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De Grey Street, Kingston Upon Hull

Yorkshire

£210,000
Listed on 31/01/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique investment opportunity featuring two front-facing flats that are primed for complete refurbishment. These spacious units serve as a perfect foundation for investors or developers aiming to create modern, sought-after rental spaces or stylish residences. Additionally, the generously sized rear yard comes with planning permission approved for the construction of two more buildings, greatly enhancing the potential for value appreciation and increased rental income. With such development permissions already in place, this is an excellent opportunity to maximize returns in a rapidly growing area. It’s ideal for those looking to undertake a project that stands out in terms of potential and location.

Investment Analysis

(HU5 area)
Area Average
£158/sq ft
Avg Rent (weekly)
£196
Avg Yield
7.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
64%
Properties sold annually

Local Market Trend (HU5)

Area prices are falling by -2.7% over the last 12 months
3 year growth: +3.2%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on HU5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

De Grey Street, Kingston Upon Hull
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£757
Based on a loan of £157,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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