2 Bed Flat, Single Let, Hull, HU3 1QS, £109,950

Peel Street, Hull, HU3 1QS - 9 months ago

BTL

ROI: 2%

~68 m²

+8 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.6K/m²
Value Estimate	£115,265£115,265
BMV	5%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,488£27,488
Stamp Duty & Legal Fees	£6,698£6,698
Total Cash In	£34,185£34,185

Cash Out
Rent Range	£495 - £1,590£495 - £1,590
Rent Estimate	£523
Running Costs/mo	£468£468
Cashflow/mo	£55£55
Cashflow/yr	£658£658
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £34K to £140K, average is £98.3K. £435/m² to £2.5K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£41K	03/22	0.34 mi	27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ	-	-	2	Flat
£70K	06/22	0.36 mi	147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN	£1,399	50	2	Flat
£72.5K	01/23	0.37 mi	137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN	£1,422	51	2	Flat
£100K	08/22	0.45 mi	43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL	-	-	2	Flat
£50K	07/21	0.54 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£50K	07/21	0.54 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£34K	04/22	0.72 mi	654, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LX	-	-	2	Flat
£80K	04/22	0.72 mi	362, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LT	£1,194	67	2	Flat
£37K	07/22	0.74 mi	172, Cambridge Street, Hull, City Of Kingston Upon Hull HU3 2EF	£435	85	2	Flat
£61K	12/22	0.81 mi	41, St Lukes Street, Hull, City Of Kingston Upon Hull HU3 2EL	£836	73	2	Flat
£48.5K	05/22	0.82 mi	59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ	£933	52	2	Flat
£45K	01/22	0.83 mi	14, Hobart Street, Hull, City Of Kingston Upon Hull HU3 2EX	-	-	2	Flat
£115K	11/22	0.85 mi	12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS	£2,018	57	2	Flat
£107.5K	03/21	0.85 mi	10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS	£1,886	57	2	Flat
£50K	11/22	0.86 mi	111, Linnaeus Street, Hull, City Of Kingston Upon Hull HU3 2QT	£710	70	2	Flat
£45K	07/21	0.91 mi	196, Porter Street, Hull, City Of Kingston Upon Hull HU1 2RF	£625	72	2	Flat
£50K	06/22	0.94 mi	9, Brisbane Street, Hull, City Of Kingston Upon Hull HU3 2HS	£758	66	2	Flat
£64K	09/21	1.04 mi	70, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DP	-	-	2	Flat
£140K	06/22	1.09 mi	26, Kingston Wharf, Hull, City Of Kingston Upon Hull HU1 2ES	£2,545	55	2	Flat
£98K	03/23	1.1 mi	Flat 14, Warehouse 13, Kingston Street, Hull, City Of Kingston Upon Hull HU1 2DZ	-	-	2	Flat
£115K	10/21	1.17 mi	4, Boatswain Croft, Hull, City Of Kingston Upon Hull HU1 2EJ	£2,255	51	2	Flat
£98.5K	08/21	1.18 mi	55, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG	£1,894	52	2	Flat
£120K	09/22	1.18 mi	31, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG	£2,308	52	2	Flat
£73K	01/22	1.19 mi	54, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR	£986	74	2	Flat
£75K	10/22	1.46 mi	17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH	-	-	2	Flat
£62K	07/21	1.46 mi	11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH	£1,240	50	2	Flat
£127K	06/23	1.47 mi	88, South Bridge Road, Hull, City Of Kingston Upon Hull HU9 1TL	£1,814	70	2	Flat
£108K	02/21	1.55 mi	29, Plimsoll Way, Hull, Humberside HU9 1PW	£2,000	54	2	Flat
£100K	08/22	1.55 mi	35, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PW	£1,852	54	2	Flat
£127.5K	03/22	1.56 mi	37, Ha'penny Bridge Way, Hull, City Of Kingston Upon Hull HU9 1HD	£1,848	69	2	Flat
£125K	03/23	1.57 mi	14, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ	£2,315	54	2	Flat
£106.5K	06/22	1.57 mi	16, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ	£2,005	53	2	Flat
£110K	04/23	1.58 mi	139, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX	£1,864	59	2	Flat
£108K	02/21	1.58 mi	89, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX	£1,862	58	2	Flat
£71.3K	04/22	1.59 mi	32, Lowdale Close, Hull, City Of Kingston Upon Hull HU5 5DS	£1,414	50	2	Flat
£97.5K	05/22	1.61 mi	5, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	-	-	2	Flat
£83.5K	12/22	1.61 mi	4, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£1,365	61	2	Flat
£118K	05/22	1.61 mi	6, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£2,034	58	2	Flat
£100K	03/23	1.61 mi	7, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	-	-	2	Flat
£105K	12/20	1.61 mi	3, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£1,750	60	2	Flat
£85K	08/21	1.66 mi	19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,574	54	2	Flat
£78.5K	01/23	1.66 mi	19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,454	54	2	Flat
£101K	06/22	1.66 mi	52, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,906	53	2	Flat
£110K	04/22	1.66 mi	44, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£2,037	54	2	Flat
£107K	06/22	1.67 mi	4, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£2,019	53	2	Flat
£110K	05/22	1.68 mi	75, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB	£1,692	65	2	Flat
£95K	12/20	1.68 mi	19, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB	£1,484	64	2	Flat
£120K	06/22	1.68 mi	38, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB	-	-	2	Flat
£106K	09/21	1.7 mi	3, Jensen Mews, Hull, City Of Kingston Upon Hull HU4 6AX	£1,559	68	2	Flat
£112.5K	03/23	1.71 mi	4, Black & Amber Way, Hull, City Of Kingston Upon Hull HU4 6BQ	£1,705	66	2	Flat

Local Rents

51 rents from £495/mo to £1.6K/mo, average is £675/mo.

Rent	Date	Distance	Address	Beds	Type
£495	04/24	0.01 mi	Peel Street, Hull, HU3	2	Flat
£650	01/25	0.03 mi	-	2	Flat
£875	05/24	0.14 mi	Ground Floor, Hull, HU3	2	Flat
£875	06/24	0.14 mi	-	2	Flat
£850	04/24	0.14 mi	-	2	Flat
£850	12/24	0.14 mi	-	2	Flat
£850	12/24	0.14 mi	-	2	Flat
£750	03/25	0.17 mi	-	2	Flat
£525	04/24	0.19 mi	Park Road, Hull, HU3	2	Flat
£525	05/24	0.19 mi	Park Road, Hull, HU3	2	Flat
£775	02/25	0.19 mi	-	2	Flat
£725	03/25	0.2 mi	-	2	Flat
£875	04/25	0.2 mi	-	2	Flat
£650	12/24	0.21 mi	-	2	Flat
£525	04/24	0.27 mi	-	2	Flat
£650	04/25	0.27 mi	-	2	Flat
£650	12/24	0.3 mi	-	2	Flat
£1,590	02/25	0.32 mi	-	2	Terraced House
£850	06/24	0.32 mi	-	2	Terraced House
£850	06/24	0.32 mi	-	2	Terraced House
£950	04/24	0.32 mi	Thoresby Street, Hull, HU5	2	Terraced House
£950	05/24	0.32 mi	Thoresby Street, Hull, HU5	2	Terraced House
£795	04/24	0.33 mi	Kingston Villas, Hull, HU5	2	Flat
£795	06/24	0.33 mi	-	2	Flat
£895	04/24	0.34 mi	Clumber Street, Hull, HU5	2	Terraced House
£895	04/24	0.34 mi	-	2	Terraced House
£795	04/24	0.35 mi	Pearson Park, HULL	2	Flat
£950	12/24	0.35 mi	-	2	Flat
£660	12/24	0.36 mi	-	2	Terraced House
£650	04/25	0.36 mi	-	2	Flat
£575	04/24	0.37 mi	Clarendon Street, Hull, HU3	2	Flat
£675	04/24	0.37 mi	-	2	Terraced House
£650	11/24	0.37 mi	-	2	Flat
£850	05/24	0.38 mi	-	2	Flat
£650	12/24	0.39 mi	-	2	Flat
£625	05/24	0.39 mi	Spring Street, HU2	2	Flat
£525	01/24	0.39 mi	Apartment 9, 12 Spring StreetHullHU2 8RD	2	Flat
£600	04/24	0.39 mi	Urban 1,	2	Flat
£600	04/24	0.39 mi	Urban 1, Spring Street,	2	Flat
£650	04/24	0.4 mi	35 Blenheim Street	2	Terraced House
£595	05/24	0.4 mi	Spring Street, HU2	2	Flat
£600	05/24	0.41 mi	Temple Street, Sculcoates, Hull, HU5 1AD	2	Flat
£800	04/24	0.41 mi	Ferensway, Hull, HU2 8LE	2	Flat
£700	12/24	0.42 mi	-	2	Flat
£600	04/24	0.43 mi	Flat 3, 6 Pearson Park, Beverley Road	2	Flat
£520	05/24	0.43 mi	Pearson Park, Hull, East Riding Of Yorkshire, HU5	2	Flat
£675	04/24	0.43 mi	Blenheim Street, Hull	2	House
£950	12/24	0.43 mi	-	2	Terraced House
£600	05/24	0.43 mi	Clumber Street, Hull, East Riding of Yorkshire, HU5	2	Terraced House
£900	05/24	0.45 mi	Ferensway, Hull, HU2 8LE	2	Flat
£600	04/25	0.45 mi	-	2	Terraced House

Local Area Statistics

Population in HU3	26,64826,648
Population in Hull	313,622313,622
Town centre distance	0.71 miles away0.71 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.73 miles away0.73 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £109,950

January 11, 2025

Listed for £119,950

July 19, 2024

Description

ATTENTION INVESTORS/BUILDERS ! +
PRIVATE ENTRANCE PORCH +
2 X 1 BEDROOM FLATS +
VIEWS OVER RECREATIONAL AREA +
GAS CENTRAL HEATING SYSTEM +

Attention investors!
This traditional double fronted property is currently split into 2 x 1 bedroom flats which briefly comprises of a ground floor flat with a lounge, spacious double bedroom, good sized dining kitchen and bathroom.
To the first floor is flat 2 with a lounge, fitted kitchen, bathroom & bedroom.
There is a secure enclosed courtyard and double utility/laundry rooms.

Additionally, both flats have separate utilities and gas central heating systems.

To be sold with tenants in situ. Rented with full occupancy for several years and great scope for a significant rental increase and uplift.

The area is well known for its wealth of amenities including retail shopping parks nearby and the St Stephens shopping centre is within walking distance from the property.
The Paragon interchange provides good road and rail links in and out of the city centre.
The Hull Royal Infirmary is also easily accessed from the property.
Princes Avenue is only a short distance away with an excellent choice of cosmopolitan restaurants and cafe bars to choose from.

Agent Details

Home Estates, Hull

01482 251864

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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