2 Bed Flat, Single Let, Hull, HU6 7BQ, £60,000

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

Leasehold
BTL
ROI: 17%
~68 m²
+4 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£550 - £915

Rent Estimate

£600

Running Costs/mo

£328

Cashflow/mo

£273

Cashflow/yr

£3,270

ROI

17%

Gross Yield

12%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£81K07/220.34 mi20, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£56K02/210.36 mi13, Gullane Drive, Hull, Humberside HU6 7XQ2
£57K05/220.36 mi8, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£115K10/220.65 mi19, Linn Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GD2
£127K06/210.77 mi51, Rivelin Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GP2
£85K06/221.45 mi69, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/211.45 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/211.48 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£62K03/231.84 mi46, Lambwath Hall Court, Bransholme, Hull, City Of Kingston Upon Hull HU7 4WN2
£90K10/222.01 mi11, St Marys Mount, Cottingham, East Riding Of Yorkshire HU16 4LQ2
£65K04/222.03 mi2, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£67.5K06/212.04 mi11, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£75K10/202.04 mi19, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£118K04/222.11 miFlat 23, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/232.13 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/232.13 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£135K06/212.13 miFlat 14, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£132.5K10/222.13 miFlat 5, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£115.5K06/222.14 miFlat 26, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£115K11/222.16 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£107.5K03/212.16 mi10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£41K03/222.18 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£93K03/232.28 mi52, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE2
£120K06/212.28 mi64, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE2
£108K11/212.32 mi26, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£120K09/222.32 mi18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£85K05/212.32 mi18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£65K03/212.32 mi16, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£110K11/212.32 mi28, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£120K06/222.32 mi12, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£125K12/222.33 mi26, Finkle Street, Cottingham, East Riding Of Yorkshire HU16 4AZ2
£50K07/212.46 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£50K07/212.47 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£90.5K11/222.52 mi10, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ2
£92K12/202.52 mi6, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ2
£87K12/212.53 mi292a, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 8LJ2
£71.3K04/222.61 mi32, Lowdale Close, Hull, City Of Kingston Upon Hull HU5 5DS2
£70K10/202.65 mi345, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 1LD2
£98K10/222.68 mi6, Lea Crescent, Cottingham, East Riding Of Yorkshire HU16 5BX2
£92K10/222.68 mi5, Lea Crescent, Cottingham, East Riding Of Yorkshire HU16 5BX2
£100K08/222.69 mi43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL2
£75K10/222.7 mi17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£62K07/212.7 mi11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£73K05/222.7 mi55, Winteringham Walk, Cottingham, East Riding Of Yorkshire HU16 5HL2
£73.5K10/222.72 mi50, Dayton Road, Hull, City Of Kingston Upon Hull HU5 5TF2
£70K06/222.84 mi147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£72.5K01/232.85 mi137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN2
£127K07/222.87 mi2, Chelsea Court, Cottingham, East Riding Of Yorkshire HU16 5DU2
£48.5K05/222.91 mi59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ2

Local Rents

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

RentDateDistanceAddressBeds 
£82505/240.2 miGreylees Avenue, Hull2
£67506/240.31 mi-2
£67506/240.31 miDovestone Way, Hull, HU72
£67505/240.31 miDovestone Way, Kingswood, HULL2
£67506/240.31 miDovestone Way, Kingswood, HULL2
£67506/240.31 miDovestone Way, Kingswood, HULL2
£55004/240.33 miBronte Court, Haworth Park, Hull, East Yorkshire, HU62
£65004/240.45 miThirlmere Way, Kingswood, Hull, HU72
£67504/240.47 miLadybower Way, Kingswood, Hull, East Yorkshire, HU72
£72504/240.61 mi-2
£72505/240.84 mi-2
£64903/250.89 mi-2
£77512/230.89 mi-2
£80006/240.96 miSchool Lane, Kingswood, HULL2
£89506/240.97 miSchool Lane, Kingswood, Hull2
£85010/240.99 mi-2
£60504/240.99 mi-2
£83504/240.99 miDane Park, Hull, HU62
£83505/240.99 miDane Park, Hull, HU62
£89005/241.01 miDane Park, Hull, HU62
£75004/241.01 miChartwell Gardens, Kingswood, HULL2
£70001/241.01 miChartwell Gardens, Hull, East Riding Of Yorkshire, HU72
£91505/241.02 miDane Park, Hull, HU62
£85004/241.03 miDane Park, Hull, HU62
£80006/241.05 mi-2
£69506/241.05 miBoston Court, Kingswood, Hull2
£69505/241.1 mi631 Beverley Road, Hull, HU62
£67504/241.2 mi-2
£75003/241.2 mi-2
£65006/241.2 miFoxglove Close, Kingswood, Hull, East Riding Of Yorkshire, HU72

Property History

Listed for £60,000

January 22, 2025

Floor Plans

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • Ideal for investors seeking a high-yield opportunity +
  • 12% gross yield based on a purchase price of £60,000 +
  • Currently tenanted, achieving £600 PCM rental income +
  • Within walking distance of a large Tesco supermarket +
  • Located on the corner of Compass Road, a sought-after area +
  • First floor: Two generously sized bedrooms and a bathroom +
  • Ground floor: Entrance hall, fitted kitchen, and living room +
  • Spacious duplex apartment with accommodation over two floors +

*Guide Price £60,000 - £70,000 plus Reservation Fee* Spacious Two-Bedroom Duplex Apartment – Fantastic Investment Opportunity This large duplex apartment spans two floors, offering well-proportioned accommodation that’s ideal for tenants or owner-occupiers. Currently tenanted and achieving £600 PCM, this property delivers a 12% gross yield based on a purchase price of £60,000, making it a standout investment opportunity. Key Features: Accommodation over two floors providing ample space
Ground floor: Entrance hall, fitted kitchen, and living room
First floor: Two generously sized bedrooms and a bathroom
Located on the corner of Compass Road, a fantastic area
Within walking distance to a large Tesco supermarket
Currently tenanted, achieving £600 PCM for immediate rental income Situated in a highly convenient location, this duplex apartment offers excellent value and strong rental returns. Arrange your viewing today! Fees, Exclusivity, and Disclaimer:  Fees:  Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.  The Reservation Fee can be refunded under certain circumstances;  i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office  Exclusivity:  Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.  Process:  Our process:  1. Register your interest  2. Prepare your finances for the purchase  3. Arrange a viewing  4. Make an offer  5. Secure your sale using our secure system  6. Exchange and complete  Disclaimer:  The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.  The Buyer is required to verify their ID & show proof of funds.  Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third-party services.  We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.

Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (SDLT). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay SDLT at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether SDLT applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor.  Rezee innovative way of selling is a secure and straightforward way to buy property.  Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Agent Details

Rezee, Hull

01482 251686

Next Steps?

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