2 Bed Terraced House, Refurb/BRRR, Hull, HU8 0HJ, £140,000

Lancaster Drive, Hull, HU8 0HJ - 2 views - a month ago

Refurb/BRRR
ROI: 1%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£70K - £240K
Sold Prices/m²£972/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£131,573

 

 

End Value (After Refurb)

£141,500

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£27,200

Bridging Loan Interest

£3,675

Total Cash In

£75,825

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£141,500

Mortgage (After Refinance)

£106,125

Mortgage LTV

75%

Cash Released

£1,125

Cash Left In

£74,700

Equity

£35,375

Rent Range

£550 - £1,070

Rent Estimate

£663

Running Costs/mo

£595

Cashflow/mo

£68

Cashflow/yr

£819

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £240K, average is £129.5K. £972/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£158K07/230.08 mi12, Burlington Road, Hull, City Of Kingston Upon Hull HU8 0HW2
£137.5K05/230.08 mi34, Burlington Road, Hull, City Of Kingston Upon Hull HU8 0HW2
£180K06/210.12 mi74, Lambwath Road, Hull, City Of Kingston Upon Hull HU8 0HB2
£187K12/220.12 mi65a, Gillshill Road, Hull, City Of Kingston Upon Hull HU8 0JG2
£230K06/220.13 mi2, Pear Tree Close, Hull, City Of Kingston Upon Hull HU8 0ED2
£150K11/220.13 mi7, Motherwell Close, Hull, City Of Kingston Upon Hull HU8 0AY2
£240K08/230.16 mi6, Cherry Lane, Hull, City Of Kingston Upon Hull HU8 0EF2
£177.5K06/230.2 mi1, Gillshill Road, Hull, City Of Kingston Upon Hull HU8 0JG2
£180K12/220.21 mi153, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EW2
£125K11/200.21 mi139, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EW2
£96K04/210.21 mi184, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EW2
£164K06/230.21 mi189, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EX2
£170K03/230.21 mi195, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EX2
£185.9K11/200.24 mi46, Whitethorn Way, Hull, City Of Kingston Upon Hull HU8 0JF2
£125K05/210.24 mi17, Burbage Avenue, Hull, City Of Kingston Upon Hull HU8 0ET2
£170K07/230.24 mi217, Hathersage Road, Hull, City Of Kingston Upon Hull HU8 0EY2
£122.5K08/210.25 mi11, Thornhill Avenue, Hull, City Of Kingston Upon Hull HU8 0EU2
£175K02/230.25 mi20, Mancklin Avenue, Hull, City Of Kingston Upon Hull HU8 0HX2
£112K11/210.35 mi4, Ballantyne Close, Hull, City Of Kingston Upon Hull HU7 0EJ2
£190K08/210.36 mi39, Tweendykes Road, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4XA2
£135K10/200.4 mi27, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0EA2
£160K11/200.4 mi4, Carnoustie Close, Hull, City Of Kingston Upon Hull HU8 8JH2
£120K05/210.41 mi46, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0ED2
£70K11/210.45 mi37, Mortlake Close, Hull, City Of Kingston Upon Hull HU8 0QH2
£135K12/200.45 mi1, Eden Drive, Hull, City Of Kingston Upon Hull HU8 8JQ2
£116K11/200.46 mi9, Lime Tree Avenue, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4XE2
£154K11/200.46 mi8, Clifford Avenue, Hull, City Of Kingston Upon Hull HU8 0LU2
£129K01/230.47 mi170, Lindengate Avenue, Hull, City Of Kingston Upon Hull HU7 0EE2
£150K09/210.49 mi11, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL2
£115K04/210.49 mi32, Dornoch Drive, Hull, City Of Kingston Upon Hull HU8 8JL2
£139.9K08/210.5 mi404, Leads Road, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4XN2
£90K05/210.52 mi19, Brixton Close, Hull, City Of Kingston Upon Hull HU8 0QL2
£109K04/230.52 mi17, Brixton Close, Hull, City Of Kingston Upon Hull HU8 0QL2
£137.5K11/220.53 mi17, Watson Street, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4UR2
£112K02/210.54 mi54, Rockford Avenue, Hull, City Of Kingston Upon Hull HU8 8JB2
£195K09/210.56 mi32, The Avenue, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4UX2
£110K12/220.57 mi62, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DT2
£98K12/220.57 mi97, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DT2
£91.5K01/210.57 mi88, Lamorna Avenue, Hull, City Of Kingston Upon Hull HU8 8HT2
£103K02/230.58 mi123, Lee Street, Hull, City Of Kingston Upon Hull HU8 8NW2
£103.3K06/210.58 mi79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF2
£103.3K06/210.58 mi79, Brendon Avenue, Hull, City Of Kingston Upon Hull HU8 8JF2
£106K01/210.58 mi113, Lee Street, Hull, City Of Kingston Upon Hull HU8 8NW2
£97K04/210.58 mi123, Lee Street, Hull, City Of Kingston Upon Hull HU8 8NW2
£130K01/230.59 mi9, Foredyke Avenue, Hull, City Of Kingston Upon Hull HU7 0DS2
£150K06/230.59 mi18, Priestgate, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4QR2
£120K02/210.59 mi3, Priestgate, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4QR2
£75K02/210.59 mi23, Garrick Close, Hull, City Of Kingston Upon Hull HU8 0SS2
£118.5K05/210.59 mi47, Lamorna Avenue, Hull, City Of Kingston Upon Hull HU8 8HS2
£70K02/230.61 mi15, Rockford Grove, Hull, City Of Kingston Upon Hull HU8 8HZ2

Local Rents

50 rents from £550/mo to £1.1K/mo, average is £640/mo.

RentDateDistanceAddressBeds 
£65005/240.3 miLambwath Road, Hull, East Yorkshire, HU82
£95004/240.33 miMalet Close, James Reckitt Avenue, HU82
£95005/240.33 miMalet Close, James Reckitt Avenue, HU82
£65006/240.44 mi31, Lindengate Avenue, Leeds Road2
£65010/240.53 mi-2
£59505/240.56 miForedyke Avenue, Leeds Road, Hull, East Yorkshire, HU72
£69503/240.57 mi-2
£65006/240.58 miForedyke Avenue, Hull2
£75002/250.58 mi-2
£62012/240.63 mi-2
£62001/240.63 mi-2
£57505/240.75 miFlat 1, 27-29 Westcott Street, Hull, HU8 8LR2
£1,00004/250.75 mi-2
£1,00007/240.75 mi-2
£1,00005/240.75 miMills Court, Hull, HU92
£60005/240.77 miHolderness Road, HULL2
£58510/240.78 mi-2
£56504/240.79 miFlat C, 4 Westcott Street, Hull, HU8 8LR2
£67505/240.79 miLeads Road, Hull2
£75004/240.81 mi-2
£75004/240.81 mi-2
£59505/240.83 miMyrtle Grove, Lorraine Street, Hull, East Riding Of Yorkshire, HU82
£59505/240.83 mi9 Myrtle Grove, HU8 8ET2
£57505/240.84 miLaburnum Grove, Lorraine Street, Hull, East Riding of Yorkshi, HU82
£57505/240.84 miLaburnum Grove, Lorraine Street, Hull, East Riding Of Yorkshire, HU82
£57505/240.84 mi1 Laburnum Grove, HU8 8ES2
£55005/240.88 miCrofton Avenue, Egton Street, Hull, East Yorkshire, HU82
£65012/230.9 mi-2
£69503/250.9 mi-2
£55004/240.91 mi-2
£60012/240.91 mi-2
£55005/240.92 miLealholme Court, Howdale Road, Hull, East Riding Of Yorkshire, HU82
£90004/250.93 mi-2
£57504/240.94 mi-2
£55005/240.94 mi-2
£57504/240.94 miMallyan Close, Hull, HU82
£67504/240.96 mi20 Willows Avenue, Hull, HU9 3JN2
£64005/240.96 mi-2
£69505/240.96 mi2 Willows Avenue, Hull, HU9 3JN2
£1,07004/250.97 mi-2
£64001/250.97 mi-2
£64003/250.97 mi-2
£77502/250.97 mi-2
£72502/250.98 mi-2
£67505/240.98 miKathleen Road, HU82
£59512/240.98 mi-2
£59502/250.98 mi-2
£62506/240.98 miSevern Street, Hull2
£57505/240.98 miSevern Street, HULL2
£59506/240.99 miEddlethorpe, Buckingham Street, Hull2

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

2.16 miles away

Nearest school

0.20 miles away

Nearest train station

2.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £140,000

March 13, 2025

Floor Plans

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • Single Garage – Extra storage or secure parking. +
  • Generous Rear Garden – Includes a block patio area for outdoor enjoyment. +
  • First-Floor Family Bathroom – Convenient layout for modern living. +
  • Rear Kitchen Extension – Added space for cooking and dining. +
  • Open-Plan Lounge/Dining Room – Spacious and versatile living area. +
  • Two-Bedroom End-Terrace – Ideal for a young family. +
  • Larger-Than-Average Plot – More space inside and out. +
  • No Chain +

*Guide Price £140,000 - £150,000 plus Reservation Fee* Spacious Two-Bedroom End-Terrace on a Large Plot – No Chain Involved
Situated on a larger-than-average plot, this two-bedroom end-of-terrace home offers fantastic potential for a young family. Requiring some modernisation, the property provides a great opportunity to add value and create a wonderful home in a sought-after location, within easy reach of well-regarded schools. The ground floor features a spacious open-plan lounge and dining room, leading to a rear kitchen extension. Upstairs, there are two well-proportioned bedrooms and a first-floor family bathroom. Externally, the generous rear garden includes a block patio area, while a single garage provides additional storage or parking. The front garden has potential to convert into a driveway given the necessary consent. Offered with no chain involved and vacant possession, this property is a fantastic opportunity for buyers looking to make a home their own. Book your viewing today! Fees, Exclusivity, and Disclaimer:  Fees:  Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% 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 90 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?

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