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Refurb y 3 Whitby Street, HULL

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Investment Highlights
 Current Market Value: £70,000
 Discount Price: £52,500
 Discount:25%
 Mortgage: just £205
 Rental: £420 pcm
 Cash Positive: £215 pcm
 Packaging fee: £4,995 +VAT
Property Overview
2 bedroom refurbished terrace,

Property Information
Number of Bedrooms 2

Property Age Unknown

Type of Property House

If Apartment – How many floors does the building have n/a

What floor is the Apartment on n/a

Are there any commercial units below? If yes what type? n/a

Type of Construction Brick

Freehold or Leasehold Freehold

Length remaining on Lease n/a

Service Charge and Ground Rent n/a

What type of heating does the property have? Unknown

If Gas Central Heating – What type of Boiler? How old is the boiler? Unknown

Double Glazed? Yes

 Local Area
Kingston upon Hull , often referred to as Hull, is a city and unitary authority area in
the ceremonial county of the East Riding of Yorkshire, England. It is located
25 miles (40 km) from the North Sea on the River Hull at its junction with the
Humber estuary. Hull has a resident population of 258,700 (2008 est.). Renamed
Kings town upon Hull by King Edward I in 1299, the town and city of Hull has served
as market town, military supply port, trading hub, fishing and whaling centre, and
industrial metropolis.

Local Area Map

 Neighbourhood Profile Family income Low

Often, many of the people who live in Interest in current affairs Very low
this sort of postcode will be low income Housing - with mortgage Low
families living in terraced estates. These Educated - to degree level Very low
are known as type 47 in the ACORN
classification and 2.41% of the UK's Couples with children Medium
population live in this type. Have satellite TV Medium

Neighbourhoods fitting this profile can be found throughout the country, including
in Motherwell, Knowsley, Dagenham, Hartlepool and Sunderland.
These are poor families in low-rise estates.

The estates are home to nearly as many single parents as traditional two parent
families. There are many school age children and families are larger than average.
There are also some couples whose children have left home. Housing is usually in
the form of low-rise council terraces, perhaps with three bedrooms, but still
crowded for the size of family.

To be earning anything approaching an average income is rare. Long-term

unemployment is high, and employment is routine factory or manual work.

Travel is on foot or by public transport since few own a car.

With money tight, food shopping might be in Aldi or Kwik Save. Clothes might be
bought at Asda, New Look or frequently from catalogues.

In common with other low income types, the pub, betting, football pools, lottery
and bingo are common activities and entertainments. One luxury might be cable
TV
Due Diligence

Sales Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove

2 bed terraced
Kathleen Road
£71,950

2 bed terrace
Rosemead Street
£69,950

1 bed apartment
Trinity Court
£72,950
Due Diligence

Rental Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove

1 bed apartment
Trinity Court
£425 pcm

2 bed terrace
Kathleen Road
£400 pcm

2 bed terraced
Cumberland Villas
£425 pcm
 Deal Structure
Market Value: £70,000
Purchase Price: £52,500
Mortgage Borrowing LTV:75% £52,500
Additional Deposit required from you: £0
Mortgage Payment: £205 pcm
Market Rent: £420 pcm
Actual Rent: £0
Tenanted: No
Packaging fee:* £4,995 +VAT
• Packaging fee covers all legal, bridging and broker fees. The client will pay the valuation fees
directly to the lender and disbursements to the solicitor.