3 Bed Terraced House, Refurb/BRRR, Hull, HU3 2TA, £80,000

Boulevard, Hull, HU3 2TA - 3 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 6%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£57K - £230K
Sold Prices/m²£535/m² - £1.6K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£82,400
BMV3%

 

 

End Value (After Refurb)

£82,310

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£37,371

Bridging Loan Interest

£2,100

Total Cash In

£64,821

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£82,310

Mortgage (After Refinance)

£61,733

Mortgage LTV

75%

Cash Released

£1,733

Cash Left In

£63,089

Equity

£20,578

Rent Range

£595 - £1,500

Rent Estimate

£784

Running Costs/mo

£434

Cashflow/mo

£350

Cashflow/yr

£4,200

ROI

6%

Gross Yield

12%

Local Sold Prices

50 sold prices from £57K to £230K, average is £95.5K. £535/m² to £1.6K/m², average is £988/m².

PriceDateDistanceAddressBeds 
£87K11/210.08 mi9, Selby Street, Hull, City Of Kingston Upon Hull HU3 3PB3
£95K12/220.08 mi19, Ena Street, Hull, City Of Kingston Upon Hull HU3 2TG3
£80K01/230.11 mi31, Queensgate Street, Hull, City Of Kingston Upon Hull HU3 2TT3
£120K03/210.17 mi65, Boulevard, Hull, City Of Kingston Upon Hull HU3 2UD3
£86K10/200.2 mi172, Coltman Street, Hull, City Of Kingston Upon Hull HU3 2SQ3
£110K01/210.21 mi52, Clairbrook Close, Hull, City Of Kingston Upon Hull HU3 3QQ3
£57K12/220.23 mi35, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BH3
£77K06/230.24 mi68, Kings Bench Street, Hull, City Of Kingston Upon Hull HU3 2TX3
£96K03/210.25 mi32, Gordon Street, Hull, City Of Kingston Upon Hull HU3 3HN3
£67K04/210.27 mi28, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR3
£95K02/230.27 mi3, Dorado Close, Hull, City Of Kingston Upon Hull HU3 3QR3
£74K06/230.27 mi67, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DN3
£58K11/200.27 mi49, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BJ3
£69K04/210.29 mi35, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DL3
£67K04/210.31 mi59, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EE3
£111K02/230.33 mi138, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE3
£90K12/200.36 mi38, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£90K12/220.36 mi28, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£85K07/230.37 mi110, Somerset Street, Hull, City Of Kingston Upon Hull HU3 3QG3
£60K07/230.4 mi136, Somerset Street, Hull, City Of Kingston Upon Hull HU3 3QH3
£77K12/200.4 mi116, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BY3
£100K02/210.41 mi13, Lyric Close, Hull, City Of Kingston Upon Hull HU3 2QJ3
£85K11/200.43 mi96, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£110K12/220.44 mi8, Midgley Close, Hull, City Of Kingston Upon Hull HU3 2QL3
£115K05/230.44 mi7, Winship Close, Hull, City Of Kingston Upon Hull HU3 2QN3
£110K01/230.44 mi40, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£70K01/230.46 mi9, Acland Street, Hull, City Of Kingston Upon Hull HU3 6QQ3
£132K09/220.46 mi11, Edinburgh Street, Hull, City Of Kingston Upon Hull HU3 5AP3
£125K03/230.47 mi73, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ET3
£105K08/210.48 mi30, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ES3
£105K03/230.49 mi76, Greek Street, Hull, City Of Kingston Upon Hull HU3 6DE3
£72K03/210.49 mi14, Newport Close, Hull, City Of Kingston Upon Hull HU3 2NB3
£135K07/220.5 mi8, Littlebeck Close, Hull, City Of Kingston Upon Hull HU3 6NQ3
£105K06/210.51 mi63, Glencoe Street, Hull, City Of Kingston Upon Hull HU3 6HR3
£60K05/230.52 mi11, Ribble Street, Hull, City Of Kingston Upon Hull HU3 3SF3
£87K11/200.58 mi569, Anlaby Road, Hull, City Of Kingston Upon Hull HU3 6SH3
£131K12/220.59 mi48, Wenlock Street, Hull, City Of Kingston Upon Hull HU3 1DF3
£97K03/210.6 mi138, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RQ3
£73K10/200.61 mi29, Redfern Close, Hull, City Of Kingston Upon Hull HU3 2RB3
£82K11/200.61 mi96, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QX3
£155K08/220.61 mi16, Spring Grove, Hull, City Of Kingston Upon Hull HU3 1JZ3
£118K11/200.61 mi110, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PY3
£73.5K01/210.61 mi145, Alliance Avenue, Hull, Humberside HU3 6QU3
£118K06/230.61 mi131, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU3
£230K09/210.61 mi28, Sunny Bank, Hull, Humberside HU3 1LH3
£135K01/230.61 mi385, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 1LD3
£150K02/230.62 mi65, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PA3
£105K07/210.63 mi169, Stanley Street, Hull, City Of Kingston Upon Hull HU3 1JU3
£150K01/230.63 mi14, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£163K03/230.65 mi60, Springfield Road, Hull, City Of Kingston Upon Hull HU3 6TH3

Local Rents

33 rents from £595/mo to £1.5K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£59505/240.11 miQueensgate Street, Hull, East Riding Of Yorkshire, HU33
£95003/250.19 mi-3
£85003/250.23 mi-3
£85012/240.24 mi-3
£65004/240.24 mi-3
£82505/240.24 mi-3
£97511/230.26 mi-3
£82503/250.26 mi-3
£68511/230.26 mi-3
£69503/250.28 mi-3
£69503/250.3 mi-3
£78512/230.33 mi-3
£1,50003/250.37 mi-3
£67504/240.44 miLinnaeus Street, Hull, East Riding Of Yorkshire, HU33
£67505/240.44 miLinnaeus Street, Hull, East Riding Of Yorkshire, HU33
£1,20011/240.45 mi-3
£97504/240.46 mi-3
£75003/250.47 mi-3
£79504/240.47 miMelrose Street, Hull, HU3 6ET3
£79505/240.47 miMelrose Street, Hull, HU3 6ET3
£62505/240.47 miDivision Road, Hull, HU33
£62505/240.47 mi-3
£80003/250.47 mi-3
£72505/240.47 mi-3
£72504/240.47 miAlbert Avenue, Hull, HU33
£65004/240.48 miBeech Grove, Wellsted Street, HU33
£89504/240.51 mi-3
£89505/240.51 mi-3
£89505/240.51 miA De La Pole Avenue, Hull, HU33
£80003/250.51 mi-3
£80003/250.51 mi-3
£80002/250.61 mi-3
£72503/250.62 mi-3

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.48 miles away

Nearest school

0.20 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £80,000

February 5, 2025

Description

This property offers an ideal opportunity for a renovation project, boasting ample space and character. Upon entering through the double doors-one of which features stained glass-you are welcomed by a staircase with two spacious rooms on the left. Further along, you'll find a generous dining area connected to the kitchen.

Upstairs, there are three large bedrooms, one bathroom with a shower, another with a bath, and a separate toilet. The master bedroom, located at the front of the property, is the largest of the rooms.

The garden is split into two sections: a patio area and a garden space at the back, both offering great potential for enhancement. On-street parking is available in the area, but a permit is required.

This property is in a prime location, with the city centre just a short distance away-easily reachable on foot. It is also conveniently close to schools, Hull Royal Infirmary, and MKM Stadium, making it an ideal choice for a family.

KEY FEATURES

* For Sale by Modern Auction - T & C's apply
* Subject to Reserve Price
* Buyers fees apply
* The Modern Method of Auction

And then in the description put this:

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows 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. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the

preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Council Tax Band: B (Hull Council Tax)
Tenure: Freehold

Agent Details

Higson Homes, Hull

01482 424995

Next Steps?

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