2 Bed Flat, Single Let, Hull, HU5 2QG, £50,000

Queens Road, Hull, HU5 2QG - a year ago

Leasehold
BTL
ROI: 7%
~68 m²
+7 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

£62,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£85 - £1,590

Rent Estimate

£333

Running Costs/mo

£243

Cashflow/mo

£90

Cashflow/yr

£1,082

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £34K to £140K, average is £84.3K. £435/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£41K03/220.27 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£50K07/210.66 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£50K07/210.66 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£115K11/220.83 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£107.5K03/210.83 mi10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£100K08/220.91 mi43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL2
£70K06/220.94 mi147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£72.5K01/230.94 mi137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£48.5K05/221.12 mi59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ2
£37K07/221.3 mi172, Cambridge Street, Hull, City Of Kingston Upon Hull HU3 2EF2
£34K04/221.3 mi654, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LX2
£80K04/221.3 mi362, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LT2
£61K12/221.37 mi41, St Lukes Street, Hull, City Of Kingston Upon Hull HU3 2EL2
£45K01/221.39 mi14, Hobart Street, Hull, City Of Kingston Upon Hull HU3 2EX2
£50K11/221.44 mi111, Linnaeus Street, Hull, City Of Kingston Upon Hull HU3 2QT2
£45K07/211.47 mi196, Porter Street, Hull, City Of Kingston Upon Hull HU1 2RF2
£50K06/221.51 mi9, Brisbane Street, Hull, City Of Kingston Upon Hull HU3 2HS2
£75K10/221.59 mi17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£62K07/211.59 mi11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£64K09/211.6 mi70, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DP2
£98K03/231.6 miFlat 14, Warehouse 13, Kingston Street, Hull, City Of Kingston Upon Hull HU1 2DZ2
£140K06/221.6 mi26, Kingston Wharf, Hull, City Of Kingston Upon Hull HU1 2ES2
£71.3K04/221.66 mi32, Lowdale Close, Hull, City Of Kingston Upon Hull HU5 5DS2
£115K10/211.68 mi4, Boatswain Croft, Hull, City Of Kingston Upon Hull HU1 2EJ2
£80K07/211.69 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£73K01/221.69 mi54, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR2
£98.5K08/211.7 mi55, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG2
£120K09/221.7 mi31, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG2
£85K06/221.72 mi69, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/211.73 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£87K12/211.8 mi292a, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 8LJ2
£127K06/231.82 mi88, South Bridge Road, Hull, City Of Kingston Upon Hull HU9 1TL2
£108K02/211.87 mi29, Plimsoll Way, Hull, Humberside HU9 1PW2
£100K08/221.87 mi35, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PW2
£125K03/231.87 mi14, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£106.5K06/221.88 mi16, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£127.5K03/221.9 mi37, Ha'penny Bridge Way, Hull, City Of Kingston Upon Hull HU9 1HD2
£97.5K05/221.9 mi5, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£83.5K12/221.9 mi4, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£118K05/221.9 mi6, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£100K03/231.9 mi7, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£105K12/201.9 mi3, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£110K04/231.9 mi139, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX2
£108K02/211.9 mi89, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX2
£73.5K10/221.93 mi50, Dayton Road, Hull, City Of Kingston Upon Hull HU5 5TF2
£120K06/221.93 mi38, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB2
£110K05/221.93 mi75, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB2
£95K12/201.93 mi19, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB2
£67.5K06/211.94 mi11, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£65K04/221.95 mi2, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2

Local Rents

52 rents from £85/mo to £1.6K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60005/240.1 mi-2
£65001/250.1 mi-2
£70004/250.1 mi-2
£62504/240.11 miSt Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU52
£52505/240.12 mi-2
£72501/240.12 miFlat 4,BeechwoodPearson Park,Hull,HU52
£72501/240.12 miFlat 1, Beechwood, 49 Pearson Park,Hull,HU52
£76004/240.12 mi43 Pearson Park, Flat 2 Studley House, Hull, East Riding Of Yorkshire, HU52
£55004/240.13 mi-2
£55004/240.13 mi-2
£55004/240.13 mi-2
£41212/230.14 miDe Grey Street, Hull2
£41212/230.14 miDe Grey Street, Hull2
£65004/240.15 miFlat C 2 Pearson Park, Hull, HU5 2SY2
£57503/240.17 mi-2
£52005/240.17 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£60004/250.17 mi-2
£60004/240.18 miFlat 3, 6 Pearson Park, Beverley Road2
£8512/230.22 miGrafton Street, Hull2
£36805/240.22 miGrafton Street, Hull2
£95012/240.23 mi-2
£79504/240.24 miPearson Park, HULL2
£62512/240.24 mi-2
£79506/240.25 mi-2
£79504/240.25 miKingston Villas, Hull, HU52
£80001/250.25 mi-2
£55005/240.26 mi3 Folkstone Avenue, Hull, HU5 1BU2
£55005/240.26 mi3 Folkstone Avenue, Hull, HU5 1BU2
£59504/240.26 miCranbourne Avenue, Fenchurch Street, Hull, East Riding Of Yorkshire, HU52
£74505/240.28 miVictoria Avenue, Princes Avenue, Sculcoates, Hull, HU5 3DR2
£58301/250.28 mi-2
£67504/240.29 mi-2
£66004/250.29 mi-2
£1,59002/250.29 mi-2
£85005/240.31 mi-2
£65012/240.32 mi-2
£65005/240.32 miFarringdon Street, Hull, East Riding Of Yorkshire, HU52
£59505/240.32 miFarringdon Street, HULL, HU5 1JA2
£65004/240.33 miFarringdon Street, Hull2
£60005/240.33 miTemple Street, Sculcoates, Hull, HU5 1AD2
£75003/240.34 mi-2
£75003/240.34 mi-2
£75003/250.34 mi-2
£84512/240.35 mi-2
£75003/250.35 mi-2
£70012/240.35 mi-2
£68504/240.36 mi-2
£60011/240.37 mi-2
£65012/240.37 mi-2
£55012/240.38 mi-2
£50004/240.38 mi-2
£47504/240.38 mi-2

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Price changed to £50,000

November 6, 2024

Price changed to £60,000

September 26, 2024

Listed for £65,000

March 22, 2024

Floor Plans

Description

  • 2 Bedroom Ground Floor Flat +
  • To Be Sold With Tenant In Situ +
  • Brilliant Investment Opportunity +
  • Great Local Amenities +
  • Long Standing Tenant +

SUMMARY
William H. Brown are delighted to market this great investment opportunity! This 2 bedroom ground floor flat with tenant on situ is a great start or addition to any investors portfolio!

DESCRIPTION
Presenting this lucrative investment opportunity, a 2 bedroom ground floor flat with a tenant already in place, ensuring immediate rental income.
Located in close proximity to an array of local amenities, this property promises convenience and comfort for both tenants and landlords alike. Whether you're an experienced investor looking to expand your portfolio or a newcomer seeking a stable investment, this property offers a hassle-free option with its tenant already settled.
Don't miss out on the chance to capitalize on this prime investment opportunity in a sought-after location.

Entrance Hall 
Wooden door to the side.

Lounge 11' 4" max x 17' 10" max ( 3.45m max x 5.44m max )
Two double glazed windows to the front, feature fire surround with electric fire, boiler and a radiator.

Kitchen 8' 5" x 6' 11" ( 2.57m x 2.11m )
Fitted kitchen with a range of wall and base units, work surfaces, gas cooker, stainless steel sink, plumbing for an automatic washing machine, radiator and double glazed window to the front.

Bedroom 1 8' 3" x 12' 2" ( 2.51m x 3.71m )
Double glazed window to the rear and a radiator.

Bedroom 2 8' 3" x 6' 10" ( 2.51m x 2.08m )
Double glazed window to the rear and a radiator.

Bathroom 
Bathroom with panelled bath and shower over, low level W/C, pedestal wash hand basin, radiator and double glazed window to the rear.

DIRECTIONS
See below map for property location, for further information please contact the Residential Sales Team on .

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Hull Newland Avenue

01482 251831

Next Steps?

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