2 Bed Flat, Single Let, Hull, HU8 7SH, £55,000

Barnsley Buildings, Hull, HU8 7SH - 3 views - 5 months ago

Sold STC

Leasehold

BTL

ROI: 16%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£38.5K - £125K
Sold Prices/m²	£642/m² - £2.3K/m²

Square Metres	~68.11 m²
Price/m²	£808/m²
Value Estimate	£66,000£66,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£2,850£2,850
Total Cash In	£16,600£16,600

Cash Out
Rent Range	£417 - £1,070£417 - £1,070
Rent Estimate	£525
Running Costs/mo	£297£297
Cashflow/mo	£228£228
Cashflow/yr	£2,738£2,738
ROI	16%16%
Gross Yield	11%11%

Local Sold Prices

24 sold prices from £38.5K to £125K, average is £100.5K. £642/m² to £2.3K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£120K	06/22	0.8 mi	38, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB	-	-	2	Flat
£110K	05/22	0.81 mi	75, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB	£1,692	65	2	Flat
£95K	12/20	0.81 mi	19, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB	£1,484	64	2	Flat
£87K	12/21	0.84 mi	292a, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 8LJ	£1,130	77	2	Flat
£48.5K	05/22	0.84 mi	59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ	£933	52	2	Flat
£38.5K	08/22	0.88 mi	55, Newtown Court, Hull, City Of Kingston Upon Hull HU9 1SL	£642	60	2	Flat
£97.5K	05/22	0.89 mi	5, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	-	-	2	Flat
£83.5K	12/22	0.89 mi	4, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£1,365	61	2	Flat
£118K	05/22	0.89 mi	6, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£2,034	58	2	Flat
£100K	03/23	0.89 mi	7, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	-	-	2	Flat
£105K	12/20	0.89 mi	3, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£1,750	60	2	Flat
£106.5K	06/22	0.92 mi	16, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ	£2,005	53	2	Flat
£125K	03/23	0.92 mi	14, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ	£2,315	54	2	Flat
£85K	08/21	0.95 mi	19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,574	54	2	Flat
£78.5K	01/23	0.95 mi	19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,454	54	2	Flat
£101K	06/22	0.95 mi	52, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,906	53	2	Flat
£110K	04/22	0.95 mi	44, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£2,037	54	2	Flat
£108K	02/21	0.95 mi	29, Plimsoll Way, Hull, Humberside HU9 1PW	£2,000	54	2	Flat
£100K	08/22	0.95 mi	35, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PW	£1,852	54	2	Flat
£107K	06/22	0.96 mi	4, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£2,019	53	2	Flat
£50K	07/21	0.97 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£50K	07/21	0.97 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£110K	04/23	0.99 mi	139, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX	£1,864	59	2	Flat
£108K	02/21	0.99 mi	89, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX	£1,862	58	2	Flat

Local Rents

50 rents from £417/mo to £1.1K/mo, average is £595/mo.

Rent	Date	Distance	Address	Beds	Type
£595	05/24	0.13 mi	-	2	Terraced House
£595	05/24	0.13 mi	-	2	Terraced House
£595	04/24	0.13 mi	Buckingham Street, Hull, HU8	2	Terraced House
£550	05/24	0.15 mi	East Ridings Of Yorkshire, East Ridings Of Yorkshire, HU8	2	Terraced House
£550	06/24	0.15 mi	-	2	Terraced House
£575	04/24	0.15 mi	Alaska Street, Hull, East Riding of Yorkshi, HU8	2	Terraced House
£550	02/24	0.15 mi	-	2	Terraced House
£550	03/25	0.15 mi	-	2	Terraced House
£565	02/24	0.16 mi	-	2	Terraced House
£750	06/24	0.16 mi	Buckingham Street, HULL	2	Terraced House
£575	05/24	0.17 mi	Severn Street, HULL	2	House
£595	01/24	0.18 mi	-	2	Terraced House
£595	02/24	0.18 mi	-	2	Terraced House
£625	06/24	0.18 mi	Severn Street, Hull	2	House
£550	04/24	0.18 mi	-	2	Terraced House
£417	04/24	0.19 mi	-	2	Flat
£575	09/24	0.2 mi	-	2	Terraced House
£625	05/24	0.2 mi	Endymion Street, Hull	2	House
£595	12/24	0.2 mi	-	2	Terraced House
£595	02/25	0.2 mi	-	2	Terraced House
£1,070	04/25	0.21 mi	-	2	Terraced House
£640	05/24	0.21 mi	-	2	Bungalow
£550	05/24	0.21 mi	Endymion Street, Hull	2	House
£595	05/24	0.21 mi	Damson Lane North, Garden Village, Hull, HU8 7RR	2	Terraced House
£550	05/24	0.22 mi	Dansom Lane North, HULL	2	Terraced House
£640	04/25	0.22 mi	-	2	Bungalow
£650	04/25	0.22 mi	-	2	Terraced House
£595	06/24	0.23 mi	Eddlethorpe, Buckingham Street, Hull	2	House
£500	01/24	0.23 mi	-	2	Terraced House
£775	02/25	0.23 mi	-	2	Terraced House
£725	02/25	0.24 mi	-	2	Terraced House
£550	04/24	0.24 mi	-	2	Terraced House
£600	12/24	0.24 mi	-	2	Terraced House
£640	05/24	0.26 mi	-	2	Bungalow
£640	01/25	0.26 mi	-	2	Bungalow
£640	03/25	0.26 mi	-	2	Bungalow
£600	06/24	0.34 mi	Abbey Street, HULL	2	Terraced House
£550	05/24	0.36 mi	Henley Avenue, Brazil Street, Hull, East Riding Of Yorkshire, HU9	2	Terraced House
£550	05/24	0.36 mi	5 Henley Avenue, HU9 1JU	2	Terraced House
£525	05/24	0.36 mi	-	2	Terraced House
£525	05/24	0.36 mi	Henley Avenue, Hull, HU9	2	Terraced House
£595	05/24	0.37 mi	Brentwood Avenue, Brazil St, Hull, HU9	2	Terraced House
£900	01/24	0.37 mi	-	2	Flat
£825	05/24	0.37 mi	-	2	Flat
£700	01/25	0.37 mi	-	2	Flat
£775	01/25	0.37 mi	-	2	Flat
£550	04/24	0.37 mi	Mables Villas, Holland Street, Hull	2	House
£550	04/24	0.37 mi	Mables Villas, Holland Street, Hull, HU9	2	Terraced House
£650	02/24	0.37 mi	-	2	Terraced House
£700	12/24	0.37 mi	-	2	Terraced House

Local Area Statistics

Population in HU8	34,17534,175
Population in Hull	313,622313,622
Town centre distance	1.76 miles away1.76 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.44 miles away1.44 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £55,000

November 14, 2024

Floor Plans

Description

No Forward Chain +
Excellent Investment Property +
Top Floor Two Bed Apartment +
Two Balconies +
Gas Central Heating and UPVC Double Glazing +
Council Tax Band - A. EPC - D +

EXCELLENT INVESTMENT OPPORTUNITY or FIRST PURCHASE. No forward chain. Two bed top floor apartment with two balconies over looking the skyline of the City. Two double bedrooms and a modern kitchen. Boasting an excellent location close to Holderness road and with good links to the City Centre. Council Tax Band - A. EPC - D EPC rating: D. Tenure: Leasehold, Service charge description: paid quarterly , Length of lease (remaining): 107 years 0 months,

Agent Details

Lovelle Estate Agency, Hull

01482 251860

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed House, Single Let, Hull, HU8 8UD

£95,000

23 days ago • 68 m²

Sold STC

2 Bed House, Single Let, Hull, HU8 7TE

£70,000

2 views • a month ago • 68 m²

2 Bed House, Single Let, Hull, HU8 8UB

£80,000

1 views • a year ago • 68 m²

2 Bed House, Single Let, Hull, HU8 8UB

£75,000

2 views • 2 months ago • 68 m²

2 Bed Flat, Single Let, Hull, HU8 7SH, £55,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

2 Bed House, Single Let, Hull, HU8 8UD

2 Bed House, Single Let, Hull, HU8 7TE

2 Bed House, Single Let, Hull, HU8 8UB

2 Bed House, Single Let, Hull, HU8 8UB

Cashflows

Local Sold Prices

Local Rents