2 Bed Flat, Single Let, Hull, HU3 2SQ, £50,000

159 Coltman Street, Hull, East Riding of Yorkshire. HU3 2SQ - 7 views - a year ago

Leasehold
BTL
ROI: 19%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£34K - £140K
Sold Prices/m²£435/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£60,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Total Cash In

£15,200

 

 

Cash Out

 

Rent Range

£375 - £725

Rent Estimate

£525

Running Costs/mo

£281

Cashflow/mo

£244

Cashflow/yr

£2,925

ROI

19%

Gross Yield

13%

Local Sold Prices

50 sold prices from £34K to £140K, average is £84.3K. £435/m² to £2.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£64K09/210.17 mi70, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DP2
£50K11/220.24 mi111, Linnaeus Street, Hull, City Of Kingston Upon Hull HU3 2QT2
£34K04/220.38 mi654, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LX2
£80K04/220.43 mi362, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LT2
£73K01/220.43 mi54, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR2
£50K06/220.51 mi9, Brisbane Street, Hull, City Of Kingston Upon Hull HU3 2HS2
£45K01/220.55 mi14, Hobart Street, Hull, City Of Kingston Upon Hull HU3 2EX2
£37K07/220.57 mi172, Cambridge Street, Hull, City Of Kingston Upon Hull HU3 2EF2
£45K07/210.57 mi196, Porter Street, Hull, City Of Kingston Upon Hull HU1 2RF2
£61K12/220.57 mi41, St Lukes Street, Hull, City Of Kingston Upon Hull HU3 2EL2
£72.5K01/230.57 mi137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£100K08/220.58 mi43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL2
£70K06/220.58 mi147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£70K10/200.72 mi345, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 1LD2
£140K06/220.9 mi26, Kingston Wharf, Hull, City Of Kingston Upon Hull HU1 2ES2
£98.5K08/210.95 mi55, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG2
£120K09/220.95 mi31, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG2
£115K10/210.96 mi4, Boatswain Croft, Hull, City Of Kingston Upon Hull HU1 2EJ2
£98K03/230.96 miFlat 14, Warehouse 13, Kingston Street, Hull, City Of Kingston Upon Hull HU1 2DZ2
£112.5K03/231.12 mi4, Black & Amber Way, Hull, City Of Kingston Upon Hull HU4 6BQ2
£106K09/211.13 mi3, Jensen Mews, Hull, City Of Kingston Upon Hull HU4 6AX2
£106K09/211.14 mi3, Jensen Mews, Hull, City Of Kingston Upon Hull HU4 6AX2
£41K03/221.21 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£115K11/221.23 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£107.5K03/211.23 mi10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£48.5K05/221.25 mi59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ2
£50K07/211.27 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£50K07/211.27 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£77K08/221.3 mi7, Northella Drive, Hull, City Of Kingston Upon Hull HU4 6DE2
£82.5K04/221.3 mi11, Northella Drive, Hull, City Of Kingston Upon Hull HU4 6DE2
£38K11/221.38 mi106, Lindsey Place, Hull, City Of Kingston Upon Hull HU4 6AF2
£50.5K03/211.38 mi57, Lindsey Place, Hull, City Of Kingston Upon Hull HU4 6AF2
£75K10/221.4 mi17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£62K07/211.4 mi11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£127K06/231.58 mi88, South Bridge Road, Hull, City Of Kingston Upon Hull HU9 1TL2
£71.3K04/221.59 mi32, Lowdale Close, Hull, City Of Kingston Upon Hull HU5 5DS2
£127.5K03/221.68 mi37, Ha'penny Bridge Way, Hull, City Of Kingston Upon Hull HU9 1HD2
£110K04/231.71 mi139, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX2
£108K02/211.71 mi89, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX2
£108K02/211.71 mi29, Plimsoll Way, Hull, Humberside HU9 1PW2
£100K08/221.71 mi35, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PW2
£125K03/231.75 mi14, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£106.5K06/221.75 mi16, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£107K12/211.8 mi61, Impala Way, Hull, City Of Kingston Upon Hull HU4 6UH2
£100K03/231.8 mi7, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£105K12/201.8 mi3, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£83.5K12/221.8 mi4, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£118K05/221.8 mi6, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£97.5K05/221.8 mi5, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£85K08/211.83 mi19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2

Local Rents

32 rents from £375/mo to £725/mo, average is £623/mo.

RentDateDistanceAddressBeds 
£55010/240.03 mi-2
£67004/250.05 mi-2
£49503/250.1 mi-2
£60003/240.13 mi-2
£65012/240.13 mi-2
£60012/240.13 mi-2
£70005/240.13 mi-2
£65004/240.16 miRoyal Mews, Hull, East Riding Of Yorkshire, HU32
£62505/240.17 miRenaissance House, 49 Boulevard, Hull, HU3 2TS2
£62504/240.2 miAlbert Avenue, Wellsted Street, Hull2
£66305/240.23 miColtman Street, Hull, East Riding Of Yorkshire, HU32
£65010/240.24 mi-2
£67511/230.24 mi-2
£70003/250.24 mi-2
£60003/250.25 mi-2
£52505/240.25 miAylesford Street, Hull, East Riding of Yorkshire, HU32
£65010/240.26 mi-2
£59504/240.26 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£59505/240.26 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£59504/240.26 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£55005/240.28 miBarberry Court, Hull, HU3 2QX2
£55905/240.3 miLinnaeus Street, Hull, East Riding Of Yorkshire, HU32
£62505/240.32 miAvenue Crescent, Albemarle Street, Hull, East Riding Of Yorkshire, HU32
£48502/240.34 mi-2
£48502/240.34 mi-2
£64003/250.43 mi-2
£72503/250.44 mi-2
£72503/250.44 mi-2
£37504/240.46 miFlat 2 8 Granville Street, Hull, HU32
£62001/250.52 mi-2
£57504/240.57 miClarendon Street, Hull, HU32
£65001/250.59 mi-2

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.48 miles away

Nearest school

0.30 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £50,000

January 17, 2024

Description

  • Excellent Investment Opportunity +
  • For Sale With Tenant in Situ Currently Achieving £6300PA +
  • Modern Kitchen +
  • Good Size Lounge +
  • Gas Central Heating +
  • Full Upvc Double Glazing +
  • Large Rear Garden +
  • Within Walking Distance To There City Centre +

ATTENTION INVESTORS 2-bedroom ground floor flat (Leasehold) offered For Sale with Tenants in Situ currently achieving £6300PA
Located to the west of the city within walking distance to the city centre. Briefly comprising communal Entrance, Entrance Hall, Lounge, Fitted Kitchen with built-in oven and hob and extractor hood, Family Bathroom and 2 Double Bedrooms. There is a good size garden to the rear and the property also boasts gas central heating and uPVC double glazed windows

Agent Details

Let's Move Sales and Lettings, Hull

01482 251802

Next Steps?

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