3 Bed Terraced House, Refurb/BRRR, Hull, HU3 6QX, £65,000

18 Alliance Avenue, Hull, HU3 6QX - 2 views - 2 months ago

Auction
Refurb/BRRR
ROI: 3%
118 m²
+5 photos

ValuationFair Value

Sold Prices£57K - £200K
Sold Prices/m²£625/m² - £2.4K/m²

 

 

Square Metres

117.66 m²
Price/m²£552/m²

Value Estimate

£66,300

 

 

End Value (After Refurb)

£138,786

Uplift in Value

+114%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£47,281

Bridging Loan Interest

£1,706

Total Cash In

£70,137

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£138,786

Agent Fees (1%)

£1,388

Bridging Loan

£48,750

Bridging Loan Interest

£1,706

Flip Profit

£18,511

Local Sold Prices

50 sold prices from £57K to £200K, average is £119K. £625/m² to £2.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£73.5K01/210.07 mi145, Alliance Avenue, Hull, Humberside HU3 6QU3
£118K06/230.07 mi131, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU3
£82K11/200.07 mi96, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QX3
£150K01/230.07 mi14, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£163K03/230.1 mi60, Springfield Road, Hull, City Of Kingston Upon Hull HU3 6TH3
£87K11/200.11 mi569, Anlaby Road, Hull, City Of Kingston Upon Hull HU3 6SH3
£97K03/210.12 mi138, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RQ3
£174K02/230.12 mi73, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£185.5K04/230.12 mi77, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£165K03/230.12 mi71, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£133.5K03/210.12 mi14, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£120K03/210.12 mi18, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£133K07/210.15 mi52, Northfield Road, Hull, City Of Kingston Upon Hull HU3 6TL3
£70K01/230.16 mi9, Acland Street, Hull, City Of Kingston Upon Hull HU3 6QQ3
£105K08/210.17 mi30, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ES3
£110K01/230.19 mi40, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£105K06/210.2 mi63, Glencoe Street, Hull, City Of Kingston Upon Hull HU3 6HR3
£150K02/230.21 mi65, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PA3
£100K12/200.22 mi5, Woldcarr Road, Hull, City Of Kingston Upon Hull HU3 6TP3
£130K06/230.22 mi33, Woldcarr Road, Hull, City Of Kingston Upon Hull HU3 6TP3
£85K11/200.23 mi96, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£90K12/200.26 mi38, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£90K12/220.26 mi28, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£167K06/230.26 mi54, Woldcarr Road, Hull, City Of Kingston Upon Hull HU3 6TR3
£148K06/210.26 mi66, Woldcarr Road, Hull, City Of Kingston Upon Hull HU3 6TR3
£125K03/230.27 mi73, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ET3
£135K07/220.27 mi8, Littlebeck Close, Hull, City Of Kingston Upon Hull HU3 6NQ3
£136K07/230.27 mi48, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XJ3
£104K01/230.29 mi65, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XQ3
£77K12/200.31 mi116, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BY3
£80K09/210.32 mi21, Brougham Street, Hull, City Of Kingston Upon Hull HU3 6PX3
£102.5K11/200.32 mi3, Airmyn Avenue, Hull, City Of Kingston Upon Hull HU3 6UD3
£200K03/230.33 mi53, College Gardens, Hull, City Of Kingston Upon Hull HU3 6AF3
£182K12/220.34 mi17, College Gardens, Hull, City Of Kingston Upon Hull HU3 6AF3
£128K03/210.34 mi67, Meadowbank Road, Hull, City Of Kingston Upon Hull HU3 6XL3
£78K10/210.34 mi12, Astley Street, Hull, City Of Kingston Upon Hull HU3 6PY3
£58K11/200.35 mi49, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BJ3
£67K04/210.35 mi59, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EE3
£134K09/210.35 mi84, Meadowbank Road, Hull, City Of Kingston Upon Hull HU3 6XP3
£105K03/230.35 mi76, Greek Street, Hull, City Of Kingston Upon Hull HU3 6DE3
£196K03/220.35 mi77, Riley Way, Hull, City Of Kingston Upon Hull HU3 6DU3
£118K11/200.36 mi110, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PY3
£143K06/210.36 mi695, Anlaby Road, Hull, City Of Kingston Upon Hull HU3 6UL3
£127.5K08/210.36 mi687, Anlaby Road, Hull, City Of Kingston Upon Hull HU3 6UL3
£128K11/200.36 mi7, Brockton Close, Hull, City Of Kingston Upon Hull HU3 5QH3
£57K12/220.37 mi35, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BH3
£90.5K10/200.37 mi701, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 6LG3
£96K05/230.37 mi68, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XB3
£126K09/210.38 mi18, Kempton Road, Hull, City Of Kingston Upon Hull HU3 6UF3
£124K01/210.39 mi25, Cardigan Road, Hull, City Of Kingston Upon Hull HU3 6XA3

Local Rents

33 rents from £650/mo to £1.9K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£89505/240.06 miA De La Pole Avenue, Hull, HU33
£89504/240.06 mi-3
£89505/240.06 mi-3
£65004/240.09 miNorthfield Road, Hull, East Riding of Yorkshire, HU33
£89504/240.11 miParkfield Drive, Hull3
£72505/240.14 mi-3
£72504/240.14 miAlbert Avenue, Hull, HU33
£80003/250.14 mi-3
£80003/250.2 mi-3
£75002/250.21 mi-3
£78512/230.24 mi-3
£97504/240.26 mi-3
£79504/240.26 mi-3
£79504/240.27 miMelrose Street, Hull, HU3 6ET3
£79505/240.27 miMelrose Street, Hull, HU3 6ET3
£99801/250.27 mi-3
£1,90004/250.27 mi-3
£82501/250.31 mi-3
£97511/230.32 mi-3
£82503/250.32 mi-3
£72503/250.36 mi-3
£65004/240.36 mi-3
£65005/240.38 mi-3
£65005/240.38 miSpring Bank West, Hull, HU33
£68511/230.45 mi-3
£79505/240.5 miNorth Road, Hull, East Yorkshire, HU43
£69503/250.51 mi-3
£69504/240.51 miBrooklands Road, Spring Bank West, Hull, East Yorkshire, HU53
£82505/240.51 miLuton Road, Hull, HU53
£92502/250.51 mi-3
£69504/250.55 mi-3
£75004/240.56 mi-3
£72504/240.59 miPerth Street West, Hull, East Riding Of Yorkshire, HU53

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.51 miles away

Nearest school

0.20 miles away

Nearest train station

1.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £65,000

February 27, 2025

Description

  • For Sale By Public Auction +
  • Wednesday 2nd April 2025 +
  • Brantingham Park - HU15 1HX +
  • Registration from 6:00pm to start at 6:30pm +
  • Requires Improvements and Updating +
  • Entrance Hall with Stairs off +
  • Lounge Diner, Kitchen +
  • Rear Lobby, Ground Floor Bathroom +
  • Three First Floor Bedrooms and Wet Room +
  • Front Forecourt and Rear Garden Area +

*FOR SALE by PUBLIC AUCTION* - Wednesday 2nd April 2025 - To be held at Hull Ionians RUFC - BRANTINGHAM PARK - Brantingham Road, Elloughton, HU15 1HX - Registration from 6:00pm - Auction to commence from 6:30pm - FOR FURTHER DETAILS AND TO REGISTER YOUR INTEREST PLEASE CONTACT LEONARDS on * Guide Price £65,000.

Vacant three bedroom mid terrace house, requires a comprehensive scheme of improvements and updating throughout. Located off Anlaby Road the property is well placed for local amenities nearby. The well proportioned accommodation comprises:- Entrance, lounge diner, kitchen, lobby and a ground floor bathroom area. On the first floor there are three bedrooms and a wet room. Front forecourt and rear garden area. Viewing via Leonards.

Location - Located off Anlaby Road, the property is within a short commute of the city centre, hospital and sports stadium. There are a host of local amenities nearby.

Entrance - Main front entrance door provides access into the property. Stairs lead off to the first floor accommodation.

Lounge Diner - 3.903m x 3.669m + bay + 2.772m x 3.825m (12'9" x 1 - Window to the front elevation, radiator and fire surround.

Kitchen - 4.282m x 3.378m (14'0" x 11'0") - Base and wall units, work surfaces with sink unit. Window to the rear elevation.

Lobby - 2.655m x 1.844m (8'8" x 6'0") - Window to the side elevation.

Ground Floor Bathroom - 2.382m x 1.986m (7'9" x 6'6") - Suite of bath, basin and WC. Window to the side elevation.

Rear Entrance - Side entrance door.

First Floor Landing - Access to all rooms off.

Bedroom One - 4.588m to cb x 3.671m (15'0" to cb x 12'0") - Two windows to the front elevation and radiator.

Bedroom Two - 2.817m to cb x 3.627m (9'2" to cb x 11'10") - Window to the rear elevation and radiator.

Bedroom Three - 2.672m x 3.330m max (8'9" x 10'11" max) - Window to the rear elevation, radiator and boiler cupboard.

Wet Room - 1.436m x 1.945m (4'8" x 6'4") - Shower, basin and WC. Window to the side elevation and radiator.

Outside - Front forecourt and rear garden area.

Energy Performance Certificate - The current energy rating on the property is pending.

Public Auction - The property is offered for sale By Public Auction. The property will be sold subject to the Contract and Conditions of Sale in the auction pack & any supplementary Special Conditions of Sale, which will be available as part of the auction pack and will be available for inspection 7 days prior to the date of auction at the solicitors and auctioneers offices. Intending purchasers are advised to make any enquiries relating to these contracts and conditions of sale prior to the date of auction as it is not intended to have these read out at the sale.

Purchaser Outgoings - From internet enquiries with the Valuation Office website the property has been placed in Band A for Council Tax purposes. Local Authority Reference Number A . 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:-

Solicitors - Jane Brooks Law, 356 Holderness Road, Hull, HU9 3DQ
Tel:
Diane Maughan- acting

Tenure - The tenure of this property is Freehold.

Viewings - Strictly through the sole agents Leonards /

Auction Appraisal - Property renovation, plot of land, tenanted investment, looking to achieve a quick sale at full value, have you ever thought about auction? Why not contact Leonards and speak with one of our auction team for advice or a free no obligation auction appraisal, we hold regular property auction sales throughout the year.

Agent Details

Leonards, Hull

01482 425028

Next Steps?

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