2 Bed Flat, Single Let, Hull, HU6 7BQ, £80,000

Compass Road, Hull, HU6 7BQ - 3 months ago

Sold STC

Leasehold

BTL

ROI: 11%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£41K - £135K
Sold Prices/m²	£667/m² - £2.3K/m²

Square Metres	~68.11 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	£3,600£3,600
Total Cash In	£23,600£23,600

Cash Out
Rent Range	£550 - £915£550 - £915
Rent Estimate	£611
Running Costs/mo	£392£392
Cashflow/mo	£219£219
Cashflow/yr	£2,626£2,626
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

49 sold prices from £41K to £135K, average is £87K. £667/m² to £2.3K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£81K	07/22	0.34 mi	20, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ	£1,841	44	2	Flat
£56K	02/21	0.36 mi	13, Gullane Drive, Hull, Humberside HU6 7XQ	£1,217	46	2	Flat
£57K	05/22	0.36 mi	8, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ	-	-	2	Flat
£115K	10/22	0.65 mi	19, Linn Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GD	-	-	2	Flat
£127K	06/21	0.77 mi	51, Rivelin Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GP	£1,924	66	2	Flat
£85K	06/22	1.45 mi	69, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ	£1,371	62	2	Flat
£80K	07/21	1.45 mi	61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ	£1,488	54	2	Flat
£80K	07/21	1.48 mi	61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ	£1,488	54	2	Flat
£62K	03/23	1.84 mi	46, Lambwath Hall Court, Bransholme, Hull, City Of Kingston Upon Hull HU7 4WN	£1,028	60	2	Flat
£90K	10/22	2.01 mi	11, St Marys Mount, Cottingham, East Riding Of Yorkshire HU16 4LQ	£1,475	61	2	Flat
£65K	04/22	2.03 mi	2, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX	£1,680	39	2	Flat
£67.5K	06/21	2.04 mi	11, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX	£1,534	44	2	Flat
£75K	10/20	2.04 mi	19, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX	£1,704	44	2	Flat
£118K	04/22	2.11 mi	Flat 23, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB	-	-	2	Flat
£125K	08/23	2.13 mi	Flat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB	£1,894	66	2	Flat
£125K	08/23	2.13 mi	Flat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB	£1,894	66	2	Flat
£135K	06/21	2.13 mi	Flat 14, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB	-	-	2	Flat
£132.5K	10/22	2.13 mi	Flat 5, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB	-	-	2	Flat
£115.5K	06/22	2.14 mi	Flat 26, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB	-	-	2	Flat
£115K	11/22	2.16 mi	12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS	£2,018	57	2	Flat
£107.5K	03/21	2.16 mi	10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS	£1,886	57	2	Flat
£41K	03/22	2.18 mi	27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ	-	-	2	Flat
£93K	03/23	2.28 mi	52, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE	£1,240	75	2	Flat
£120K	06/21	2.28 mi	64, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE	£1,967	61	2	Flat
£108K	11/21	2.32 mi	26, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ	£1,871	58	2	Flat
£120K	09/22	2.32 mi	18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ	£2,182	55	2	Flat
£85K	05/21	2.32 mi	18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ	£1,545	55	2	Flat
£65K	03/21	2.32 mi	16, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ	£985	66	2	Flat
£110K	11/21	2.32 mi	28, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ	£1,719	64	2	Flat
£120K	06/22	2.32 mi	12, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ	-	-	2	Flat
£125K	12/22	2.33 mi	26, Finkle Street, Cottingham, East Riding Of Yorkshire HU16 4AZ	-	-	2	Flat
£50K	07/21	2.46 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£50K	07/21	2.47 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£90.5K	11/22	2.52 mi	10, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ	£1,740	52	2	Flat
£92K	12/20	2.52 mi	6, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ	£1,804	51	2	Flat
£87K	12/21	2.53 mi	292a, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 8LJ	£1,130	77	2	Flat
£71.3K	04/22	2.61 mi	32, Lowdale Close, Hull, City Of Kingston Upon Hull HU5 5DS	£1,414	50	2	Flat
£70K	10/20	2.65 mi	345, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 1LD	-	-	2	Flat
£98K	10/22	2.68 mi	6, Lea Crescent, Cottingham, East Riding Of Yorkshire HU16 5BX	£1,394	70	2	Flat
£92K	10/22	2.68 mi	5, Lea Crescent, Cottingham, East Riding Of Yorkshire HU16 5BX	£1,165	79	2	Flat
£100K	08/22	2.69 mi	43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL	-	-	2	Flat
£75K	10/22	2.7 mi	17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH	-	-	2	Flat
£62K	07/21	2.7 mi	11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH	£1,240	50	2	Flat
£73K	05/22	2.7 mi	55, Winteringham Walk, Cottingham, East Riding Of Yorkshire HU16 5HL	-	-	2	Flat
£73.5K	10/22	2.72 mi	50, Dayton Road, Hull, City Of Kingston Upon Hull HU5 5TF	-	-	2	Flat
£70K	06/22	2.84 mi	147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN	£1,399	50	2	Flat
£72.5K	01/23	2.85 mi	137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN	£1,422	51	2	Flat
£127K	07/22	2.87 mi	2, Chelsea Court, Cottingham, East Riding Of Yorkshire HU16 5DU	£2,309	55	2	Flat
£48.5K	05/22	2.91 mi	59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ	£933	52	2	Flat

Local Rents

30 rents from £550/mo to £915/mo, average is £713/mo.

Rent	Date	Distance	Address	Beds	Type
£825	05/24	0.2 mi	Greylees Avenue, Hull	2	Bungalow
£675	06/24	0.31 mi	-	2	Flat
£675	06/24	0.31 mi	Dovestone Way, Hull, HU7	2	Flat
£675	05/24	0.31 mi	Dovestone Way, Kingswood, HULL	2	Flat
£675	06/24	0.31 mi	Dovestone Way, Kingswood, HULL	2	Flat
£675	06/24	0.31 mi	Dovestone Way, Kingswood, HULL	2	Flat
£550	04/24	0.33 mi	Bronte Court, Haworth Park, Hull, East Yorkshire, HU6	2	Flat
£650	04/24	0.45 mi	Thirlmere Way, Kingswood, Hull, HU7	2	Semi-Detached House
£675	04/24	0.47 mi	Ladybower Way, Kingswood, Hull, East Yorkshire, HU7	2	Terraced House
£725	04/24	0.61 mi	-	2	Terraced House
£725	05/24	0.84 mi	-	2	Semi-Detached House
£649	03/25	0.89 mi	-	2	Terraced House
£775	12/23	0.89 mi	-	2	Terraced House
£800	06/24	0.96 mi	School Lane, Kingswood, HULL	2	Terraced House
£895	06/24	0.97 mi	School Lane, Kingswood, Hull	2	Terraced House
£850	10/24	0.99 mi	-	2	Terraced House
£605	04/24	0.99 mi	-	2	Terraced House
£835	04/24	0.99 mi	Dane Park, Hull, HU6	2	Semi-Detached House
£835	05/24	0.99 mi	Dane Park, Hull, HU6	2	Semi-Detached House
£890	05/24	1.01 mi	Dane Park, Hull, HU6	2	Semi-Detached House
£750	04/24	1.01 mi	Chartwell Gardens, Kingswood, HULL	2	Terraced House
£700	01/24	1.01 mi	Chartwell Gardens, Hull, East Riding Of Yorkshire, HU7	2	Terraced House
£915	05/24	1.02 mi	Dane Park, Hull, HU6	2	Semi-Detached House
£850	04/24	1.03 mi	Dane Park, Hull, HU6	2	Semi-Detached House
£800	06/24	1.05 mi	-	2	Flat
£695	06/24	1.05 mi	Boston Court, Kingswood, Hull	2	Semi-Detached House
£695	05/24	1.1 mi	631 Beverley Road, Hull, HU6	2	Flat
£675	04/24	1.2 mi	-	2	Terraced House
£750	03/24	1.2 mi	-	2	Terraced House
£650	06/24	1.2 mi	Foxglove Close, Kingswood, Hull, East Riding Of Yorkshire, HU7	2	Terraced House

Local Area Statistics

Population in HU6	33,51533,515
Population in Hull	313,622313,622
Town centre distance	1.79 miles away1.79 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.93 miles away1.93 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-7%-7%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+30%+30%

Property History

Listed for £80,000

January 3, 2025

Floor Plans

Description

2nd Floor Apartment +
Long Lease +
Designated Parking +
2 Bedrooms +
Shared Balcony +
Leasehold +

Asking Price £80,000

This upper floor apartment, is now available for sale with a long lease! Perfect investment opportunity! Offering a modern kitchen ideal for family meals and entertaining guests. Spacious lounge and reception room, creating ample living space for relaxation and gatherings. The property also offers 2 well-proportioned bedrooms, offering plenty of room for family or guests, alongside a bathroom. The property also boasts a shared balcony over looking the side aspect and perfect for enjoying the views and enjoying the fresh air.

Located just off the popular Beverley Road, It offers excellent local amenities, shopping such as Tesco Asda Superstore, Herons Food and Farmfoods all a short distance away. It is also in close proximity to The Kingswood Retail Park which offers many dining options, retail shops and activities from arcade to the cinema. Well regarded schools, such as Sirius Academy North and Thorpepark Academy are minutes away.

Lease Details

Lease - 209 years
Ground Rent - Peppercorn
Service Charge - £1300 per annum

Agent Details

Wigwam Homes, Hull

01482 251836

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents