2 Bed Terraced House, Refurb/BRRR, Hull, HU9 1JG, £60,000

Franklin Avenue, Franklin Street, Hull, HU9 1JG - 2 views - 15 days ago

Refurb/BRRR

ROI: 4%

~68 m²

+5 photos

ValuationFair Value

Sold Prices	£50K - £175K
Sold Prices/m²	£710/m² - £3.2K/m²

Square Metres	~68.11 m²
Price/m²	£881/m²
Value Estimate	£60,600£60,600

End Value (After Refurb)	£103,734£103,734
Uplift in Value	+73%+73%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£4,200£4,200
Refurb Costs	£27,244£27,244
Bridging Loan Interest	£1,575£1,575
Total Cash In	£49,769£49,769

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£103,734£103,734
Mortgage (After Refinance)	£77,800£77,800
Mortgage LTV	75%75%
Cash Released	£32,800£32,800
Cash Left In	£16,969£16,969
Equity	£25,933£25,933
Rent Range	£417 - £900£417 - £900
Rent Estimate	£627
Running Costs/mo	£470£470
Cashflow/mo	£157£157
Cashflow/yr	£1,889£1,889
ROI	4%4%
Gross Yield	13%13%

Local Sold Prices

50 sold prices from £50K to £175K, average is £78.5K. £710/m² to £3.2K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£60K	12/20	0.02 mi	76, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JZ	£710	84	2	Semi-Detached House
£75K	04/21	0.07 mi	48, Field Street, Hull, City Of Kingston Upon Hull HU9 1HS	-	-	2	Semi-Detached House
£123K	11/21	0.14 mi	8, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,158	57	2	Semi-Detached House
£120K	12/21	0.14 mi	62, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,143	56	2	Semi-Detached House
£100K	02/21	0.14 mi	11, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£1,787	56	2	Semi-Detached House
£136K	02/23	0.18 mi	29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£2,720	50	2	Semi-Detached House
£127.5K	01/23	0.19 mi	70, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ	£2,261	56	2	Semi-Detached House
£105K	01/21	0.2 mi	30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU	£1,458	72	2	Semi-Detached House
£96K	02/23	0.33 mi	71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX	£1,600	60	2	Terraced House
£80K	04/23	0.34 mi	6, Whitby Street, Hull, City Of Kingston Upon Hull HU8 7HN	£1,111	72	2	Terraced House
£67K	02/23	0.34 mi	92, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HS	-	-	2	Terraced House
£64K	11/20	0.4 mi	44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB	£736	87	2	Terraced House
£145K	07/21	0.41 mi	32, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY	£2,736	53	2	Semi-Detached House
£117K	02/21	0.41 mi	6, Bridgegate Drive, Hull, Humberside HU9 1SY	-	-	2	Semi-Detached House
£175K	07/23	0.41 mi	28, Bridgegate Drive, Hull, City Of Kingston Upon Hull HU9 1SY	£3,212	54	2	Semi-Detached House
£155K	07/21	0.41 mi	69, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW	-	-	2	Semi-Detached House
£152K	04/23	0.41 mi	20, Navigation Way, Hull, City Of Kingston Upon Hull HU9 1SW	-	-	2	Terraced House
£58.5K	04/21	0.42 mi	5, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	£957	61	2	Terraced House
£50K	04/23	0.42 mi	39, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	-	-	2	Terraced House
£69.5K	03/23	0.42 mi	78, Egton Street, Hull, City Of Kingston Upon Hull HU8 7HU	£1,139	61	2	Terraced House
£67.5K	11/20	0.42 mi	65, New Bridge Road, Hull, Humberside HU9 2RB	£786	86	2	Terraced House
£139K	07/21	0.43 mi	40, Mast Drive, Hull, City Of Kingston Upon Hull HU9 1ST	£2,172	64	2	Semi-Detached House
£52K	11/20	0.47 mi	73, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH	£924	56	2	Terraced House
£62.5K	04/21	0.47 mi	89, Belmont Street, Hull, Humberside HU9 2RH	-	-	2	Terraced House
£70K	12/21	0.47 mi	99, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH	£1,346	52	2	Terraced House
£65K	05/23	0.48 mi	25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG	-	-	2	Terraced House
£77K	04/23	0.48 mi	15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG	£987	78	2	Terraced House
£110K	03/23	0.48 mi	107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF	-	-	2	Terraced House
£70K	07/21	0.49 mi	60, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL	£1,111	63	2	Terraced House
£86K	07/23	0.49 mi	80, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL	-	-	2	Terraced House
£88.5K	06/23	0.49 mi	38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG	-	-	2	Terraced House
£71K	06/21	0.5 mi	64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ	£1,044	68	2	Terraced House
£115K	04/21	0.52 mi	32, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ	£2,054	56	2	Semi-Detached House
£158K	03/23	0.52 mi	18, Charlestown Way, Hull, City Of Kingston Upon Hull HU9 1PJ	£2,931	54	2	Semi-Detached House
£167.5K	06/23	0.53 mi	7, Maldon Drive, Hull, City Of Kingston Upon Hull HU9 1QA	£3,045	55	2	Semi-Detached House
£57K	01/21	0.54 mi	61, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF	£731	78	2	Terraced House
£175K	06/22	0.54 mi	1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ	-	-	2	Detached House
£145K	01/21	0.54 mi	1, Appledore Close, Hull, City Of Kingston Upon Hull HU9 1PZ	-	-	2	Semi-Detached House
£90.5K	01/23	0.54 mi	21, Staxton Court, Hull, City Of Kingston Upon Hull HU9 2RW	-	-	2	Semi-Detached House
£77K	05/21	0.55 mi	124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH	£1,167	66	2	Terraced House
£72.5K	02/21	0.55 mi	127, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SA	£1,133	64	2	Terraced House
£170K	03/23	0.55 mi	12, Harbour Way, Hull, City Of Kingston Upon Hull HU9 1PL	£2,830	60	2	Semi-Detached House
£65K	03/23	0.55 mi	177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL	£1,016	64	2	Terraced House
£80K	01/23	0.56 mi	21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN	£1,058	76	2	Terraced House
£50K	09/21	0.56 mi	13, Montrose Street, Hull, City Of Kingston Upon Hull HU8 7RU	£936	53	2	Terraced House
£62.5K	02/23	0.56 mi	86, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RR	£1,059	59	2	Terraced House
£50K	05/21	0.57 mi	13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ	£873	57	2	Terraced House
£61K	12/20	0.57 mi	9, Berkshire Street, Hull, Humberside HU8 8TJ	£965	63	2	Terraced House
£77K	12/22	0.57 mi	148, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL	£1,055	73	2	Terraced House
£70K	11/20	0.58 mi	115, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ	£1,148	61	2	Terraced House

Local Rents

50 rents from £417/mo to £900/mo, average is £600/mo.

Rent	Date	Distance	Address	Beds	Type
£550	05/24	0.04 mi	Henley Avenue, Brazil Street, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£550	05/24	0.04 mi	5 Henley Avenue, HU9 1JU	2	Terraced House
£600	04/24	0.04 mi	-	2	Terraced House
£525	05/24	0.04 mi	-	2	Terraced House
£525	05/24	0.04 mi	Henley Avenue, Hull, HU9	2	Terraced House
£595	05/24	0.04 mi	Brentwood Avenue, Brazil St, Hull, HU9	2	Terraced House
£600	04/24	0.05 mi	8 Ormington Villas	2	Terraced House
£600	06/24	0.06 mi	Abbey Street, HULL	2	Terraced House
£600	04/24	0.07 mi	26 Field Street	2	Terraced House
£900	01/24	0.09 mi	-	2	Flat
£825	05/24	0.09 mi	-	2	Flat
£700	01/25	0.09 mi	-	2	Flat
£775	01/25	0.09 mi	-	2	Flat
£695	05/24	0.15 mi	Bannister Drive, Hull, HU9	2	Semi-Detached House
£650	02/25	0.25 mi	-	2	Semi-Detached House
£417	04/24	0.25 mi	-	2	Flat
£625	04/24	0.3 mi	Hedon Road, Hull, HU9	2	Flat
£600	10/24	0.32 mi	-	2	Terraced House
£900	03/25	0.34 mi	-	2	Terraced House
£525	04/24	0.35 mi	Whitby Street, Hull, HU8	2	Terraced House
£600	04/25	0.35 mi	-	2	Terraced House
£525	05/24	0.36 mi	Ferndale, Redcar St, Hull, HU8	2	Terraced House
£550	01/25	0.39 mi	-	2	Terraced House
£550	03/25	0.39 mi	-	2	Terraced House
£625	02/25	0.39 mi	-	2	Terraced House
£625	04/24	0.41 mi	Chandlers Court, Victoria Dock, Hull, HU9	2	Flat
£595	04/25	0.41 mi	-	2	Terraced House
£700	03/25	0.41 mi	-	2	Terraced House
£550	04/24	0.41 mi	Mables Villas, Holland Street, Hull	2	House
£650	02/24	0.41 mi	-	2	Terraced House
£700	12/24	0.41 mi	-	2	Terraced House
£550	04/24	0.41 mi	Mables Villas, Holland Street, Hull, HU9	2	Terraced House
£750	05/24	0.42 mi	-	2	Flat
£750	05/24	0.42 mi	Victoria Dock, Hull, HU9	2	Flat
£825	06/24	0.42 mi	Chandlers Court, Victoria Dock, Hull, East Yorkshire, HU9	2	Flat
£750	05/24	0.42 mi	Chandlers Court, Hull, East Yorkshire, HU9 1FB	2	Flat
£550	05/24	0.42 mi	70 Egton Street	2	Terraced House
£750	04/24	0.43 mi	Navigation Way, Victoria Dock, HU9	2	Semi-Detached House
£575	05/24	0.44 mi	-	2	Terraced House
£575	04/24	0.44 mi	New Bridge Road, Southcoates, Hull, HU9 2RF	2	Terraced House
£475	05/24	0.45 mi	Egton Street, Hull, HU8	2	Terraced House
£750	05/24	0.48 mi	Hales Entry, Hull, HU9	2	Semi-Detached House
£500	01/24	0.48 mi	-	2	Terraced House
£650	04/25	0.49 mi	-	2	Terraced House
£575	12/24	0.49 mi	-	2	Terraced House
£575	09/24	0.51 mi	-	2	Terraced House
£550	05/24	0.51 mi	Dansom Lane North, HULL	2	Terraced House
£595	05/24	0.51 mi	Damson Lane North, Garden Village, Hull, HU8 7RR	2	Terraced House
£575	05/24	0.51 mi	Albert Avenue, Hull, HU9	2	Terraced House
£600	05/24	0.51 mi	-	2	Terraced House

Local Area Statistics

Population in HU9	40,94840,948
Population in Hull	313,622313,622
Town centre distance	1.93 miles away1.93 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.28 miles away1.28 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £60,000

April 2, 2025

Floor Plans

Description

TWO BEDROOM TERRACE HOUSE +
NO CHAIN INVOLVED +
PERFECT INVESTMENT OPPORTUNITY AS TENANT IN SITU +
CLOSE TO CITY CENTRE +
REAR COURTYARD, FRONT GARDEN +
THROUGH LOUNGE/DINING +
SOME IMPROVEMENTS REQUIRED +
FREEHOLD +
COUNCIL TAX BAND A +
EPC RATING D +

INVITING OFFERS BETWEEN £60,000-£70,000

Our Thoughts: Location, convenience, and investment potential—this two double-bedroom mid-terraced home ticks all the right boxes! While the property requires some updating, it offers a spacious through lounge-dining room, a first-floor bathroom, and outdoor space with both a front garden and rear courtyard. With a tenant already in situ, this is a hassle-free investment opportunity in a prime spot, just a short walk from the city centre and well-connected by local transport.

Summary: A well-located, two-bedroom mid-terrace with a tenant in situ, making it an ideal investment. Featuring a through lounge-dining room, first-floor bathroom, front garden, and rear courtyard, the property offers great potential with some modernisation. With transport links and amenities right on the doorstep, this is a superb opportunity for investors or first-time buyers. Don’t miss out—book a viewing today!

Tenure The property is freehold.

Council Tax Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band - A.*

Fixtures & Fittings Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

Disclaimer *The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Viewings Strictly by appointment with the sole agents.

Site Plan Disclaimer The site plan is for guidance only to show how the property sits within the plot and is not to scale.

Mortgages We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Holderness Road Office on . Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Valuation/Market Appraisal: Thinking of selling or struggling to sell your house? More people choose beercocks in this region than any other agent. Book your free valuation now!

Agent Details

Beercocks, Holderness Road

01482 251850

Next Steps?

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

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

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Local Rents