30 Tamar Grove, Hull, East Yorkshire

Description

Ideal investment opportunity perfect for landlords, investors and developers. Vacant possession on completion, allowing immediate occupation, letting, or refurbishment. An excellent opportunity for cash buyers, investors and developers to acquire this spacious three-bedroom end-terrace property, offering generous accommodation over three floor levels. A useful loft space provides additional accommodation potential, although buyers should note that it has not been completed to Building Regulations standards. Externally, the property benefits from off-street parking and a private enclosed rear garden. Situated within a popular residential location, the property is conveniently placed for local schools, shops, amenities and transport links, offering strong appeal for future tenants and homeowners. This represents an excellent investment opportunity with scope to add value after a programme of modernisation. The property is understood to be of non-standard construction. As this is a cash purchase, prospective buyers should satisfy themselves as to the suitability of the construction type and undertake their own due diligence.

Accommodation

Ground Floor: Entrance Hall, Lounge and Kitchen. First Floor: Landing, Three Bedrooms and Bathroom. Second Floor: Attic Room. External: Off-road Parking and Rear Garden.

Location

Situated within a popular residential location, conveniently placed for local schools, shops, amenities and transport links.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-street sale at 9 Tamar Grove for £70,000 in August 2025. Other same-street sales range from £55,000 to £84,600, but several are older and condition is not provided. A base GDV of £70,000 is therefore used, with a broad evidence-supported range of £55,000 to £84,600. The £85,000 guide is above the latest comparable sale, and the £1,800 inclusive admin charge takes the known acquisition figure to £86,800 before any works or seller-charged fees. Non-standard construction, the incomplete loft and unknown condition materially reduce valuation confidence.

Investment Snapshot

Strategy Recommendation

Proceed only after a building survey, non-standard construction assessment, loft compliance review and detailed refurbishment quotations. On the supplied evidence, avoid bidding at or above the £85,000 guide unless materially stronger valuation and cost evidence is obtained.

Works Required

Undertake a full inspection and obtain quotes for the described programme of modernisation. Assess the kitchen, bathroom, finishes, services, heating and general condition before budgeting. The loft/attic room should not be treated as compliant additional accommodation until Building Regulations and suitability are verified. Obtain specialist advice on the non-standard construction.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £70,000 base GDV, 75% refinancing equates to £52,500. The cash requirement cannot be calculated because refurbishment costs, finance costs and any other applicable completion charges are unsupported. Non-standard construction and the unregulated loft may also affect lender appetite and valuation, requiring specialist lender and survey confirmation.

Buy-to-Let Analysis

The supplied advertised asking rents range from £662 to £1,200 pcm, producing a broad gross yield range of approximately 9.3% to 16.9% against the £85,000 guide. These listings are not confirmed achieved rents and are not all stated to be in Tamar Grove, so a reliable property-specific rent and total-cost yield cannot be established. At the guide, the known £1,800 admin charge already takes the purchase cost above the latest £70,000 same-street sale before works and other possible charges.

Flip Analysis

A flip appraisal cannot be reliably completed because refurbishment costs, resale costs and the property's current condition are not supplied. The £85,000 guide is already above the latest same-street sale at £70,000, while the known admin charge adds £1,800 before works and any seller-charged fees. The deal therefore shows no evidenced margin at guide price.

Investor Risks & Due Diligence

• Non-standard construction may restrict mortgage and refinance availability.

• The loft/attic room has not been completed to Building Regulations standards and cannot be assumed to provide compliant additional accommodation.

• Current condition and the cost of modernisation are not supplied.

• The latest same-street comparable sold for £70,000, below the £85,000 guide.

• Rental figures are advertised asking rents and are not confirmed achieved rents or all directly local to the property.

• A £1,800 inclusive admin charge is payable, and the seller may charge additional completion fees.

Recommendation

Proceed only after a building survey, non-standard construction assessment, loft compliance review and detailed refurbishment quotations. On the supplied evidence, avoid bidding at or above the £85,000 guide unless materially stronger valuation and cost evidence is obtained.

Strategy Rating

Analysis Confidence

There is useful same-street sold-price evidence and broad rental asking evidence, but current condition, refurbishment cost, achieved rent, construction details, seller fees and finance terms are unknown.