2 Bed Terraced House, Single Let, Hull, HU7 5YU, £55,000

Pennine Way, Hull, HU7 5YU - 2 views - 3 months ago

Sold STC
Auction
BTL
ROI: 18%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£80K - £160K
Sold Prices/m²£1.1K/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£67,100
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£457 - £895

Rent Estimate

£550

Running Costs/mo

£302

Cashflow/mo

£248

Cashflow/yr

£2,978

ROI

18%

Gross Yield

12%

Local Sold Prices

24 sold prices from £80K to £160K, average is £122K. £1.1K/m² to £2.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£160K03/230.49 mi40, Brandon Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3EL2
£146.5K12/220.6 mi6, Foxglove Close, Kingswood, Hull, City Of Kingston Upon Hull HU7 3HD2
£110K11/200.61 mi62, Kingsbury Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3JE2
£102K04/210.64 mi54, Kesteven Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3HA2
£148.5K11/220.67 mi35, Beamsley Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3EH2
£125K12/210.68 mi62, Bowmont Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3HL2
£118K04/210.68 mi31, Bowmont Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3HL2
£137.5K06/230.74 mi10, Church Lane, Wawne, Hull, East Riding Of Yorkshire HU7 5XE2
£122.5K05/230.75 mi10, Blackwater Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3HF2
£119.5K07/230.76 mi25, Marbury Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3DG2
£148K01/230.79 mi9, Ferry Meadows Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3DF2
£130K05/210.79 mi2, Ferry Meadows Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3DF2
£140K09/210.79 mi9, Ferry Meadows Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3DF2
£110K12/200.88 mi8, Woodheys Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3AJ2
£100K01/230.9 mi17, Malpas Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4HH2
£135K04/230.92 mi19, Markeaton Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GR2
£115K03/210.92 mi15, Markeaton Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GR2
£123K10/210.92 mi11, Shilling Close, Kingswood, Hull, City Of Kingston Upon Hull HU7 3LE2
£90K04/230.92 mi2, Grimscott Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4ET2
£80K12/220.93 mi105, Haydock Garth, Bransholme, Hull, City Of Kingston Upon Hull HU7 4LW2
£121.5K01/210.93 mi8, Brookfield Close, Kingswood, Hull, City Of Kingston Upon Hull HU7 3EX2
£82.5K12/220.96 mi52, Sandford Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4HN2
£145K01/230.96 mi19, Hemble Way, Kingswood, Hull, City Of Kingston Upon Hull HU7 3ET2
£120K08/210.97 mi15, Farthing Drive, Kingswood, Hull, City Of Kingston Upon Hull HU7 3LD2

Local Rents

16 rents from £457/mo to £895/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£57512/230.02 mi-2
£45707/240.27 miWelshpool Close, Bransholme, Kingston Upon Hull, HU75DN2
£82501/250.4 mi-2
£67504/240.56 mi-2
£65006/240.6 miFoxglove Close, Kingswood, Hull, East Riding Of Yorkshire, HU72
£69506/240.71 miBoston Court, Kingswood, Hull2
£85010/240.78 mi-2
£77512/230.79 mi-2
£75003/240.85 mi-2
£77512/230.9 mi-2
£72505/240.95 mi-2
£89506/240.98 miSchool Lane, Kingswood, Hull2
£80006/240.99 miSchool Lane, Kingswood, HULL2
£72504/251.13 mi-2
£75004/241.13 miChartwell Gardens, Kingswood, HULL2
£70001/241.13 miChartwell Gardens, Hull, East Riding Of Yorkshire, HU72

Local Area Statistics

Population in HU7

42,150

Population in Hull

313,622

Town centre distance

3.29 miles away

Nearest school

0.20 miles away

Nearest train station

3.54 miles away

 

 

Rental demand

Tenant's market

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £55,000

January 31, 2025

Floor Plans

Description

This mid-terraced home is ideal for a buy-to-let investor due to the high rental demand for properties in the area. The property has until recently been let at £550 pcm but has potential for a higher rental level after a light refurbishment.  The gas centrally heated and double-glazed property would benefit from some redecoration and new floor coverings and briefly comprises an entrance porch, living room/diner, kitchen to the ground floor, and two double bedrooms, and a bathroom to the first floor.  Off-street parking to the front, together with a generous rear garden.LocationSituated on Bransholme, close to well-regarded schools, North Point shopping centre and Kingswood retail park, which is home to a supermarket, a cinema and a range of retail outlets and restaurants.ServicesAll mains services are connected to the property but have not been tested.
TenureWe understand the property to be freehold. Vacant possession on completion.
Council TaxCouncil Tax is payable to the Hull City Council. Online enquiry lists the property in the Council Tax Property Bandings List in Valuation Band A.*
EPC: C(71)
ViewingsStrictly by appointment with the auctioneers on .
Method of Sale The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday, 24th March 2025, and closing on Wednesday, 26th March, at 1.00 pm. For further legal information relating to this lot, please go to auctionhouse.co.uk/hullandeastyorkshire. Conditions of Sale The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction. Additional Fees The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) and a buyer’s premium of £600 (£500 + VAT) in addition to the purchase price of the property. Guide Price Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Disbursements Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion. Solicitor Leathes Prior, 74 The Close, Norwich, Norfolk, NR1 4DR, Ref: Stephen Wilson, Tel:

Roof type: Concrete roof tiles.

Construction materials used: Brick and block.

Water source: Direct mains water.

Electricity source: National Grid.

Sewerage arrangements: Standard UK domestic.

Heating Supply: Central heating (electric).

Agent Details

Auction House, Driffield

01377 310913

Next Steps?

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