2 Bed Bungalow, Refurb/BRRR, Hull, HU6 9BH, £100,000

29 The Queensway, Hull, HU6 9BH - a month ago

Auction
Refurb/BRRR
ROI: 6%
50 m²
+5 photos

ValuationFair Value

Sold Prices£68K - £187K
Sold Prices/m²£932/m² - £2.9K/m²

 

 

Square Metres

50 m²
Price/m²£2K/m²

Value Estimate

£100,000

 

 

End Value (After Refurb)

£91,720

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£20,000

Bridging Loan Interest

£2,625

Total Cash In

£55,575

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£91,720

Mortgage (After Refinance)

£68,790

Mortgage LTV

75%

Cash Left In

£55,575

Equity

£22,930

Rent Range

£550 - £915

Rent Estimate

£743

Running Costs/mo

£455

Cashflow/mo

£288

Cashflow/yr

£3,453

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £68K to £187K, average is £130K. £932/m² to £2.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K03/210.02 mi7, The Queensway, Hull, Humberside HU6 9BH2
£139.9K09/210.07 mi17, Countess Close, Hull, City Of Kingston Upon Hull HU6 9UE2
£118K05/210.07 mi3, Countess Close, Hull, City Of Kingston Upon Hull HU6 9UE2
£130K12/200.07 mi12, Countess Close, Hull, City Of Kingston Upon Hull HU6 9UE2
£140K01/230.09 mi95, The Queensway, Hull, City Of Kingston Upon Hull HU6 9BJ2
£135K12/220.12 mi187, The Queensway, Hull, City Of Kingston Upon Hull HU6 9BJ2
£124K07/210.12 mi133, The Queensway, Hull, City Of Kingston Upon Hull HU6 9BJ2
£114K05/210.12 mi139, The Queensway, Hull, City Of Kingston Upon Hull HU6 9BJ2
£139K12/220.12 mi133, The Queensway, Hull, City Of Kingston Upon Hull HU6 9BJ2
£119K07/210.12 mi10, Tudor Drive, Hull, City Of Kingston Upon Hull HU6 9UF2
£136K01/210.12 mi47, Tudor Drive, Hull, City Of Kingston Upon Hull HU6 9UF2
£182.5K10/200.19 mi2, Crinan Drive, Hull, City Of Kingston Upon Hull HU6 7XD2
£138K11/210.2 mi9, Crinan Drive, Hull, Humberside HU6 7XD2
£155K11/210.2 mi5, Alloa Close, Hull, City Of Kingston Upon Hull HU6 7XA2
£101.5K03/230.21 mi14, Mizzen Road, Hull, City Of Kingston Upon Hull HU6 7AG2
£150K05/210.23 mi90, Downfield Avenue, Hull, City Of Kingston Upon Hull HU6 7XF2
£92.5K07/210.24 mi81, Downfield Avenue, Hull, City Of Kingston Upon Hull HU6 7XE2
£132.5K05/210.24 mi117, Downfield Avenue, Hull, City Of Kingston Upon Hull HU6 7XE2
£78K08/210.25 mi19, Osprey Close, Hull, Humberside HU6 7XL2
£80K03/210.26 mi36, Windle Avenue, Hull, City Of Kingston Upon Hull HU6 7EE2
£135K07/210.26 mi10, Compass Road, Hull, City Of Kingston Upon Hull HU6 7AH2
£173K09/210.26 mi28, Compass Road, Hull, City Of Kingston Upon Hull HU6 7AH2
£110K06/210.26 mi4, Compass Road, Hull, City Of Kingston Upon Hull HU6 7AH2
£68K12/200.28 mi42, 16th Avenue, Hull, City Of Kingston Upon Hull HU6 9JP2
£79K01/210.28 mi24, Nairn Close, Hull, City Of Kingston Upon Hull HU6 7XJ2
£85K04/230.3 mi107, 12th Avenue, Hull, City Of Kingston Upon Hull HU6 9LA2
£132K03/230.3 mi1208, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7YA2
£130K10/200.31 mi9, Kenmore Drive, Hull, City Of Kingston Upon Hull HU6 7XH2
£135K07/210.33 mi18, Anchor Road, Hull, City Of Kingston Upon Hull HU6 7AP2
£160.5K11/220.33 mi35, Keel Road, Hull, City Of Kingston Upon Hull HU6 7BL2
£117K10/210.34 mi128, Compass Road, Hull, City Of Kingston Upon Hull HU6 7BE2
£144K06/210.34 mi162, Stanbury Road, Hull, City Of Kingston Upon Hull HU6 7BW2
£155K01/210.34 mi176, Stanbury Road, Hull, City Of Kingston Upon Hull HU6 7BW2
£148K03/210.34 mi38, Capstan Road, Hull, City Of Kingston Upon Hull HU6 7AT2
£110K02/210.34 mi3, Capstan Road, Hull, Humberside HU6 7AT2
£127K02/230.34 mi26, Greylees Avenue, Hull, City Of Kingston Upon Hull HU6 7YG2
£130K10/210.35 mi60, Evergreen Drive, Hull, City Of Kingston Upon Hull HU6 7YD2
£130K02/230.35 mi47, Evergreen Drive, Hull, City Of Kingston Upon Hull HU6 7YD2
£180K01/210.35 mi43, Evergreen Drive, Hull, City Of Kingston Upon Hull HU6 7YD2
£163.5K10/200.35 mi68, Evergreen Drive, Hull, City Of Kingston Upon Hull HU6 7YD2
£149K09/210.35 mi87, Compass Road, Hull, City Of Kingston Upon Hull HU6 7AW2
£115K12/200.36 mi11, Boulsworth Avenue, Hull, City Of Kingston Upon Hull HU6 7DZ2
£103K06/230.36 mi47, Boulsworth Avenue, Hull, City Of Kingston Upon Hull HU6 7DZ2
£187K03/210.38 mi71, Stanbury Road, Hull, City Of Kingston Upon Hull HU6 7BX2
£105K07/210.38 mi137, Stanbury Road, Hull, City Of Kingston Upon Hull HU6 7BX2
£124K01/210.39 mi5, Cloverbank View, Hull, City Of Kingston Upon Hull HU6 7YB2
£125K09/220.39 mi3, Cloverbank View, Hull, City Of Kingston Upon Hull HU6 7YB2
£75K04/230.43 mi267, 5th Avenue, Hull, City Of Kingston Upon Hull HU6 8EA2
£130K05/210.43 mi7, Silsden Avenue, Hull, City Of Kingston Upon Hull HU6 7BY2
£122K10/200.45 mi12, Stanbury Road, Hull, City Of Kingston Upon Hull HU6 7BU2

Local Rents

28 rents from £550/mo to £915/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£82505/240.29 miGreylees Avenue, Hull2
£55004/240.49 miBronte Court, Haworth Park, Hull, East Yorkshire, HU62
£64903/250.6 mi-2
£67506/240.6 mi-2
£67506/240.6 miDovestone Way, Hull, HU72
£67505/240.6 miDovestone Way, Kingswood, HULL2
£67506/240.6 miDovestone Way, Kingswood, HULL2
£67506/240.6 miDovestone Way, Kingswood, HULL2
£60504/240.71 mi-2
£65004/240.74 miThirlmere Way, Kingswood, Hull, HU72
£83504/240.75 miDane Park, Hull, HU62
£83505/240.75 miDane Park, Hull, HU62
£67504/240.76 miLadybower Way, Kingswood, Hull, East Yorkshire, HU72
£89005/240.76 miDane Park, Hull, HU62
£91505/240.78 miDane Park, Hull, HU62
£72504/240.78 mi-2
£85004/240.79 miDane Park, Hull, HU62
£80006/241 mi-2
£69505/241.1 mi631 Beverley Road, Hull, HU62
£77512/231.12 mi-2
£72505/241.12 mi-2
£80006/241.13 miSchool Lane, Kingswood, HULL2
£75004/241.14 miChartwell Gardens, Kingswood, HULL2
£70001/241.14 miChartwell Gardens, Hull, East Riding Of Yorkshire, HU72
£89506/241.15 miSchool Lane, Kingswood, Hull2
£60005/241.19 miHainsworth Park, Hull, HU62
£77004/241.23 mi-2
£75001/251.23 mi-2

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

1.74 miles away

Nearest school

0.10 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £100,000

February 28, 2025

Floor Plans

Description

  • For Sale By Public Auction +
  • Wednesday 2nd April 2025 +
  • Brantingham Park - HU15 1HX +
  • Registration from 6:00pm to start at 6:30pm +
  • Would Benefit from Some Improvement Works +
  • Side Entrance Hall +
  • Front Facing Lounge and Kitchen +
  • Two Rear Facing Bedrooms +
  • Bathroom with Three Piece Suite +
  • Gardens with Driveway to Garage +

*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 £100,000.

Vacant two bedroom semi detached bungalow, located off Hall Road and Beverley Road. The property is well placed for local amenities nearby. The accommodation comprises:- Entrance hall, lounge, kitchen, two bedrooms and a bathroom. Front and rear garden areas with driveway to garage. Gas fired central heating system and double glazing. Viewing via Leonards.

Location - Located off Hall Road and Beverley Road, the property is well placed for local amenities nearby including the Tesco supermarket and Sirius Academy North. The Kingswood retail park is within a short commute and offers a variety of shopping, leisure and retail facilities.

Entrance Hall - Main side entrance door provides access into the bungalow. Store cupboard, radiator and access to roof void which contains the gas fired central heating boiler.

Lounge - 2.899m x 5.250m (9'6" x 17'2") - Window to the front elevation, radiator and fire surround with electric fire.

Kitchen - 2.362m x 2.615m (7'8" x 8'6") - Fitted with a range of base and wall units, work surfaces with single drainer sink unit. Appliances of electric oven and gas hob. Space for fridge/freezer and washing machine. Window to the front elevation.

Bedroom One - 2.903m x 3.583m (9'6" x 11'9") - Window to the rear elevation, wardrobes and radiator.

Bedroom Two - 2.378m x 2.654m (7'9" x 8'8") - French doors to the rear elevation and radiator.

Bathroom - 1.468m x 2.472m (4'9" x 8'1") - Suite of bath with shower unit over, wash hand basin and WC. Window to the side elevation.

Outside - The property has garden areas to the front and rear. A driveway leads to the single garage.

Garage - 3.034m x 5.353m (9'11" x 17'6") - With up and over door, side single glazed window, light and power.

Auction Buyers Fees - Auction Buyers Fees - In addition to any possible vendor solicitor costs and searches, the purchaser will be responsible for the payment of a combined buyers premium and auction administration charge of £825 (£687.50 + VAT). For further clarification, please contact the auctioneers.

Energy Performance Certificate - The current energy rating on the property is D (66).

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.

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 B for Council Tax purposes. Local Authority Reference Number 7. 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).

Solicitors - James Legal - Planet House, 2 Woodhouse Street, Hedon Road, Hull, HU9 1RJ
Tel:
Rebecca Sutton - acting

Registering & Buying At Leonards Auctions - Registering & Buying At Leonards Auctions - All prospective purchasers MUST PRE REGISTER at our office on HOLDERNESS ROAD before 12:00 noon of the auction date by providing TWO FORMS OF PROOF OF IDENTITY (NAME & ADDRESS) to be able to register to bid on the night of the auction. (Two buyers etc - two forms of ID each.) DEBIT CARD, CONFIRMED INTERNET BANK TRANSFER OR CHEQUE WILL BE ACCEPTED FOR PAYMENT OF THE DEPOSIT AND ANY ASSOCIATED FEES ON THE DAY OF THE AUCTION. Please call for further information.

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 /

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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