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Detached Bungalow · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 27% below the area median — limited negotiation margin. Strong value at current asking price.
🔨 Refurb Cost Estimate
Refurb cost estimate pending — this listing hasn't been through cost analysis yet. Runs nightly; check back within 24–48 hours.
🔧 Local Trades
| Trade | Name | Phone | |
|---|---|---|---|
| builder | Building Contractor in Hull, House Extensions in Hull | 01482 714 371 | — |
| decorator | Painting and decorating from Mike Walker Painter & Decorator in Hull | 07792 262 861 | — |
| photographer | Darryl Brooks Photography | 07762 484541 | — |
Property Details
- Asking Price
- £185,000
- Property Type
- Detached Bungalow
- Bedrooms
- 2
- Bathrooms
- N/A
- Floor Area
- 500–600 sqft
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Comparable Sales in this postcode sector
🔍 Filtered to 1-3-bedroom comparable sales only.
| Address | Type | Beds | Price | £/sqft | Date | Distance |
|---|---|---|---|---|---|---|
| Sector sale 1 | Detached | 3 | — | — | — | — |
| Sector sale 2 | Detached | 3 | — | — | — | — |
■ Above subject ■ Below subject
ⓘ Bedroom counts are estimated from EPC records or floor area, since Land Registry sales don’t record bedrooms directly.
Location
Motivated Seller Analysis
Watch — 4/10Behavioural signals: 119 days on marketBelow market value
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £577 |
| ICR (actual) | 1.05x |
| Feasibility | REFER |
| Notes: Rental coverage 75% — below 100% stressed coverage, most lenders will decline | |
| 💲 Total Cash Required | |
| Purchase Price | £185,000 |
| Deposit (25% — 75% LTV) | £46,250 |
| SDLT (additional property, 5% surcharge) | £10,450 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £59,699 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
Tests lender affordability (rent vs. mortgage interest) — a different calculation from the BRRR Strategy card above, which tests capital recycled via refinance.
| Purchase price | £185,000 | Loan (75% LTV) | £138,750 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £636 |
| Rent needed (1.5×) | £954/mo | Estimated rent | £604/mo |
| Stress ratio | 0.95× (need ≥ 1.5×) £350 shortfall | ||
Assumptions: 75% LTV · 5.5% interest only · 1.5× rent coverage (standard lender requirement). Actual lender criteria vary — verify with your broker.
Exit Strategy
Capital appreciation projections at 2.5% pa (a flat UK-wide assumption — not adjusted for this property's specific location). Assumes 75% LTV interest-only mortgage redeemed on sale. Excludes rental income.
How is this calculated?
This is a simplified projection based on comparable sales data and an estimated refurb cost. It does not currently account for seller motivation signals, nearby planning applications, or the area's wider demographic profile — see the relevant sections elsewhere in this report for those. Not financial advice.
| Est. reno cost | Unknown — score listing |
| Cash left in deal | Unknown |
| SA gross/mo | £1,635 |
| SA net/mo | £1,289 |
| BTL est./mo | £604 |
| SA vs BTL uplift | +£1,031/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £199,225 | +£14,225 | £53,292 | +£7,042 (3.8%) |
| 5 years | £209,311 | +£24,311 | £60,806 | +£14,556 (7.9%) |
| 7 years | £219,907 | +£34,907 | £68,701 | +£22,451 (12.1%) |
Projections: 2.5% pa UK-wide HPI assumption (not location-adjusted), 75% LTV IO mortgage redeemed at sale, 1.5% EA, £1,500 legal, 24% CGT above £3k allowance. Not financial advice.
Finance This Investment
Property SPV
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📈 Rental Yield & ROI Forecast
Compound-growth projection: 2.5% annual rent growth + 3% capital growth. IO mortgage throughout. For illustration only.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £7,252 | £190,550 | £4,776 | £-2,161 | £3,389 | 5.6% |
| Yr 3 | £7,619 | £202,154 | £5,041 | £-6,088 | £11,066 | 18.2% |
| Yr 5 | £8,005 | £214,466 | £5,318 | £-9,467 | £19,999 | 32.9% |
| Yr 10 | £9,057 | £248,625 | £6,076 | £-15,327 | £48,297 | 79.4% |
| Yr 15 | £10,247 | £288,224 | £6,933 | £-17,107 | £86,117 | 141.6% |
| Yr 20 | £11,593 | £334,131 | £7,902 | £-14,270 | £134,860 | 221.8% |
| Yr 25 | £13,117 | £387,349 | £8,999 | £-6,210 | £196,139 | 322.6% |
| Yr 30 | £14,841 | £449,044 | £10,240 | £7,760 | £271,804 | 447.0% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
🌎 Area Profile — Yorkshire ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £513 | 3.3% | 1.9% | £-455 | -18.1% |
| Conservative | £562 | 3.6% | 2.3% | £-280 | -5.8% |
| Base | £604 | 3.9% | 2.6% | £-180 | -0.7% |
| Optimistic | £652 | 4.2% | 2.9% | £-75 | 5.0% |
| Bull | £713 | 4.6% | 3.3% | £42 | 12.2% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●3.92% |
| Net Yield | ●2.58% |
| Net Annual Income | £4,774 |
| Deductions: void 8% (−£580) · mgmt 10% (−£725) · maint 10% (−£725) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £577 |
| Monthly Cashflow (IO) | ●£-179 |
| Cash-on-Cash Return | ●-3.56% |
| 5-Year IRR | ●-0.7% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £10,450 |
| SDLT Effective Rate | 5.65% |
| SDLT (Company) | £10,450 |
| Section 24 Extra Tax/yr (higher rate) | £932 |
| SPV Annual Saving | £932 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £214,466 |
| Less: Purchase Price | −£185,000 |
| Less: Buying Costs (SDLT + legal) | −£13,050 |
| Less: Selling Costs (est. 2.5%) | −£5,362 |
| = CGT Net Gain (5yr) | £11,054 |
| CGT at 24% | £1,933 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £513 | 3.3% | 1.9% | £-455 | -18.1% |
| Conservative | £562 | 3.6% | 2.3% | £-280 | -5.8% |
| Base | £604 | 3.9% | 2.6% | £-180 | -0.7% |
| Optimistic | £652 | 4.2% | 2.9% | £-75 | 5.0% |
| Bull | £713 | 4.6% | 3.3% | £42 | 12.2% |
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