9 Redhill Park, Hull, East Yorkshire, HU6 8QH

Description

Substantial three floor semi-detached house. Long leasehold semi-detached house arranged over ground, first and second floors with driveway leading to garage and rear garden. Within walking distance of the University of Hull.

Accommodation

Second floor: master bedroom with en-suite and two further bedrooms. First floor: reception room, one bedroom and bathroom/WC. Ground floor: kitchen/diner, cloakroom/WC and hall. Outside: front driveway leading to garage and rear garden.

Location

Situated on Redhill Park, off Hall Road via Hainsworth Park. Public transport links include Hull Paragon Interchange mainline rail station and local bus services. Road links include the A1079 Beverley Road and A63, providing access to Hull city centre and the wider motorway network. Local amenities include shops in North Hull, Hull City Centre and Kingswood Retail & Leisure Park. Recreational spaces include East Park, Pearson Park and the grounds surrounding the University of Hull.

Tenure / Property Information

Investment Analysis

The £160,000 guide is broadly consistent with the £160,000 sale of 5 Redhill Park in 2018, but the evidence is historic and variable: 1 Redhill Park sold for £126,000 in 2021, while older sales of the subject property were £110,000 in 2016 and £181,500 in 2007. An indicative evidence-based range is therefore £126,000–£183,500, with £160,000 used as the base estimate. This is not a current formal valuation and the guide may not represent market value.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautious income purchase if the tenancy, actual rent, service charge, ground rent and special conditions are verified. At the £160,000 guide, the evidenced asking-rent yield is weak and does not support an aggressive bid.

Works Required

No specific defects or refurbishment requirements are evidenced. Verify condition, heating, services, tenancy compliance, kitchen, bathrooms, roof, windows and external areas before bidding; no works allowance can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £160,000 guide, 75% of the indicative £160,000 GDV is £120,000. However, refurbishment costs, service charge, ground rent, seller fees and other acquisition costs are unknown, so total project cost and cash left in cannot be calculated reliably. The low indicated rental yield also makes refinance-based cash extraction uncertain.

Buy-to-Let Analysis

The supplied £464 pcm figure is an advertised Hull asking rent, not achieved or confirmed rent for this property. At the £160,000 guide it equates to approximately 3.48% gross yield before finance, service charge, ground rent, management, maintenance, voids and tax. The tenancy is stated to run for 12 months from 5 December 2025, but passing rent and tenancy terms beyond that are not supplied. Service charge and ground rent are also unknown, so BTL economics cannot be fully established.

Flip Analysis

The guide is close to the £160,000 2018 sale of 5 Redhill Park, but the available comparables are historic and range from £126,000 to £183,500. There is no current formal valuation, supported refurbishment budget or selling-cost allowance. A reliable flip surplus therefore cannot be calculated.

Investor Risks & Due Diligence

• The £464 pcm figure is an advertised asking rent rather than achieved or confirmed rent for the subject property.

• The tenancy is stated to run for 12 months from 5 December 2025, but actual rent, arrears, deposit and post-expiry arrangements are not supplied.

• Annual service charge and ground rent are unknown for the long leasehold property.

• The seller may charge additional completion fees under the special conditions, but amounts are not supplied.

• Historic comparable sales vary materially and do not establish a current market value.

• Property condition and any refurbishment requirement are not evidenced.

• The low gross yield excludes finance, management, maintenance, voids, tax and leasehold costs.

Recommendation

Proceed only as a cautious income purchase if the tenancy, actual rent, service charge, ground rent and special conditions are verified. At the £160,000 guide, the evidenced asking-rent yield is weak and does not support an aggressive bid.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, historic sales and one advertised rental figure are supplied, but current valuation evidence, actual passing rent, service charge, ground rent, condition, refurbishment costs and possible seller fees are missing.