2 Bed Terraced House, Single Let, Hull, HU9 2JR, £40,000

Mables Villas, Hull, HU9 2JR - 5 views - 22 days ago

Auction
BTL
ROI: 23%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£587/m²

Value Estimate

£48,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Total Cash In

£13,200

 

 

Cash Out

 

Rent Range

£417 - £2,375

Rent Estimate

£500

Running Costs/mo

£245

Cashflow/mo

£255

Cashflow/yr

£3,060

ROI

23%

Gross Yield

15%

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
£65K05/230.11 mi25, Rosmead Street, Hull, City Of Kingston Upon Hull HU9 2TG2
£77K04/230.11 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
£52K03/210.23 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
£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
£80K02/230.26 mi57, Steynburg Street, Hull, City Of Kingston Upon Hull HU9 2PE2
£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
£66.5K11/200.31 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£75K03/230.31 mi159, Estcourt Street, Hull, City Of Kingston Upon Hull HU9 2RS2
£136K02/230.31 mi29, Kent Close, Hull, City Of Kingston Upon Hull HU9 2AU2
£117.5K08/210.31 mi44, Jalland Street, Hull, City Of Kingston Upon Hull HU8 8RB2
£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
£123K11/210.47 mi8, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£120K12/210.47 mi62, Bannister Drive, Hull, City Of Kingston Upon Hull HU9 1EJ2
£100K02/210.47 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
£59504/250.07 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
£59502/250.13 mi-2
£60005/240.14 mi-2
£62503/250.14 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
£55005/240.18 mi-2
£65004/240.18 miRensburg St, Hull, HU92
£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
£52504/240.21 mi5 Rosebury Villas, Rosmead Street, Hull, HU9 2TN2
£60012/240.21 mi-2
£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
£60001/250.24 mi-2
£70005/240.24 mi-2
£75004/250.24 mi-2
£54504/240.25 mi-2
£65002/250.25 mi-2
£59506/240.26 mi113 Rosmead Street, HU9 2TE2
£47503/240.26 miBelmont Street, Hull, East Riding Of Yorkshire, HU92
£62503/250.26 mi-2
£60004/240.26 mi-2
£70002/250.27 mi-2
£56004/240.27 miWenlock Terrace, Rustenburg Street, Hull, East Yorkshire, HU92
£59505/240.27 mi4 Crompton Villas2
£75003/250.27 mi-2
£62505/240.28 miByland Court, Hull, East Riding Of Yorkshire, HU92
£62505/240.28 mi6 Byland Court, HU9 2RQ2
£57509/240.28 mi-2
£49505/240.29 miAvon Vale, HU92

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

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.  Location 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. Accommodation **Lounge **14'3" (4.34) x 13' (3.95) into the bay Access the property via a double glazed entrance door, once entering you will find a double-glazed walk-in bay window that faces the front. Installed with a fire place with an electric fire point. Radiator for additional heat and laid with practical laminate flooring.  Access from here into the kitchen. **Kitchen **14'3" (4.34) x 15'6" (4.73) @ widest points An L shaped kitchen, with a double glazed window overlooking the rear of the property and includes a staircase leading to the first floor. It is fitted with a range of base and wallmounted cabinets with drawer units, all in cream shaker style, offering ample storage. Laminated work surfaces are complemented by ceramic splashback tiling. Additional features include a stainless steel sink unit, a built in gas hob with electric oven under and extractor over. Plumbing is provided for automatic washing machine. Wall mounted gas boiler. A double glazed door then takes you out to the rear of the property. **Bathroom **5'7" x 7'1" (1.7m x 2.16m) The bathroom has a sie facing double glazed window and is appointed with three-piece suite in white, comprising a panel enclosed bath, a pedestal wash hand basin, and a low-flush WC. Ceramic tile splashbacks. Installed with a radiator. **First Floor ** Landing The small central first-floor landing leads to two well-proportioned bedrooms. Bedroom One 10'11" x 8'1" (3.33m x 2.46m) The largest of the two bedrooms has a front facing double glazed window and is installed with a radiator. Bedroom Two 11'3" x 8'1" (3.43m x 2.46m) The second bedroom has a rear facing double glazed window and is installed with a radiator.  Exterior Front Within an area of regeneration in the east of the city, this property is located along a pedestrianised terrace off Holland Street. The central block-paved pathway provides access to the property and its neighbouring homes. The enclosed front forecourt garden features low-level brick walling, complemented by wrought-iron fencing and a gated pathway leading to the front door. Rear The property boasts a small enclosed rear courtyard, offering a low-maintenance outdoor space where gated pedestrian access provides convenient connectivity to the shared rear pathway. EPC - C Council Tax Band A  Services All mains services are connected to the property but have not been tested. Tenure The property is freehold and with vacant possession.  Joint Agents Reeds Rains, 508 Holderness Road, Hull, HU9 3DS Tel:  Viewings Strictly by appointment with the auctioneers on or the joint agents Reeds Rains on . Method of Sale The property will be offered for sale by online auction with bidding commencing at 1.00 pm on Monday, 26th May 2025, and closing on Wednesday, 28th May, at 1.00 pm. For further legal information relating to this lot, please go to auctionhouse.co.uk/hullandeastyorkshire. Conditions of Sale The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

Additional Fees The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT) and a buyer’s premium of £1,800 (£1,500 + VAT) in addition to the purchase price of the property.

Guide Price Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Disbursements Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion. **
Solicitor** Jaycon Legal Solicitors, 375a-375b Hedon Road, Hull, East Yorkshire, HU9 1RA, Ref: Jannina Beckett, Tel:

Agent Details

Auction House, Driffield

01377 310913

Next Steps?

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