3 Bed Semi-Detached House, Refurb/BRRR, Hornsea, HU18 1SN, £157,500

11 Beresford Avenue, Hornsea, HU18 1SN - 12 days ago

Refurb/BRRR
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£69.5K - £415K
Sold Prices/m²£827/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£162,225
BMV3%

 

 

End Value (After Refurb)

£179,858

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,375

Stamp Duty & Legal Fees

£9,075

Refurb Costs

£37,414

Bridging Loan Interest

£4,134

Total Cash In

£91,748

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£179,858

Mortgage (After Refinance)

£134,894

Mortgage LTV

75%

Cash Released

£16,769

Cash Left In

£74,979

Equity

£44,965

Rent Range

£350 - £1,350

Rent Estimate

£672

Running Costs/mo

£716

Cashflow/mo

£-44

Cashflow/yr

£-533

Gross Yield

5%

Local Sold Prices

50 sold prices from £69.5K to £415K, average is £182.5K. £827/m² to £4.7K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£125K10/200.05 mi28, The Crescent, Hornsea, East Riding Of Yorkshire HU18 1SP3
£148K12/220.1 mi10, Ebor Avenue, Hornsea, East Riding Of Yorkshire HU18 1SR3
£109.6K10/200.11 mi8, Burton Lane, Hornsea, East Riding Of Yorkshire HU18 1TN3
£129.9K05/210.13 mi3, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1TD3
£69.5K01/230.13 mi5, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1TD3
£180K09/210.18 mi10, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1UF3
£205K12/220.19 miSt Joan, Southgate, Hornsea, East Riding Of Yorkshire HU18 1RH3
£169.9K12/220.23 mi56, Pickering Avenue, Hornsea, East Riding Of Yorkshire HU18 1TR3
£132K10/200.25 mi18, The Birches, Hornsea, East Riding Of Yorkshire HU18 1TX3
£155K04/210.27 mi27, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£205K12/200.27 mi13, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£200K02/210.27 mi5, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£169K02/210.27 mi58, Marlborough Avenue, Hornsea, East Riding Of Yorkshire HU18 1UA3
£195K11/210.28 mi14, Tranmere Park, Hornsea, East Riding Of Yorkshire HU18 1QZ3
£230K11/220.29 mi8, Cherry Close, Hornsea, East Riding Of Yorkshire HU18 1TU3
£195.9K09/220.29 mi1, Beechwood, Hornsea, East Riding Of Yorkshire HU18 1RZ3
£165K02/210.29 mi5, Beechwood, Hornsea, East Riding Of Yorkshire HU18 1RZ3
£175K01/230.29 mi7, Beechwood, Hornsea, East Riding Of Yorkshire HU18 1RZ3
£165K10/220.31 mi20, Stanley Avenue, Hornsea, East Riding Of Yorkshire HU18 1UG3
£192.5K08/220.31 mi29, Tansley Lane, Hornsea, East Riding Of Yorkshire HU18 1TS3
£197.5K12/200.31 mi10, Cedar Close, Hornsea, East Riding Of Yorkshire HU18 1TY3
£253K05/230.32 mi60, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1UN3
£187K06/220.32 mi1, Football Green, Hornsea, East Riding Of Yorkshire HU18 1RA3
£286.9K09/220.35 mi32, Hull Road, Hornsea, East Riding Of Yorkshire HU18 1RL3
£220K10/200.37 mi8, Greenacre Park, Hornsea, East Riding Of Yorkshire HU18 1UW3
£295K03/230.37 mi44, Greenacre Park, Hornsea, East Riding Of Yorkshire HU18 1UW3
£255K06/210.37 mi56, Greenacre Park, Hornsea, East Riding Of Yorkshire HU18 1UW3
£106.3K11/200.37 mi29, Southgate Gardens, Hornsea, East Riding Of Yorkshire HU18 1RB3
£165K06/230.4 mi18, Queens Gardens, Hornsea, East Riding Of Yorkshire HU18 1AU3
£128K07/210.4 mi5, King Street, Hornsea, East Riding Of Yorkshire HU18 1RD3
£192K07/220.41 mi2, Queens Gardens, Hornsea, East Riding Of Yorkshire HU18 1AU3
£196K08/220.41 mi18, Lindale Avenue, Hornsea, East Riding Of Yorkshire HU18 1RN3
£192K02/210.43 mi44, Southgate, Hornsea, East Riding Of Yorkshire HU18 1AL3
£120K04/230.44 mi14, Desmond Avenue, Hornsea, East Riding Of Yorkshire HU18 1AF3
£105K10/220.44 mi1, Desmond Avenue, Hornsea, East Riding Of Yorkshire HU18 1AF3
£165K01/230.44 mi10, Desmond Avenue, Hornsea, East Riding Of Yorkshire HU18 1AF3
£143K03/210.45 miMeadow View, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB3
£225K04/210.45 mi19, Eastbourne Road, Hornsea, East Riding Of Yorkshire HU18 1QS3
£153.5K01/230.46 mi3, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB3
£162.5K12/200.47 mi45, Rawson Way, Hornsea, East Riding Of Yorkshire HU18 1DH3
£163K10/200.47 mi32, Rawson Way, Hornsea, East Riding Of Yorkshire HU18 1DH3
£335K02/230.55 miHillcroft, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1XG3
£185K08/210.57 mi8, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1LL3
£295K08/230.58 miRoutenburn, Strawberry Gardens, Hornsea, East Riding Of Yorkshire HU18 1US3
£415K12/200.58 miFoss Dene, Strawberry Gardens, Hornsea, East Riding Of Yorkshire HU18 1US3
£155K06/210.6 miConingsby House, Back Westgate, Hornsea, East Riding Of Yorkshire HU18 1BL3
£332.5K10/200.62 miWindward, Rolston Road, Hornsea, East Riding Of Yorkshire HU18 1XG3
£120K04/210.62 mi16, Westgate, Hornsea, East Riding Of Yorkshire HU18 1BP3
£369.9K03/230.7 mi72, Eastgate, Hornsea, East Riding Of Yorkshire HU18 1LW3
£215K12/220.8 miCherry Tree House, Atwick Road, Hornsea, East Riding Of Yorkshire HU18 1EG3

Local Rents

28 rents from £350/mo to £1.4K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69504/240.23 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£80004/240.23 miBeckside, Hornsea2
£75001/250.25 mi-3
£85001/250.33 mi-2
£1,35005/240.47 mi-2
£1,35008/240.47 mi-2
£37004/240.49 miNewbegin, Hornsea, HU181
£37004/240.49 mi-1
£42003/240.49 mi-1
£50002/250.49 mi-1
£37005/240.49 mi-1
£35003/250.49 mi-1
£37012/240.49 mi-1
£45003/250.49 mi-1
£87504/240.49 miStrickland Drive, Hornsea3
£87504/240.54 miStrickland Drive, Hornsea3
£69504/240.55 miBroadway, Hornsea1
£67505/240.55 miRailway Street, Hornsea2
£57504/240.55 miBroadway, Hornsea1
£47505/240.57 mi-1
£47503/250.57 mi-1
£47504/240.57 miNew Road, Hornsea, HU181
£70004/240.58 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£70005/240.58 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£79504/240.96 miCliff Terrace, Hornsea4
£77503/250.99 mi-3
£79506/231.11 mi-3
£85008/241.11 mi-3

Local Area Statistics

Population in HU18

8,603

Town centre distance

0.85 miles away

Nearest school

0.20 miles away

Nearest train station

10.64 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £157,500

March 18, 2025

Floor Plans

Description

  • SEMI DETACHED +
  • 3 BEDROOMS +
  • AMPLE OFF STREET PARKING +
  • POPULAR LOCATION +

Located in a popular family orientated area of Hornsea this three bedroom, traditional brick built semi-detached property offers great potential.
Featuring generous living spaces, a large rear garden, and a driveway with parking for up to three cars, it’s ideal for families or investors looking to add value. Close to schools, local amenities, and excellent transport links, this home provides both convenience and potential. With scope for modernisation, it’s the perfect blank canvas to create your dream home.

The floorplan briefly comprises; entrance hall, lounge, sitting/ dining room, kitchen, utility. To the first floor, master bedroom and two further bedrooms, family bathroom. To the front, parking for three and garden to the rear.

EPC: Awaited.
Council Tax: A
Tenure: Freehold

Front Garden - Brick paved driveway with parking for 3 cars and a dropped curb.

Entrance Hall - Entrance door, window to front of property, staircase to first floor, under stairs cupboard, radiator.

Sitting/Dining Room - 3.92 x 3.29 (12'10" x 10'9") - Window to front and side of property, open traditional fireplace, radiator, laminate flooring.

Lounge - 3.98 x . 3.81 (13'0" x . 12'5") - Bay window to rear of property, original open fireplace, radiator, carpeted.

Kitchen - 3.37 x 1.74 (11'0" x 5'8") - Windows to side and rear of property, fitted wall and base units, work surfaces, stainless bowl sink and single drainer, built in electric oven and hob, part tiled walls, extractor fan, vinyl flooring, space for under counter fridge, boiler.

Utility - 2.79 x 1.8 (9'1" x 5'10") - Two windows to side of property, door to garden, space and plumbing for washer and dryer, vinyl flooring, space for fridge freezer.

First Floor Landing - Window to front of property, cupboard, radiator, loft access.

Master Bedroom - 3.94 x 3.67 (12'11" x 12'0") - Window to rear of property, original fireplace, built in cup[boards, radiator, carpeted.

Bedroom 2 - 3.66 x 2.64 (12'0" x 8'7") - Window to rear of property, built in cupboard, radiator, carpeted.

Bedroom 3 - 2.88 x 2.41 (9'5" x 7'10") - Window to front of property, built in cupboard, radiator, carpeted.

Shower Room - 2.04 x 1.69 (6'8" x 5'6") - Window to front of property, W.C and hand wash basin in vanity unit, step in shower with cladding to walls, heated towel rail, vinyl flooring.

Rear Garden - Mainly paved with part artificial lawn and gravelled areas, fenced boundaries, raised decking and brick built shed.

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 💪

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