4 Bed Semi-Detached House, Refurb/BRRR, Hull, HU8 8JJ, £150,000

St. Andrews Way, Hull, HU8 8JJ - 2 views - 3 months ago

Auction
Refurb/BRRR
~129 m²
+12 photos

ValuationUndervalued

Sold Prices£75K - £337K
Sold Prices/m²£765/m² - £2.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.2K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£229,458

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£51,619

Bridging Loan Interest

£3,938

Total Cash In

£101,406

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£229,458

Mortgage (After Refinance)

£172,094

Mortgage LTV

75%

Cash Released

£59,594

Cash Left In

£41,812

Equity

£57,365

Rent Range

£595 - £1,365

Rent Estimate

£828

Running Costs/mo

£903

Cashflow/mo

£-75

Cashflow/yr

£-896

Gross Yield

7%

Local Sold Prices

27 sold prices from £75K to £337K, average is £240K. £765/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£274K12/220.09 mi19, Glenwood Close, Hull, City Of Kingston Upon Hull HU8 0ER4
£250K12/200.09 mi27, Glenwood Close, Hull, Humberside HU8 0ER4
£270K05/230.23 mi21, Pavilion Close, Hull, City Of Kingston Upon Hull HU8 8EA4
£250K06/230.27 mi25, Maytree Avenue, Hull, City Of Kingston Upon Hull HU8 8PP4
£142K08/210.36 mi41, Lilac Avenue, Garden Village, Hull, Humberside HU8 8PU4
£247.5K11/220.36 mi79, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PE4
£260K09/210.37 mi33, Swinburne Street, Hull, City Of Kingston Upon Hull HU8 8NS4
£337K05/210.37 mi13, The Oval, Hull, City Of Kingston Upon Hull HU8 8PN4
£240K02/210.37 mi74, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PJ4
£250K07/230.38 mi12, Cayton Road, Hull, City Of Kingston Upon Hull HU8 0HD4
£101.5K11/200.52 mi13, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR4
£150K05/230.68 mi45, East Park Avenue, Hull, City Of Kingston Upon Hull HU8 9AD4
£261K12/200.7 mi11, Brooklands, Hull, City Of Kingston Upon Hull HU7 4WA4
£75K03/230.71 mi41, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TG4
£283K07/230.74 mi48, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL4
£240K07/210.75 mi72, Birklands Drive, Hull, Humberside HU8 0LN4
£245.5K03/210.75 mi85, Birklands Drive, Hull, City Of Kingston Upon Hull HU8 0LN4
£180K03/210.76 mi555, Holderness Road, Hull, City Of Kingston Upon Hull HU8 9AA4
£135K10/210.79 mi11, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EH4
£190K11/220.79 mi260, Ings Road, Hull, City Of Kingston Upon Hull HU8 0LZ4
£139K05/210.81 mi8, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HA4
£131K01/210.81 mi52, Morrill Street, Hull, City Of Kingston Upon Hull HU9 2LJ4
£195K04/210.83 mi8, Lime Tree Villas, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4XD4
£78K03/210.83 mi104, Weymouth Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 6AS4
£125K06/230.9 mi129, Broadstone Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 6BA4
£306.3K02/210.96 mi10, Lowgate, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4US4
£132K01/230.99 mi8, Aberdeen Street, Hull, City Of Kingston Upon Hull HU9 3JU4

Local Rents

19 rents from £595/mo to £1.4K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£69504/240.28 mi-3
£74505/240.34 mi-3
£69505/240.38 miColman Crescent, Hull, East Riding Of Yorkshire, HU83
£69506/240.42 miForedyke Avenue, Hull3
£69507/240.42 miForedyke Avenue, Hull3
£85005/240.43 miChestnut Grove, Garden Village, HU83
£59505/240.45 mi-3
£59505/240.45 miLorraine Street, Hull, HU83
£72505/240.46 miSummergangs Road, Hull3
£65005/240.5 miByron Street, Westcott Street3
£65006/240.5 miByron Street, Westcott Street3
£69506/240.51 miCorona Drive, Lambwath Road, Hull, East Yorkshire, HU83
£1,36506/240.55 mi-4
£1,05012/230.55 mi-4
£1,34504/240.56 miMalet Close, James Reckitt Avenue, HU84
£1,35005/240.56 miMalet Close, James Reckitt Avenue, HU84
£79504/240.57 miMersey Street, Hull3
£75012/240.57 mi-3
£79505/240.61 miJalland Street, Hull, HU83

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

2.03 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 £150,000

February 12, 2025

Listed for £180,000

January 23, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Four bedroom semi-detached house +
  • Off-road parking for multiple cars and tandem-length garage +
  • Council tax band: C +
  • Chain-free +
  • In need of some modernisation +

SUMMARY
William H. Brown are delighted to market this 4-bedroom semi-detached house on St. Andrews Way. Located in a quiet spot off James Reckitt Avenue, it offers ample parking and great potential. While requiring modernisation, it's ideal for first-time buyers or investors seeking a project.

DESCRIPTION
Located in a quiet and desirable area off James Reckitt Avenue, this 4-bedroom semi-detached house on St. Andrews Way offers an excellent opportunity for those seeking an affordable property with potential. The home boasts a spacious layout, including four bedrooms, a living area, a kitchen, and a bathroom. While the interior would benefit from modernisation, it provides a blank canvas to create a home tailored to your preferences.

A key highlight of the property is its generous parking provision, ideal for households with multiple vehicles or visitors. The exterior space is practical and functional, complementing the home's convenient location. St. Andrews Way is a peaceful cul-de-sac, offering a relaxed atmosphere while still being close to local amenities, schools, and transport links, making it a practical choice for families or commuters.

Whether you're a first-time buyer looking to step onto the property ladder or an investor seeking a project, this home has plenty to offer. With some updates and personal touches, it has the potential to become a comfortable family home or a valuable addition to a rental portfolio. Don't miss this opportunity to add value and enjoy the benefits of this well-located property.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Location 
St. Andrews Way is situated in a peaceful and highly sought-after location just off James Reckitt Avenue, one of the area's most desirable residential streets. Known for its quiet and family-friendly atmosphere, this area offers a perfect balance of convenience and tranquillity, making it an excellent choice for both families and professionals. The location is tucked away from busy roads, providing a sense of privacy while remaining well-connected to the wider city.
Residents benefit from a wealth of nearby amenities, including shops, supermarkets, and cafes, all within easy reach. The area is served by excellent local schools, which makes it a particularly popular choice for families. For those who enjoy outdoor spaces, nearby parks and green areas provide opportunities for leisure and relaxation, further enhancing the appeal of this location.
In terms of transport, St. Andrews Way is ideally positioned for commuters, with convenient access to major road networks and public transport options. The surrounding area also boasts a strong community feel, with friendly neighbours and a welcoming environment. Whether you're looking for peace and quiet or easy access to urban amenities, this location truly has the best of both worlds.

Entrance Hall 

Living Room 16' 3" max x 16' ( 4.95m max x 4.88m )

Dining Room 13' 11" max x 7' 6" max ( 4.24m max x 2.29m max )

Kitchen 16' 6" max x 9' 5" max ( 5.03m max x 2.87m max )

Conservatory 13' 9" max x 9' 11" ( 4.19m max x 3.02m )

Landing 

Bedroom 1 12' 9" max x 9' 10" ( 3.89m max x 3.00m )

Bedroom 2 10' 10" max x 7' 2" max ( 3.30m max x 2.18m max )

Bedroom 3 13' 6" max x 9' 7" max ( 4.11m max x 2.92m max )

Bedroom 4 10' 10" max x 8' 6" max ( 3.30m max x 2.59m max )

Bathroom 7' 3" max x 6' 2" max ( 2.21m max x 1.88m max )

Shower Room 

Loft Space 

Front Garden 

Rear Garden 

Please Note: 
We have been informed that the side extension was added prior to the current vendors' ownership.

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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