3 Bed Terraced House, Refurb/BRRR, Hull, HU8 9DQ, £60,000

40 Reigate Close, Hull, East Yorkshire, HU8 9DQ - 2 views - a month ago

Auction
Refurb/BRRR
ROI: 3%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£77.5K - £245K
Sold Prices/m²£994/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£645/m²

Value Estimate

£70,000

 

 

End Value (After Refurb)

£151,793

Uplift in Value

+117%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£37,139

Bridging Loan Interest

£1,575

Total Cash In

£60,164

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£151,793

Agent Fees (1%)

£1,518

Bridging Loan

£45,000

Bridging Loan Interest

£1,575

Flip Profit

£45,111

Local Sold Prices

50 sold prices from £77.5K to £245K, average is £145.8K. £994/m² to £2.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£97.5K07/230.07 mi14, Staines Close, Hull, City Of Kingston Upon Hull HU8 9DH3
£173K09/210.08 mi36, Ellesmere Avenue, Hull, City Of Kingston Upon Hull HU8 9BT3
£211K05/210.1 mi31a, Ellesmere Avenue, Hull, City Of Kingston Upon Hull HU8 9BS3
£190K07/210.1 mi7, Ellesmere Avenue, Hull, City Of Kingston Upon Hull HU8 9BS3
£120K11/200.1 mi141, Tilworth Road, Hull, Humberside HU8 9BP3
£84K05/210.11 mi5, Dorking Close, Hull, City Of Kingston Upon Hull HU8 9DG3
£221K10/210.14 mi64, Waldegrave Avenue, Hull, City Of Kingston Upon Hull HU8 9BD3
£210K09/210.14 mi18, Waldegrave Avenue, Hull, City Of Kingston Upon Hull HU8 9BD3
£205K12/220.18 mi57, Bellfield Avenue, Hull, City Of Kingston Upon Hull HU8 9DT3
£177K12/200.18 mi39, Bellfield Avenue, Hull, City Of Kingston Upon Hull HU8 9DT3
£140K02/230.18 mi81, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BW3
£120K11/210.18 mi80, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BW3
£105K06/230.18 mi95, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BW3
£184K05/210.19 mi7, Bellfield Avenue, Hull, City Of Kingston Upon Hull HU8 9DS3
£172K03/220.24 mi6, Charnock Avenue, Hull, City Of Kingston Upon Hull HU9 4AE3
£100K05/230.24 mi44, Tilworth Road, Hull, City Of Kingston Upon Hull HU8 9BN3
£120K05/210.25 mi243, Holmgarth Drive, Hull, City Of Kingston Upon Hull HU8 9DZ3
£129K05/230.26 mi19, Astoria Crescent, Hull, City Of Kingston Upon Hull HU8 9BJ3
£182.5K06/210.26 mi926, Holderness Road, Hull, City Of Kingston Upon Hull HU9 4AB3
£195K03/230.26 mi964, Holderness Road, Hull, City Of Kingston Upon Hull HU9 4AB3
£188K08/210.27 mi815, Holderness Road, Hull, City Of Kingston Upon Hull HU8 9AY3
£205K04/210.27 mi104, Standidge Drive, Hull, City Of Kingston Upon Hull HU8 0RW3
£245K03/230.28 mi704, Marfleet Lane, Hull, City Of Kingston Upon Hull HU9 4TL3
£102.5K02/210.28 mi736, Marfleet Lane, Hull, City Of Kingston Upon Hull HU9 4TL3
£80K08/210.29 mi53, Apollo Walk, Hull, City Of Kingston Upon Hull HU8 0TT3
£87K04/230.34 mi23, Fortune Close, Hull, City Of Kingston Upon Hull HU8 0SR3
£200K02/210.36 mi3, Alder Hey Drive, Hull, City Of Kingston Upon Hull HU8 0FF3
£182K02/230.36 mi19, Camberwell Way, Hull, City Of Kingston Upon Hull HU8 0RU3
£83K06/230.37 mi93, Garrick Close, Hull, City Of Kingston Upon Hull HU8 0SS3
£190K11/200.39 mi3, Ardmore Close, Hull, City Of Kingston Upon Hull HU9 4AD3
£85K12/220.4 mi74, Garrick Close, Hull, City Of Kingston Upon Hull HU8 0ST3
£77.5K10/200.4 mi82, Garrick Close, Hull, City Of Kingston Upon Hull HU8 0ST3
£157K12/210.42 mi34, The Broadway, Hull, City Of Kingston Upon Hull HU9 3JJ3
£173.5K02/230.42 mi766, Holderness Road, Hull, City Of Kingston Upon Hull HU9 3JR3
£130K05/210.42 mi57, Winchester Close, Hull, City Of Kingston Upon Hull HU9 4TT3
£130K10/200.42 mi49, Winchester Close, Hull, City Of Kingston Upon Hull HU9 4TT3
£138K11/200.42 mi14, Winchester Close, Hull, City Of Kingston Upon Hull HU9 4TT3
£150K03/230.42 mi6, Pinderfield Close, Hull, City Of Kingston Upon Hull HU8 0FE3
£145K12/200.42 mi27, Pinderfield Close, Hull, City Of Kingston Upon Hull HU8 0FE3
£170K02/220.44 mi1, Willows Avenue, Hull, City Of Kingston Upon Hull HU9 3JN3
£175K07/230.46 mi540, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£125K11/210.46 mi588, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£160K06/210.46 mi572, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£220K06/230.46 mi558, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 0LG3
£135K06/210.47 mi14, Winchester Avenue, Hull, City Of Kingston Upon Hull HU9 4TS3
£125K02/230.48 mi23, Eastmount Avenue, Hull, City Of Kingston Upon Hull HU8 9EN3
£115K07/230.48 mi5, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JB3
£125K09/210.49 mi37, Portobello Street, Hull, City Of Kingston Upon Hull HU9 3JB3
£94K06/230.49 mi28, Rutherglen Drive, Hull, City Of Kingston Upon Hull HU9 3PE3
£146.5K02/210.52 mi42, Clifford Avenue, Hull, City Of Kingston Upon Hull HU8 0LU3

Local Rents

10 rents from £500/mo to £900/mo, average is £763/mo.

RentDateDistanceAddressBeds 
£69501/240.04 mi-3
£89506/240.2 miBellfield Avenue HU8 3
£89504/240.5 miPortobello Street, Hull3
£90002/240.51 mi-3
£50002/250.51 mi-3
£77503/250.53 mi-3
£59505/240.54 miAberdeen Street, Hull, East Riding of Yorkshire, HU93
£80510/240.55 mi-3
£75004/240.56 miBirklands Drive, Hull, East Yorkshire, HU83
£70005/240.61 miKilnsea Grove, Hull, HU93

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

3.09 miles away

Nearest school

0.10 miles away

Nearest train station

3.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Price changed to £60,000

April 1, 2025

Listed for £70,000

March 3, 2025

Description

  • For Sale By Public Auction +
  • Wednesday 2nd April 2025 +
  • Brantingham Park - HU15 1HX +
  • Requires Improvements and Updating +
  • Three Bedroom Mid Terrace House +
  • Entrance Lobby with access to Hallway +
  • Ground Floor WC, Lounge and Dining Kitchen +
  • Three First Floor Bedrooms and Shower Room +
  • Small Front Garden and Larger Rear Garden Area +
  • Gas Central Heating System and Majority Double Glazing +

*FOR SALE by PUBLIC AUCTION - Wednesday 2nd April - 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 £70,000.

Vacant three mid terrace house, requires a scheme of improvements and updating. Located off Grasby Road and Bellfield Avenue the property is well placed for local amenities nearby. The accommodation comprises:- Entrance lobby, hallway, GF WC, lounge, dining kitchen. On the first floor there are three bedrooms and a shower room. Small front garden with larger rear garden area. Viewing via Leonards.

Location - Located off Bellfield Avenue the property is well placed for local amenities nearby. A wider range of shops and facilities are available along Holderness Road. East Park and the Woodford Leisure Centre are within a short commute and provide green spaces and leisure facilities.

Entrance Lobby - Main front entrance door provides access into the property. Meter cupboard and store area off. Side window and inner door leads into:

Hallway - Stairs lead off to the first floor accommodation, cupboard housing the former warm air heating unit. Radiator and access into ground floor rooms off.

Ground Floor Wc - WC, basin and inner window to the entrance lobby.

Dining Kitchen - 2.924m x 5.705m max sizes (9'7" x 18'8" max sizes) - Fitted with a range of base and wall units, work surfaces with single drainer sink unit. Space for appliances. Window to the front elevation and internal window to the lounge which provides borrowed light. Wall mounted gas fired central heating boiler and radiator.

Lounge - 4.782m x 3.194m (15'8" x 10'5") - Window to the rear elevation along with a door to the rear porch. Radiator.

Rear Porch - Rear access door to the rear garden area.

First Floor Landing - Two store cupboards and access doors to all rooms off.

Bedroom One - 2.908m max x 4.086m (9'6" max x 13'4") - Window to the front elevation and radiator.

Bedroom Two - 2.713m x 3.898m (8'10" x 12'9" ) - Window to the rear elevation and radiator.

Bedroom Three - 1.988m x 2.685m (6'6" x 8'9" ) - Window to the rear elevation and radiator.

Shower Room - 1.973m x 1.779m (6'5" x 5'10") - Suite of shower cubicle with electric shower unit, wash hand basin and WC. Window to the front elevation and towel rail radiator.

Outside - The property has garden areas to the front and rear.

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 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 4. 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).

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:-

Solicitors - Brewer Wallace, 7 Land of Green Ginger, Hull, HU1 2ED
Tel:
Dennis Brewer - 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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