2 Bed Terraced House, Single Let, Hull, HU9 5QU, £50,000

Frodsham Street, Hull, HU9 5QU - 10 days ago

Auction
BTL
ROI: 21%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£54.8K - £148K
Sold Prices/m²£724/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£61,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£500 - £775

Rent Estimate

£578

Running Costs/mo

£292

Cashflow/mo

£286

Cashflow/yr

£3,434

ROI

21%

Gross Yield

14%

Local Sold Prices

32 sold prices from £54.8K to £148K, average is £90K. £724/m² to £2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£54.8K04/230.03 mi17, Egypt Street, Hull, City Of Kingston Upon Hull HU9 5QZ2
£55K07/210.03 mi55, Delhi Street, Hull, Humberside HU9 5QR2
£79.5K02/230.21 mi1043, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£60K02/210.24 mi1061, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£77K07/230.24 mi1099, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£77K07/230.24 mi1099, Hedon Road, Hull, City Of Kingston Upon Hull HU9 5QJ2
£76K04/210.26 mi52, Ceylon Street, Hull, City Of Kingston Upon Hull HU9 5RE2
£96.5K02/230.64 mi279, Preston Road, Hull, City Of Kingston Upon Hull HU9 5AJ2
£95K02/230.66 mi6, Northorpe Close, Hull, City Of Kingston Upon Hull HU9 5AH2
£75.5K07/210.69 mi8, Horbury Avenue, Hull, City Of Kingston Upon Hull HU9 4QP2
£90K12/200.73 mi46, Westerdale Grove, Hull, City Of Kingston Upon Hull HU9 3UJ2
£148K01/210.79 mi492, Southcoates Lane, Hull, City Of Kingston Upon Hull HU9 3UB2
£103.5K07/210.84 mi28, Teesdale Avenue, Hull, City Of Kingston Upon Hull HU9 3UG2
£92K12/220.84 mi75, Wakefield Avenue, Hull, City Of Kingston Upon Hull HU9 4RD2
£115K09/210.87 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£115K09/210.87 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£127K06/230.89 mi39, Grantley Grove, Hull, City Of Kingston Upon Hull HU9 4RU2
£113K10/210.89 mi48, Swaledale Avenue, Hull, City Of Kingston Upon Hull HU9 3UE2
£95.5K01/210.91 mi5, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL2
£120K08/230.91 mi22, Cundall Close, Hull, City Of Kingston Upon Hull HU9 3AL2
£89.5K03/210.92 mi58, Ashwell Avenue, Hull, City Of Kingston Upon Hull HU9 5LJ2
£110K02/230.92 mi33, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL2
£85K11/200.94 mi13, Bedale Avenue, Hull, City Of Kingston Upon Hull HU9 3AN2
£55K12/220.97 mi145, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TA2
£102.5K01/210.98 mi148, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£92K03/210.98 mi113, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£134.5K12/220.98 mi129, Telford Street, Hull, City Of Kingston Upon Hull HU9 3DZ2
£85K04/210.98 mi73, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£90K04/210.98 mi49, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£82.5K03/210.98 mi15, Hopkins Street, Hull, City Of Kingston Upon Hull HU9 5XU2
£66.5K11/200.99 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£75K03/230.99 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2

Local Rents

14 rents from £500/mo to £775/mo, average is £620/mo.

RentDateDistanceAddressBeds 
£55004/240.06 miCarlton Avenue, Delhi St, Hull, HU92
£62504/240.06 miHedon Road, Hull2
£67504/250.21 mi-2
£62002/250.23 mi-2
£62002/250.23 mi-2
£62002/250.23 mi-2
£62002/250.23 mi-2
£70004/240.24 miHedon Road, HULL2
£72503/250.27 mi-2
£59504/240.3 miAcasta Way, Hull, East Riding Of Yorkshire, HU92
£59505/240.33 mi5 Acasta Way, Hull, HU9 5SE2
£77505/240.46 miPriestman Way, Dream, Hull, East Riding Of Yorkshire, HU92
£76505/240.46 miPriestman Way, Dream, Hull, East Riding Of Yorkshire, HU92
£50002/250.6 mi-2

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

3.43 miles away

Nearest school

0.30 miles away

Nearest train station

2.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £50,000

April 1, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • No onwards chain +
  • Ready to move into +
  • Council tax band: A +
  • Low maintenance yard +
  • Viewings highly advised +

SUMMARY
This well-presented two-bedroom mid-terrace home on Frodsham Street is perfect for first-time buyers or investors. With no work required, it's ready to move into or rent out immediately.

DESCRIPTION
Stepping inside, you're welcomed into a spacious open-plan living and dining area, offering a bright and versatile space for relaxation and entertaining. To the rear, the modern kitchen provides ample storage and workspace, leading to the conveniently located downstairs bathroom.

Upstairs, you'll find two generously sized bedrooms, both well-proportioned and neutrally decorated. Externally, the property benefits from a low-maintenance rear yard, ideal for those seeking an easy-to-manage outdoor space.

With its great location, move-in-ready condition, and strong rental potential, this home is not to be missed. Viewings are highly recommended-contact us today to arrange yours!

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Living Room 26' 5" max into bay x 11' 1" max ( 8.05m max into bay x 3.38m max )

Kitchen 11' 6" max x 6' 2" max ( 3.51m max x 1.88m max )

Rear Porch 

Bathroom 8' 1" max x 4' 6" max ( 2.46m max x 1.37m max )

Landing 

Bedroom 1 11' 3" max into bay x 10' 11" max ( 3.43m max into bay x 3.33m max )

Bedroom 2 10' 11" max x 8' 7" max ( 3.33m max x 2.62m max )

DIRECTIONS
Please see below map, or for further information, please contact the residential sales team on .

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Hull Holderness Road

01482 251615

Next Steps?

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