2 Bed Terraced House, Refurb/BRRR, Hull, HU5 2EW, £80,000

Torrington Street, Hull, HU5 2EW - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£60K - £220K
Sold Prices/m²£703/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£80,000

 

 

End Value (After Refurb)

£86,054

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£27,354

Bridging Loan Interest

£2,100

Total Cash In

£54,804

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£86,054

Mortgage (After Refinance)

£64,540

Mortgage LTV

75%

Cash Released

£4,540

Cash Left In

£50,264

Equity

£21,513

Rent Range

£85 - £1,300

Rent Estimate

£702

Running Costs/mo

£429

Cashflow/mo

£273

Cashflow/yr

£3,272

ROI

6%

Gross Yield

11%

Local Sold Prices

50 sold prices from £60K to £220K, average is £99K. £703/m² to £2.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£80K12/210.01 mi5, Torrington Street, Hull, City Of Kingston Upon Hull HU5 2EW2
£78K05/230.09 mi69, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ2
£87.5K05/210.09 mi62, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ2
£100K12/200.1 mi188, Newland Avenue, Hull, City Of Kingston Upon Hull HU5 2NE2
£75K05/230.12 mi17, Exmouth Street, Hull, City Of Kingston Upon Hull HU5 2HX2
£90K12/200.13 mi45, Raglan Street, Hull, City Of Kingston Upon Hull HU5 2JA2
£77K09/210.17 mi38, Manvers Street, Hull, City Of Kingston Upon Hull HU5 2HW2
£90K10/210.2 mi17, Edgecumbe Street, Hull, City Of Kingston Upon Hull HU5 2EU2
£92.5K01/210.23 mi78, Sharp Street, Hull, City Of Kingston Upon Hull HU5 2AB2
£107.5K05/230.26 mi34, Haworth Street, Hull, City Of Kingston Upon Hull HU6 7RQ2
£85K05/230.29 mi48, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NR2
£110K11/210.29 mi59, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AN2
£60K10/210.31 mi25, Marshall Street, Hull, City Of Kingston Upon Hull HU5 3DA2
£115K05/230.35 mi26, Clough Road, Hull, City Of Kingston Upon Hull HU5 1QN2
£100K02/230.36 mi27, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£83.5K01/210.36 mi53, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£150K11/220.4 mi42, Kirkham Drive, Hull, City Of Kingston Upon Hull HU5 2BT2
£105K03/230.4 mi112, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BS2
£85K07/230.42 mi79, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PP2
£115K08/210.42 mi102, Ryde Avenue, Hull, City Of Kingston Upon Hull HU5 1QG2
£80K06/230.44 mi49, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PD2
£215K07/230.46 mi74, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA2
£158K06/210.46 mi131, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£142K07/210.46 mi129, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£105K04/230.52 mi2, Rydale Court, Hull, City Of Kingston Upon Hull HU5 1QE2
£76K06/230.58 mi8, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BH2
£76K10/210.61 mi151a, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TT2
£98K02/230.62 mi58, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BJ2
£73K11/200.7 mi69, Nicholson Street, Hull, City Of Kingston Upon Hull HU5 1EY2
£107.5K11/200.7 mi1, Lawsons Close, Hull, City Of Kingston Upon Hull HU6 7UW2
£105K03/210.7 mi10, Lawsons Close, Hull, City Of Kingston Upon Hull HU6 7UW2
£72.5K06/210.72 mi1c, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£65K01/230.75 mi5, Farringdon Street, Hull, City Of Kingston Upon Hull HU5 1JA2
£126K08/230.76 mi264, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TY2
£64K01/230.76 mi23, Stepney Lane, Hull, City Of Kingston Upon Hull HU5 1HZ2
£85K04/210.76 mi215, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TX2
£220K07/210.77 mi48, Bricknell Avenue, Hull, City Of Kingston Upon Hull HU5 4JS2
£93K12/200.78 mi35, Balmoral Avenue, Hull, City Of Kingston Upon Hull HU6 7UD2
£125K12/220.79 mi12, Oldfield Avenue, Hull, City Of Kingston Upon Hull HU6 7UN2
£87K11/200.82 mi8, Knightsbridge Court, Hull, City Of Kingston Upon Hull HU3 1UG2
£135.5K12/210.84 mi99, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£80K12/200.84 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£113.2K05/230.84 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£100K12/200.87 mi9, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£122.5K05/210.87 mi75, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£133K06/230.91 mi77, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RH2
£80K03/210.93 mi186, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LT2
£101.5K07/230.93 mi190, Endike Lane, Hull, City Of Kingston Upon Hull HU6 8DR2
£125K10/210.93 mi55, Hardwick Street, Hull, City Of Kingston Upon Hull HU5 3PJ2
£100K01/210.94 mi27, Oakfield Court, Hull, City Of Kingston Upon Hull HU6 8QF2

Local Rents

52 rents from £85/mo to £1.3K/mo, average is £668/mo.

RentDateDistanceAddressBeds 
£80011/240.05 mi-2
£65004/240.08 miNewland Avenue, Hull, HU52
£65012/240.12 mi-2
£1,12712/240.12 mi-2
£52504/240.13 mi-2
£59504/240.13 miRaglan Street, Newland Avenue, Hull, East Yorkshire, HU52
£67512/240.14 mi-2
£75003/250.17 mi-2
£75005/240.18 mi1 Clarendon AvenueManvers StreetHull2
£62512/240.22 mi-2
£50004/240.23 mi-2
£47504/240.23 mi-2
£36805/240.24 miGrafton Street, Hull2
£59511/240.24 mi-2
£60004/250.26 mi-2
£65005/240.29 mi83 Haworth StreetCottingham RoadHull2
£69512/240.29 mi-2
£1,30004/240.3 miEndsleigh Park, Beverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20004/240.3 miBeverley Road, Hull, East Riding Of Yorkshire, HU62
£99905/240.3 miEndsleigh Park, Beverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20005/240.3 miEndsleigh Park Beverley Road, Hull, East Riding Of Yorkshire, HU62
£99905/240.3 miBeverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20005/240.3 miEndsleigh Park Beverley Road, Hull, East Riding Of Yorkshire, HU62
£75003/240.31 mi-2
£75003/240.31 mi-2
£75003/250.31 mi-2
£8512/230.31 miGrafton Street, Hull2
£60011/240.35 mi-2
£55012/240.37 mi-2
£60012/240.38 mi-2
£62512/240.38 mi-2
£68504/240.38 mi-2
£80001/250.39 mi-2
£41212/230.39 miDe Grey Street, Hull2
£41212/230.39 miDe Grey Street, Hull2
£66004/250.41 mi-2
£92504/240.42 miApartment 5, 36 Newland Park2
£55004/240.42 mi-2
£55004/240.42 mi-2
£55004/240.42 mi-2
£62504/240.43 miSt Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU52
£69505/240.46 mi631 Beverley Road, Hull, HU62
£72505/240.46 miAlbert Square, Ella Street, Hull2
£80006/240.48 mi-2
£60005/240.49 mi-2
£65001/250.49 mi-2
£70004/250.49 mi-2
£74505/240.49 miVictoria Avenue, Princes Avenue, Sculcoates, Hull, HU5 3DR2
£65012/240.49 mi-2
£72501/240.5 miFlat 4,BeechwoodPearson Park,Hull,HU52
£72501/240.5 miFlat 1, Beechwood, 49 Pearson Park,Hull,HU52
£76004/240.5 mi43 Pearson Park, Flat 2 Studley House, Hull, East Riding Of Yorkshire, HU52

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £80,000

February 5, 2025

Floor Plans

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • No chain involved, allowing for a quick and easy purchase. +
  • Enclosed rear garden and front forecourt. +
  • Kitchen with rear room, ideal for adding a downstairs WC or bathroom. +
  • Spacious through lounge/dining room for open-plan living. +
  • Large first-floor bathroom, offering flexible layout options. +
  • Two double bedrooms, with scope to create a third. +
  • Full refurbishment project with great development potential. +
  • Prime location near Hull University, with shops, cafés, and restaurants nearby. +

*Guide Price £80,000 - £90,000 plus Reservation Fee* Fantastic Fixer-Upper & Development Opportunity This two-bedroom property presents an exciting renovation and development opportunity, offering huge potential for those looking to add value. Requiring full refurbishment, the home boasts spacious living areas, a large first-floor bathroom, and the potential to be reconfigured into a three-bedroom layout to maximise its value. Key Features: **Two generous double bedrooms with potential to reconfigure into three bedrooms.
**Large first-floor bathroom, offering flexible layout options.
**Spacious through lounge/dining room, perfect for modern open-plan living.
**Kitchen with additional rear room, which could be adapted to include a downstairs WC or bathroom.
**Enclosed rear garden and front forecourt.
**No chain involved for a straightforward purchase.
**Prime location within easy reach of Hull University.
**Walking distance to a variety of local amenities, coffee bars, shops, and restaurants. With its fantastic location and huge potential, this property is perfect for investors, first-time buyers, or those with links to Hull University. Early viewing is highly recommended! Fees, Exclusivity, and Disclaimer:  Fees:  Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.  The Reservation Fee can be refunded under certain circumstances;  i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office  Exclusivity:  Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.  Process:  Our process:  1. Register your interest  2. Prepare your finances for the purchase  3. Arrange a viewing  4. Make an offer  5. Secure your sale using our secure system  6. Exchange and complete  Disclaimer:  The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.  The Buyer is required to verify their ID & show proof of funds.  Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services.  We endeavour to make our sales 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.

Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (SDLT). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay SDLT at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether SDLT applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor.  Rezee innovative way of selling is a secure and straightforward way to buy property.  Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Agent Details

Rezee, Hull

01482 251686

Next Steps?

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