3 Bed Terraced House, Refurb/BRRR, Hull, HU6 7JX, £120,000

Desmond Avenue, Hull, HU6 7JX - 1 views - 16 days ago

Refurb/BRRR
ROI: 2%
~93 m²

ValuationFair Value

Sold Prices£75.5K - £250K
Sold Prices/m²£932/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£120,000

 

 

End Value (After Refurb)

£151,723

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£37,200

Bridging Loan Interest

£3,150

Total Cash In

£79,300

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,723

Mortgage (After Refinance)

£113,793

Mortgage LTV

75%

Cash Released

£23,793

Cash Left In

£55,507

Equity

£37,931

Rent Range

£433 - £1,375

Rent Estimate

£801

Running Costs/mo

£654

Cashflow/mo

£147

Cashflow/yr

£1,760

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £75.5K to £250K, average is £154K. £932/m² to £2.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£179.9K09/210.01 mi61, Desmond Avenue, Hull, City Of Kingston Upon Hull HU6 7JX3
£142.5K12/210.08 mi49, Ormonde Avenue, Hull, City Of Kingston Upon Hull HU6 7LX3
£166K11/220.08 mi38, Ormonde Avenue, Hull, City Of Kingston Upon Hull HU6 7LY3
£142K02/210.08 mi16, Ormonde Avenue, Hull, City Of Kingston Upon Hull HU6 7LY3
£128K07/230.08 mi22, Ormonde Avenue, Hull, City Of Kingston Upon Hull HU6 7LY3
£148K12/220.09 mi30, Desmond Avenue, Hull, City Of Kingston Upon Hull HU6 7JZ3
£187K11/220.09 mi47, Desmond Avenue, Hull, City Of Kingston Upon Hull HU6 7JY3
£220K11/220.1 mi10, Desmond Avenue, Hull, City Of Kingston Upon Hull HU6 7JZ3
£140K08/230.13 mi35, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR3
£130K08/210.13 mi57, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR3
£155K10/210.15 mi55, Ormonde Avenue, Hull, City Of Kingston Upon Hull HU6 7LT3
£136K12/200.17 mi19, Heathcote Street, Hull, City Of Kingston Upon Hull HU6 7LP3
£160K07/210.23 mi12, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB3
£153K04/210.23 mi28, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB3
£186.3K05/230.23 mi51, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB3
£250K08/210.23 mi38, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA3
£201K07/230.23 mi46, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA3
£131K08/210.27 mi95, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£120K11/200.27 mi82, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£110K03/230.27 mi133, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£180K12/200.27 mi125, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JP3
£75.5K02/210.28 mi16, Haworth Street, Hull, City Of Kingston Upon Hull HU6 7RQ3
£100K05/210.29 mi58, Inglemire Avenue, Hull, City Of Kingston Upon Hull HU6 7TE3
£250K07/230.31 mi1, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD3
£85K01/210.32 mi35, Haworth Street, Hull, Humberside HU6 7RG3
£94.5K05/230.34 mi54, Clough Road, Hull, City Of Kingston Upon Hull HU5 1QL3
£225K01/230.37 mi39, Inglemire Avenue, Hull, City Of Kingston Upon Hull HU6 7TG3
£210K03/210.37 mi39, Inglemire Avenue, Hull, City Of Kingston Upon Hull HU6 7TG3
£229.5K03/230.41 mi91, Auckland Avenue, Hull, City Of Kingston Upon Hull HU6 7SH3
£210K01/210.41 mi72, Auckland Avenue, Hull, City Of Kingston Upon Hull HU6 7SH3
£210K02/230.41 mi66, Riversdale Road, Hull, City Of Kingston Upon Hull HU6 7HB3
£230K11/200.43 mi111, Auckland Avenue, Hull, City Of Kingston Upon Hull HU6 7SJ3
£208K04/210.45 mi67, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TP3
£160K02/230.47 mi10, Silverdale Road, Hull, City Of Kingston Upon Hull HU6 7HQ3
£157.5K04/230.47 mi73, Silverdale Road, Hull, City Of Kingston Upon Hull HU6 7HF3
£141.5K07/210.47 mi119, Silverdale Road, Hull, City Of Kingston Upon Hull HU6 7HF3
£124K03/230.48 mi7, Houston Drive, Hull, City Of Kingston Upon Hull HU5 1NJ3
£175K10/210.48 mi131, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7SS3
£146K11/200.48 mi129, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7SS3
£165K10/200.49 mi49, Silverdale Road, Hull, City Of Kingston Upon Hull HU6 7HE3
£180K11/220.49 mi56, Strathmore Avenue, Hull, City Of Kingston Upon Hull HU6 7HL3
£210K01/230.5 mi80, Strathmore Avenue, Hull, City Of Kingston Upon Hull HU6 7HN3
£150K02/210.51 mi63, Strathmore Avenue, Hull, City Of Kingston Upon Hull HU6 7HN3
£102K04/210.52 mi58, Washington Street, Hull, City Of Kingston Upon Hull HU5 1PW3
£93K02/230.52 mi58, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PE3
£155K04/210.53 mi2, Strathmore Avenue, Hull, City Of Kingston Upon Hull HU6 7HJ3
£118K08/210.54 mi140, Sutton Road, Hull, City Of Kingston Upon Hull HU6 7DT3
£135K02/210.54 mi108, Sutton Road, Hull, City Of Kingston Upon Hull HU6 7DT3
£135K10/210.57 mi181, Sutton Road, Hull, Humberside HU6 7DP3
£150K11/210.57 mi195, Sutton Road, Hull, City Of Kingston Upon Hull HU6 7DP3

Local Rents

28 rents from £433/mo to £1.4K/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£79505/240.04 miEtherington Drive, Hull3
£92512/240.09 mi-3
£92512/240.09 mi-3
£80004/250.12 mi-3
£92509/240.16 mi-3
£45505/240.17 miBeverley Road, Hull3
£49805/240.28 miBethnal Green, , Hull3
£72512/240.3 mi-3
£82505/240.34 miInglemire Lane, Hull3
£1,20004/240.4 mi-3
£1,10012/240.4 mi-3
£1,20005/240.4 miAuckland Avenue, Hull, HU63
£75004/240.41 miVermont Villas, Vermont St3
£69503/250.43 mi-3
£75004/240.43 miAuckland Avenue, Hull, East Riding Of Yorkshire, HU63
£83512/240.47 mi-3
£43305/240.47 miWorthing Street , Hull, 3
£95005/240.47 miHouse, 227 Newland AvKingston Upon Hull3
£82503/250.5 mi-3
£43312/230.52 miNewland Avenue, Hull3
£1,37512/240.52 mi-3
£75002/250.53 mi-3
£55005/240.53 miWalters Terrace, Newland Avenue, Hull, East Riding Of Yorkshire, HU53
£79512/240.55 mi-3
£82504/250.55 mi-3
£75004/240.59 mi-3
£60004/240.59 mi-3
£85001/250.61 mi-3

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

0.76 miles away

Nearest school

0.20 miles away

Nearest train station

2.05 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £120,000

April 1, 2025

Floor Plans

Description

  • Fantastic investment opportunity with huge potential +
  • Requires full refurbishment and cosmetic overhaul throughout +
  • Loft conversion (not to building regulations but a versatile space) +
  • Ground floor utility room and shower room for added convenience +
  • Garage to the rear providing useful storage or parking +
  • Ideal for investors or buyers looking for a renovation project +
  • Located within easy reach of Hull University and local amenities +
  • No chain involved and vacant possession available +
  • Reservation Fee Applicable – T&C’s Apply +

*Guide Price £120,000 - £130,000 plus Reservation Fee* Fantastic Investment Opportunity – Full Refurbishment Required
This spacious property presents an exciting opportunity for investors or buyers looking for a project with great potential. Requiring a full cosmetic overhaul and refurbishment throughout, this home offers the chance to create something special. The property benefits from a loft conversion (not to building regulations but a versatile and useful space), a garage to the rear, and a utility room with a ground-floor shower room. Once fully renovated, this would make a superb family home in a highly sought-after location. Situated within easy reach of Hull University, the property is ideal for investment or owner-occupation. Sold as seen, with no chain involved and vacant possession, this is a fantastic opportunity not to be missed! Fees, Exclusivity, and Disclaimer:  Fees:  Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.  The Reservation Fee can be refunded under certain circumstances;  i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office  Exclusivity:  Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.  Process:  Our process:  1. Register your interest  2. Prepare your finances for the purchase  3. Arrange a viewing  4. Make an offer  5. Secure your sale using our secure system  6. Exchange and complete  Disclaimer:  The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.  The Buyer is required to verify their ID & show proof of funds.  Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services.  We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.

Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (SDLT). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay SDLT at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether SDLT applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor.  Rezee innovative way of selling is a secure and straightforward way to buy property.  Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Agent Details

Rezee, Hull

01482 251686

Next Steps?

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

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