2 Bed Terraced House, Refurb/BRRR, Hull, HU8 7HS, £65,000

Egton Street, Hull, East Riding of Yorkshi, HU8 7HS - 13 views - 2 months ago

Refurb/BRRR

ROI: 12%

~68 m²

+4 photos

ValuationFair Value

Sold Prices	£50K - £175K
Sold Prices/m²	£710/m² - £3.2K/m²

Square Metres	~68.11 m²
Price/m²	£954/m²
Value Estimate	£65,000£65,000

End Value (After Refurb)	£119,194£119,194
Uplift in Value	+83%+83%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Refurb Costs	£27,200£27,200
Bridging Loan Interest	£1,706£1,706
Total Cash In	£50,056£50,056

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£119,194£119,194
Agent Fees (1%)	£1,192£1,192
Bridging Loan	£48,750£48,750
Bridging Loan Interest	£1,706£1,706
Flip Profit	£19,196£19,196

Local Sold Prices

50 sold prices from £50K to £175K, average is £102.5K. £710/m² to £3.2K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£67K	02/23	0.01 mi	92, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HS	-	-	2	Terraced House
£80K	04/23	0.04 mi	6, Whitby Street, Hull, City Of Kingston Upon Hull HU8 7HN	£1,111	72	2	Terraced House
£58.5K	04/21	0.08 mi	5, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	£957	61	2	Terraced House
£50K	04/23	0.08 mi	39, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	-	-	2	Terraced House
£69.5K	03/23	0.08 mi	78, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	£1,139	61	2	Terraced House
£75K	04/21	0.3 mi	48, Field Street, Hull, City Of Kingston Upon Hull HU9 1HS	-	-	2	Semi-Detached House
£60K	12/20	0.35 mi	76, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JZ	£710	84	2	Semi-Detached House
£127.5K	01/23	0.41 mi	70, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,261	56	2	Semi-Detached House
£123K	11/21	0.42 mi	8, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,158	57	2	Semi-Detached House
£120K	12/21	0.42 mi	62, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,143	56	2	Semi-Detached House
£100K	02/21	0.42 mi	11, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£1,787	56	2	Semi-Detached House
£65K	10/22	0.42 mi	34, New George Street, Hull, City Of Kingston Upon Hull HU2 8AY	£1,121	58	2	Semi-Detached House
£50K	09/21	0.49 mi	13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU	£936	53	2	Terraced House
£136K	02/23	0.52 mi	29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£2,720	50	2	Semi-Detached House
£110K	03/23	0.53 mi	107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF	-	-	2	Terraced House
£105K	01/21	0.54 mi	30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£1,458	72	2	Semi-Detached House
£72.5K	02/21	0.55 mi	127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA	£1,133	64	2	Terraced House
£65K	03/23	0.6 mi	177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL	£1,016	64	2	Terraced House
£77.5K	03/21	0.6 mi	50, Endymion Street, Hull, City Of Kingston Upon Hull HU8 8TY	£790	98	2	Terraced House
£77K	12/22	0.61 mi	148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL	£1,055	73	2	Terraced House
£145K	07/21	0.61 mi	32, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY	£2,736	53	2	Semi-Detached House
£117K	02/21	0.61 mi	6, Bridgegate Drive, Hull, Humberside HU9 1SY	-	-	2	Semi-Detached House
£175K	07/23	0.61 mi	28, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY	£3,212	54	2	Semi-Detached House
£96K	02/23	0.62 mi	71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX	£1,600	60	2	Terraced House
£110K	01/23	0.63 mi	39, Bridlington Avenue, Hull, City Of Kingston Upon Hull HU2 0DU	-	-	2	Terraced House
£106.5K	02/21	0.63 mi	39, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 7TH	£1,543	69	2	Terraced House
£50K	05/21	0.63 mi	13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ	£873	57	2	Terraced House
£61K	12/20	0.63 mi	9, Berkshire Street, Hull, Humberside HU8 8TJ	£965	63	2	Terraced House
£155K	07/21	0.65 mi	69, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW	-	-	2	Semi-Detached House
£152K	04/23	0.65 mi	20, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW	-	-	2	Terraced House
£77K	05/21	0.65 mi	124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH	£1,167	66	2	Terraced House
£71K	06/21	0.65 mi	64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ	£1,044	68	2	Terraced House
£167.5K	06/23	0.65 mi	7, Maldon Drive, Hull, City Of Kingston Upon Hull HU9 1QA	£3,045	55	2	Semi-Detached House
£64K	11/20	0.65 mi	44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB	£736	87	2	Terraced House
£88.5K	06/23	0.68 mi	38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG	-	-	2	Terraced House
£175K	06/22	0.69 mi	1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ	-	-	2	Detached House
£145K	01/21	0.69 mi	1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ	-	-	2	Semi-Detached House
£139K	07/21	0.71 mi	40, Mast Drive, Hull, City Of Kingston Upon Hull HU9 1ST	£2,172	64	2	Semi-Detached House
£115K	04/21	0.72 mi	32, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ	£2,054	56	2	Semi-Detached House
£158K	03/23	0.72 mi	18, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ	£2,931	54	2	Semi-Detached House
£137.5K	03/21	0.72 mi	10, Pilots Way, Hull, City Of Kingston Upon Hull HU9 1PS	£2,331	59	2	Semi-Detached House
£67.5K	11/20	0.72 mi	65, New Bridge Road, Hull, Humberside HU9 2RB	£786	86	2	Terraced House
£80K	11/20	0.73 mi	127, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RQ	£952	84	2	Semi-Detached House
£170K	03/23	0.73 mi	12, Harbour Way, Hull, City Of Kingston Upon Hull HU9 1PL	£2,830	60	2	Semi-Detached House
£72K	12/21	0.73 mi	145, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DH	-	-	2	Terraced House
£85K	01/22	0.73 mi	196, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 9LP	£1,103	77	2	Terraced House
£131K	11/20	0.75 mi	19, Bibury Close, Hull, City Of Kingston Upon Hull HU8 8HQ	£1,770	74	2	Semi-Detached House
£125K	11/20	0.75 mi	35, Ashendon Drive, Hull, City Of Kingston Upon Hull HU8 8DY	£2,155	58	2	Semi-Detached House
£128.5K	03/21	0.76 mi	48, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ	-	-	2	Terraced House
£135K	12/20	0.76 mi	29, Idas Close, Hull, City Of Kingston Upon Hull HU9 1TF	£2,368	57	2	Terraced House

Local Rents

51 rents from £417/mo to £4.3K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£600	10/24	0.02 mi	-	2	Terraced House
£525	04/24	0.04 mi	Whitby Street, Hull, HU8	2	Terraced House
£600	04/25	0.04 mi	-	2	Terraced House
£900	03/25	0.05 mi	-	2	Terraced House
£550	01/25	0.05 mi	-	2	Terraced House
£625	02/25	0.06 mi	-	2	Terraced House
£525	05/24	0.06 mi	Ferndale, Redcar St, Hull, HU8	2	Terraced House
£550	05/24	0.08 mi	70 Egton Street	2	Terraced House
£475	05/24	0.11 mi	Egton Street, Hull, HU8	2	Terraced House
£900	01/24	0.25 mi	-	2	Flat
£825	05/24	0.25 mi	-	2	Flat
£700	01/25	0.25 mi	-	2	Flat
£775	01/25	0.25 mi	-	2	Flat
£795	12/24	0.3 mi	-	2	Flat
£725	03/25	0.3 mi	-	2	Flat
£650	04/24	0.3 mi	24, Tradewinds, Old Harbour Court	2	Flat
£900	05/24	0.3 mi	Charterhouse School, Hull, HU2	2	Flat
£900	06/24	0.3 mi	-	2	Flat
£600	04/24	0.3 mi	26 Field Street	2	Terraced House
£600	04/24	0.31 mi	-	2	Terraced House
£600	04/24	0.32 mi	8 Ormington Villas	2	Terraced House
£750	12/24	0.32 mi	-	2	Flat
£550	05/24	0.35 mi	Henley Avenue, Brazil Street, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£550	05/24	0.35 mi	5 Henley Avenue, HU9 1JU	2	Terraced House
£525	05/24	0.36 mi	-	2	Terraced House
£525	05/24	0.36 mi	Henley Avenue, Hull, HU9	2	Terraced House
£600	06/24	0.37 mi	Abbey Street, HULL	2	Terraced House
£595	05/24	0.37 mi	Brentwood Avenue, Brazil St, Hull, HU9	2	Terraced House
£550	05/24	0.43 mi	Dansom Lane North, HULL	2	Terraced House
£695	05/24	0.43 mi	Bannister Drive, Hull, HU9	2	Semi-Detached House
£595	05/24	0.44 mi	Damson Lane North, Garden Village, Hull, HU8 7RR	2	Terraced House
£1,400	02/25	0.46 mi	-	2	Flat
£1,350	02/25	0.46 mi	-	2	Flat
£1,700	02/25	0.46 mi	-	2	Flat
£1,450	04/24	0.46 mi	The Glass House, Queens Gardens	2	Flat
£2,250	05/24	0.46 mi	Penthouse The Glass House, Queens Gardens	2	Detached House
£417	04/24	0.48 mi	-	2	Flat
£3,400	04/24	0.53 mi	-	2	Flat
£3,400	06/24	0.53 mi	-	2	Flat
£4,300	06/24	0.53 mi	-	2	Flat
£4,300	06/24	0.53 mi	-	2	Flat
£1,700	02/25	0.53 mi	-	2	Flat
£1,650	01/25	0.53 mi	-	2	Flat
£1,500	01/25	0.53 mi	-	2	Flat
£1,450	01/25	0.53 mi	-	2	Flat
£1,250	02/25	0.53 mi	-	2	Flat
£1,700	03/25	0.53 mi	-	2	Flat
£1,250	04/25	0.53 mi	-	2	Flat
£1,950	06/24	0.55 mi	-	2	Flat
£1,100	07/24	0.55 mi	Cooper House, Silvester Street, Hull	2	Flat
£595	02/24	0.55 mi	-	2	Terraced House

Local Area Statistics

Population in HU8	34,17534,175
Population in Hull	313,622313,622
Town centre distance	1.63 miles away1.63 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.98 miles away0.98 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £65,000

February 23, 2025

Floor Plans

Description

TWO-BEDROOM PERIOD TERRACE IN NEED OF UPDATING AND RENOVATION. +
NO CHAIN – VIEWING RECOMMENDED! +
An IDEAL OPPORTUNITY for investors looking to RENOVATE and RENT OUT. +
Located within WALKING DISTANCE of HULL CITY CENTRE. +
Offers SPACIOUS ACCOMMODATION, including an entrance hall, SITTING ROOM, DINING ROOM, and KITCHEN. +
First floor features a LANDING, TWO BEDROOMS, and a SIZEABLE BATHROOM. +
REAR COURTYARD GARDEN. +
EPC GRADE 'E'. Council tax band 'A' payable to HULL CITY COUNCIL. +

TWO-BEDROOM PERIOD TERRACE IN NEED OF UPDATING AND RENOVATION.

NO CHAIN – VIEWING RECOMMENDED!

An IDEAL OPPORTUNITY for investors looking to RENOVATE and RENT OUT.

Located within WALKING DISTANCE of HULL CITY CENTRE.

Offers SPACIOUS ACCOMMODATION, including an entrance hall, SITTING ROOM, DINING ROOM, and KITCHEN.

First floor features a LANDING, TWO BEDROOMS, and a SIZEABLE BATHROOM.

REAR COURTYARD GARDEN.

EPC GRADE 'E'. Council tax band 'A' payable to HULL CITY COUNCIL.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our 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. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

HUL250155/2

Agent Details

Reeds Rains, Hull

01482 251835

Next Steps?

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