2 Bed Flat, Single Let, Hull, HU7 4WN, £55,000

Lambwath Hall Court, Biggin Avenue, HU7 4WN - 7 months ago

Leasehold

BTL

ROI: 18%

~60 m²

+4 photos

ValuationUndervalued

Sold Prices	£38.5K - £127K
Sold Prices/m²	£642/m² - £1.9K/m²

Square Metres	~59.70 m²
Price/m²	£921/m²
Value Estimate	£67,650£67,650
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£3,950£3,950
Total Cash In	£17,700£17,700

Cash Out
Rent Range	£550 - £850£550 - £850
Rent Estimate	£569
Running Costs/mo	£306£306
Cashflow/mo	£263£263
Cashflow/yr	£3,160£3,160
ROI	18%18%
Gross Yield	12%12%

Local Sold Prices

25 sold prices from £38.5K to £127K, average is £67.5K. £642/m² to £1.9K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£62K	03/23	0 mi	46, Lambwath Hall Court, Bransholme, Hull, City Of Kingston Upon Hull HU7 4WN	£1,028	60	2	Flat
£65K	04/22	0.95 mi	2, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX	£1,680	39	2	Flat
£67.5K	06/21	0.97 mi	11, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX	£1,534	44	2	Flat
£75K	10/20	0.97 mi	19, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX	£1,704	44	2	Flat
£90.5K	11/22	0.97 mi	10, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ	£1,740	52	2	Flat
£92K	12/20	0.97 mi	6, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ	£1,804	51	2	Flat
£127K	06/21	1.52 mi	51, Rivelin Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GP	£1,924	66	2	Flat
£87K	12/21	1.69 mi	292a, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 8LJ	£1,130	77	2	Flat
£115K	10/22	1.87 mi	19, Linn Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GD	-	-	2	Flat
£81K	07/22	2.1 mi	20, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ	£1,841	44	2	Flat
£56K	02/21	2.11 mi	13, Gullane Drive, Hull, Humberside HU6 7XQ	£1,217	46	2	Flat
£57K	05/22	2.11 mi	8, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ	-	-	2	Flat
£55K	11/22	2.29 mi	63, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW	£962	57	2	Flat
£52K	01/21	2.3 mi	52, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW	£929	56	2	Flat
£47K	04/21	2.3 mi	44, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW	£825	57	2	Flat
£50K	04/22	2.32 mi	40, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW	£943	53	2	Flat
£78K	10/20	2.59 mi	187, Ark Royal, Bilton, Hull, City Of Kingston Upon Hull HU11 4BP	£1,444	54	2	Flat
£68K	11/20	2.59 mi	157, Ark Royal, Bilton, Hull, City Of Kingston Upon Hull HU11 4BP	£1,259	54	2	Flat
£79K	09/21	2.59 mi	185, Ark Royal, Bilton, Hull, City Of Kingston Upon Hull HU11 4BP	£1,518	52	2	Flat
£75K	01/23	2.68 mi	20, Staveley Road, Hull, City Of Kingston Upon Hull HU9 4SA	£1,415	53	2	Flat
£50K	07/21	2.73 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£50K	07/21	2.74 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£41K	03/22	2.75 mi	27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ	-	-	2	Flat
£38.5K	08/22	2.93 mi	55, Newtown Court, Hull, City Of Kingston Upon Hull HU9 1SL	£642	60	2	Flat
£101.5K	09/22	2.97 mi	13a, Galfrid Road, Bilton, Hull, East Riding Of Yorkshire HU11 4EJ	£945	107	2	Flat

Local Rents

15 rents from £550/mo to £850/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£850	12/24	0.28 mi	-	2	Terraced House
£850	02/25	0.28 mi	-	2	Terraced House
£575	04/24	0.73 mi	-	2	Flat
£550	05/24	0.73 mi	-	2	Flat
£575	04/24	0.73 mi	Mallyan Close, Hull, HU8	2	Flat
£550	05/24	0.73 mi	Lealholme Court, Howdale Road, Hull, East Riding Of Yorkshire, HU8	2	Flat
£650	05/24	0.89 mi	Newtondale, Hull, East Yorkshire, HU7	2	Bungalow
£650	06/24	1.06 mi	Foxglove Close, Kingswood, Hull, East Riding Of Yorkshire, HU7	2	Terraced House
£750	05/24	1.14 mi	-	2	Terraced House
£650	12/23	1.15 mi	-	2	Terraced House
£695	03/25	1.15 mi	-	2	Terraced House
£725	05/24	1.18 mi	-	2	Semi-Detached House
£695	06/24	1.18 mi	Boston Court, Kingswood, Hull	2	Semi-Detached House
£825	01/25	1.2 mi	-	2	Terraced House
£850	10/24	1.22 mi	-	2	Terraced House

Local Area Statistics

Population in HU7	42,15042,150
Population in Hull	313,622313,622
Town centre distance	2.66 miles away2.66 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	3.53 miles away3.53 miles away

Rental demand	Tenant's marketTenant's market
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+4%+4%

Property History

Price changed to £55,000

March 8, 2025

Listed for £60,000

September 4, 2024

Floor Plans

Description

Allocated parking +
Double glazed +
Gas central heating +
Ground floor +
Ultrafast broadband available +
Investment opportunity +
Service charge £1816 ground gent £300 +
EPC Rating C - 79 +
Leasehold 107 years remaining +
Council tax band A +

This modern apartment is situated on the ground floor of a popular and conveniently placed development on the outskirts of Hull. An excellent range of amenities are within walking distance, and there is great access into and out of Hull. The property provides an excellent opportunity for buy to let investors and first time buyers.

The accommodation comprises entrance hall, open plan lounge with patio doors and well fitted kitchen, two double bedrooms, one with an ensuite shower room, and a separate bathroom with white suite and a shower over the bath.

The property is spacious and well maintained, there is allocated off road parking and this property benefits from it's own individual entrance.

Agent Details

Martin & Co, York

01904 935647

Next Steps?

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

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