2 Bed Flat, Single Let, Hull, HU3 2PD, £55,000

Linneaus Street, Hull, HU3 2PD - 1 views - 5 months ago

Leasehold
BTL
ROI: 14%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£66,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£485 - £900

Rent Estimate

£495

Running Costs/mo

£291

Cashflow/mo

£204

Cashflow/yr

£2,450

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £34K to £140K, average is £91.3K. £435/m² to £2.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£50K11/220.1 mi111, Linnaeus Street, Hull, City Of Kingston Upon Hull HU3 2QT2
£34K04/220.18 mi654, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LX2
£80K04/220.23 mi362, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LT2
£64K09/210.32 mi70, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DP2
£50K06/220.35 mi9, Brisbane Street, Hull, City Of Kingston Upon Hull HU3 2HS2
£45K01/220.37 mi14, Hobart Street, Hull, City Of Kingston Upon Hull HU3 2EX2
£37K07/220.38 mi172, Cambridge Street, Hull, City Of Kingston Upon Hull HU3 2EF2
£61K12/220.38 mi41, St Lukes Street, Hull, City Of Kingston Upon Hull HU3 2EL2
£45K07/210.4 mi196, Porter Street, Hull, City Of Kingston Upon Hull HU1 2RF2
£72.5K01/230.44 mi137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£70K06/220.44 mi147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£100K08/220.58 mi43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL2
£73K01/220.63 mi54, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR2
£140K06/220.72 mi26, Kingston Wharf, Hull, City Of Kingston Upon Hull HU1 2ES2
£98.5K08/210.78 mi55, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG2
£120K09/220.78 mi31, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG2
£98K03/230.78 miFlat 14, Warehouse 13, Kingston Street, Hull, City Of Kingston Upon Hull HU1 2DZ2
£115K10/210.79 mi4, Boatswain Croft, Hull, City Of Kingston Upon Hull HU1 2EJ2
£48.5K05/221.06 mi59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ2
£41K03/221.11 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£50K07/211.11 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£50K07/211.12 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£115K11/221.27 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£107.5K03/211.27 mi10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£112.5K03/231.31 mi4, Black & Amber Way, Hull, City Of Kingston Upon Hull HU4 6BQ2
£106K09/211.32 mi3, Jensen Mews, Hull, City Of Kingston Upon Hull HU4 6AX2
£106K09/211.34 mi3, Jensen Mews, Hull, City Of Kingston Upon Hull HU4 6AX2
£127K06/231.39 mi88, South Bridge Road, Hull, City Of Kingston Upon Hull HU9 1TL2
£77K08/221.48 mi7, Northella Drive, Hull, City Of Kingston Upon Hull HU4 6DE2
£82.5K04/221.48 mi11, Northella Drive, Hull, City Of Kingston Upon Hull HU4 6DE2
£127.5K03/221.49 mi37, Ha'penny Bridge Way, Hull, City Of Kingston Upon Hull HU9 1HD2
£110K04/231.52 mi139, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX2
£108K02/211.52 mi89, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX2
£108K02/211.52 mi29, Plimsoll Way, Hull, Humberside HU9 1PW2
£100K08/221.52 mi35, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PW2
£75K10/221.54 mi17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£62K07/211.54 mi11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£125K03/231.56 mi14, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£38K11/221.56 mi106, Lindsey Place, Hull, City Of Kingston Upon Hull HU4 6AF2
£106.5K06/221.56 mi16, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£50.5K03/211.56 mi57, Lindsey Place, Hull, City Of Kingston Upon Hull HU4 6AF2
£100K03/231.61 mi7, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£105K12/201.61 mi3, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£83.5K12/221.61 mi4, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£118K05/221.61 mi6, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£97.5K05/221.61 mi5, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£85K08/211.64 mi19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2
£78.5K01/231.64 mi19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2
£101K06/221.64 mi52, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2
£110K04/221.64 mi44, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2

Local Rents

39 rents from £485/mo to £900/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£65004/240.06 miRoyal Mews, Hull, East Riding Of Yorkshire, HU32
£90004/250.08 miAnchor Court, Anlaby Road, HU3 2PB2
£55010/240.17 mi-2
£55905/240.19 miLinnaeus Street, Hull, East Riding Of Yorkshire, HU32
£55005/240.2 miBarberry Court, Hull, HU3 2QX2
£67004/250.21 mi-2
£66305/240.26 miColtman Street, Hull, East Riding Of Yorkshire, HU32
£62504/240.27 miAlbert Avenue, Wellsted Street, Hull2
£49503/250.28 mi-2
£70003/250.32 mi-2
£60003/240.32 mi-2
£60012/240.32 mi-2
£65012/240.32 mi-2
£70005/240.32 mi-2
£48502/240.34 mi-2
£48502/240.34 mi-2
£59004/250.35 mi-2
£62505/240.36 miRenaissance House, 49 Boulevard, Hull, HU3 2TS2
£60003/250.38 mi-2
£59504/240.39 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£59505/240.39 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£59504/240.39 miBoulevard, Hull, East Riding Of Yorkshire, HU32
£65010/240.42 mi-2
£67511/230.43 mi-2
£57504/240.44 miClarendon Street, Hull, HU32
£52505/240.44 miAylesford Street, Hull, East Riding of Yorkshire, HU32
£65010/240.45 mi-2
£62505/240.51 miAvenue Crescent, Albemarle Street, Hull, East Riding Of Yorkshire, HU32
£60004/240.56 miUrban 1, Spring Street,2
£52501/240.56 miApartment 9, 12 Spring StreetHullHU2 8RD2
£60004/240.56 miUrban 1,2
£59505/240.57 miSpring Street, HU22
£62505/240.59 miSpring Street, HU22
£65012/240.59 mi-2
£65011/240.61 mi-2
£65004/250.61 mi-2
£65004/240.62 mi1 Kemley House, Ferensway2
£80004/240.62 miFerensway, Hull, HU2 8LE2
£90005/240.62 miFerensway, Hull, HU2 8LE2

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.44 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Price changed to £55,000

February 16, 2025

Listed for £60,000

November 11, 2024

Floor Plans

Description

  • Two Bed Ground Floor Apartment +
  • Generating a Healthy Income of £5940 Per Annum +
  • Communal Gardens +
  • Secure Parking +
  • Close To Local Amenities And The City Centre +
  • Council Tax Band - A. EPC - C +

Excellent investment opportunity. Two bed ground floor apartment boasting a highly popular location close to the City Centre and local amenities. Linneaus House enjoys communal gardens and secure parking. Council tax Band - A. EPC - C.  EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 106 years 9 months,

Agent Details

Lovelle Estate Agency, Hull

01482 251860

Next Steps?

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