2 Bed Flat, Single Let, Hull, HU5 2TQ £80,000

Pearson Park, Hull, HU5 2TQ - a year ago
Sold STC
Leasehold
Auction
BTL
ROI: 2%
~68 m²
Property image
Property image

ValuationUndervalued

Sold Prices£36K - £160K
Sold Prices/m²£655/m² - £2.6K/m²

 

 

Square Metres

~68.28 m²
Price/m²£1.2K/m²

Value Estimate

£99,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£400 - £1,200

Rent Estimate

£385

Running Costs/mo

£347

Cashflow/mo

£38

Cashflow/yr

£456

ROI

2%

Gross Yield

6%

Local Sold Prices

44 sold prices from £36K to £160K, average is £90K. £655/m² to £2.6K/m², average is £1.5K/m².

Price
Date
Distance
Address
Beds
 
£41K03/220.22 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£36K10/230.25 mi1, Hudson Gardens, Hull HU5 2TY2
£36K10/230.25 mi1, Hudson Gardens, Hull HU5 2TY2
£119.9K02/230.26 miFlat 3, 145, Princes Avenue, Hull HU5 3DL2
£119.9K02/230.26 mi145, Flat 3, Princes Avenue, Hull HU5 3DL2
£160K05/240.34 miThe Old School, Apartment 24 Oldroyd House, Reynoldson Street, Hull HU5 3FB2
£115K12/240.34 miApartment 17 Oldroyd House, The Old School, Reynoldson Street, Hull HU5 3FB2
£160K05/240.34 miApartment 24 Oldroyd House, The Old School, Reynoldson Street, Hull HU5 3FB2
£160K07/240.48 mi1b, Marlborough Avenue, Princes Avenue, Hull HU5 3JP2
£160K07/240.48 mi1b, Marlborough Avenue, Princes Avenue, Hull HU5 3JP2
£65K12/230.48 mi36, Cranbourne Street, Hull HU3 1PP2
£65K12/230.48 mi36, Cranbourne Street, Hull HU3 1PP2
£50K07/210.62 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£125K07/230.75 mi222, Flat 5, Park Avenue, Princes Avenue, Hull HU5 3EY2
£115K06/230.75 mi222, Flat 7, Park Avenue, Princes Avenue, Hull HU5 3EY2
£125K07/230.75 miFlat 5, 222, Park Avenue, Princes Avenue, Hull HU5 3EY2
£115K06/230.75 miFlat 7, 222, Park Avenue, Princes Avenue, Hull HU5 3EY2
£110.5K09/220.84 mi631 Waters Edge, 21, Beverley Road, Hull HU6 7JJ2
£100K08/240.84 mi631 Waters Edge, 19, Beverley Road, Hull HU6 7JJ2
£100K08/240.84 mi19, 631 Waters Edge, Beverley Road, Hull HU6 7JJ2
£83K02/230.84 mi20, 631 Waters Edge, Beverley Road, Hull HU6 7JJ2
£83K02/230.84 mi631 Waters Edge, 20, Beverley Road, Hull HU6 7JJ2
£115K11/220.85 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£85K02/240.85 mi3, Madeira Court, Hull HU5 4BS2
£85K02/240.85 mi3, Madeira Court, Hull HU5 4BS2
£75.8K04/240.85 mi7, Madeira Court, Hull HU5 4BS2
£75.8K04/240.85 mi7, Madeira Court, Hull HU5 4BS2
£115K11/220.85 mi12, Madeira Court, Hull HU5 4BS2
£95K10/220.86 mi631 Waters Edge, 8, Beverley Road, Hull HU6 7JJ2
£100K08/220.89 mi43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL2
£70K06/220.9 mi147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£72.5K01/230.9 mi137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£64.5K09/240.91 mi8, Ernest Hill Court, Hull HU5 4HW2
£78K08/230.91 mi140 Francis Court, Flat 9, Francis Street, Hull HU2 8DG2
£78K08/230.91 miFlat 9, 140 Francis Court, Francis Street, Hull HU2 8DG2
£105K10/240.94 miCity Central, Apartment 11, Wright Street, Kingston Upon Hull HU2 8HU2
£105K10/240.94 miApartment 11, City Central, Wright Street, Kingston Upon Hull HU2 8HU2
£49.5K03/240.97 miAlbion Buildings, 1, Caroline Street, Hull HU2 8EA2
£49.5K03/240.97 mi1, Albion Buildings, Caroline Street, Hull HU2 8EA2
£49.5K03/240.97 mi1, Albion Buildings, Caroline Street, Hull HU2 8EA2
£102.7K02/230.97 mi71 76 Kings Court, Apartment 17, Wright Street, Hull HU2 8JR2
£102.7K02/230.97 miApartment 17, 71 76 Kings Court, Wright Street, Hull HU2 8JR2
£55K09/240.99 mi1, Clowes Buildings, New George Street, Kingston Upon Hull HU2 8AU2
£55K09/240.99 mi1, Clowes Buildings, New George Street, Kingston Upon Hull HU2 8AU2

Local Rents

50 rents from £400/mo to £1.2K/mo, average is £698/mo.

Rent
Date
Distance
Address
Beds
 
£49508/250 miPearson Park, HU52
£85006/250 miPearson Park, Hull, HU5 2TQ2
£65011/250.02 mi64 Pearson Park, Hull, HU5 2TQ2
£59508/250.03 miPearson Park, Hull, East Yorkshire, HU52
£52508/250.05 miFlorence Avenue2
£52505/240.07 mi-2
£85011/250.08 mi53 Pearson Park, Hull, HU5 2TG2
£99511/250.08 mi53 Pearson Park, Hull, HU5 2TG2
£69507/250.09 miPearson Park, HU52
£85007/250.1 miBromby House, Pearson Park, Hull, East Riding Of Yorkshire, HU52
£69508/250.1 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£85007/250.1 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£85009/250.1 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£75008/250.1 mi21 Beaconsfield Street, Hull, HU5 2PZ2
£65004/240.1 miFlat C 2 Pearson Park, Hull, HU5 2SY2
£75010/250.1 miQueens House, Hull, HU52
£60005/240.1 mi-2
£70004/250.1 mi-2
£65001/250.1 mi-2
£75010/250.1 mi-2
£89506/250.12 miWelwick House Mews, Pearson Park, HU52
£89511/250.12 miWelwick House Mews, Pearson Park, HU52
£79510/250.12 miThe Larkin, Pearson Park, Hull, East Riding Of Yorkshire, HU52
£63507/250.12 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£77507/250.12 mi43 Pearson Park, Flat 2 Studley House, Hull, East Riding Of Yorkshire, HU52
£1,20009/250.12 mi, Hull, HU52
£1,20009/250.12 mi, Hull, HU52
£1,20009/250.12 mi, Hull, HU52
£1,20009/250.12 mi, Hull, HU52
£1,20009/250.12 mi, Hull, HU52
£72501/240.12 miFlat 1, Beechwood, 49 Pearson Park,Hull,HU52
£75011/250.12 miFlat 4,Beechwood Pearson Park, Hull, HU5 2TG2
£45007/250.12 miQueens House, Beverley Road, HU52
£69507/250.13 mi7 Pearson Park, Hull, Yorkshire, HU52
£60004/250.13 mi-2
£65011/250.13 mi-2
£55008/250.13 miSt Vincents Court, HU52
£55007/250.13 miSt Vincents Court, Queens Road2
£52005/240.13 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£40008/250.13 miQueens House, 297 Beverley Road, Hull, HU5 1LG2
£60004/240.13 miFlat 3, 6 Pearson Park, Beverley Road2
£75008/250.13 miSt Vincents Court, 36 Queens Road, Hull, HU5 2QP2
£55008/250.13 miSt Vincents Court, 36 Queens Road, Hull, HU5 2QP2
£55007/250.13 miSt Vincents Court, 36 Queens Road, Hull, HU5 2QP2
£49511/250.13 mi-2
£62504/240.13 miSt Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU52
£62506/250.14 mi8, St Vincents Court, The Avenues2
£72506/250.14 mi21, St Vincents Court, Queens Road2
£75011/250.14 mi20, St Vincents Court, Queens Road2
£72506/250.14 mi21, St Vincents Court, Queens Road2

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.31 miles away

Nearest school

0.10 miles away

Nearest train station

1.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £80,000

January 11, 2025

Listed for £99,000

November 19, 2024

Floor Plans

Property image

Description

  • Being Sold By GOTO Online Auction +
  • Buy-It-Now Available +
  • Buyer's Fees Apply +
  • No Chain +
  • Kitchen/Diner +
  • Garage +
  • 2 Bed Flat +
  • Book A Viewing Today +

The Property
Welcome to Flat 1, 59 Pearson Park, a spacious 2-bedroom flat located in the charming and historic Pearson Park area of Hull, East Riding of Yorkshire. This well-presented property offers comfortable living with the added convenience of a private garage, providing secure parking or additional storage space.

The flat features a bright and airy living room with plenty of natural light, perfect for relaxing or entertaining. The kitchen is well-equipped with ample storage and workspace, making it ideal for preparing meals. There are two generously sized bedrooms, offering flexibility for use as guest rooms, a home office, or additional living space. The bathroom is modern and well-appointed, with contemporary fixtures and fittings.

Situated in a desirable location with the beautiful Pearson Park right on your doorstep, this property combines the tranquility of park-side living with easy access to local amenities, shops, restaurants, and excellent transport links to Hull city centre. Flat 1, 59 Pearson Park is an ideal choice for professionals, couples, or small families looking for a comfortable and convenient home. Contact us today to arrange a viewing and explore all that this fantastic flat has to offer!

Material Information.
The information above has Material information:
been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description
Property Description:
Being Sold by GOTO Online Auction

Starting Bids from £80,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor or 10 working days after receipt of the buyer’s premium, whichever is earlier Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

10% in excess Please note this property is subject to an undisclosed Reserve Price which is typically no more than of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Purplebricks.

Specification
General Information:
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.

Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 04/11/2979

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Hull

020 3907 3358

Next Steps?

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