2 Bed Terraced House, Single Let, Hull, HU3 3AQ, £55,000

Wellsted Street, Hull, HU3 3AQ - 6 views - 2 months ago

BTL

ROI: 9%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£53K - £180K
Sold Prices/m²	£649/m² - £3.2K/m²

Square Metres	~68.11 m²
Price/m²	£808/m²
Value Estimate	£67,100£67,100
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£2,850£2,850
Total Cash In	£16,600£16,600

Cash Out
Rent Range	£375 - £900£375 - £900
Rent Estimate	£403
Running Costs/mo	£272£272
Cashflow/mo	£131£131
Cashflow/yr	£1,566£1,566
ROI	9%9%
Gross Yield	9%9%

Local Sold Prices

34 sold prices from £53K to £180K, average is £93.8K. £649/m² to £3.2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£63K	07/21	0.07 mi	14, Gee Street, Hull, City Of Kingston Upon Hull HU3 2SL	£649	97	2	Terraced House
£62K	05/21	0.18 mi	3, Albert Avenue, Hull, City Of Kingston Upon Hull HU3 3EG	£861	72	2	Terraced House
£108K	03/23	0.21 mi	102, Redbourne Street, Hull, City Of Kingston Upon Hull HU3 3ET	£1,271	85	2	Terraced House
£64.5K	06/23	0.24 mi	16, Gordon Street, Hull, City Of Kingston Upon Hull HU3 3HN	£963	67	2	Terraced House
£60K	12/20	0.26 mi	24, Camden Street, Hull, City Of Kingston Upon Hull HU3 3JB	£723	83	2	Terraced House
£80K	11/20	0.27 mi	11, Vauxhall Grove, Hull, City Of Kingston Upon Hull HU3 2QY	£1,509	53	2	Semi-Detached House
£75K	12/22	0.28 mi	28, Carrington Street, Hull, City Of Kingston Upon Hull HU3 3HX	£1,014	74	2	Terraced House
£53K	05/23	0.32 mi	13, Airlie Street, Hull, City Of Kingston Upon Hull HU3 3JD	£715	74	2	Terraced House
£68K	03/23	0.4 mi	9, Aylesford Street, Hull, City Of Kingston Upon Hull HU3 3JJ	-	-	2	Terraced House
£65K	12/20	0.48 mi	42, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR	£813	80	2	Terraced House
£77K	04/23	0.51 mi	234, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE	£885	87	2	Terraced House
£69K	03/23	0.56 mi	18, Wells Street, Hull, City Of Kingston Upon Hull HU3 6BN	£745	93	2	Terraced House
£63K	07/23	0.57 mi	59, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BJ	£797	79	2	Terraced House
£125K	12/22	0.58 mi	48, Edinburgh Street, Hull, City Of Kingston Upon Hull HU3 5AR	£1,646	76	2	Semi-Detached House
£90K	07/23	0.68 mi	1, Cherry Garth, Hull, City Of Kingston Upon Hull HU3 5RQ	-	-	2	Semi-Detached House
£101.1K	08/22	0.68 mi	1, Bentley Court, Hull, City Of Kingston Upon Hull HU3 6BZ	-	-	2	Semi-Detached House
£92.5K	04/21	0.68 mi	52, West Parade, Hull, City Of Kingston Upon Hull HU3 1BX	£1,285	72	2	Terraced House
£100K	01/23	0.72 mi	55, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BU	£836	120	2	Terraced House
£95K	05/21	0.72 mi	85, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BU	£922	103	2	Terraced House
£55K	05/21	0.8 mi	43, White Street, Hull, Humberside HU3 5PS	£753	73	2	Terraced House
£161K	04/21	0.81 mi	16, Captains Walk, Hull, City Of Kingston Upon Hull HU1 2DX	£2,389	67	2	Terraced House
£158K	06/21	0.85 mi	1, Commodore Croft, Hull, City Of Kingston Upon Hull HU1 2EL	£2,642	60	2	Semi-Detached House
£158K	06/21	0.85 mi	1, Commodore Croft, Hull, City Of Kingston Upon Hull HU1 2EL	£2,642	60	2	Semi-Detached House
£180K	06/21	0.87 mi	51, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG	£2,574	70	2	Terraced House
£180K	06/21	0.87 mi	51, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG	£2,574	70	2	Terraced House
£130K	02/23	0.87 mi	10, Westbrick Avenue, Hull, City Of Kingston Upon Hull HU3 5QJ	£1,823	71	2	Semi-Detached House
£80K	03/23	0.87 mi	87, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PH	£897	89	2	Terraced House
£125K	03/22	0.89 mi	9, Boatswain Croft, Hull, City Of Kingston Upon Hull HU1 2EJ	£2,551	49	2	Terraced House
£178K	04/23	0.91 mi	3, Halyard Croft, Hull, City Of Kingston Upon Hull HU1 2EP	£3,236	55	2	Terraced House
£155K	04/21	0.91 mi	1, Halyard Croft, Hull, City Of Kingston Upon Hull HU1 2EP	£2,590	60	2	Terraced House
£155K	10/22	0.91 mi	19, Halyard Croft, Hull, City Of Kingston Upon Hull HU1 2EP	£2,279	68	2	Semi-Detached House
£84.1K	10/21	0.96 mi	105, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU	£1,152	73	2	Terraced House
£115K	01/23	0.96 mi	105, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU	£1,575	73	2	Terraced House
£115K	01/23	0.99 mi	89, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SB	£1,554	74	2	Terraced House

Local Rents

33 rents from £375/mo to £900/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£700	03/25	0.02 mi	-	2	Terraced House
£625	04/24	0.03 mi	Albert Avenue, Wellsted Street, Hull	2	Terraced House
£663	05/24	0.06 mi	Coltman Street, Hull, East Riding Of Yorkshire, HU3	2	Flat
£600	03/25	0.13 mi	-	2	Flat
£595	04/24	0.13 mi	Boulevard, Hull, East Riding Of Yorkshire, HU3	2	Flat
£595	05/24	0.13 mi	Boulevard, Hull, East Riding Of Yorkshire, HU3	2	Flat
£595	04/24	0.13 mi	Boulevard, Hull, East Riding Of Yorkshire, HU3	2	Flat
£485	02/24	0.15 mi	-	2	Flat
£485	02/24	0.15 mi	-	2	Flat
£590	04/25	0.2 mi	-	2	Flat
£550	05/24	0.2 mi	Barberry Court, Hull, HU3 2QX	2	Terraced House
£495	03/25	0.2 mi	-	2	Flat
£550	10/24	0.21 mi	-	2	Flat
£559	05/24	0.23 mi	Linnaeus Street, Hull, East Riding Of Yorkshire, HU3	2	Flat
£650	10/24	0.23 mi	-	2	Terraced House
£670	04/25	0.27 mi	-	2	Flat
£650	12/24	0.28 mi	-	2	Terraced House
£700	05/24	0.28 mi	-	2	Terraced House
£675	11/23	0.29 mi	-	2	Terraced House
£600	12/24	0.29 mi	-	2	Terraced House
£600	03/24	0.29 mi	-	2	Terraced House
£625	05/24	0.3 mi	Renaissance House, 49 Boulevard, Hull, HU3 2TS	2	Terraced House
£650	04/24	0.3 mi	Royal Mews, Hull, East Riding Of Yorkshire, HU3	2	Flat
£525	05/24	0.34 mi	Aylesford Street, Hull, East Riding of Yorkshire, HU3	2	Terraced House
£650	10/24	0.34 mi	-	2	Terraced House
£900	04/25	0.37 mi	Anchor Court, Anlaby Road, HU3 2PB	2	Flat
£625	05/24	0.42 mi	Avenue Crescent, Albemarle Street, Hull, East Riding Of Yorkshire, HU3	2	Terraced House
£725	03/25	0.44 mi	-	2	Terraced House
£725	03/25	0.44 mi	-	2	Terraced House
£675	04/25	0.47 mi	-	2	Flat
£640	04/25	0.48 mi	-	2	Terraced House
£650	01/25	0.54 mi	-	2	Semi-Detached House
£375	04/24	0.58 mi	Flat 2 8 Granville Street, Hull, HU3	2	Flat

Local Area Statistics

Population in HU3	26,64826,648
Population in Hull	313,622313,622
Town centre distance	1.70 miles away1.70 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.73 miles away0.73 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £55,000

February 20, 2025

Description

Popular Residential Location +
Close to Local Amenities +
Good Transport Links +
Ground Floor Bathroom +
Boarded Loft Space +
Rear Yard +
Investor Opportunity +
First Time Buyers +

ATTENTION INVESTORS AND FIRST TIME BUYERS! Offered to the market with no upward chain, this property is an ideal refurbishment opportunity for an investor or young family wanting to put their own stamp on the property. Situated in close proximity to Hessle Road providing easy access to an array of shops and amenities, as well as excellent transport links to Hull City Centre. This two bedroom terraced property briefly comprises of an open entrance hallway, lounge, kitchen and bathroom to the ground floor. To the first floor there are two double bedrooms. There is also a boarded and plastered loft space. Externally there is a rear yard. NO UPWARD CHAIN INVOLVED EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Northwood Beverley & Hull

01484 627038

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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