2 Bed Terraced House, Refurb/BRRR, Hull, HU5 2NS, £110,000

32 Alexandra Road, Hull, HU5 2NS - 2 years ago

Sold STC
Refurb/BRRR
ROI: 2%
105 m²
+7 photos

ValuationFair Value

Sold Prices£58.8K - £215K
Sold Prices/m²£703/m² - £2K/m²

 

 

Square Metres

105 m²
Price/m²£1K/m²

Value Estimate

£111,100

 

 

End Value (After Refurb)

£120,313

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£42,169

Bridging Loan Interest

£2,888

Total Cash In

£81,006

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,313

Mortgage (After Refinance)

£90,234

Mortgage LTV

75%

Cash Released

£7,734

Cash Left In

£73,272

Equity

£30,078

Rent Range

£85 - £1,300

Rent Estimate

£690

Running Costs/mo

£534

Cashflow/mo

£156

Cashflow/yr

£1,872

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £58.8K to £215K, average is £89.5K. £703/m² to £2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£85K05/230.05 mi48, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NR2
£100K12/200.17 mi188, Newland Avenue, Hull, City Of Kingston Upon Hull HU5 2NE2
£78K05/230.17 mi69, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ2
£87.5K05/210.17 mi62, Hardy Street, Hull, City Of Kingston Upon Hull HU5 2PJ2
£80K06/230.2 mi49, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PD2
£85K07/230.21 mi79, Worthing Street, Hull, City Of Kingston Upon Hull HU5 1PP2
£115K05/230.25 mi26, Clough Road, Hull, City Of Kingston Upon Hull HU5 1QN2
£80K12/210.25 mi5, Torrington Street, Hull, City Of Kingston Upon Hull HU5 2EW2
£90K10/210.26 mi17, Edgecumbe Street, Hull, City Of Kingston Upon Hull HU5 2EU2
£115K08/210.26 mi102, Ryde Avenue, Hull, City Of Kingston Upon Hull HU5 1QG2
£75K05/230.28 mi17, Exmouth Street, Hull, City Of Kingston Upon Hull HU5 2HX2
£92.5K01/210.31 mi78, Sharp Street, Hull, City Of Kingston Upon Hull HU5 2AB2
£105K04/230.31 mi2, Rydale Court, Hull, City Of Kingston Upon Hull HU5 1QE2
£90K12/200.31 mi45, Raglan Street, Hull, City Of Kingston Upon Hull HU5 2JA2
£77K09/210.32 mi38, Manvers Street, Hull, City Of Kingston Upon Hull HU5 2HW2
£107.5K05/230.32 mi34, Haworth Street, Hull, City Of Kingston Upon Hull HU6 7RQ2
£110K11/210.32 mi59, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2AN2
£60K10/210.34 mi25, Marshall Street, Hull, City Of Kingston Upon Hull HU5 3DA2
£76K06/230.34 mi8, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BH2
£100K02/230.36 mi27, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£83.5K01/210.37 mi53, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BH2
£98K02/230.37 mi58, Folkestone Street, Hull, City Of Kingston Upon Hull HU5 1BJ2
£73K11/200.45 mi69, Nicholson Street, Hull, City Of Kingston Upon Hull HU5 1EY2
£105K03/230.5 mi112, Reynoldson Street, Hull, City Of Kingston Upon Hull HU5 3BS2
£65K01/230.51 mi5, Farringdon Street, Hull, City Of Kingston Upon Hull HU5 1JA2
£158K06/210.51 mi131, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£142K07/210.51 mi129, Ella Street, Hull, City Of Kingston Upon Hull HU5 3AJ2
£64K01/230.52 mi23, Stepney Lane, Hull, City Of Kingston Upon Hull HU5 1HZ2
£72.5K06/210.53 mi1c, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£150K11/220.57 mi42, Kirkham Drive, Hull, City Of Kingston Upon Hull HU5 2BT2
£215K07/230.58 mi74, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA2
£87K11/200.64 mi8, Knightsbridge Court, Hull, City Of Kingston Upon Hull HU3 1UG2
£85K12/220.75 mi19, Tattershall Close, Hull, City Of Kingston Upon Hull HU2 0BA2
£89K08/230.75 mi20, Fountain Road, Hull, City Of Kingston Upon Hull HU2 9PF2
£86K09/220.77 mi5, Sophia Close, Hull, City Of Kingston Upon Hull HU2 9PG2
£58.8K05/210.79 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£135.5K12/210.79 mi99, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£80K12/200.79 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£113.2K05/230.79 mi117, Blenheim Street, Hull, City Of Kingston Upon Hull HU5 3PR2
£65K08/220.79 mi24, Lichfield Close, Hull, City Of Kingston Upon Hull HU2 9PE2
£76K10/210.82 mi151a, Cranbrook Avenue, Hull, City Of Kingston Upon Hull HU6 7TT2
£100K12/200.82 mi9, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£122.5K05/210.82 mi75, Belvoir Street, Hull, City Of Kingston Upon Hull HU5 3LP2
£85K01/220.86 mi196, Waterloo Street, Hull, City Of Kingston Upon Hull HU2 9LP2
£133K06/230.86 mi77, Clumber Street, Hull, City Of Kingston Upon Hull HU5 3RH2
£107.5K11/200.88 mi1, Lawsons Close, Hull, City Of Kingston Upon Hull HU6 7UW2
£105K03/210.88 mi10, Lawsons Close, Hull, City Of Kingston Upon Hull HU6 7UW2
£72K12/210.9 mi145, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DH2
£90K04/230.9 mi64, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ2
£112.5K03/210.9 mi54, Welbeck Street, Hull, City Of Kingston Upon Hull HU5 3SQ2

Local Rents

52 rents from £85/mo to £1.3K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£8512/230.07 miGrafton Street, Hull2
£36805/240.09 miGrafton Street, Hull2
£62512/240.11 mi-2
£50004/240.12 mi-2
£47504/240.12 mi-2
£65012/240.13 mi-2
£41212/230.15 miDe Grey Street, Hull2
£41212/230.15 miDe Grey Street, Hull2
£68504/240.18 mi-2
£55012/240.19 mi-2
£65004/240.23 miNewland Avenue, Hull, HU52
£62512/240.23 mi-2
£75003/250.24 mi-2
£60005/240.26 mi-2
£65001/250.26 mi-2
£70004/250.26 mi-2
£62504/240.28 miSt Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU52
£69512/240.29 mi-2
£55004/240.29 mi-2
£55004/240.29 mi-2
£55004/240.29 mi-2
£80011/240.3 mi-2
£59504/240.31 miRaglan Street, Newland Avenue, Hull, East Yorkshire, HU52
£1,12712/240.32 mi-2
£75012/240.32 mi-2
£65005/240.32 mi83 Haworth StreetCottingham RoadHull2
£69512/240.32 mi-2
£75003/240.34 mi-2
£75003/240.34 mi-2
£75003/250.34 mi-2
£52504/240.34 mi-2
£80001/250.34 mi-2
£57503/240.35 mi-2
£72501/240.35 miFlat 4,BeechwoodPearson Park,Hull,HU52
£72501/240.35 miFlat 1, Beechwood, 49 Pearson Park,Hull,HU52
£76004/240.35 mi43 Pearson Park, Flat 2 Studley House, Hull, East Riding Of Yorkshire, HU52
£67512/240.35 mi-2
£75005/240.35 mi1 Clarendon AvenueManvers StreetHull2
£59511/240.35 mi-2
£55005/240.37 mi3 Folkstone Avenue, Hull, HU5 1BU2
£55005/240.37 mi3 Folkstone Avenue, Hull, HU5 1BU2
£52505/240.37 mi-2
£66004/250.37 mi-2
£60011/240.38 mi-2
£60004/250.38 mi-2
£58301/250.39 mi-2
£1,30004/240.4 miEndsleigh Park, Beverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20004/240.4 miBeverley Road, Hull, East Riding Of Yorkshire, HU62
£99905/240.4 miEndsleigh Park, Beverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20005/240.4 miEndsleigh Park Beverley Road, Hull, East Riding Of Yorkshire, HU62
£99905/240.4 miBeverley Road, Hull, East Riding Of Yorkshire, HU62
£1,20005/240.4 miEndsleigh Park Beverley Road, Hull, East Riding Of Yorkshire, HU62

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.25 miles away

Nearest school

0.30 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Price changed to £110,000

January 15, 2025

Price changed to £125,000

November 1, 2024

Listed for £129,950

October 10, 2023

Floor Plans

Description

  • No Chain Involved +
  • End House +
  • 2 Bedrooms (Originally 3) +
  • Gas Central Heating and uPVC Double Glazing +
  • Private Drive & Large Attached Garage +
  • Bathroom & Wet Room +
  • Requires Some Updating +
  • Convenient Location +

NO CHAIN INVOLVED! An end terraced 2 Bedroom house which was originally 3 Bedrooms and could revert back to subject to alteration. Presently the accommodation comprises of an Enclosed Porch, 28ft long through Lounge, fitted Kitchen, Lobby and side Enclosed Porch, Bathroom and on the first floor there are 2 Bedrooms and spacious Wet Room. Benefits include gas radiator central heating, majority uPVC double glazing and the property has recently had a rewire. Outside the property has a forecourt garden and a private drive leads to a good sized attached garage and rear courtyard garden. Offering great potential but does require a further modernisation programme and redecoration. Situated in this convenient area. Great potential. 

LOCATION The property runs between Newland Avenue & Beverley Road therefore is an ideal area for excellent local facilities, in particular down Newland Avenue which boasts bars, bistros and restaurants, also for schools, public transport, Hull University and good travelling distance for Hull city centre.  

THE ACCOMMODATION COMPRISES  

GROUND FLOOR  

ENCLOSED PORCH Half uPVC obscured double glazed door and further double glazed door with side and overhead windows. 

ENTRANCE HALL With single central heating radiator and staircase to first floor. 

THROUGH LOUNGE/DINING AREA 28' 3" x 11' 9" (8.61m x 3.58m) Measured into bay. With uPVC double glazed bay window which overlooks the front, fire surround with gas fire and tiled inset and hearth, uPVC double glazed window which overlooks the rear, TV points, understairs storage cupboard and double central heating radiator. 

FITTED KITCHEN 13' 0" x 8' 1" (3.96m x 2.46m) Measurements include the porch area. With a single sink and drainer, fitted base and wall-mounted units, worktop surface areas, plumbing for automatic washing machine, uPVC double glazed window which overlooks the side, four ring gas hob, extractor/cooker hood, oven, half panelled door which leads to the porch area. 

PORCH AREA  

ENCLOSED SIDE PORCH With single glazed window and half obscured door leading to to the side garden. 

BATHROOM 8' 2" x 5' 10" (2.49m x 1.78m) Panelled bath with handle grips, pedestal wash hand basin, low level WC, single central heating radiator and window to the side. 

FIRST FLOOR  

LANDING With access to roof void area. 

BEDROOM 1 13' 0" x 14' 0" (3.96m x 4.27m) Measured up to wardrobe and including recess. With uPVC double glazed window which overlooks the front, fitted wardrobes and overhead cupboard and radiator. 

BEDROOM 2 9' 9" x 13' (2.97m x 3.96m) With fitted wardrobe, cupboard housing boiler serving central heating and hot water and uPVC double glazed window overlooking the rear. 

WET ROOM 10' 3" x 8' 6" (3.12m x 2.59m) With double glazed window which overlooks the rear, shower, low level WC, pedestal wash hand basin, single central heating radiator and a uPVC obscured window which overlooks the side. 

OUTSIDE To the front of the property there is a forecourt garden with boundary fencing & path. There is a private side drive providing vehicular parking and leading onto a good sized attached brick built Garage with up and over door and personal door. To the rear there is a pleasant, low-maintenance garden mainly located to the side, external tap connected and boundary walling. 

TENURE We believe the tenure of this property to be Freehold (to be confirmed by the vendor's solicitors). 

VIEWING TO VIEW, PLEASE CALL OUR NEWLAND AVENUE OFFICE ON . 

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
The mention of any appliances and/or services within these particulars does not imply they are in full and efficient working order.
Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information. Do so, particularly if travelling some distance to view the property.
Neil Kaye Estate Agents for themselves and the vendors or lessors of this property whose agents they are, given notice that these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract.
NONE OF THE STATEMENTS CONTAINED IN THESE PARTICULARS AS TO THIS PROPERTY ARE TO BE RELIED UPON AS STATEMENTS OR REPRESENTATIONS OF FACT
Monday to Friday 9am to 5pm
Saturday 10am to 1pm.

Agent Details

Neil Kaye Estate Agents, Hull

01482 251746

Next Steps?

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