2 Bed Terraced House, Single Let, Hull, HU3 3HP, £60,000

Cadogan Street, Hull, HU3 3HP - 20 days ago

Auction
BTL
ROI: 9%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£50K - £135K
Sold Prices/m²£649/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£74,617
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£375 - £900

Rent Estimate

£430

Running Costs/mo

£294

Cashflow/mo

£137

Cashflow/yr

£1,638

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £135K, average is £81.5K. £649/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£64.5K06/230.06 mi16, Gordon Street, Hull, City Of Kingston Upon Hull HU3 3HN2
£60K12/200.06 mi24, Camden Street, Hull, City Of Kingston Upon Hull HU3 3JB2
£75K12/220.07 mi28, Carrington Street, Hull, City Of Kingston Upon Hull HU3 3HX2
£53K05/230.12 mi13, Airlie Street, Hull, City Of Kingston Upon Hull HU3 3JD2
£108K03/230.14 mi102, Redbourne Street, Hull, City Of Kingston Upon Hull HU3 3ET2
£68K03/230.19 mi9, Aylesford Street, Hull, City Of Kingston Upon Hull HU3 3JJ2
£63K07/210.2 mi14, Gee Street, Hull, City Of Kingston Upon Hull HU3 2SL2
£62K05/210.21 mi3, Albert Avenue, Hull, City Of Kingston Upon Hull HU3 3EG2
£65K12/200.26 mi42, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR2
£77K04/230.3 mi234, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE2
£69K03/230.34 mi18, Wells Street, Hull, City Of Kingston Upon Hull HU3 6BN2
£63K07/230.35 mi59, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BJ2
£125K12/220.37 mi48, Edinburgh Street, Hull, City Of Kingston Upon Hull HU3 5AR2
£101.1K08/220.45 mi1, Bentley Court, Hull, City Of Kingston Upon Hull HU3 6BZ2
£90K07/230.46 mi1, Cherry Garth, Hull, City Of Kingston Upon Hull HU3 5RQ2
£80K11/200.49 mi11, Vauxhall Grove, Hull, City Of Kingston Upon Hull HU3 2QY2
£100K01/230.5 mi55, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BU2
£95K05/210.5 mi85, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BU2
£55K05/210.58 mi43, White Street, Hull, Humberside HU3 5PS2
£80K03/230.65 mi87, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PH2
£130K02/230.66 mi10, Westbrick Avenue, Hull, City Of Kingston Upon Hull HU3 5QJ2
£92.5K04/210.73 mi52, West Parade, Hull, City Of Kingston Upon Hull HU3 1BX2
£84.1K10/210.75 mi105, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU2
£115K01/230.75 mi105, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU2
£105K05/230.8 mi2, Plowden Road, Hull, City Of Kingston Upon Hull HU3 5QP2
£66K04/210.81 mi13, Pitt Street, Hull, City Of Kingston Upon Hull HU3 6PN2
£125K08/220.83 mi17, Brockton Close, Hull, City Of Kingston Upon Hull HU3 5QH2
£95K11/200.83 mi3, Brockton Close, Hull, City Of Kingston Upon Hull HU3 5QH2
£52K04/210.84 mi21, Chatham Street, Hull, City Of Kingston Upon Hull HU3 6PP2
£52K04/210.84 mi21, Chatham Street, Hull, City Of Kingston Upon Hull HU3 6PP2
£65K01/210.87 mi155, De La Pole Avenue, Hull, Humberside HU3 6RE2
£128K01/230.89 mi54, Kempton Road, Hull, City Of Kingston Upon Hull HU3 6UF2
£135K02/230.9 mi24, Sunningdale Road, Hull, City Of Kingston Upon Hull HU4 6JB2
£123K11/200.9 mi3, Sunningdale Road, Hull, City Of Kingston Upon Hull HU4 6JB2
£115K01/230.93 mi89, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SB2
£117.5K05/210.93 mi26, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XJ2
£95K02/210.93 mi80, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XJ2
£70K08/210.94 mi201, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RF2
£80K03/210.94 mi207, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RF2
£74K05/210.94 mi15, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LX2
£105K02/230.94 mi127, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB2
£87.5K03/210.94 mi113, Thoresby Street, Hull, City Of Kingston Upon Hull HU5 3RB2
£100K02/230.95 mi83, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LZ2
£50K11/210.95 mi42, Devon Street, Hull, City Of Kingston Upon Hull HU4 6PL2
£50K03/210.95 mi43, Devon Street, Hull, Humberside HU4 6PL2
£67.5K04/210.95 mi68, Devon Street, Hull, City Of Kingston Upon Hull HU4 6PL2
£62K06/230.95 mi66, Devon Street, Hull, City Of Kingston Upon Hull HU4 6PL2
£112.5K06/210.95 mi75, Roslyn Road, Hull, City Of Kingston Upon Hull HU3 6XQ2
£100K08/210.96 mi46, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY2
£83K07/210.96 mi36, Wharncliffe Street, Hull, City Of Kingston Upon Hull HU5 3LY2

Local Rents

37 rents from £375/mo to £900/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£65010/240.01 mi-2
£59004/250.06 mi-2
£67511/230.07 mi-2
£60003/250.12 mi-2
£52505/240.13 miAylesford Street, Hull, East Riding of Yorkshire, HU32
£59504/240.13 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£59505/240.13 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£59504/240.13 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£65010/240.13 mi-2
£49503/250.13 mi-2
£62505/240.15 miRenaissance House, 49 Boulevard, Hull, HU3 2TS2
£65012/240.15 mi-2
£70005/240.16 mi-2
£60012/240.17 mi-2
£60003/240.17 mi-2
£62505/240.21 miAvenue Crescent, Albemarle Street, Hull, East Riding Of Yorkshire, HU32
£70003/250.22 mi-2
£62504/240.22 miAlbert Avenue, Wellsted Street, Hull2
£72503/250.22 mi-2
£72503/250.22 mi-2
£55010/240.25 mi-2
£67004/250.25 mi-2
£64004/250.26 mi-2
£66305/240.28 miColtman Street, Hull, East Riding Of Yorkshire, HU32
£67504/250.31 mi-2
£65001/250.36 mi-2
£48502/240.37 mi-2
£48502/240.37 mi-2
£37504/240.37 miFlat 2 8 Granville Street, Hull, HU32
£65004/240.38 miRoyal Mews, Hull, East Riding Of Yorkshire, HU32
£55005/240.4 miBarberry Court, Hull, HU3 2QX2
£55905/240.43 miLinnaeus Street, Hull, East Riding Of Yorkshire, HU32
£62001/250.46 mi-2
£90004/250.49 miAnchor Court, Anlaby Road, HU3 2PB2
£49512/240.5 miPlane Street, Hull, East Riding Of Yorkshire, HU32
£72504/250.52 mi-2
£62504/240.57 miWhite St, Hull, HU32

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £60,000

March 28, 2025

Floor Plans

Description

  • Modern Method of Auction +
  • No Onward Chain +
  • Investment Opportunity +
  • 2 Double Bedrooms +
  • Ideal Buy-To-Let +
  • 2 Reception Rooms +
  • Scope to Improve +
  • EPC = TBC +

*Modern Method of Auction*
This two-bedroom, two-reception room terraced property presents an excellent investment opportunity. Situated in a sought-after location, it offers great potential for rental income or refurbishment. The property features spacious living areas, a well-proportioned kitchen, and a private rear garden. With strong transport links and local amenities nearby, this home is ideal for investors looking to expand their portfolio.

Auctioneer Comments. - This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Ground Floor; -

Living Room - 3.18m x 2.90m (10'5 x 9'6) - A generous living space with window to the front elevation, two storage cupboards and a feature fireplace.

Sitting Room - 4.45m x 3.20m (14'7 x 10'6 ) - A further reception space with staircase off and window to the rear elevation.

Kitchen - 2.84m x 1.70m (9'4 x 5'7 ) - With a wall and base units, laminated work surfaces and a sink unit, tow windows ot the side elevation.

Rear Lobby - Providing access to the WC and has utility cupboard off.

Wc - With low flush WC.

First Floor; -

Bedroom 1 - 3.20m x 2.92m (10'6 x 9'7 ) - A bedroom of double proportions with window to the front elevation, a storage cupboard, a wardrobe and a feature fireplace.

Bedroom 2 - 3.20m x 2.92m (10'6 x 9'7 ) - A further double bedroom with window to the rear elevation.

Shower Room - With shower enclosure, sink unit and window to the side elevation.

External; - Courtyard to the rear.

General Information - SERVICES - Mains water, electricity, gas and drainage are connected to the property.
DOUBLE GLAZING - The property has the benefit of replacement PVC double glazed frames.
SECURITY - The property has the benefit of an installed burglar alarm system.
COUNCIL TAX - From a verbal enquiry/online check we are led to believe that the Council Tax band for this property is Band A (Hull City Council). We would recommend a purchaser make their own enquiries to verify this.
VIEWING - Strictly by appointment with the sole agents.
FIXTURES & FITTINGS - Carpets, curtains & light fittings may be purchased with the property and these will be specified upon inspection but would be subject to separate negotiation.

Tenure - We understand that the property is Freehold.

Auction Viewings - Viewings are conducted through Philip Bannister & Co. Please note that when booking a viewing at an auction property, your personal data—including your name, address, telephone number, and email address—will be shared with Iamsold. Following the viewing, an auction specialist from their team will contact you to discuss the property.

Mortgages - The mortgage market changes rapidly and it is vitally important you obtain the right advice regarding the best mortgage to suit your circumstances.
We are able to offer professional independent Mortgage Advice without any obligation. A few minutes of your valuable time could save a lot of money over the period of the Mortgage.
Professional Advice will be given by Licensed Credit Brokers. Written quotations on request. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Thinking Of Selling? - We would be delighted to offer a FREE - NO OBLIGATION appraisal of your property and provide realistic advice in all aspects of the property market. Whether your property is not yet on the market or you are experiencing difficulty selling, all appraisals will be carried out with complete confidentiality.

Agents Notes - Philip Bannister & Co.Ltd for themselves and for the vendors or lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute any part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct and any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of Philip Bannister & Co.Ltd has any authority to make or give any representation or warranty whatever in relation to this property. If there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information, particularly if you contemplate travelling some distance to view the property.
Philip Bannister & Co.Ltd advise they do not test fitted appliances, electrical and plumbing installation or central heating systems, nor have they undertaken any type of survey on this property. These particulars are issued on the strict understanding that all negotiations are conducted through Philip Bannister & Co.Ltd. And prospective purchasers should check on the availability of the property prior to viewing, Photograph Disclaimer - In order to capture the features of a particular room we will mostly use wide angle lens photography. This will sometimes distort the image slightly and also has the potential to make a room look larger. Please therefore refer also to the room measurements detailed within this brochure.
In compliance with NTSTEAT Guidance on Referral Fees, the agent confirms that vendors and prospective purchasers will be offered estate agency and other allied services for which certain referral fees/commissions may be made available to the agent. Services the agent and/or a connected person may earn referral fees/commissions from Financial Services, Conveyancing and Surveys. Typical Financial Services referral fee KC Mortgages £200, Typical Conveyancing Referral Fee: Graham & Rosen £150 (£125+VAT). Hamers £120 (£100+VAT), Lockings Solicitors £120 (£100+VAT), Eden & Co £180 (£150.00+VAT)

Agent Details

Philip Bannister & Co, Hessle

01482 251643

Next Steps?

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