2 Bed Terraced House, Refurb/BRRR, Hull, HU11 5QE, £175,000

2 Ash Grove, Hull, HU11 5QE - a month ago

Refurb/BRRR
91 m²
+23 photos

ValuationOvervalued

Sold Prices£82K - £305K
Sold Prices/m²£1.2K/m² - £4.1K/m²

 

 

Square Metres

91 m²
Price/m²£1.9K/m²

Value Estimate

£152,749

 

 

End Value (After Refurb)

£202,586

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Refurb Costs

£36,609

Bridging Loan Interest

£4,594

Total Cash In

£96,653

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,586

Mortgage (After Refinance)

£151,939

Mortgage LTV

75%

Cash Released

£20,689

Cash Left In

£75,963

Equity

£50,646

Rent Range

£750 - £795

Rent Estimate

£773

Running Costs/mo

£808

Cashflow/mo

£-35

Cashflow/yr

£-416

Gross Yield

5%

Local Sold Prices

37 sold prices from £82K to £305K, average is £125K. £1.2K/m² to £4.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£121K02/210.17 mi12, St Lawrence Square, Sigglesthorne, Hull, East Riding Of Yorkshire HU11 5QB2
£130K10/200.18 mi3, Main Street, Sigglesthorne, Hull, East Riding Of Yorkshire HU11 5QA2
£180.3K09/220.22 miPark View, Old Lane, Sigglesthorne, Hull, East Riding Of Yorkshire HU11 5QF2
£105K08/220.61 mi4, Middle Lane, Seaton, Hull, East Riding Of Yorkshire HU11 5SE2
£125K01/230.63 miMay Rose Cottage, 6, Middle Lane, Seaton, Hull, East Riding Of Yorkshire HU11 5SE2
£112.5K10/200.64 mi3, Butcher Row, Seaton, Hull, East Riding Of Yorkshire HU11 5RB2
£91.7K10/220.66 mi1, Back Lane, Seaton, Hull, East Riding Of Yorkshire HU11 5SG2
£169.9K11/220.67 mi9, Back Lane, Seaton, Hull, East Riding Of Yorkshire HU11 5SG2
£82K03/210.69 mi1, Bewholme Lane, Seaton, Hull, East Riding Of Yorkshire HU11 5SF2
£85.5K10/220.69 mi2, Bewholme Lane, Seaton, Hull, East Riding Of Yorkshire HU11 5SF2
£140K04/212.46 mi7, Aldermans Way, Brandesburton, Driffield, East Riding Of Yorkshire YO25 8SG2
£224K05/232.51 miRandell, Church Lane, Brandesburton, Driffield, East Riding Of Yorkshire YO25 8QZ2
£265K10/222.56 mi32, Cheyne Walk, Hornsea, East Riding Of Yorkshire HU18 1BX2
£230K04/232.56 mi36, Main Street, Brandesburton, Driffield, East Riding Of Yorkshire YO25 8RL2
£305K10/222.66 miSheridan, Seaton Road, Hornsea, East Riding Of Yorkshire HU18 1BS2
£245K12/222.67 mi19, Mere View Avenue, Hornsea, East Riding Of Yorkshire HU18 1RR2
£158K06/232.83 mi34, Rawson Way, Hornsea, East Riding Of Yorkshire HU18 1DH2
£185K12/222.83 mi58, East Street, Leven, Beverley, East Riding Of Yorkshire HU17 5NG2
£122K09/212.83 mi2, Mereside Terrace, Hornsea, East Riding Of Yorkshire HU18 1AZ2
£120K09/222.85 mi14, Mount Pleasant, Hornsea, East Riding Of Yorkshire HU18 1DX2
£140K05/222.86 mi5, Mount Pleasant, Hornsea, East Riding Of Yorkshire HU18 1DX2
£125K02/212.86 mi31, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL2
£125K02/212.86 mi31, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL2
£125K02/212.86 mi31, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL2
£91K10/202.88 mi13, Eastgate View, Hornsea, East Riding Of Yorkshire HU18 1DT2
£155K04/212.89 mi47, East Street, Leven, Beverley, East Riding Of Yorkshire HU17 5NG2
£98K02/212.89 mi48, Marlborough Avenue, Hornsea, East Riding Of Yorkshire HU18 1UA2
£125K03/212.91 mi14, East Street, Leven, Beverley, East Riding Of Yorkshire HU17 5NG2
£125K05/212.91 mi58, East Street, Leven, Beverley, East Riding Of Yorkshire HU17 5NG2
£141K06/232.92 mi8, Ash Tree Garth, Long Riston, Hull, East Riding Of Yorkshire HU11 5JB2
£114K01/212.92 mi4, Ash Tree Garth, Long Riston, Hull, East Riding Of Yorkshire HU11 5JB2
£110K11/202.92 mi15, Stanley Avenue, Hornsea, East Riding Of Yorkshire HU18 1UQ2
£127.5K03/212.92 mi21, Stanley Avenue, Hornsea, East Riding Of Yorkshire HU18 1UQ2
£115K11/202.95 miDe-novo, Back Southgate, Hornsea, East Riding Of Yorkshire HU18 1BA2
£120K06/222.96 mi6, Southgate, Hornsea, East Riding Of Yorkshire HU18 1AQ2
£192.5K12/222.96 mi9, Edenfield Avenue, Hornsea, East Riding Of Yorkshire HU18 1UL2
£185K09/212.96 miGrasmere, Southgate, Hornsea, East Riding Of Yorkshire HU18 1RE2

Local Rents

2 rents from £750/mo to £795/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£79512/242.36 miBurton Fields, Brandesburton, Driffield, East Riding of Yorkshire, UK, YO252
£75012/242.41 miMain Street, Brandesburton, Driffield, East Riding of Yorkshi, YO253

Local Area Statistics

Population in HU11

12,361

Population in Hull

313,622

Town centre distance

10.51 miles away

Nearest school

0.10 miles away

Nearest train station

7.50 miles away

 

 

Rental growth (12m)

+101%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £175,000

March 17, 2025

Description

  • Great Potential +
  • Village Location +
  • 2 Bedrooms +
  • Terraced Property +
  • Off Street Parking +
  • Large Front and Rear Gardens +

Situated in a sought-after village location, this two-bedroom terraced home offers a fantastic opportunity for buyers looking to add their own touch. While the property is in need of some updating, it boasts great potential with its spacious layout and generous outdoor areas.
The home features off-road parking for two vehicles, a large front garden, and a long rear garden arranged in three stages, providing plenty of space for outdoor enjoyment. Conveniently located near a bus stop, this property offers both a peaceful setting and easy access to transport links.

The floorplan briefly comprises; entrance hall, lounge, kitchen, ground floor bathroom and conservatory. To the first floor, two bedrooms and family bathroom, with access to boarded loft space.

Ideal for first-time buyers, investors, or those looking for a project, this home is not to be missed! Contact us today to arrange a viewing.

EPC: Awaited
Council Tax: A
Tenure: Freehold

Front Garden - Grassed area and parking for two cars.

Entrance Hall - Entrance door, staircase to first floor, laminate flooring and radiator.

Gf Bathroom - 2.31 x 1.5 (7'6" x 4'11") - Window to side, pedestal hand wash basin, bath with shower over, W.C, partially tiled walls, extractor fan, vinyl flooring and radiator.

Lounge - 4.19 x 3.9 (13'8" x 12'9") - Window to front, arch leading to kitchen. Understairs cupboard, coving to ceiling, laminate flooring and radiator.

Kitchen - 5.13 x 2.7 (16'9" x 8'10") - Window to rear, a range of fitted wall and base units with complimentary work surfaces, stainless steel bowl sink with single drainer, built in electric hob and built in electric double oven. Space and plumbing for washing machine and dishwasher. Tiled flooring, part tiled walls, coving to ceiling and ceiling rose, electric heater.

Rear Hall - 1.55 x 0.9 (5'1" x 2'11") - Heated towel rail ad built in storage.

Conservatory - 2.89 x 2.71 (9'5" x 8'10") - Window to side and rear, patio doors. Laminate flooring.

First Floor Landing - Staircase to loft space.

Master Bedroom - 3.85 x 2.98 (12'7" x 9'9") - Window to front, built in wardrobes and large cupboard, laminate flooring, coving to ceiling and radiator.

Bedroom 2 - 2.79 x 2.66 (9'1" x 8'8") - Window to rear, built in wardrobes, laminate flooring and radiator.

Loft Space - 5.22 x 3.49 (17'1" x 11'5") - Velux window to rear, built in storage, storage to eaves, laminate flooring and radiator.

Bathroom - 2.97 x 2.42 (9'8" x 7'11") - Window to rear, wash hand basin and bidet in vanity unit. Macerator toilet, tiled walls and flooring.

Rear Garden - Laid mainly to lawn with paved patio area, part fenced boundaries, planted borders, garden shed, pond, electrics. Slopes down and dike at rear.

Agent Details

Our House Estate Agents, Hornsea

01964 775308

Next Steps?

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