2 Bed Flat, Single Let, Hull, HU5 2TQ £95,000

Pearson Park, Hull, HU5 2TQ - a year ago
Leasehold
BTL
~68 m²
Property image

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£106,423
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£400 - £1,300

Rent Estimate

£396

Running Costs/mo

£396

Cashflow/mo

£0

Cashflow/yr

£-1

Gross Yield

5%

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
 
£41K03/220.23 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£36K10/230.26 mi1, Hudson Gardens, Hull HU5 2TY2
£36K10/230.26 mi1, Hudson Gardens, Hull HU5 2TY2
£119.9K02/230.28 miFlat 3, 145, Princes Avenue, Hull HU5 3DL2
£119.9K02/230.28 mi145, Flat 3, Princes Avenue, Hull HU5 3DL2
£160K05/240.35 miThe Old School, Apartment 24 Oldroyd House, Reynoldson Street, Hull HU5 3FB2
£115K12/240.35 miApartment 17 Oldroyd House, The Old School, Reynoldson Street, Hull HU5 3FB2
£160K05/240.35 miApartment 24 Oldroyd House, The Old School, Reynoldson Street, Hull HU5 3FB2
£65K12/230.5 mi36, Cranbourne Street, Hull HU3 1PP2
£65K12/230.5 mi36, Cranbourne Street, Hull HU3 1PP2
£160K07/240.5 mi1b, Marlborough Avenue, Princes Avenue, Hull HU5 3JP2
£160K07/240.5 mi1b, Marlborough Avenue, Princes Avenue, Hull HU5 3JP2
£50K07/210.61 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£125K07/230.77 mi222, Flat 5, Park Avenue, Princes Avenue, Hull HU5 3EY2
£115K06/230.77 mi222, Flat 7, Park Avenue, Princes Avenue, Hull HU5 3EY2
£125K07/230.77 miFlat 5, 222, Park Avenue, Princes Avenue, Hull HU5 3EY2
£115K06/230.77 miFlat 7, 222, Park Avenue, Princes Avenue, Hull HU5 3EY2
£110.5K09/220.83 mi631 Waters Edge, 21, Beverley Road, Hull HU6 7JJ2
£100K08/240.83 mi631 Waters Edge, 19, Beverley Road, Hull HU6 7JJ2
£100K08/240.83 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
£95K10/220.85 mi631 Waters Edge, 8, Beverley Road, Hull HU6 7JJ2
£115K11/220.86 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£85K02/240.86 mi3, Madeira Court, Hull HU5 4BS2
£85K02/240.86 mi3, Madeira Court, Hull HU5 4BS2
£75.8K04/240.87 mi7, Madeira Court, Hull HU5 4BS2
£75.8K04/240.87 mi7, Madeira Court, Hull HU5 4BS2
£115K11/220.87 mi12, Madeira Court, Hull HU5 4BS2
£100K08/220.9 mi43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL2
£70K06/220.91 mi147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£72.5K01/230.92 mi137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£78K08/230.92 mi140 Francis Court, Flat 9, Francis Street, Hull HU2 8DG2
£78K08/230.92 miFlat 9, 140 Francis Court, Francis Street, Hull HU2 8DG2
£64.5K09/240.92 mi8, Ernest Hill Court, Hull HU5 4HW2
£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 £1.3K/mo, average is £695/mo.

Rent
Date
Distance
Address
Beds
 
£65011/250 mi64 Pearson Park, Hull, HU5 2TQ2
£49508/250.02 miPearson Park, HU52
£85006/250.02 miPearson Park, Hull, HU5 2TQ2
£59508/250.03 miPearson Park, Hull, East Yorkshire, HU52
£52508/250.06 miFlorence Avenue2
£52505/240.07 mi-2
£75010/250.09 miQueens House, Hull, HU52
£60005/240.09 mi-2
£70004/250.09 mi-2
£65001/250.09 mi-2
£75010/250.09 mi-2
£75008/250.09 mi21 Beaconsfield Street, Hull, HU5 2PZ2
£85011/250.09 mi53 Pearson Park, Hull, HU5 2TG2
£99511/250.09 mi53 Pearson Park, Hull, HU5 2TG2
£69507/250.1 miPearson Park, HU52
£45007/250.11 miQueens House, Beverley Road, HU52
£65004/240.11 miFlat C 2 Pearson Park, Hull, HU5 2SY2
£40008/250.11 miQueens House, 297 Beverley Road, Hull, HU5 1LG2
£85007/250.11 miBromby House, Pearson Park, Hull, East Riding Of Yorkshire, HU52
£69508/250.11 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£85007/250.11 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£85009/250.11 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£49511/250.12 mi-2
£60004/250.13 mi-2
£65011/250.13 mi-2
£57503/240.13 mi-2
£1,30011/250.13 mi-2
£69507/250.13 mi7 Pearson Park, Hull, Yorkshire, HU52
£89506/250.13 miWelwick House Mews, Pearson Park, HU52
£89511/250.13 miWelwick House Mews, Pearson Park, HU52
£52005/240.14 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£60004/240.14 miFlat 3, 6 Pearson Park, Beverley Road2
£79510/250.14 miThe Larkin, Pearson Park, Hull, East Riding Of Yorkshire, HU52
£63507/250.14 miPearson Park, Hull, East Riding Of Yorkshire, HU52
£77507/250.14 mi43 Pearson Park, Flat 2 Studley House, Hull, East Riding Of Yorkshire, HU52
£1,20009/250.14 mi, Hull, HU52
£1,20009/250.14 mi, Hull, HU52
£1,20009/250.14 mi, Hull, HU52
£1,20009/250.14 mi, Hull, HU52
£1,20009/250.14 mi, Hull, HU52
£72501/240.14 miFlat 1, Beechwood, 49 Pearson Park,Hull,HU52
£75011/250.14 miFlat 4,Beechwood Pearson Park, Hull, HU5 2TG2
£55008/250.14 miSt Vincents Court, HU52
£55007/250.14 miSt Vincents Court, Queens Road2
£75008/250.14 miSt Vincents Court, 36 Queens Road, Hull, HU5 2QP2
£55008/250.14 miSt Vincents Court, 36 Queens Road, Hull, HU5 2QP2
£55007/250.14 miSt Vincents Court, 36 Queens Road, Hull, HU5 2QP2
£62504/240.15 miSt Vincents Court, 36 Queens Road, Hull, East Riding of Yorkshi, HU52
£62506/250.15 mi8, St Vincents Court, The Avenues2
£72506/250.15 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

1.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £95,000

December 13, 2024

Floor Plans

Property image

Description

  • ONE-BEDROOM top-floor apartment +
  • Located in HISTORIC PEARSON PARK +
  • Solid WOOD FLOORS throughout +
  • OPEN LIVING and kitchen space +
  • PLENTY OF STORAGE UNITS in the kitche +
  • Rear-facing MAIN BEDROOM +
  • SECOND BEDROOM or home office +
  • Leasehold +
  • Council Tax Band A +
  • EPC Rating C +

INVITING OFFERS BETWEEN £95,000 - £105,000

Check out the video!!

Summary: Discover this exceptionally presented one-bedroom top-floor apartment located in a charming Blue Plaque (Zachariah Charles Pearson) property off Pearson Park. This hidden gem in a small block of four apartments offers convenient parking at the front and a perfect blend of modern living with classic touches. The solid wood floors throughout create a warm and inviting atmosphere.

Our Thoughts: As soon as you step into this apartment, you’ll be impressed by the open and airy living space that seamlessly combines the kitchen and living area. The kitchen area is well-equipped with PLENTY OF STORAGE UNITS, INTEGRATED APPLIANCES and ample space for your living and dining furniture. The main bedroom is situated at the back, providing a peaceful retreat with a lovely rear-facing window. Additionally, there’s a second single-sized bedroom that can easily be transformed into a home office. The house bathroom is modern and features a WALK-IN SHOWER, BASIN, and WC. This property is ideal for first-time buyers, those relocating, or landlords looking to invest in a rental property.

Location The property is situated close to Princes Avenue which boasts an array of shopping facilities and local amenities including a large selection of public houses and eateries and also has good local transport connections to the City Centre. Overlooking Pearson Park and within a short walking distance of the Avenues conservation area.

Tenure The tenure of the property is leasehold.

Ground Rent: £0 Ground Rent Review Period (no. of years/months): Annual Service Charge: £1024 Annual Ground Rent Increase (%): Length of Lease (Number of yrs remaining):121 Years remaining

Council Tax Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band A.*

Fixtures & Fittings Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

Disclaimer *The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Viewings Strictly by appointment with the sole agents.

Mortgages We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Newland Avenue office on . Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Valuation/Market Appraisal Thinking of selling or struggling to sell your house? More people choose beercocks in this region than any other agent. Book your free valuation now!

Agent Details

Beercocks, Newland Avenue, Hull

01482 425394

Next Steps?

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