEN £75,000-£85,000

A fantastic first-time buyer or investment opportunity, this two-bedroom home is perfectly positioned within walking distance of the city centre. Move-in ready and offered with no chain, it features spacious living areas, two double bedrooms, and front and rear gardens. Close to local amenities, schools, and transport links, this property is sure to attract significant interest. Arrange a viewing today to secure this sought-after home!

Agents view Step onto the property ladder in style with this move-in ready home, perfect for first-time buyers or savvy investors! Ideally situated within a short stroll of the city centre, this charming home offers both convenience and comfort. With no onward chain, it’s ready to welcome you from day one.

With its well-designed layout, the property features a bright entrance hall, a cosy lounge, a separate dining room perfect for entertaining, a modern kitchen, and a sleek bathroom. Upstairs, you’ll find two generously sized double bedrooms, ideal for relaxation or work-from-home setups.

Outside, the low-maintenance front and rear gardens offer space for summer BBQs or tranquil evenings. Positioned close to local amenities, excellent schools, and transport links, this home’s prime location ensures high demand. Don’t miss the opportunity—schedule your viewing today to avoid disappointment!

Tenure The property is freehold.

Council Tax Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band A.*

Fixtures & Fittings Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

Disclaimer *The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Viewings Strictly by appointment with the sole agents.

Site Plan Disclaimer The site plan is for guidance only to show how the property sits within the plot and is not to scale.

Mortgages We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Holderness Road Office on . Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Valuation/Market Appraisal: Thinking of selling or struggling to sell your house? More people choose beercocks in this region than any other agent. Book your free valuation now!

Agent Details

Beercocks, Holderness Road

01482 251850

Next Steps?

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

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