3 Bed Terraced House, Refurb/BRRR, Hull, HU6 7UD, £100,000

Balmoral Avenue, Hull, East Riding of Yorkshire, HU6 7UD - 3 months ago

Refurb/BRRR
ROI: 5%
~74 m²
+5 photos

ValuationFair Value

Sold Prices£85K - £250K
Sold Prices/m²£1.1K/m² - £2.6K/m²

 

 

Square Metres

~73.86 m²
Price/m²£1.4K/m²

Value Estimate

£101,000

 

 

End Value (After Refurb)

£113,552

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£29,544

Bridging Loan Interest

£2,625

Total Cash In

£65,119

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£113,552

Mortgage (After Refinance)

£85,164

Mortgage LTV

75%

Cash Released

£10,164

Cash Left In

£54,955

Equity

£28,388

Rent Range

£455 - £1,200

Rent Estimate

£814

Running Costs/mo

£538

Cashflow/mo

£276

Cashflow/yr

£3,316

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £85K to £250K, average is £146K. £1.1K/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£105.5K02/210.06 mi273, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TX3
£108.3K03/230.06 mi237, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TX3
£145K10/210.08 mi113, Endike Lane, Hull, City Of Kingston Upon Hull HU6 7UJ3
£145.9K02/210.08 mi111, Endike Lane, Hull, City Of Kingston Upon Hull HU6 7UJ3
£151.5K09/220.14 mi34, Sutherland Avenue, Hull, City Of Kingston Upon Hull HU6 7UG3
£165.5K06/230.14 mi11, Sutherland Avenue, Hull, City Of Kingston Upon Hull HU6 7UG3
£122.5K10/200.15 mi25, Braemar Avenue, Hull, City Of Kingston Upon Hull HU6 7UE3
£116K11/220.15 mi21, Braemar Avenue, Hull, City Of Kingston Upon Hull HU6 7UE3
£155K05/230.22 mi313, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 9PF3
£120K12/220.23 mi198, Endike Lane, Hull, City Of Kingston Upon Hull HU6 8DR3
£87K05/210.25 mi164, 21st Avenue, Hull, City Of Kingston Upon Hull HU6 8HR3
£90K01/210.27 mi38, 11th Avenue, Hull, City Of Kingston Upon Hull HU6 8HT3
£208K04/210.29 mi67, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TP3
£150K07/230.29 mi47, 7th Avenue, Hull, City Of Kingston Upon Hull HU6 8HX3
£175K10/210.34 mi131, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7SS3
£146K11/200.34 mi129, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7SS3
£105K05/210.35 mi846, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7HP3
£230K11/200.36 mi111, Auckland Avenue, Hull, City Of Kingston Upon Hull HU6 7SJ3
£210K03/210.36 mi39, Inglemire Avenue, Hull, City Of Kingston Upon Hull HU6 7TG3
£131K08/210.36 mi95, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£120K11/200.36 mi82, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£110K03/230.36 mi133, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£180K12/200.36 mi125, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£225K01/230.37 mi39, Inglemire Avenue, Hull, City Of Kingston Upon Hull HU6 7TG3
£155K04/210.39 mi2, Strathmore Avenue, Hull, City Of Kingston Upon Hull HU6 7HJ3
£116K03/210.4 mi285, Endike Lane, Hull, City Of Kingston Upon Hull HU6 8DX3
£250K08/210.41 mi38, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA3
£201K07/230.41 mi46, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA3
£160K02/230.41 mi10, Silverdale Road, Hull, City Of Kingston Upon Hull HU6 7HQ3
£165K10/200.41 mi49, Silverdale Road, Hull, City Of Kingston Upon Hull HU6 7HE3
£100K05/210.42 mi58, Inglemire Avenue, Hull, City Of Kingston Upon Hull HU6 7TE3
£110K03/210.43 mi76, Sutton Road, Hull, City Of Kingston Upon Hull HU6 7DS3
£110K03/210.43 mi76, Sutton Road, Hull, City Of Kingston Upon Hull HU6 7DS3
£152K12/210.44 mi14, Welwyn Park Avenue, Hull, City Of Kingston Upon Hull HU6 7DH3
£114K06/210.44 mi24, Welwyn Park Avenue, Hull, City Of Kingston Upon Hull HU6 7DH3
£132K01/230.44 mi364, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£153K07/210.44 mi390, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£145K05/210.44 mi392, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£130K04/210.44 mi77, Sutton Road, Hull, City Of Kingston Upon Hull HU6 7DR3
£175K11/220.44 mi382, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 8JG3
£229.5K03/230.45 mi91, Auckland Avenue, Hull, City Of Kingston Upon Hull HU6 7SH3
£210K01/210.45 mi72, Auckland Avenue, Hull, City Of Kingston Upon Hull HU6 7SH3
£250K07/230.46 mi1, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD3
£140K08/230.46 mi35, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR3
£130K08/210.46 mi57, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR3
£180K03/230.46 mi115, Grangeside Avenue, Hull, City Of Kingston Upon Hull HU6 8LR3
£149K01/210.46 mi85, Grangeside Avenue, Hull, City Of Kingston Upon Hull HU6 8LR3
£137K02/210.46 mi93, Grangeside Avenue, Hull, City Of Kingston Upon Hull HU6 8LR3
£85K08/210.47 mi33, 6th Avenue, Hull, City Of Kingston Upon Hull HU6 9PW3
£180K11/220.48 mi56, Strathmore Avenue, Hull, City Of Kingston Upon Hull HU6 7HL3

Local Rents

21 rents from £455/mo to £1.2K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£73004/240.06 miCranbrook Avenue, HULL3
£75004/240.09 mi-3
£60004/240.09 mi-3
£82504/250.16 mi-3
£78504/250.18 mi-3
£83512/240.33 mi-3
£82505/240.34 miInglemire Lane, Hull3
£75004/240.36 miAuckland Avenue, Hull, East Riding Of Yorkshire, HU63
£1,20005/240.43 miAuckland Avenue, Hull, HU63
£1,20004/240.43 mi-3
£1,10012/240.43 mi-3
£80004/250.47 mi-3
£78504/240.5 mi8th Avenue, Hull, HU63
£65005/240.5 mi7 Wormley Court, Riccal Close, Hull, HU6 8BQ3
£82504/240.54 miInglemire Lane, Hull, HU63
£82505/240.54 mi-3
£79505/240.56 miEtherington Drive, Hull3
£45505/240.57 miBeverley Road, Hull3
£75003/240.58 mi-3
£77510/240.58 mi-3
£79505/240.6 miWestgarth Avenue, HULL3

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

1.71 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £100,000

January 29, 2025

Floor Plans

Description

  • THREE-BEDROOM MID-TERRACE PROPERTY +
  • Located off ENDIKE LANE +
  • Spacious LIVING ROOM with SQUARED BAY WINDOW +
  • KITCHEN with potential for modernisation +
  • REAR GARDEN with GARAGE +
  • Ideal for refurbishment and personalisation +
  • Close to LOCAL SCHOOLS and PUBLIC TRANSPORT LINKS +
  • FREEHOLD +
  • COUNCIL TAX BAND A +
  • EPC D +

INVITING OFFERS BETWEEN £100,000-£110,000

Welcome to this THREE-BEDROOM MID-TERRACE property on BALMORAL AVENUE, ideally situated just off ENDIKE LANE. This home offers a fantastic opportunity for those looking to put their own stamp on a property. With a SMALL FRONT GARDEN leading to a spacious living room, a middle reception room perfect for dining, and a kitchen with plenty of potential, this house is ready for a makeover. The REAR GARDEN, complete with a GARAGE, provides a lovely outdoor space. Upstairs, you'll find a SPACIOUS MASTER BEDROOM, a second DOUBLE BEDROOM, and a third SINGLE BEDROOM. Conveniently located near the local university, schools and public transport, this property is perfect for families and commuters alike.

Our Thoughts:

This property is a fantastic opportunity for buyers who are eager to create their dream home. The location is a real highlight, being close to local schools and excellent public transport links. The layout of the house is practical and offers plenty of space for a growing family. The living room at the front, with its SQUARED BAY WINDOW, is a lovely feature that adds character and light. The middle reception room is versatile and could easily be transformed into a cosy dining area. The kitchen, with its large window overlooking the rear garden, has great potential for modernisation. The garden itself is a good size, with a mix of lawn and borders, and the added bonus of a garage. Upstairs, the master bedroom is spacious, and the additional bedrooms offer flexibility for family living or a home office. While the property does need refurbishment, it presents a wonderful chance to create a personalised space in a sought-after area.

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 Newland Avenue 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, Newland Avenue, Hull

01482 425394

Next Steps?

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

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