This property was removed from Dealsourcr.
2 Bed Flat, Single Let, Hull, HU5 2TQ £80,000


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£99,200 |
| BMV | 24% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £20,000£20,000 |
Stamp Duty & Legal Fees | £5,200£5,200 |
Total Cash In | £25,200£25,200 |
| |
Cash Out | |
Rent Range | £400 - £1,200£400 - £1,200 |
Rent Estimate | £385 |
Running Costs/mo | £347£347 |
Cashflow/mo | £38£38 |
Cashflow/yr | £456£456 |
ROI | 2%2% |
Gross Yield | 6%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 | Price/m² | m² | Beds | Type | ||
| £41K | 03/22 | 0.22 mi | 27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ | - | - | 2 | Flat | ||
| £36K | 10/23 | 0.25 mi | 1, Hudson Gardens, Hull HU5 2TY | £655 | 55 | 2 | Flat | ||
| £36K | 10/23 | 0.25 mi | 1, Hudson Gardens, Hull HU5 2TY | - | - | 2 | Flat | ||
| £119.9K | 02/23 | 0.26 mi | Flat 3, 145, Princes Avenue, Hull HU5 3DL | - | - | 2 | Flat | ||
| £119.9K | 02/23 | 0.26 mi | 145, Flat 3, Princes Avenue, Hull HU5 3DL | £2,180 | 55 | 2 | Flat | ||
| £160K | 05/24 | 0.34 mi | The Old School, Apartment 24 Oldroyd House, Reynoldson Street, Hull HU5 3FB | £2,000 | 80 | 2 | Flat | ||
| £115K | 12/24 | 0.34 mi | Apartment 17 Oldroyd House, The Old School, Reynoldson Street, Hull HU5 3FB | £2,614 | 44 | 2 | Flat | ||
| £160K | 05/24 | 0.34 mi | Apartment 24 Oldroyd House, The Old School, Reynoldson Street, Hull HU5 3FB | - | - | 2 | Flat | ||
| £160K | 07/24 | 0.48 mi | 1b, Marlborough Avenue, Princes Avenue, Hull HU5 3JP | £1,460 | 110 | 2 | Flat | ||
| £160K | 07/24 | 0.48 mi | 1b, Marlborough Avenue, Princes Avenue, Hull HU5 3JP | - | - | 2 | Flat | ||
| £65K | 12/23 | 0.48 mi | 36, Cranbourne Street, Hull HU3 1PP | £985 | 66 | 2 | Flat | ||
| £65K | 12/23 | 0.48 mi | 36, Cranbourne Street, Hull HU3 1PP | - | - | 2 | Flat | ||
| £50K | 07/21 | 0.62 mi | 108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG | £667 | 75 | 2 | Flat | ||
| £125K | 07/23 | 0.75 mi | 222, Flat 5, Park Avenue, Princes Avenue, Hull HU5 3EY | £1,563 | 80 | 2 | Flat | ||
| £115K | 06/23 | 0.75 mi | 222, Flat 7, Park Avenue, Princes Avenue, Hull HU5 3EY | - | - | 2 | Flat | ||
| £125K | 07/23 | 0.75 mi | Flat 5, 222, Park Avenue, Princes Avenue, Hull HU5 3EY | - | - | 2 | Flat | ||
| £115K | 06/23 | 0.75 mi | Flat 7, 222, Park Avenue, Princes Avenue, Hull HU5 3EY | - | - | 2 | Flat | ||
| £110.5K | 09/22 | 0.84 mi | 631 Waters Edge, 21, Beverley Road, Hull HU6 7JJ | £1,873 | 59 | 2 | Flat | ||
| £100K | 08/24 | 0.84 mi | 631 Waters Edge, 19, Beverley Road, Hull HU6 7JJ | £1,667 | 60 | 2 | Flat | ||
| £100K | 08/24 | 0.84 mi | 19, 631 Waters Edge, Beverley Road, Hull HU6 7JJ | - | - | 2 | Flat | ||
| £83K | 02/23 | 0.84 mi | 20, 631 Waters Edge, Beverley Road, Hull HU6 7JJ | - | - | 2 | Flat | ||
| £83K | 02/23 | 0.84 mi | 631 Waters Edge, 20, Beverley Road, Hull HU6 7JJ | £1,221 | 68 | 2 | Flat | ||
| £115K | 11/22 | 0.85 mi | 12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS | £2,018 | 57 | 2 | Flat | ||
| £85K | 02/24 | 0.85 mi | 3, Madeira Court, Hull HU5 4BS | £1,667 | 51 | 2 | Flat | ||
| £85K | 02/24 | 0.85 mi | 3, Madeira Court, Hull HU5 4BS | - | - | 2 | Flat | ||
| £75.8K | 04/24 | 0.85 mi | 7, Madeira Court, Hull HU5 4BS | £1,285 | 59 | 2 | Flat | ||
| £75.8K | 04/24 | 0.85 mi | 7, Madeira Court, Hull HU5 4BS | - | - | 2 | Flat | ||
| £115K | 11/22 | 0.85 mi | 12, Madeira Court, Hull HU5 4BS | £2,018 | 57 | 2 | Flat | ||
| £95K | 10/22 | 0.86 mi | 631 Waters Edge, 8, Beverley Road, Hull HU6 7JJ | £1,583 | 60 | 2 | Flat | ||
| £100K | 08/22 | 0.89 mi | 43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL | - | - | 2 | Flat | ||
| £70K | 06/22 | 0.9 mi | 147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN | £1,399 | 50 | 2 | Flat | ||
| £72.5K | 01/23 | 0.9 mi | 137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN | £1,422 | 51 | 2 | Flat | ||
| £64.5K | 09/24 | 0.91 mi | 8, Ernest Hill Court, Hull HU5 4HW | - | - | 2 | Flat | ||
| £78K | 08/23 | 0.91 mi | 140 Francis Court, Flat 9, Francis Street, Hull HU2 8DG | £1,393 | 56 | 2 | Flat | ||
| £78K | 08/23 | 0.91 mi | Flat 9, 140 Francis Court, Francis Street, Hull HU2 8DG | - | - | 2 | Flat | ||
| £105K | 10/24 | 0.94 mi | City Central, Apartment 11, Wright Street, Kingston Upon Hull HU2 8HU | £1,842 | 57 | 2 | Flat | ||
| £105K | 10/24 | 0.94 mi | Apartment 11, City Central, Wright Street, Kingston Upon Hull HU2 8HU | - | - | 2 | Flat | ||
| £49.5K | 03/24 | 0.97 mi | Albion Buildings, 1, Caroline Street, Hull HU2 8EA | £900 | 55 | 2 | Flat | ||
| £49.5K | 03/24 | 0.97 mi | 1, Albion Buildings, Caroline Street, Hull HU2 8EA | £900 | 55 | 2 | Flat | ||
| £49.5K | 03/24 | 0.97 mi | 1, Albion Buildings, Caroline Street, Hull HU2 8EA | - | - | 2 | Flat | ||
| £102.7K | 02/23 | 0.97 mi | 71 76 Kings Court, Apartment 17, Wright Street, Hull HU2 8JR | - | - | 2 | Flat | ||
| £102.7K | 02/23 | 0.97 mi | Apartment 17, 71 76 Kings Court, Wright Street, Hull HU2 8JR | - | - | 2 | Flat | ||
| £55K | 09/24 | 0.99 mi | 1, Clowes Buildings, New George Street, Kingston Upon Hull HU2 8AU | - | - | 2 | Flat | ||
| £55K | 09/24 | 0.99 mi | 1, Clowes Buildings, New George Street, Kingston Upon Hull HU2 8AU | £1,058 | 52 | 2 | Flat |
Local Rents
50 rents from £400/mo to £1.2K/mo, average is £698/mo.
Rent | Date | Distance | Address | Beds | Type | ||
| £495 | 08/25 | 0 mi | Pearson Park, HU5 | 2 | Flat | ||
| £850 | 06/25 | 0 mi | Pearson Park, Hull, HU5 2TQ | 2 | Flat | ||
| £650 | 11/25 | 0.02 mi | 64 Pearson Park, Hull, HU5 2TQ | 2 | Flat | ||
| £595 | 08/25 | 0.03 mi | Pearson Park, Hull, East Yorkshire, HU5 | 2 | Flat | ||
| £525 | 08/25 | 0.05 mi | Florence Avenue | 2 | Terraced House | ||
| £525 | 05/24 | 0.07 mi | - | 2 | Flat | ||
| £850 | 11/25 | 0.08 mi | 53 Pearson Park, Hull, HU5 2TG | 2 | Flat | ||
| £995 | 11/25 | 0.08 mi | 53 Pearson Park, Hull, HU5 2TG | 2 | Flat | ||
| £695 | 07/25 | 0.09 mi | Pearson Park, HU5 | 2 | Flat | ||
| £850 | 07/25 | 0.1 mi | Bromby House, Pearson Park, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £695 | 08/25 | 0.1 mi | Pearson Park, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £850 | 07/25 | 0.1 mi | Pearson Park, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £850 | 09/25 | 0.1 mi | Pearson Park, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £750 | 08/25 | 0.1 mi | 21 Beaconsfield Street, Hull, HU5 2PZ | 2 | Terraced House | ||
| £650 | 04/24 | 0.1 mi | Flat C 2 Pearson Park, Hull, HU5 2SY | 2 | Flat | ||
| £750 | 10/25 | 0.1 mi | Queens House, Hull, HU5 | 2 | Flat | ||
| £600 | 05/24 | 0.1 mi | - | 2 | Flat | ||
| £700 | 04/25 | 0.1 mi | - | 2 | Flat | ||
| £650 | 01/25 | 0.1 mi | - | 2 | Flat | ||
| £750 | 10/25 | 0.1 mi | - | 2 | Flat | ||
| £895 | 06/25 | 0.12 mi | Welwick House Mews, Pearson Park, HU5 | 2 | Terraced House | ||
| £895 | 11/25 | 0.12 mi | Welwick House Mews, Pearson Park, HU5 | 2 | Semi-Detached House | ||
| £795 | 10/25 | 0.12 mi | The Larkin, Pearson Park, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £635 | 07/25 | 0.12 mi | Pearson Park, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £775 | 07/25 | 0.12 mi | 43 Pearson Park, Flat 2 Studley House, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £1,200 | 09/25 | 0.12 mi | , Hull, HU5 | 2 | Flat | ||
| £1,200 | 09/25 | 0.12 mi | , Hull, HU5 | 2 | Flat | ||
| £1,200 | 09/25 | 0.12 mi | , Hull, HU5 | 2 | Flat | ||
| £1,200 | 09/25 | 0.12 mi | , Hull, HU5 | 2 | Flat | ||
| £1,200 | 09/25 | 0.12 mi | , Hull, HU5 | 2 | Flat | ||
| £725 | 01/24 | 0.12 mi | Flat 1, Beechwood, 49 Pearson Park,Hull,HU5 | 2 | Flat | ||
| £750 | 11/25 | 0.12 mi | Flat 4,Beechwood Pearson Park, Hull, HU5 2TG | 2 | Flat | ||
| £450 | 07/25 | 0.12 mi | Queens House, Beverley Road, HU5 | 2 | Flat | ||
| £695 | 07/25 | 0.13 mi | 7 Pearson Park, Hull, Yorkshire, HU5 | 2 | Flat | ||
| £600 | 04/25 | 0.13 mi | - | 2 | Terraced House | ||
| £650 | 11/25 | 0.13 mi | - | 2 | Terraced House | ||
| £550 | 08/25 | 0.13 mi | St Vincents Court, HU5 | 2 | Flat | ||
| £550 | 07/25 | 0.13 mi | St Vincents Court, Queens Road | 2 | Flat | ||
| £520 | 05/24 | 0.13 mi | Pearson Park, Hull, East Riding Of Yorkshire, HU5 | 2 | Flat | ||
| £400 | 08/25 | 0.13 mi | Queens House, 297 Beverley Road, Hull, HU5 1LG | 2 | Flat | ||
| £600 | 04/24 | 0.13 mi | Flat 3, 6 Pearson Park, Beverley Road | 2 | Flat | ||
| £750 | 08/25 | 0.13 mi | St Vincents Court, 36 Queens Road, Hull, HU5 2QP | 2 | Flat | ||
| £550 | 08/25 | 0.13 mi | St Vincents Court, 36 Queens Road, Hull, HU5 2QP | 2 | Flat | ||
| £550 | 07/25 | 0.13 mi | St Vincents Court, 36 Queens Road, Hull, HU5 2QP | 2 | Flat | ||
| £495 | 11/25 | 0.13 mi | - | 2 | Flat | ||
| £625 | 04/24 | 0.13 mi | St Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU5 | 2 | Flat | ||
| £625 | 06/25 | 0.14 mi | 8, St Vincents Court, The Avenues | 2 | Flat | ||
| £725 | 06/25 | 0.14 mi | 21, St Vincents Court, Queens Road | 2 | Flat | ||
| £750 | 11/25 | 0.14 mi | 20, St Vincents Court, Queens Road | 2 | Flat | ||
| £725 | 06/25 | 0.14 mi | 21, St Vincents Court, Queens Road | 2 | Flat |
Local Area Statistics
Population in HU5 | 51,12051,120 |
Population in Hull | 313,622313,622 |
Town centre distance | 0.31 miles away0.31 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 1.22 miles away1.22 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +36%+36% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +23%+23% |
Property History
Price changed to £80,000
January 11, 2025
Listed for £99,000
November 19, 2024
Floor Plans
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.
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