2 Bed Terraced House, Refurb/BRRR, Hull, HU9 2JR, £40,000

Mables Villas, Holland Street, Hull, East Yorkshire, HU9 2JR - 8 days ago

Auction
Refurb/BRRR
ROI: 7%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£50K - £136K
Sold Prices/m²£619/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£587/m²

Value Estimate

£40,000

 

 

End Value (After Refurb)

£70,387

Uplift in Value

+76%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Refurb Costs

£27,244

Bridging Loan Interest

£1,050

Total Cash In

£43,244

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£70,387

Mortgage (After Refinance)

£52,791

Mortgage LTV

75%

Cash Released

£22,791

Cash Left In

£20,454

Equity

£17,597

Rent Range

£417 - £2,375

Rent Estimate

£632

Running Costs/mo

£366

Cashflow/mo

£266

Cashflow/yr

£3,188

ROI

7%

Gross Yield

19%

Local Sold Prices

50 sold prices from £50K to £136K, average is £76K. £619/m² to £2.7K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£67.5K11/200.06 mi65, New Bridge Road, Hull, Humberside HU9 2RB2
£64K11/200.08 mi44, Holland Street, Hull, City Of Kingston Upon Hull HU9 2JB2
£96K02/230.09 mi71, Victor Street, Hull, City Of Kingston Upon Hull HU9 2EX2
£65K05/230.1 mi25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£77K04/230.1 mi15, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£52K11/200.16 mi73, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£62.5K04/210.16 mi89, Belmont Street, Hull, Humberside HU9 2RH2
£70K12/210.16 mi99, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RH2
£80K01/230.16 mi21, Middleburg Street, Hull, City Of Kingston Upon Hull HU9 2QN2
£57K01/210.17 mi61, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TF2
£70K07/210.19 mi60, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£86K07/230.19 mi80, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RL2
£88.5K06/230.22 mi38, Mersey Street, Hull, City Of Kingston Upon Hull HU8 8SG2
£62.5K02/230.22 mi86, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RR2
£52K03/210.22 mi2, Dene Street, Hull, City Of Kingston Upon Hull HU9 2LX2
£95K10/210.25 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£75K03/210.25 mi97, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£80K09/210.25 mi49, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£55.9K03/230.25 mi80, Wynburg Street, Hull, City Of Kingston Upon Hull HU9 2PB2
£80K02/230.25 mi57, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£51K12/200.26 mi111, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TE2
£90.5K01/230.26 mi21, Staxton Court, Hull, City Of Kingston Upon Hull HU9 2RW2
£70K03/210.26 mi191, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£70K11/200.26 mi115, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£59K02/210.26 mi111, Belmont Street, Hull, City Of Kingston Upon Hull HU9 2RJ2
£87.5K01/230.27 mi88, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£74.2K06/230.28 mi87, Rustenburg Street, Hull, City Of Kingston Upon Hull HU9 2PS2
£71K06/210.3 mi64, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TQ2
£126K06/230.3 mi14, James Niven Court, Hull, City Of Kingston Upon Hull HU9 3AQ2
£66.5K11/200.3 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£75K03/230.3 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£117.5K08/210.31 mi44, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB2
£136K02/230.31 mi29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£105K01/210.31 mi30, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£55K12/220.33 mi145, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TA2
£77K05/210.39 mi124, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TH2
£60K12/200.4 mi76, Brazil Street, Hull, City Of Kingston Upon Hull HU9 1JZ2
£80K11/200.43 mi127, Durham Street, Hull, City Of Kingston Upon Hull HU8 8RQ2
£110K03/230.43 mi107, Barnsley Street, Hull, City Of Kingston Upon Hull HU8 7SF2
£115K09/210.45 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£115K09/210.45 mi1, Dovedale Grove, Hull, City Of Kingston Upon Hull HU9 3UF2
£50K05/210.45 mi13, Berkshire Street, Hull, City Of Kingston Upon Hull HU8 8TJ2
£61K12/200.45 mi9, Berkshire Street, Hull, Humberside HU8 8TJ2
£113K10/210.46 mi48, Swaledale Avenue, Hull, City Of Kingston Upon Hull HU9 3UE2
£65K03/230.47 mi177, Buckingham Street, Hull, City Of Kingston Upon Hull HU8 8TL2
£123K11/210.48 mi8, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£120K12/210.48 mi62, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£100K02/210.48 mi11, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£110K02/230.48 mi33, Rosedale Avenue, Hull, City Of Kingston Upon Hull HU9 2PL2
£128.5K03/210.49 mi48, Beech Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QJ2

Local Rents

50 rents from £417/mo to £2.4K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£55004/240 miMables Villas, Holland Street, Hull, HU92
£65002/240 mi-2
£70012/240 mi-2
£55004/240 miMables Villas, Holland Street, Hull2
£55003/250.05 mi-2
£59503/250.07 mi-2
£57504/240.07 miNew Bridge Road, Southcoates, Hull, HU9 2RF2
£57505/240.07 mi-2
£57505/240.1 miAlbert Avenue, Hull, HU92
£57503/250.12 mi-2
£59502/250.12 mi-2
£62503/250.14 mi-2
£60005/240.14 mi-2
£62505/240.14 miJesmond Gardens, Hull2
£62506/240.16 miMiddleburg Street, Hull2
£55004/240.17 miMiddleburg Street, HU92
£57512/240.18 mi-2
£65005/240.18 mi-2
£65004/240.18 miRensburg St, Hull, HU92
£55005/240.18 mi-2
£65004/250.18 mi-2
£57505/240.19 mi9 Allendale, Middleburg Street, Newbridge Road, Hull,HU9 2QX2
£60005/240.2 miMadoline Grove, Estcourt Street, Hull, East Yorkshire, HU92
£65004/240.21 mi-2
£63004/240.21 mi-2
£67504/250.21 mi-2
£60012/240.21 mi-2
£52504/240.21 mi5 Rosebury Villas, Rosmead Street, Hull, HU9 2TN2
£50001/240.22 mi-2
£2,37502/240.23 mi-2
£65004/250.23 mi-2
£41704/240.23 mi-2
£62503/250.23 mi-2
£60001/250.23 mi-2
£54504/240.24 mi-2
£70005/240.24 mi-2
£65002/250.25 mi-2
£59506/240.26 mi113 Rosmead Street, HU9 2TE2
£62503/250.26 mi-2
£60004/240.26 mi-2
£47503/240.26 miBelmont Street, Hull, East Riding Of Yorkshire, HU92
£56004/240.27 miWenlock Terrace, Rustenburg Street, Hull, East Yorkshire, HU92
£70003/250.27 mi-2
£59505/240.27 mi4 Crompton Villas2
£75003/250.27 mi-2
£57509/240.28 mi-2
£62505/240.28 miByland Court, Hull, East Riding Of Yorkshire, HU92
£62505/240.28 mi6 Byland Court, HU9 2RQ2
£49505/240.29 miAvon Vale, HU92
£55004/250.29 mi-2

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.14 miles away

Nearest school

0.10 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £40,000

April 3, 2025

Floor Plans

Description

  • GUIDE PRICE £40,000 - £50,000 +
  • FOR SALE by ONLINE AUCTION on Wednesday 28th May 2025 at 1:00pm - +
  • Two-Bedroom Period Property in need of renovation +
  • Gas central Heated & Double Glazed +
  • Council Tax Band: A (Hull City Council) +
  • EPC Grade C +

FOR SALE by ONLINE AUCTION on Wednesday 28th May at 1:00pm - GUIDE PRICE £40,000 - £50,000
Two-Bedroom Period Property in need of renovation ++ Gas central Heated ++ Double Glazed ++

A two-bedroom mid-terrace house that has been tenanted but would now benefit from some TLC prior to re-letting. The property benefits from gas fired central heating and is fully double glazed and its sale provides a great opportunity to investors to acquire an easily let house to start or add to a property portfolio.

Conveniently located in an area of regeneration to the East of the City, just off Holderness Road, it offers easy access to shops, amenities, and public transport. Eastern Villas, is a pedestrian-friendly terrace off Holland Street in the popular HU9 district of Hull.

• Gas central heating & Double Glazing

• Well-proportioned rooms, perfect for updating to your taste.

• Enclosed front courtyard with gated access.

• Rear courtyard garden.

Ground Floor

• Front Sitting Room.

• L Shaped Fitted Kitchen, ready for personalisation.

• Ground Floor Bathroom.

First Floor

• Central landing accessing two generously sized bedrooms.

Key Details

• Offered with no chain for a smooth transaction.

• EPC Rating: C.

• Council Tax Band: A (Hull City Council).

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our 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. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

HUL250216/2

Agent Details

Reeds Rains, Hull

01482 251835

Next Steps?

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