2 Bed Terraced House, Single Let, Hull, HU3 1QL, £125,000

50 Hutt Street, Hull, HU3 1QL - 2 views - 2 months ago

BTL
43 m²
+5 photos

ValuationOvervalued

Sold Prices£58.8K - £158K
Sold Prices/m²£703/m² - £1.9K/m²

 

 

Square Metres

43 m²
Price/m²£2.9K/m²

Value Estimate

£54,944

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£495 - £1,590

Rent Estimate

£523

Running Costs/mo

£515

Cashflow/mo

£8

Cashflow/yr

£93

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £58.8K to £158K, average is £90K. £703/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£87K11/200.29 mi8, Knightsbridge Court, Hull, City Of Kingston Upon Hull HU3 1UG2
£86K09/220.32 mi5, Sophia Close, Hull, City Of Kingston Upon Hull HU2 9PG2
£89K08/230.32 mi20, Fountain Road, Hull, City Of Kingston Upon Hull HU2 9PF2
£92.5K04/210.33 mi52, West Parade, Hull, City Of Kingston Upon Hull HU3 1BX2
£72.5K06/210.38 mi1c, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£90K04/230.38 mi64, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ2
£112.5K03/210.38 mi54, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ2
£76K03/230.38 mi10, Norfolk Street, Hull, City Of Kingston Upon Hull HU2 9AA2
£133K06/230.39 mi77, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RH2
£100K12/200.4 mi9, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£122.5K05/210.4 mi75, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£135.5K12/210.41 mi99, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£80K12/200.41 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£113.2K05/230.41 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£58.8K05/210.42 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£65K08/220.42 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£115K01/230.47 mi89, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SB2
£105K02/230.5 mi127, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB2
£87.5K03/210.5 mi113, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB2
£72K12/210.5 mi145, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DH2
£91.5K06/210.53 mi105, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RJ2
£110K01/230.53 mi39, Bridlington Avenue, Hull, City Of Kingston Upon Hull HU2 0DU2
£100K03/210.54 mi132, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RN2
£100K05/230.54 mi114, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RN2
£85K01/220.55 mi196, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 9LP2
£85K12/220.55 mi19, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BA2
£80K03/210.55 mi186, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LT2
£64K01/230.56 mi23, Stepney Lane, Hull, City Of Kingston Upon Hull HU5 1HZ2
£65K01/230.6 mi5, Farringdon Street, Hull, City Of Kingston Upon Hull HU5 1JA2
£125K10/210.64 mi55, Hardwick Street, Hull, City Of Kingston Upon Hull HU5 3PJ2
£100K08/210.66 mi46, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY2
£83K07/210.66 mi36, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY2
£74K05/210.66 mi15, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LX2
£73K11/200.68 mi69, Nicholson Street, Hull, City Of Kingston Upon Hull HU5 1EY2
£90K05/230.69 mi11, Renfrew Street, Hull, City Of Kingston Upon Hull HU5 3NP2
£82.5K09/210.69 mi4, Roxburgh Street, Hull, City Of Kingston Upon Hull HU5 3NR2
£100K02/230.72 mi83, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LZ2
£100K02/230.72 mi27, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£83.5K01/210.72 mi53, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£158K06/210.73 mi131, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£142K07/210.73 mi129, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£76K06/230.74 mi8, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BH2
£78.8K11/210.75 mi11, Selkirk Street, Hull, City Of Kingston Upon Hull HU5 3NS2
£94K01/210.76 mi126, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3NA2
£60K10/210.76 mi25, Marshall Street, Hull, City Of Kingston Upon Hull HU5 3DA2
£65K10/220.76 mi34, New George Street, Hull, City Of Kingston Upon Hull HU2 8AY2
£101K10/210.76 mi139, Newstead Street, Hull, Humberside HU5 3NF2
£98K02/230.76 mi58, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BJ2
£110K11/210.78 mi59, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AN2
£105K03/230.84 mi112, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BS2

Local Rents

51 rents from £495/mo to £1.6K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£49504/240.07 miPeel Street, Hull, HU32
£65001/250.09 mi-2
£75002/250.11 mi-2
£87505/240.15 miGround Floor, Hull, HU32
£87506/240.15 mi-2
£85004/240.15 mi-2
£85012/240.15 mi-2
£85012/240.15 mi-2
£52504/240.23 miPark Road, Hull, HU32
£52505/240.23 miPark Road, Hull, HU32
£77502/250.23 mi-2
£65012/240.24 mi-2
£72502/250.24 mi-2
£52504/240.24 mi-2
£65003/250.24 mi-2
£87502/250.25 mi-2
£65012/240.28 mi-2
£57504/240.31 miClarendon Street, Hull, HU32
£65011/240.32 mi-2
£65012/240.33 mi-2
£62505/240.33 miSpring Street, HU22
£52501/240.33 miApartment 9, 12 Spring StreetHullHU2 8RD2
£60004/240.33 miUrban 1,2
£60004/240.33 miUrban 1, Spring Street,2
£59505/240.34 miSpring Street, HU22
£80004/240.36 miFerensway, Hull, HU2 8LE2
£85006/240.36 mi-2
£85006/240.36 mi-2
£95004/240.36 miThoresby Street, Hull, HU52
£95005/240.36 miThoresby Street, Hull, HU52
£1,59002/250.36 mi-2
£89504/240.38 miClumber Street, Hull, HU52
£89504/240.38 mi-2
£79504/240.38 miKingston Villas, Hull, HU52
£79506/240.38 mi-2
£90005/240.39 miFerensway, Hull, HU2 8LE2
£79504/240.4 miPearson Park, HULL2
£95012/240.4 mi-2
£66012/240.4 mi-2
£67504/240.41 mi-2
£65004/240.41 mi1 Kemley House, Ferensway2
£65005/240.41 miKemley House, Ferensway, HU22
£59512/240.41 miKemley House, City Centre2
£60005/240.43 miTemple Street, Sculcoates, Hull, HU5 1AD2
£65004/240.44 mi35 Blenheim Street2
£85005/240.44 mi-2
£95012/240.46 mi-2
£60005/240.47 miClumber Street, Hull, East Riding of Yorkshire, HU52
£67504/240.47 miBlenheim Street, Hull2
£60004/240.47 miFlat 3, 6 Pearson Park, Beverley Road2
£52005/240.48 miPearson Park, Hull, East Riding Of Yorkshire, HU52

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £125,000

February 18, 2025

Description

  • Mid Terrace House comprising Two Flats +
  • Located off Spring Bank close to Amenities +
  • Ground Floor Flat - Lounge - Bedroom - Kitchen - Bathroom +
  • First Floor Flat - Lounge - Bedroom - Kitchen - Bathroom +
  • Ideal Investment Purchase +
  • Rear Garden Area +
  • Gas Central Heating Systems +
  • Majority Double Glazing +
  • No Forward Chain +
  • Early Viewing Recommended +

Mid terrace house, converted to provide two self contained flats. Located off Spring bank the property is well placed for a host of local amenities nearby and within a short walk of the city centre. Accessed via a communal entrance with access doors to the ground and first floor flats. Both flats comprise of a bedroom, lounge, kitchen and bathroom. Both flats have a gas fired central heating system and there is majority double glazing (front door timber). There is a garden area to the rear. No Forward Chain. Viewing via Leonards.

Location - Located off Spring Bank the property is well placed for local amenities and access to the city centre.

Communal Entrance - A shared communal entrance provides access into the property and the ground and first floor flats.

Ground Floor Flat -

Bedroom - 3.594m max x 2.588m extends to 3.984m (11'9" max x - Window to the front elevation and radiator.

Lounge - 2.884m to back of cb x 3.937m (9'5" to back of cb - Window to the rear elevation and radiator.

Kitchen - 2.652m x 2.737m (8'8" x 8'11") - Fitted with base and wall units, work surfaces with single drainer sink unit. Appliances of oven and hob with hood over. Space for appliances, window to the side elevation. Wall mounted gas fired central heating boiler.

Rear Lobby - Side entrance door and cupboard.

Bathroom - 2.648m x 1.473m (8'8" x 4'9") - Suite of bath with electric shower over, wash hand basin and WC. Window to the rear elevation and part tiled walls.

First Floor Flat -

Bedroom - 2.740m to cb x 3.994m (8'11" to cb x 13'1") - Window to the front elevation and radiator.

Lounge - 3.449m to cb x 3.953m (11'3" to cb x 12'11") - Window to the rear elevation and radiator.

Kitchen - 2.406m x 3.996m (7'10" x 13'1") - Fitted with base and wall units, work surfaces with single drainer sink unit. Appliances of oven and hob with hood over. Space for appliances, window to the front elevation. Wall mounted gas fired central heating boiler in cupboard.

Bathroom - 2.343m to cb x 3.667m (7'8" to cb x 12'0") - Suite of bath with electric shower over, wash hand basin and WC. Window to the rear elevation, radiator and part tiled walls.

Outside - Rear garden area.

Energy Performance Certificate - Flat 1 - The current energy rating on the property is D (60).

Energy Performance Certificate - Flat 2 - The current energy rating on the property is D (55).

Mortgage Advice - UK Moneyman Limited is now Leonards preferred partner to offer independent mortgage advice for the purchase of this or any other residential property. As a reputable Licensed credit broker, UK Moneyman will carry out a comprehensive search of a wide range of mortgage offers tailored to suit your particular circumstances, with the aim of saving you both time and money. Customers will receive a free mortgage appointment with a qualified Advisor. Written quotations on request. Call us today on or visit our website to arrange your free, no obligation mortgage appointment. We may receive a fee if you use UK Moneyman Limited’s services. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Purchaser Outgoings - Flat 1 - From internet enquiries with the Valuation Office website the property has been placed in Band A for Council Tax purposes. Local Authority Reference Number 9. Prospective buyers should check this information before making any commitment to take up a purchase of the property.

Purchaser Outgoings - Flat 2 - From internet enquiries with the Valuation Office website the property has been placed in Band A for Council Tax purposes. Local Authority Reference Number 3. Prospective buyers should check this information before making any commitment to take up a purchase of the property.

Referral Fees - As part of our service, we often recommend buyers and sellers to our local conveyancing providers, namely Jane Brooks Law, Graham & Rosen and Brewer Wallace whereby we will obtain from them on your behalf a quotation. It is at your discretion whether you choose to engage the services of the provider that we recommend. Should you do so, you should know that we would expect to receive from them a referral fee of £104.17 + VAT (£125.00 including VAT) from Jane Brooks Law or £104.17 + VAT (£125 including VAT) from Graham & Rosen or £100.00 +VAT (£120.00 including VAT) from Brewer Wallace for each successful completion transaction for recommending you to them. We will also have a mortgage referral arrangement with Hull Moneyman for which we will receive a fee based on the procuration fee they receive. We also receive a referral fee for survey instructions passed to Graham Gibbs Associates of £20 + VAT (£24 including VAT).

Services - The mains services of water, gas and electric are connected. None of the services or appliances including boilers, fires and any room heaters have been tested.

For mobile/broadband coverage, prospective occupants are advised to check the Ofcom website:-

Tenure - The tenure of this property is Freehold.

Viewings - Strictly through the sole agents Leonards /

Free Sales Market Appraisal/Valuation - Thinking of selling your house, or presently on the market and not yet achieved a sale or the level of interest you expected*? Then why not contact Leonards for a free independent market appraisal for the sale of your property? We have many years of experience and a proven track record in the selling of properties throughout the city of Hull and the East Riding of Yorkshire. *Where your property is presently being marketed by another agent, please check you agency agreement for any early termination costs or charges which may apply.

Agent Details

Leonards, Hull

01482 425028

Next Steps?

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