2 Bed Flat, Single Let, Hull, HU6 8QQ, £89,950

Hainsworth Park, Hull HU6 8QQ 8QQ - 3 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£103,300
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£5,698

Total Cash In

£28,185

 

 

Cash Out

 

Rent Range

£525 - £1,127

Rent Estimate

£569

Running Costs/mo

£415

Cashflow/mo

£154

Cashflow/yr

£1,849

ROI

7%

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 
£85K06/220.01 mi69, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/210.02 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/210.04 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£90K10/220.9 mi11, St Marys Mount, Cottingham, East Riding Of Yorkshire HU16 4LQ2
£118K04/220.94 miFlat 23, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/230.95 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/230.95 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£135K06/210.95 miFlat 14, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£132.5K10/220.95 miFlat 5, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£115.5K06/220.96 miFlat 26, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£93K03/231.15 mi52, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE2
£120K06/211.15 mi64, King Street, Cottingham, East Riding Of Yorkshire HU16 5QE2
£108K11/211.17 mi26, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£120K09/221.17 mi18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£85K05/211.17 mi18, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£65K03/211.17 mi16, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£110K11/211.17 mi28, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£120K06/221.17 mi12, Elm Tree Court, Cottingham, East Riding Of Yorkshire HU16 5PZ2
£125K12/221.2 mi26, Finkle Street, Cottingham, East Riding Of Yorkshire HU16 4AZ2
£115K11/221.33 mi12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£107.5K03/211.33 mi10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS2
£71.3K04/221.35 mi32, Lowdale Close, Hull, City Of Kingston Upon Hull HU5 5DS2
£73.5K10/221.36 mi50, Dayton Road, Hull, City Of Kingston Upon Hull HU5 5TF2
£73K05/221.38 mi55, Winteringham Walk, Cottingham, East Riding Of Yorkshire HU16 5HL2
£98K10/221.41 mi6, Lea Crescent, Cottingham, East Riding Of Yorkshire HU16 5BX2
£92K10/221.41 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
£75K10/221.49 mi17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£62K07/211.49 mi11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH2
£127K07/221.62 mi2, Chelsea Court, Cottingham, East Riding Of Yorkshire HU16 5DU2
£41K03/221.93 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£115K10/221.93 mi19, Linn Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GD2

Local Rents

21 rents from £525/mo to £1.1K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£60005/240.01 miHainsworth Park, Hull, HU62
£77004/240.09 mi-2
£75001/250.09 mi-2
£60504/240.56 mi-2
£64904/250.77 mi-2
£92504/240.89 miApartment 5, 36 Newland Park2
£79504/240.93 miHartoft Rd, Hull, HU5 4LB2
£59503/250.94 mi-2
£77502/241.06 mi-2
£77501/251.06 mi-2
£80006/241.06 mi-2
£89005/241.16 miDane Park, Hull, HU62
£91505/241.17 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
£67512/241.21 mi-2
£52504/241.21 mi-2
£80011/241.23 mi-2
£1,12712/241.24 mi-2
£75005/241.24 mi1 Clarendon AvenueManvers StreetHull2

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

1.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £89,950

January 27, 2025

Floor Plans

Description

  • Secure First Floor Apartment +
  • 2 good Sized Bedrooms +
  • Modern Bathroom plus En suite to Main Bedroom +
  • Lounge with Juliet Balcony, Open Plan Kitchen +
  • Negotiable extras +
  • Allocated parking space +

A modern first floor apartment, offering surprisingly spacious accommodation,  situated in a residential cul-de-sac it offering secure living only a short distance from local shops, amenities and the University. Immaculately presented throughout, it offers an abundance of natural light due to it's design in spanning the full width of the building. In pristine condition and with a well planned layout and "flow", it's available with furniture and extras by negotiation.  It has intercom entry from ground level which leads to the communal area and one flight of stairs to the apartment. There are 2 double bedrooms , one with it's own en suite, in addition to a modern bathroom. There is a good sized open plan lounge with double doors to a juliet balcony and fitted kitchen with integrated appliances. uPVC double glazing and heating are throughout. Outside lie well tended communal grounds and private designated parking. An ideal buy for those looking for the finished article. lease details  999 years started 2006  ground rent 150 pa £407.04 per quarter

Agent Details

Lime Property, Hull

01482 251733

Next Steps?

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