2 Bed Terraced House, Single Let, Hull, HU5 3PN, £60,000

Blenheim Street, Hull, HU5 3PN - 3 views - a month ago

Auction

BTL

ROI: 12%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£52K - £220K
Sold Prices/m²	£765/m² - £2.4K/m²

Square Metres	~68.11 m²
Price/m²	£881/m²
Value Estimate	£73,200£73,200
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£19,200£19,200

Cash Out
Rent Range	£550 - £950£550 - £950
Rent Estimate	£505
Running Costs/mo	£309£309
Cashflow/mo	£197£197
Cashflow/yr	£2,358£2,358
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £52K to £220K, average is £96K. £765/m² to £2.4K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£80K	03/21	0.04 mi	186, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LT	£1,026	78	2	Terraced House
£125K	10/21	0.05 mi	55, Hardwick Street, Hull, City Of Kingston Upon Hull HU5 3PJ	£1,539	81	2	Terraced House
£100K	03/21	0.07 mi	132, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RN	£1,251	80	2	Terraced House
£100K	05/23	0.07 mi	114, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RN	£1,493	67	2	Terraced House
£91.5K	06/21	0.09 mi	105, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RJ	£1,271	72	2	Terraced House
£90K	05/23	0.11 mi	11, Renfrew Street, Hull, City Of Kingston Upon Hull HU5 3NP	£1,606	56	2	Terraced House
£82.5K	09/21	0.12 mi	4, Roxburgh Street, Hull, City Of Kingston Upon Hull HU5 3NR	£1,557	53	2	Terraced House
£100K	08/21	0.12 mi	46, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY	-	-	2	Terraced House
£83K	07/21	0.12 mi	36, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY	£1,307	64	2	Terraced House
£105K	02/23	0.12 mi	127, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB	£1,487	71	2	Terraced House
£87.5K	03/21	0.12 mi	113, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB	£1,136	77	2	Terraced House
£74K	05/21	0.14 mi	15, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LX	£1,370	54	2	Terraced House
£115K	01/23	0.16 mi	89, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SB	£1,554	74	2	Terraced House
£78.8K	11/21	0.18 mi	11, Selkirk Street, Hull, City Of Kingston Upon Hull HU5 3NS	£1,406	56	2	Terraced House
£100K	02/23	0.18 mi	83, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LZ	£1,471	68	2	Terraced House
£100K	12/20	0.2 mi	9, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP	£1,205	83	2	Terraced House
£122.5K	05/21	0.2 mi	75, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP	£1,441	85	2	Terraced House
£133K	06/23	0.2 mi	77, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RH	-	-	2	Terraced House
£135.5K	12/21	0.21 mi	99, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR	£1,673	81	2	Terraced House
£80K	12/20	0.21 mi	117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR	£889	90	2	Terraced House
£113.2K	05/23	0.21 mi	117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR	£1,258	90	2	Terraced House
£101K	10/21	0.21 mi	139, Newstead Street, Hull, Humberside HU5 3NF	£1,263	80	2	Terraced House
£94K	01/21	0.21 mi	126, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3NA	£1,567	60	2	Terraced House
£90K	04/23	0.22 mi	64, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ	£1,341	67	2	Terraced House
£112.5K	03/21	0.22 mi	54, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ	£1,520	74	2	Terraced House
£81K	03/23	0.31 mi	7, Hildas Avenue, Hull, City Of Kingston Upon Hull HU5 3UJ	£1,350	60	2	Terraced House
£110K	01/23	0.34 mi	113, Perth Street West, Hull, City Of Kingston Upon Hull HU5 3UN	£1,358	81	2	Terraced House
£90K	01/23	0.34 mi	5, Warneford Gardens, Hull, City Of Kingston Upon Hull HU5 3SX	£1,475	61	2	Terraced House
£98K	12/20	0.34 mi	23, Warneford Gardens, Hull, City Of Kingston Upon Hull HU5 3SX	£1,273	77	2	Terraced House
£82K	05/21	0.34 mi	141, Perth Street West, Hull, City Of Kingston Upon Hull HU5 3UN	£1,492	55	2	Terraced House
£115K	09/21	0.41 mi	36, Dundee Street, Hull, City Of Kingston Upon Hull HU5 3TY	£1,855	62	2	Terraced House
£158K	06/21	0.45 mi	131, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ	-	-	2	Terraced House
£142K	07/21	0.45 mi	129, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ	-	-	2	Terraced House
£105K	03/23	0.54 mi	112, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BS	£1,856	57	2	Terraced House
£83.5K	01/21	0.57 mi	53, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH	£994	84	2	Terraced House
£100K	02/23	0.57 mi	27, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH	£1,156	87	2	Terraced House
£60K	10/21	0.61 mi	25, Marshall Street, Hull, City Of Kingston Upon Hull HU5 3DA	£896	67	2	Terraced House
£110K	11/21	0.63 mi	59, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AN	£1,146	96	2	Terraced House
£92.5K	05/23	0.63 mi	209, National Avenue, Hull, City Of Kingston Upon Hull HU5 4JB	£1,423	65	2	Terraced House
£132K	03/23	0.63 mi	257, National Avenue, Hull, City Of Kingston Upon Hull HU5 4JB	-	-	2	Terraced House
£87K	08/21	0.63 mi	219, National Avenue, Hull, City Of Kingston Upon Hull HU5 4JB	-	-	2	Terraced House
£68K	01/21	0.63 mi	246, De La Pole Avenue, Hull, Humberside HU3 6RJ	£986	69	2	Terraced House
£52K	04/21	0.64 mi	21, Chatham Street, Hull, City Of Kingston Upon Hull HU3 6PP	£765	68	2	Terraced House
£52K	04/21	0.64 mi	21, Chatham Street, Hull, City Of Kingston Upon Hull HU3 6PP	£765	68	2	Terraced House
£220K	07/21	0.65 mi	48, Bricknell Avenue, Hull, City Of Kingston Upon Hull HU5 4JS	£2,444	90	2	Detached House
£150K	11/22	0.66 mi	42, Kirkham Drive, Hull, City Of Kingston Upon Hull HU5 2BT	£2,000	75	2	Semi-Detached House
£92.5K	04/21	0.66 mi	52, West Parade, Hull, City Of Kingston Upon Hull HU3 1BX	£1,285	72	2	Terraced House
£66K	04/21	0.66 mi	13, Pitt Street, Hull, City Of Kingston Upon Hull HU3 6PN	£931	71	2	Terraced House
£70K	08/21	0.66 mi	201, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RF	-	-	2	Terraced House
£80K	03/21	0.66 mi	207, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RF	£1,404	57	2	Terraced House

Local Rents

51 rents from £550/mo to £950/mo, average is £675/mo.

Rent	Date	Distance	Address	Beds	Type
£750	04/24	0.04 mi	-	2	Semi-Detached House
£750	02/25	0.05 mi	-	2	Terraced House
£750	12/24	0.05 mi	-	2	Terraced House
£650	05/24	0.07 mi	Belvoir Street, Princes Avenue, HU5	2	Terraced House
£650	04/24	0.08 mi	-	2	Terraced House
£750	05/24	0.08 mi	Belvoir Street, Hull	2	Terraced House
£750	04/25	0.09 mi	-	2	Terraced House
£675	03/25	0.12 mi	-	2	Terraced House
£675	04/24	0.13 mi	Blenheim Street, Hull	2	House
£650	04/24	0.13 mi	Perth Street, HULL, HU5 3NL	2	Terraced House
£625	04/24	0.13 mi	-	2	Terraced House
£600	05/24	0.13 mi	Clumber Street, Hull, East Riding of Yorkshire, HU5	2	Terraced House
£950	12/24	0.14 mi	-	2	Terraced House
£550	05/24	0.15 mi	Wharncliffe Street, Hull	2	Terraced House
£650	04/24	0.16 mi	Selkirk Street, Hull	2	Terraced House
£650	04/24	0.17 mi	35 Blenheim Street	2	Terraced House
£625	03/24	0.2 mi	-	2	Terraced House
£660	12/24	0.2 mi	-	2	Terraced House
£895	04/24	0.22 mi	-	2	Terraced House
£895	04/24	0.22 mi	Clumber Street, Hull, HU5	2	Terraced House
£775	04/24	0.22 mi	-	2	Flat
£850	06/24	0.24 mi	-	2	Terraced House
£850	06/24	0.24 mi	-	2	Terraced House
£950	04/24	0.24 mi	Thoresby Street, Hull, HU5	2	Terraced House
£950	05/24	0.24 mi	Thoresby Street, Hull, HU5	2	Terraced House
£700	05/24	0.24 mi	Princes Avenue, HULL	2	Flat
£625	04/24	0.24 mi	Perth Street, HULL, HU5 3NZ	2	Flat
£625	05/24	0.24 mi	Perth Street, HULL, HU5 3NZ	2	Flat
£550	05/24	0.27 mi	-	2	Terraced House
£550	05/24	0.27 mi	Perth Street West, Hull, HU5	2	Terraced House
£650	04/24	0.29 mi	-	2	Terraced House
£650	11/24	0.29 mi	-	2	Terraced House
£650	04/25	0.31 mi	-	2	Terraced House
£625	04/24	0.31 mi	-	2	Terraced House
£650	01/25	0.36 mi	-	2	Terraced House
£650	12/24	0.36 mi	-	2	Flat
£685	04/25	0.36 mi	-	2	Flat
£775	02/25	0.36 mi	-	2	Flat
£600	04/24	0.37 mi	Perth Street West, HU5	2	Terraced House
£625	02/25	0.38 mi	-	2	Terraced House
£795	04/25	0.4 mi	-	2	Flat
£890	04/25	0.4 mi	-	2	Flat
£725	05/24	0.41 mi	Westbourne Avenue West, Hull, HU5 3JE	2	Terraced House
£550	12/24	0.41 mi	-	2	Terraced House
£575	05/24	0.41 mi	Sanderson Close, Ella Street, Hull	2	Flat
£700	12/24	0.41 mi	-	2	Flat
£600	12/24	0.43 mi	-	2	Semi-Detached House
£695	12/24	0.46 mi	-	2	Terraced House
£875	06/24	0.46 mi	-	2	Flat
£875	04/25	0.46 mi	-	2	Flat
£875	05/24	0.46 mi	Ground Floor, Hull, HU3	2	Flat

Local Area Statistics

Population in HU5	51,12051,120
Population in Hull	313,622313,622
Town centre distance	0.69 miles away0.69 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.15 miles away1.15 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+25%+25%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+24%+24%

Property History

Listed for £60,000

March 18, 2025

Floor Plans

Description

This two-bedroom mid-terrace property is offered with an AST tenant in situ. The accommodation comprises a lounge, dining area, kitchen and bathroom on the ground floor. On the first floor, a landing area provides access to two bedrooms. Currently let on an AST (Assured Shorthold Tenancy), the property generates a gross income of £6,060 per annum. The property benefits from gas-fired central heating and uPVC double glazing but would benefit from some cosmetic refurbishment. Location Situated in a popular location, the property benefits from nearby transport links and is close to local schools. Additionally, situated close to shops, supermarkets, cafes, bars, and restaurants. Accommodation Ground Floor: Lounge, Dining Area, Kitchen, Bathroom First Floor: Landing, Bedroom 1, Bedroom 2 **Outside ** Rear garden.

**Council Tax ** The property is a Band A and Council Tax is payable to Hull City Council. EPC D. Services Understood to be connected to mains electricity, gas, water and drainage but the services have not been tested. Tenure Freehold. The property is subject to existing tenancies - please see the legal pack for details. Viewings Strictly by appointment with the Auctioneers on . Method of Sale The property will be offered for sale by online auction with bidding commencing at 1pm on Monday 7th April 2025 and closing on Tuesday 8th April 2025 at 1 pm. For further legal information relating to this lot and to register to bid, please go to auctionhouse.co.uk/hullandeastyorkshire. Conditions of Sale The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction. Additional Fees The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT) and a buyer’s premium of £1,200 (£1,000 + VAT) in addition to the purchase price of the property. Guide Price Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Disbursements Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion. Online Bidding If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c

Agent Details

Auction House, Driffield

01377 310913

Next Steps?

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

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ValuationUndervalued

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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