3 Bed Terraced House, Refurb/BRRR, Hull, HU8 9DE, £110,000

Grasby Road, Hull, East Yorkshire, HU8 9DE - 2 views - 2 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£80K - £290K
Sold Prices/m²£944/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£118,000

 

 

End Value (After Refurb)

£151,793

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,740

Refurb Costs

£37,139

Bridging Loan Interest

£2,888

Total Cash In

£74,017

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,793

Mortgage (After Refinance)

£113,845

Mortgage LTV

75%

Cash Released

£31,345

Cash Left In

£42,672

Equity

£37,948

Rent Range

£500 - £950

Rent Estimate

£828

Running Costs/mo

£660

Cashflow/mo

£168

Cashflow/yr

£2,017

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £80K to £290K, average is £136.5K. £944/m² to £2.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£97.5K07/230.1 mi14, Staines Close, Hull, City Of Kingston Upon Hull HU8 9DH3
£184K05/210.12 mi7, Bellfield Avenue, Hull, City Of Kingston Upon Hull HU8 9DS3
£172K03/220.14 mi6, Charnock Avenue, Hull, City Of Kingston Upon Hull HU9 4AE3
£182.5K06/210.14 mi926, Holderness Road, Hull, City Of Kingston Upon Hull HU9 4AB3
£195K03/230.14 mi964, Holderness Road, Hull, City Of Kingston Upon Hull HU9 4AB3
£245K03/230.15 mi704, Marfleet Lane, Hull, City Of Kingston Upon Hull HU9 4TL3
£102.5K02/210.15 mi736, Marfleet Lane, Hull, City Of Kingston Upon Hull HU9 4TL3
£173K09/210.16 mi36, Ellesmere Avenue, Hull, City Of Kingston Upon Hull HU8 9BT3
£211K05/210.17 mi31a, Ellesmere Avenue, Hull, City Of Kingston Upon Hull HU8 9BS3
£190K07/210.17 mi7, Ellesmere Avenue, Hull, City Of Kingston Upon Hull HU8 9BS3
£120K11/200.17 mi141, Tilworth Road, Hull, Humberside HU8 9BP3
£84K05/210.18 mi5, Dorking Close, Hull, City Of Kingston Upon Hull HU8 9DG3
£120K05/210.19 mi243, Holmgarth Drive, Hull, City Of Kingston Upon Hull HU8 9DZ3
£205K12/220.21 mi57, Bellfield Avenue, Hull, City Of Kingston Upon Hull HU8 9DT3
£177K12/200.21 mi39, Bellfield Avenue, Hull, City Of Kingston Upon Hull HU8 9DT3
£221K10/210.21 mi64, Waldegrave Avenue, Hull, City Of Kingston Upon Hull HU8 9BD3
£210K09/210.21 mi18, Waldegrave Avenue, Hull, City Of Kingston Upon Hull HU8 9BD3
£188K08/210.29 mi815, Holderness Road, Hull, City Of Kingston Upon Hull HU8 9AY3
£190K11/200.29 mi3, Ardmore Close, Hull, City Of Kingston Upon Hull HU9 4AD3
£140K02/230.3 mi81, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BW3
£120K11/210.3 mi80, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BW3
£105K06/230.3 mi95, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BW3
£130K05/210.3 mi57, Winchester Close, Hull, City Of Kingston Upon Hull HU9 4TT3
£130K10/200.3 mi49, Winchester Close, Hull, City Of Kingston Upon Hull HU9 4TT3
£138K11/200.3 mi14, Winchester Close, Hull, City Of Kingston Upon Hull HU9 4TT3
£205K04/210.32 mi104, Standidge Drive, Hull, City Of Kingston Upon Hull HU8 0RW3
£100K05/230.35 mi44, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BN3
£129K05/230.35 mi19, Astoria Crescent, Hull, City Of Kingston Upon Hull HU8 9BJ3
£135K06/210.35 mi14, Winchester Avenue, Hull, City Of Kingston Upon Hull HU9 4TS3
£95K06/210.4 mi30, Barham Road, Hull, City Of Kingston Upon Hull HU9 4TY3
£121K04/210.41 mi165, Anson Road, Hull, City Of Kingston Upon Hull HU9 4SP3
£132K03/230.41 mi201, Anson Road, Hull, City Of Kingston Upon Hull HU9 4SP3
£125K02/230.42 mi23, Eastmount Avenue, Hull, City Of Kingston Upon Hull HU8 9EN3
£157K12/210.42 mi34, The Broadway, Hull, City Of Kingston Upon Hull HU9 3JJ3
£170K02/220.43 mi1, Willows Avenue, Hull, City Of Kingston Upon Hull HU9 3JN3
£80K08/210.43 mi53, Apollo Walk, Hull, City Of Kingston Upon Hull HU8 0TT3
£173.5K02/230.44 mi766, Holderness Road, Hull, City Of Kingston Upon Hull HU9 3JR3
£94K06/230.44 mi28, Rutherglen Drive, Hull, City Of Kingston Upon Hull HU9 3PE3
£182K02/230.44 mi19, Camberwell Way, Hull, City Of Kingston Upon Hull HU8 0RU3
£169K04/210.47 mi1034, Holderness Road, Hull, City Of Kingston Upon Hull HU9 4AH3
£290K03/230.47 mi1066, Holderness Road, Hull, City Of Kingston Upon Hull HU9 4AH3
£87K04/230.47 mi23, Fortune Close, Hull, City Of Kingston Upon Hull HU8 0SR3
£200K02/210.48 mi3, Alder Hey Drive, Hull, City Of Kingston Upon Hull HU8 0FF3
£115K07/230.49 mi5, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JB3
£125K09/210.5 mi37, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JB3
£83K06/230.5 mi93, Garrick Close, Hull, City Of Kingston Upon Hull HU8 0SS3
£84K02/210.51 mi60, Kilnsea Grove, Hull, City Of Kingston Upon Hull HU9 3QP3
£115K02/210.51 mi116, Milne Road, Hull, City Of Kingston Upon Hull HU9 4UN3
£121K10/210.52 mi84, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JF3
£145K12/200.53 mi27, Pinderfield Close, Hull, City Of Kingston Upon Hull HU8 0FE3

Local Rents

12 rents from £500/mo to £950/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£69501/240.16 mi-3
£89506/240.27 miBellfield Avenue HU8 3
£77503/250.43 mi-3
£89504/240.51 miPortobello Street, Hull3
£70005/240.52 miKilnsea Grove, Hull, HU93
£59505/240.52 miAberdeen Street, Hull, East Riding of Yorkshire, HU93
£80510/240.52 mi-3
£90002/240.53 mi-3
£50002/250.53 mi-3
£89501/250.59 mi-3
£95004/240.6 mi-3
£95004/240.61 miTanfield Grove, Hull3

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

3.18 miles away

Nearest school

0.10 miles away

Nearest train station

3.18 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 £110,000

February 28, 2025

Listed for £118,000

January 29, 2025

Floor Plans

Description

  • A great opportunity to purchase this three bedroom family home with gardens to the front and rear +
  • Located in this popular location off Bellfield Avenue and been close to Holderness High Road, close to local shops and popular school catchments +
  • Requires some updating, but holds immense potential making it an ideal project +
  • Installed with Double Glazing and Gas Central Heating Offered for sale with NO CHAIN +
  • Arrange to view today! +
  • EPC Grade C +
  • Council tax band 'A' +

Offered to the market with NO CHAIN, is this spacious three-bedroom family home. IN NEED OF SOME MODERNISING but priced to sell! A fantastic opportunity for those looking to update and transform a property into their ideal family residence in a popular location. This property represents a blank canvas awaiting transformation.

Situated in this popular location off Bellfield Avenue and been close to Holderness High Road, this home is convenient for local shops and is in the catchment for popular senior and primary schools. Regular public transport and direct road links provide easy access to the city centre and beyond, making it a highly desirable location.

The accommodation has double glazing and gas central heating and in brief comprises of a entrance hallway with staircase off, handy cloakroom/w.c, then moving onto the kitchen diner which is open plan through to the lounge, rear porch then leads to the rear garden.

Ascend to the first floor, where a central landing area provides access to the three spacious bedrooms and bathroom which has a four piece suite.

Offering enclosed gardens to both the front and rear.

EPC grade C and with council tax band 'A' payable to Hull City Council,

With its popular location, ample potential, and promising features, this property is sure to capture the imagination of those with a vision for turning potential into reality.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

HUL240678/2

Agent Details

Reeds Rains, Hull

01482 251835

Next Steps?

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