2 Bed Terraced House, Single Let, Hull, HU5 1BH, £55,000

17 Folkestone Street, Hull, North Humberside, HU5 1BH - 2 views - a month ago

Auction

BTL

ROI: 7%

73 m²

+1 photos

ValuationUndervalued

Sold Prices	£58.8K - £215K
Sold Prices/m²	£703/m² - £2K/m²

Square Metres	73 m²
Price/m²	£753/m²
Value Estimate	£78,650£78,650
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£3,150£3,150
Total Cash In	£16,900£16,900

Cash Out
Rent Range	£85 - £1,590£85 - £1,590
Rent Estimate	£430
Running Costs/mo	£278£278
Cashflow/mo	£152£152
Cashflow/yr	£1,826£1,826
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £58.8K to £215K, average is £87.3K. £703/m² to £2K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£76K	06/23	0.01 mi	8, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BH	£1,118	68	2	Semi-Detached House
£98K	02/23	0.06 mi	58, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BJ	-	-	2	Terraced House
£73K	11/20	0.12 mi	69, Nicholson Street, Hull, City Of Kingston Upon Hull HU5 1EY	£859	85	2	Terraced House
£80K	06/23	0.19 mi	49, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PD	-	-	2	Terraced House
£65K	01/23	0.2 mi	5, Farringdon Street, Hull, City Of Kingston Upon Hull HU5 1JA	£1,167	56	2	Terraced House
£64K	01/23	0.23 mi	23, Stepney Lane, Hull, City Of Kingston Upon Hull HU5 1HZ	£703	91	2	Semi-Detached House
£105K	04/23	0.28 mi	2, Rydale Court, Hull, City Of Kingston Upon Hull HU5 1QE	-	-	2	Terraced House
£85K	07/23	0.28 mi	79, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PP	£1,076	79	2	Terraced House
£85K	05/23	0.29 mi	48, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NR	£1,104	77	2	Terraced House
£72.5K	06/21	0.36 mi	1c, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ	£1,169	62	2	Terraced House
£115K	08/21	0.36 mi	102, Ryde Avenue, Hull, City Of Kingston Upon Hull HU5 1QG	£1,438	80	2	Terraced House
£85K	12/22	0.44 mi	19, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BA	£1,417	60	2	Terraced House
£115K	05/23	0.44 mi	26, Clough Road, Hull, City Of Kingston Upon Hull HU5 1QN	£1,494	77	2	Terraced House
£87K	11/20	0.44 mi	8, Knightsbridge Court, Hull, City Of Kingston Upon Hull HU3 1UG	£1,403	62	2	Terraced House
£100K	12/20	0.49 mi	188, Newland Avenue, Hull, City Of Kingston Upon Hull HU5 2NE	£1,429	70	2	Terraced House
£89K	08/23	0.5 mi	20, Fountain Road, Hull, City Of Kingston Upon Hull HU2 9PF	£1,854	48	2	Terraced House
£78K	05/23	0.5 mi	69, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ	-	-	2	Terraced House
£87.5K	05/21	0.5 mi	62, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ	£1,067	82	2	Terraced House
£58.8K	05/21	0.51 mi	24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE	£933	63	2	Terraced House
£65K	08/22	0.51 mi	24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE	£1,032	63	2	Terraced House
£86K	09/22	0.52 mi	5, Sophia Close, Hull, City Of Kingston Upon Hull HU2 9PG	£1,779	48	2	Semi-Detached House
£90K	10/21	0.52 mi	17, Edgecumbe Street, Hull, City Of Kingston Upon Hull HU5 2EU	£1,286	70	2	Terraced House
£110K	11/21	0.54 mi	59, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AN	£1,146	96	2	Terraced House
£60K	10/21	0.54 mi	25, Marshall Street, Hull, City Of Kingston Upon Hull HU5 3DA	£896	67	2	Terraced House
£100K	02/23	0.55 mi	27, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH	£1,156	87	2	Terraced House
£85K	01/22	0.55 mi	196, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 9LP	£1,103	77	2	Terraced House
£83.5K	01/21	0.55 mi	53, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH	£994	84	2	Terraced House
£92.5K	01/21	0.57 mi	78, Sharp Street, Hull, City Of Kingston Upon Hull HU5 2AB	£1,039	89	2	Terraced House
£80K	12/21	0.58 mi	5, Torrington Street, Hull, City Of Kingston Upon Hull HU5 2EW	-	-	2	Terraced House
£75K	05/23	0.58 mi	17, Exmouth Street, Hull, City Of Kingston Upon Hull HU5 2HX	£1,284	58	2	Terraced House
£72K	12/21	0.6 mi	145, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DH	-	-	2	Terraced House
£107.5K	05/23	0.6 mi	34, Haworth Street, Hull, City Of Kingston Upon Hull HU6 7RQ	£1,400	77	2	Terraced House
£77K	09/21	0.61 mi	38, Manvers Street, Hull, City Of Kingston Upon Hull HU5 2HW	-	-	2	Terraced House
£90K	12/20	0.62 mi	45, Raglan Street, Hull, City Of Kingston Upon Hull HU5 2JA	£1,268	71	2	Terraced House
£158K	06/21	0.69 mi	131, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ	-	-	2	Terraced House
£142K	07/21	0.69 mi	129, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ	-	-	2	Terraced House
£105K	03/23	0.72 mi	112, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BS	£1,856	57	2	Terraced House
£135.5K	12/21	0.8 mi	99, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR	£1,673	81	2	Terraced House
£80K	12/20	0.8 mi	117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR	£889	90	2	Terraced House
£113.2K	05/23	0.8 mi	117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR	£1,258	90	2	Terraced House
£67K	08/23	0.82 mi	4, Kirkstead Street, Hull, City Of Kingston Upon Hull HU8 8DR	£985	68	2	Terraced House
£110K	01/23	0.82 mi	39, Bridlington Avenue, Hull, City Of Kingston Upon Hull HU2 0DU	-	-	2	Terraced House
£100K	12/20	0.83 mi	9, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP	£1,205	83	2	Terraced House
£122.5K	05/21	0.83 mi	75, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP	£1,441	85	2	Terraced House
£150K	11/22	0.84 mi	42, Kirkham Drive, Hull, City Of Kingston Upon Hull HU5 2BT	£2,000	75	2	Semi-Detached House
£133K	06/23	0.85 mi	77, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RH	-	-	2	Terraced House
£215K	07/23	0.85 mi	74, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA	-	-	2	Semi-Detached House
£65K	08/21	0.86 mi	7, Kathleen Road, Hull, City Of Kingston Upon Hull HU8 8EB	-	-	2	Semi-Detached House
£76K	03/23	0.88 mi	10, Norfolk Street, Hull, City Of Kingston Upon Hull HU2 9AA	-	-	2	Terraced House
£112.5K	03/21	0.89 mi	54, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ	£1,520	74	2	Terraced House

Local Rents

51 rents from £85/mo to £1.6K/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£550	05/24	0.04 mi	3 Folkstone Avenue, Hull, HU5 1BU	2	Terraced House
£550	05/24	0.04 mi	3 Folkstone Avenue, Hull, HU5 1BU	2	Terraced House
£583	01/25	0.06 mi	-	2	Terraced House
£575	03/24	0.09 mi	-	2	Terraced House
£600	05/24	0.13 mi	-	2	Flat
£650	01/25	0.13 mi	-	2	Flat
£700	03/25	0.13 mi	-	2	Flat
£595	04/24	0.18 mi	Cranbourne Avenue, Fenchurch Street, Hull, East Riding Of Yorkshire, HU5	2	Terraced House
£524	10/23	0.18 mi	Sculcoates Lane, , Hull	2	House
£412	12/23	0.19 mi	De Grey Street, Hull	2	Flat
£412	12/23	0.19 mi	De Grey Street, Hull	2	Flat
£595	05/24	0.2 mi	Farringdon Street, HULL, HU5 1JA	2	Terraced House
£650	05/24	0.2 mi	Farringdon Street, Hull, East Riding Of Yorkshire, HU5	2	Terraced House
£525	05/24	0.21 mi	-	2	Flat
£650	04/24	0.22 mi	Farringdon Street, Hull	2	Terraced House
£845	12/24	0.23 mi	-	2	Semi-Detached House
£600	03/25	0.25 mi	-	2	Terraced House
£695	12/24	0.25 mi	-	2	Terraced House
£650	04/24	0.26 mi	Flat C 2 Pearson Park, Hull, HU5 2SY	2	Flat
£85	12/23	0.26 mi	Grafton Street, Hull	2	Flat
£750	12/24	0.27 mi	-	2	Terraced House
£600	04/24	0.28 mi	Flat 3, 6 Pearson Park, Beverley Road	2	Flat
£520	05/24	0.28 mi	Pearson Park, Hull, East Riding Of Yorkshire, HU5	2	Flat
£625	04/24	0.3 mi	Needlers Way, Hull, East Riding of Yorkshire, HU5	2	Semi-Detached House
£685	04/24	0.3 mi	-	2	Terraced House
£550	12/24	0.32 mi	-	2	Terraced House
£600	05/24	0.32 mi	Temple Street, Sculcoates, Hull, HU5 1AD	2	Flat
£675	04/24	0.33 mi	-	2	Terraced House
£625	04/24	0.34 mi	St Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU5	2	Flat
£725	01/24	0.34 mi	Flat 4,BeechwoodPearson Park,Hull,HU5	2	Flat
£725	01/24	0.34 mi	Flat 1, Beechwood, 49 Pearson Park,Hull,HU5	2	Flat
£760	04/24	0.34 mi	43 Pearson Park, Flat 2 Studley House, Hull, East Riding Of Yorkshire, HU5	2	Flat
£368	05/24	0.36 mi	Grafton Street, Hull	2	Flat
£550	04/24	0.36 mi	-	2	Terraced House
£550	04/24	0.36 mi	-	2	Terraced House
£550	04/24	0.36 mi	-	2	Terraced House
£950	12/24	0.36 mi	-	2	Flat
£795	04/24	0.37 mi	Pearson Park, HULL	2	Flat
£1,590	02/25	0.38 mi	-	2	Terraced House
£795	06/24	0.38 mi	-	2	Flat
£795	04/24	0.38 mi	Kingston Villas, Hull, HU5	2	Flat
£625	12/24	0.38 mi	-	2	Terraced House
£625	12/24	0.38 mi	-	2	Terraced House
£500	04/24	0.4 mi	-	2	Flat
£475	04/24	0.4 mi	-	2	Flat
£650	12/24	0.46 mi	-	2	Terraced House
£800	01/25	0.48 mi	-	2	Flat
£525	04/24	0.5 mi	Park Road, Hull, HU3	2	Flat
£525	05/24	0.5 mi	Park Road, Hull, HU3	2	Flat
£745	05/24	0.51 mi	Victoria Avenue, Princes Avenue, Sculcoates, Hull, HU5 3DR	2	Flat
£850	05/24	0.52 mi	-	2	Flat

Local Area Statistics

Population in HU5	51,12051,120
Population in Hull	313,622313,622
Town centre distance	0.46 miles away0.46 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.30 miles away1.30 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+25%+25%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+24%+24%

Property History

Price changed to £55,000

March 16, 2025

Listed for £65,000

February 21, 2025

Floor Plans

Description

PLEASE REGSITER ON AUCTIONEER WEBSITE FOR LEGAL PACK AND VEIWNG INFO +

**Guide Price £65,000 * Plus 5% Buyers Premium + VAT

For sale by unconditional online auction on the 26th of March 2025.

Registration is now open, bidding opens on 26th on March at 10:00 and ends on 26th March 2025on March at 12:25**

INCOME GENERATING 2 BED MID TERRACE TO BE SOLD AT AUCTION

Description
THIS 2 BED TERRACE IS GENERATING AN INCOME OF £5160 pa on an AST

Benefiting from double glazing and central heating, this two bedroom mid terrace property is located just off Beverley Road with a great choice of local amenities and only a short distance to Newland Avenue and Princes Avenue,

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Town & Country North West, Liverpool

0151 453 3527

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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