2-bedroom terraced house · HU3 3QH
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £70,000 - £80,000 - Offered to the market with no onward chain, this two-bedroom mid-terrace house presents an exciting opportunity for first-time buyers, investors, or those seeking a property with scope to add value through refurbishment.
Situated in a highly convenient location, the home is just moments from a wide range of local amenities, reputable schools, the hospital, and excellent transport links, ensuring every-day essentials and commuting needs are effortlessly catered for.
Stepping inside, you are greeted by a large open living room bathed with natural light that gives a sense of space and versatility, enhanced by a feature archway that adds character and charm to the main reception area.
This inviting space is ideal for relaxing with family or entertaining guests, offering endless potential for personalisation and modernisation to suit your lifestyle.
The kitchen, with separate utility room, provides scope for reconfiguration and the ability to evolve the layout to the owners needs.
There is also a practical downstairs toilet, providing additional convenience for residents and visitors alike.
Upstairs, two generous bedrooms offer comfortable accommodation, each with ample natural light and the promise of becoming tranquil retreats with a touch of updating.
The large bathroom also houses the boiler. This property offers ample scope for creative transformation, allowing you to put your own stamp on a home brimming with potential.
EPC Rating: C Disclaimer Anti-Money Laundering - We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal, who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £60(incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 118 Somerset Street, Hull
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