3 Bed Terraced House, Single Let, Hull, HU1 1XR, £200,000

Bowlalley Lane, Hull HU1 1XR - 2 views - a month ago

BTL
~93 m²
+9 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£64,700

 

 

Cash Out

 

Rent Range

£695 - £2,400

Rent Estimate

£825

Running Costs/mo

£810

Cashflow/mo

£15

Cashflow/yr

£180

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £72K to £328K, average is £148K. £828/m² to £3.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£155K02/210.21 mi70a, George Street, Hull, City Of Kingston Upon Hull HU1 3AB3
£160K02/220.37 mi15, John Street, Hull, City Of Kingston Upon Hull HU2 8DH3
£163.5K01/210.43 mi26, South Bridge Road, Hull, City Of Kingston Upon Hull HU9 1TL3
£328K11/210.43 mi62, Pilots Way, Hull, City Of Kingston Upon Hull HU9 1PS3
£165K03/210.44 mi20, Pilots Way, Hull, City Of Kingston Upon Hull HU9 1PS3
£165K01/230.45 mi7, Marine Wharf, Hull, City Of Kingston Upon Hull HU1 2TY3
£220K04/230.52 mi10, Ha'penny Bridge Way, Hull, City Of Kingston Upon Hull HU9 1HD3
£180K07/230.65 mi8, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH3
£192.5K02/210.65 mi28, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH3
£150K05/210.66 mi21, Galleon Court, Hull, City Of Kingston Upon Hull HU9 1QF3
£110K08/220.66 mi16, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9AP3
£105K03/210.67 mi18, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9AP3
£140K11/210.69 mi7, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 0DY3
£160K07/210.73 mi1, Hales Entry, Hull, City Of Kingston Upon Hull HU9 1PY3
£141K06/220.75 mi1, Alderson Mews, Hull, City Of Kingston Upon Hull HU9 1EE3
£118K10/210.76 mi1, Lorne Close, Hull, City Of Kingston Upon Hull HU2 0AJ3
£137K08/220.76 mi55, Clifton Street, Hull, City Of Kingston Upon Hull HU2 9BB3
£90K03/210.77 mi3, Blundell Close, Hull, City Of Kingston Upon Hull HU2 9BX3
£240K01/210.8 mi1, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY3
£190K06/230.8 mi14, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY3
£145.5K10/200.8 mi34, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ3
£87K04/210.8 mi50, Grange Close, Hull, City Of Kingston Upon Hull HU2 0AT3
£230K12/200.81 mi39, Harbour Way, Hull, City Of Kingston Upon Hull HU9 1PL3
£257K11/210.81 mi32, Harbour Way, Hull, City Of Kingston Upon Hull HU9 1PL3
£112K02/230.83 mi5, Neville Close, Hull, City Of Kingston Upon Hull HU3 2HL3
£92K08/230.83 mi55, Vane Street, Hull, City Of Kingston Upon Hull HU3 1RJ3
£190K05/230.84 mi4, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ3
£146K05/210.84 mi30, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ3
£162K08/210.84 mi52, Charlestown Way, Hull, Humberside HU9 1PJ3
£73K06/210.84 mi15, Quantock Close, Hull, City Of Kingston Upon Hull HU3 2HJ3
£90K10/210.84 mi49, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JR3
£93K04/210.84 mi9, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JR3
£87K08/210.85 mi63, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN3
£155K10/200.86 mi57, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW3
£175K02/210.86 mi2, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW3
£257K01/220.88 mi14, Helm Drive, Hull, City Of Kingston Upon Hull HU9 1UH3
£225K03/210.88 mi16, Helm Drive, Hull, City Of Kingston Upon Hull HU9 1UH3
£115K03/230.89 mi5, St Clements Place, Hull, City Of Kingston Upon Hull HU2 9LW3
£85K11/210.9 mi38, Freehold Street, Hull, City Of Kingston Upon Hull HU3 1RD3
£72K03/210.91 mi14, Newport Close, Hull, City Of Kingston Upon Hull HU3 2NB3
£91K02/210.91 mi45, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE3
£85K10/210.91 mi29, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE3
£165K04/230.92 mi26, Sailors Wharf, Hull, City Of Kingston Upon Hull HU9 1UJ3
£96.5K12/200.93 mi23, Somerscales Street, Hull, City Of Kingston Upon Hull HU2 9PA3
£73K10/200.93 mi29, Redfern Close, Hull, City Of Kingston Upon Hull HU3 2RB3
£85K02/230.93 mi4a, Wellington Lane, Hull, City Of Kingston Upon Hull HU3 1SG3
£96K10/210.95 mi33, Morpeth Street, Hull, City Of Kingston Upon Hull HU3 1RG3
£260K03/220.97 mi6, Corinthian Way, Hull, City Of Kingston Upon Hull HU9 1UF3
£236.5K06/220.97 mi16, Corinthian Way, Hull, City Of Kingston Upon Hull HU9 1UF3
£273.5K09/220.99 mi27, Corinthian Way, Hull, City Of Kingston Upon Hull HU9 1UF3

Local Rents

15 rents from £695/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15005/240.2 mi-3
£1,15004/240.2 miDock Street, Hull, HU13
£1,20004/240.22 mi-3
£1,20004/240.22 mi-3
£1,20004/240.24 mi-3
£1,20004/240.24 mi-3
£1,50005/240.25 miScotts Square, Hull, HU1 1AU3
£1,35004/240.28 mi-3
£2,40002/250.28 mi-3
£95009/240.36 mi-3
£1,00004/240.42 mi-3
£85002/240.44 mi-3
£69503/250.54 mi-3
£75005/240.6 miAxholme Court, Hull3
£1,30005/240.62 miFerensway, Hull, HU2 8LE3

Property History

Price changed to £200,000

March 28, 2025

Listed for £260,000

March 4, 2025

Floor Plans

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • Fantastic Investment Opportunity +
  • Ideal for Serviced Accommodation +
  • Potential to convert to flats (stpp) +
  • Prime Location +
  • Heart of Old Town +
  • Vacant Possession +
  • Outside Terrace area +
  • No Chain Involved +

*Guide Price £240,000 - £260,000 plus Reservation Fee* Presenting an extraordinary investment opportunity in the heart of our cherished town! This three-story townhouse is a captivating blend of modern elegance and classic charm, situated in the vibrant tapestry of our historic district. A rare gem, this townhouse stands as a testament to architectural beauty and timeless design, offering versatile potential for savvy investors. Envision yourself owning a piece of our town's history, where every step reveals the past and every corner holds a story. This townhouse is more than a dwelling—it's a chance to be part of a living legacy, surrounded by the allure and character of a bygone era.  With its multi-story layout, this townhouse presents a unique opportunity for conversion into multiple flats or serviced accommodations. Each level offers ample space that can be transformed to cater to modern living requirements while preserving the charm of historical aesthetics. The ground floor could become a stylish lobby/living space, the second floor a comfortable living area, and the upper levels spacious bedrooms, all under one roof.  The possibilities for return on investment are limitless—capitalize on the growing demand for short-term rentals or create desirable living spaces for those seeking modern comforts with a touch of history. The convenient location, combined with the allure of heritage, offers a lucrative venture that blends past and present seamlessly. Seize this unparalleled chance to own a slice of our town's narrative and invest in a property with remarkable potential. This three-story townhouse is an embodiment of the past, a canvas for your investment vision, and an extraordinary opportunity that rarely arises. Immerse yourself in the charm of this captivating property and make it a cornerstone of your investment portfolio. Contact us today to explore this opportunity further and step into a world of endless possibilities! There's an option to purchase a garage separately please enquire with the office for more information. Fees, Exclusivity, and Disclaimer:  Fees:  Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.  The Reservation Fee can be refunded under certain circumstances;  i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office  Exclusivity:  Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 60 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.  Process:  Our process:  1. Register your interest  2. Prepare your finances for the purchase  3. Arrange a viewing  4. Make an offer  5. Secure your sale using our secure system  6. Exchange and complete  Disclaimer:  The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.  The Buyer is required to verify their ID & show proof of funds.  Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services.  We endeavour to make our sales 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.

Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (SDLT). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay SDLT at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether SDLT applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor.  Rezee innovative way of selling is a secure and straightforward way to buy property.  Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Agent Details

Rezee, Hull

01482 251686

Next Steps?

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