2 Bed Flat, Single Let, Hull, HU6 8QQ, £90,000

Hainsworth Park, Hull, HU6 8QQ - 4 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~105 m²
+5 photos

ValuationUndervalued

Sold Prices£41K - £135K
Sold Prices/m²£985/m² - £2.3K/m²

 

 

Square Metres

~104.70 m²
Price/m²£860/m²

Value Estimate

£112,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£525 - £925

Rent Estimate

£601

Running Costs/mo

£421

Cashflow/mo

£180

Cashflow/yr

£2,155

ROI

8%

Gross Yield

8%

Local Sold Prices

34 sold prices from £41K to £135K, average is £95.5K. £985/m² to £2.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£85K06/220 mi69, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/210.01 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/210.05 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£90K10/220.89 mi11, St Marys Mount, Cottingham, East Riding Of Yorkshire HU16 4LQ2
£118K04/220.92 miFlat 23, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/230.94 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/230.94 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£135K06/210.94 miFlat 14, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£132.5K10/220.94 miFlat 5, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£115.5K06/220.94 miFlat 26, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£93K03/231.14 mi52, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE2
£120K06/211.14 mi64, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE2
£108K11/211.16 mi26, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£120K09/221.16 mi18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£85K05/211.16 mi18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£65K03/211.16 mi16, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£110K11/211.16 mi28, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£120K06/221.16 mi12, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£125K12/221.19 mi26, Finkle Street, Cottingham, East Riding Of Yorkshire HU16 4AZ2
£115K11/221.34 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£107.5K03/211.34 mi10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£71.3K04/221.36 mi32, Lowdale Close, Hull, City Of Kingston Upon Hull HU5 5DS2
£73.5K10/221.37 mi50, Dayton Road, Hull, City Of Kingston Upon Hull HU5 5TF2
£73K05/221.37 mi55, Winteringham Walk, Cottingham, East Riding Of Yorkshire HU16 5HL2
£98K10/221.4 mi6, Lea Crescent, Cottingham, East Riding Of Yorkshire HU16 5BX2
£92K10/221.4 mi5, Lea Crescent, Cottingham, East Riding Of Yorkshire HU16 5BX2
£81K07/221.42 mi20, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£56K02/211.42 mi13, Gullane Drive, Hull, Humberside HU6 7XQ2
£57K05/221.42 mi8, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£75K10/221.5 mi17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£62K07/211.5 mi11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£127K07/221.62 mi2, Chelsea Court, Cottingham, East Riding Of Yorkshire HU16 5DU2
£115K10/221.93 mi19, Linn Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GD2
£41K03/221.94 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2

Local Rents

19 rents from £525/mo to £925/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£60005/240 miHainsworth Park, Hull, HU62
£77004/240.11 mi-2
£75001/250.11 mi-2
£60504/240.56 mi-2
£64904/250.77 mi-2
£92504/240.9 miApartment 5, 36 Newland Park2
£59504/250.93 mi-2
£79504/240.94 miHartoft Rd, Hull, HU5 4LB2
£77502/241.06 mi-2
£77501/251.06 mi-2
£80006/241.07 mi-2
£89005/241.16 miDane Park, Hull, HU62
£91505/241.16 miDane Park, Hull, HU62
£83504/241.17 miDane Park, Hull, HU62
£83505/241.17 miDane Park, Hull, HU62
£85004/241.18 miDane Park, Hull, HU62
£67512/241.22 mi-2
£52504/241.22 mi-2
£80011/241.24 mi-2

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

1.46 miles away

Nearest school

0.30 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £90,000

December 26, 2024

Floor Plans

Description

  • Penthouse Apartment +
  • Popular Location +
  • Large Double Bedrooms +
  • Open Plan Living and Dining Kitchen +
  • Integrated Oven, Hob, and Extractor +
  • Freehold +
  • Council Tax B +
  • EPC Rating C +

INVITING OFFERS BETWEEN £90,000-£100,000

Check out the video!!

Summary: Discover a versatile and spacious penthouse apartment located in the popular Hainsworth Park area of Hull. This impressive home is situated in a peaceful suburb, conveniently close to the university and offers easy access to both hospitals. This huge apartment provides ample living space, modern amenities, and a secure environment.

From the Agent's Perspective: Welcome to this expansive penthouse apartment in Hainsworth Park. As you arrive, you'll find a convenient parking space at the front of the building. Entering the building, the entrance hallway and staircases lead you to a stunning picture window just outside the apartment.

Inside, the entrance hallway guides you to the right, where you'll discover a huge open plan living and dining kitchen. This space is brilliantly lit by four velux windows, offering a warm and inviting atmosphere. The kitchen is equipped with an integrated oven, hob, and extractor, along with space for additional appliances. There's plenty of room for your sofas and a dining area, and you'll find handy eaves storage.

Down the small hallway, the bathroom is on the right, featuring a large window, a shower over bath, a basin, and a WC. Next, you'll find the second bedroom, a very large double bedroom with a velux window. The master bedroom is even more spacious, with a set of wardrobes with sliding doors, two large windows, and ample space for all your modern furniture.

This apartment is an excellent opportunity for someone starting out, seeking a safe, secure, and spacious home. It's also ideal for someone with rental aspirations or those needing proximity to the university or hospitals.

Tenure The property is leasehold

Ground Rent: £150 per annum Ground Rent Review Period (no. of years/months): Annual Service Charge: £1734.30 for 2024 Annual Ground Rent Increase (%): Length of Lease (Number of yrs remaining): 980

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

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.

Site Plan Disclaimer The site plan is for guidance only to show how the property sits within the plot and is not to scale.

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 💪