ValuationUndervalued

Sold Prices	£85K - £595K
Sold Prices/m²	£599/m² - £3.1K/m²

Square Metres	~129.26 m²
Price/m²	£928/m²
Value Estimate	£147,600£147,600
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£37,200£37,200

Cash Out
Room Rate	£400£400
Gross Rent	£1,600
Running Costs/mo	£1,125£1,125
Cashflow/mo	£476£476
Cashflow/yr	£5,706£5,706
ROI	15%15%
Gross Yield	16%16%

Local Sold Prices

38 sold prices from £85K to £595K, average is £252.5K. £599/m² to £3.1K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£255K	04/23	0.26 mi	4, The Rydales, Hull, City Of Kingston Upon Hull HU5 1QD	-	-	4	Semi-Detached House
£207K	01/25	0.29 mi	14, Philip Larkin Close, Hull HU6 7FB	£1,683	123	4	Terraced House
£280K	02/23	0.31 mi	42, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB	£3,111	90	4	Detached House
£250K	09/21	0.31 mi	26, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB	-	-	4	Detached House
£226K	09/22	0.32 mi	4, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB	-	-	4	Detached House
£125K	05/23	0.39 mi	101, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP	£1,076	116	4	Terraced House
£301K	09/22	0.4 mi	3, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD	-	-	4	Detached House
£135K	10/21	0.41 mi	25, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA	£1,210	112	4	Terraced House
£120K	11/22	0.41 mi	1, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA	£952	126	4	Semi-Detached House
£135K	04/23	0.41 mi	12, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA	£1,077	125	4	Semi-Detached House
£130K	06/21	0.41 mi	43, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA	£1,066	122	4	Terraced House
£312.5K	10/24	0.43 mi	4, Catherine Mcauley Close, Hull HU6 7FD	£2,815	111	4	Detached House
£312.5K	10/24	0.43 mi	4, Catherine Mcauley Close, Hull HU6 7FD	-	-	4	Detached House
£127.5K	02/23	0.43 mi	45, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA	£1,025	124	4	Terraced House
£123K	09/21	0.43 mi	51, Ventnor Street, Hull, Humberside HU5 2LR	£1,337	92	4	Terraced House
£318.2K	03/23	0.44 mi	42, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA	£2,393	133	4	Semi-Detached House
£315K	07/23	0.45 mi	22, St Anthonys Close, Hull, City Of Kingston Upon Hull HU6 7FE	£2,864	110	4	Detached House
£160K	04/24	0.47 mi	3a, Edgecumbe Street, Hull HU5 2EU	£1,391	115	4	Detached House
£126K	10/21	0.54 mi	106, Needlers Way, Hull, City Of Kingston Upon Hull HU5 1DD	£1,636	77	4	Semi-Detached House
£340K	04/23	0.56 mi	722, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JG	-	-	4	Semi-Detached House
£395.5K	02/23	0.56 mi	701, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN	£1,950	203	4	Semi-Detached House
£300K	12/22	0.6 mi	136, Cottingham Road, Hull, City Of Kingston Upon Hull HU6 7RY	£1,948	154	4	Detached House
£435.5K	08/22	0.62 mi	19, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN	-	-	4	Detached House
£500K	03/23	0.62 mi	41, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN	-	-	4	Semi-Detached House
£595K	09/22	0.62 mi	15, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN	-	-	4	Detached House
£400K	09/24	0.74 mi	32, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DW	-	-	4	Bungalow
£430K	03/23	0.77 mi	74, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS	£2,801	154	4	Detached House
£225K	10/21	0.78 mi	2, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH	£1,630	138	4	Terraced House
£245K	04/23	0.78 mi	16, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH	£1,815	135	4	Terraced House
£498K	07/25	0.8 mi	98, Newland Park, Hull HU5 2DU	-	-	4	Detached House
£335K	06/25	0.8 mi	118, Victoria Avenue, Princes Avenue, Hull HU5 3DT	£2,597	129	4	Terraced House
£85K	07/21	0.81 mi	53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU	£853	100	4	Terraced House
£295K	05/23	0.81 mi	49, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EG	-	-	4	Semi-Detached House
£255K	08/21	0.82 mi	2, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EQ	£1,992	128	4	Semi-Detached House
£250K	09/21	0.84 mi	83, Salisbury Street, Hull, City Of Kingston Upon Hull HU5 3DU	£2,016	124	4	Terraced House
£130K	02/25	0.9 mi	92, Park Grove, Princes Avenue, Hull HU5 2US	£599	217	4	Terraced House
£230K	03/25	0.98 mi	16, Oxford Violet, Hull HU7 4WG	£2,000	115	4	Detached House
£230K	03/25	0.98 mi	16, Oxford Violet, Hull HU7 4WG	-	-	4	Detached House

Local Area Statistics

Population in HU5	51,12051,120
Population in Hull	313,622313,622
Town centre distance	0.50 miles away0.50 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.72 miles away1.72 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+31%+31%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £120,000

February 13, 2025

Floor Plans

Description

INVESTMENT OPPORTUNITY +
HMO - APPROXIMATE GROSS YIELD 14.8% +
Close HULL UNIVERSITY - Excellent PUBLIC TRANSPORT links +
BED MID-TERRACE +
LOW MAINTENANCE FRONT AND REAR GARDENS +
FREEHOLD +
COUNCIL TAX BAND A +
EPC D +

INVITING OFFERS BETWEEN £120,000-£130,000

A Perfect Opportunity Awaits on Clough Road!

Summary: Discover the potential of this spacious 4 BED MID-TERRACE, perfectly suited for investors or families seeking proximity to local amenities. Previously utilised as a HOUSE SHARE, this property achieved around £1600pcm, offering an attractive GROSS YIELD of 14.8%. With its convenient location and generous living spaces, this home presents a fantastic investment opportunity.

Agent’s Perspective: This charming property, located on CLOUGH ROAD, stands as a wonderful opportunity for those interested in property investment or families looking for a spacious home. As a former house share specifically set up as a HOUSE OF MULTIPLE OCCUPATION (HMO), it was generating a significant income, with full occupancy ensuring around £1600 per calendar month. That’s approximately a GROSS ANNUAL YIELD of 14.8%, demonstrating its potential as a valuable asset.

Inside, the GROUND FLOOR accommodates BEDROOM 2 with a LOVELY FEATURE BAY WINDOW, providing ample natural light. There's also a communal lounge, shared kitchen and bathroom to complete the ground floor layout. Up the stairs to the FIRST FLOOR, you’ll find THREE ADDITIONAL DOUBLE BEDROOMS, each offering comfort and privacy.

Outside, the property features LOW MAINTENANCE FRONT AND REAR GARDENS, perfect for outdoor relaxation without the stress of constant upkeep.

Situated close to many SCHOOLS and HULL UNIVERSITY, as well as the bustling atmosphere of NEWLAND AVENUE, this home is undeniably well-positioned. Enjoy easy access to an array of BARS, CAFES, and RESTAURANTS, while being just a short walk to BUS STOPS connecting you to all corners of Hull.

This property is in high demand, so don't hesitate! Call the office today to arrange your viewing before it’s too late!

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!