67 Egton Street, Hull, East Riding of Yorkshire

Description

A vacant, well presented, two bedroom through terraced house, in Hull. The property would make a good addition to a buy to let portfolio, or starter home. It has been recently refurbished and features an EPC rating of C, which will futureproof it against new legislation. With a central heating system and double glazing, this is ready to be occupied.

Accommodation

Ground Floor: Lounge, Middle Room, Kitchen and Shower Room. First Floor: Landing and Two Bedrooms.

Location

Located in Hull, Egton Street benefits from proximity to local schools and amenities, offering convenience for families and individuals alike. The surrounding area provides easy access to shops and public transport links, ensuring connectivity with the rest of the city.

Tenure / Property Information

Investment Analysis

Comparable completed sales on Egton Street range from £60,000 to £80,000. The same property, 67 Egton Street, sold for £80,000 in May 2025, while nearby sales include £64,000 and £68,000. A conservative base GDV of £68,000 is used, with £64,000 as the low case and £80,000 as the high case. The property is described as recently refurbished and ready for occupation, but no independent survey or current valuation is supplied.

Investment Snapshot

Strategy Recommendation

Best suited to a buy-to-let or owner-occupier purchase if the advertised rent and condition are verified. Avoid relying on a flip strategy unless the purchase price remains below guide-equivalent levels and all selling, finance and legal costs are confirmed.

Works Required

No specific refurbishment works are identified in the supplied description. The house is stated to be recently refurbished, with central heating, double glazing and EPC C. Allowance excludes any defects, compliance items or works revealed by inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £68,000 base GDV, 75% refinance proceeds are estimated at £51,000. Against the guide price and the £2,400 buyer premium, with no refurbishment allowance, indicative cash left in is approximately £13,900 before finance, tax and any additional fees. The refinance outcome depends on lender valuation, rent assessment, credit criteria and the property's legal and survey position.

Buy-to-Let Analysis

At the £62,500 guide, the supplied advertised asking rent of £625 pcm equates to £7,500 annually and a gross yield of 12.0% before costs. Including the £2,400 minimum buyer premium, the gross yield is approximately 11.6%. This is an asking rent rather than achieved or passing rent, and no allowance is made for voids, management, maintenance, finance, tax or other special-condition fees.

Flip Analysis

At the guide price, base acquisition cost is approximately £64,900 including the minimum buyer premium. Against the £68,000 base GDV, the pre-selling-cost margin is approximately £3,100. No selling allowance, finance cost, tax or additional auction fees are supplied, so a reliable net flip surplus cannot be established. The margin appears thin for a flip.

Investor Risks & Due Diligence

• The £625 pcm figure is an advertised asking rent, not a passing or achieved rent.

• The £80,000 same-property sale and other comparables may not reflect the property's current condition or market value.

• Additional fees may be listed in the Special Conditions of Sale and are not quantified.

• No survey, legal pack, tenure confirmation or detailed condition report is supplied.

• The estimated flip margin is thin before selling costs, finance, tax and other expenses.

• The minimum buyer premium of £2,400 applies at the £62,500 guide price.

Recommendation

Best suited to a buy-to-let or owner-occupier purchase if the advertised rent and condition are verified. Avoid relying on a flip strategy unless the purchase price remains below guide-equivalent levels and all selling, finance and legal costs are confirmed.

Strategy Rating

Analysis Confidence

The analysis has several directly comparable completed sales, including the same address, and one advertised rental figure. Confidence is reduced by the absence of tenure details, survey evidence, council tax, additional auction fees, achieved rent and confirmed condition or valuation.