2 Bed Flat, Single Let, Hull, HU8 9FF, £75,000

Lealholme Court Howdale Road, Hull, HU8 9FF - 2 views - 2 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£38.5K - £127K
Sold Prices/m²£642/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£92,250
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£550 - £850

Rent Estimate

£550

Running Costs/mo

£364

Cashflow/mo

£186

Cashflow/yr

£2,228

ROI

10%

Gross Yield

9%

Local Sold Prices

38 sold prices from £38.5K to £127K, average is £82.3K. £642/m² to £2.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£90.5K11/220.27 mi10, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ2
£92K12/200.27 mi6, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ2
£65K04/220.69 mi2, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£67.5K06/210.7 mi11, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£62K03/230.74 mi46, Lambwath Hall Court, Bransholme, Hull, City Of Kingston Upon Hull HU7 4WN2
£87K12/211.24 mi292a, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 8LJ2
£55K11/221.55 mi63, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW2
£52K01/211.57 mi52, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW2
£47K04/211.57 mi44, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW2
£50K04/221.59 mi40, Regis Court, Hull, City Of Kingston Upon Hull HU9 4TW2
£68K11/201.92 mi157, Ark Royal, Bilton, Hull, City Of Kingston Upon Hull HU11 4BP2
£79K09/211.92 mi185, Ark Royal, Bilton, Hull, City Of Kingston Upon Hull HU11 4BP2
£75K01/231.95 mi20, Staveley Road, Hull, City Of Kingston Upon Hull HU9 4SA2
£127K06/212.22 mi51, Rivelin Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GP2
£101.5K09/222.34 mi13a, Galfrid Road, Bilton, Hull, East Riding Of Yorkshire HU11 4EJ2
£38.5K08/222.37 mi55, Newtown Court, Hull, City Of Kingston Upon Hull HU9 1SL2
£115K10/222.55 mi19, Linn Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GD2
£50K07/212.6 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£50K07/212.61 mi108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG2
£81K07/222.71 mi20, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£56K02/212.72 mi13, Gullane Drive, Hull, Humberside HU6 7XQ2
£57K05/222.72 mi8, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£41K03/222.74 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£48.5K05/222.79 mi59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ2
£120K06/222.83 mi38, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB2
£110K05/222.84 mi75, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB2
£95K12/202.84 mi19, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB2
£97.5K05/222.94 mi5, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£83.5K12/222.94 mi4, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£118K05/222.94 mi6, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£100K03/232.95 mi7, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£105K12/202.95 mi3, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG2
£106.5K06/222.98 mi16, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£125K03/232.98 mi14, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ2
£110K04/223 mi44, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2
£85K08/213 mi19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2
£78.5K01/233 mi19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2
£101K06/223 mi52, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH2

Local Rents

10 rents from £550/mo to £850/mo, average is £673/mo.

RentDateDistanceAddressBeds 
£55005/240.01 miLealholme Court, Howdale Road, Hull, East Riding Of Yorkshire, HU82
£57504/240.02 mi-2
£55005/240.02 mi-2
£57504/240.02 miMallyan Close, Hull, HU82
£65012/230.41 mi-2
£69503/250.41 mi-2
£75005/240.45 mi-2
£85012/240.46 mi-2
£85002/250.46 mi-2
£77504/250.46 mi-2

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

2.78 miles away

Nearest school

0.40 miles away

Nearest train station

3.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £75,000

February 9, 2025

Floor Plans

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • Modern 2-bedroom apartment in a quiet cul-de-sac off sought-after Howdale Road +
  • Spacious open-plan living area seamlessly flowing into a contemporary kitchen +
  • Two generously sized bedrooms, perfect for comfortable living +
  • Well-appointed bathroom with a modern finish +
  • Allocated parking space for added convenience +
  • Great investment opportunity, with an estimated rental income of £650 PCM +
  • Ideal for first-time buyers looking for an affordable step onto the property ladder +
  • Competitively priced to attract early interest, with no chain involved +

Guide Price £75,000 - £85,000 plus Reservation Fee Modern 2-Bedroom Apartment – Excellent Value & Prime Location Nestled in a quiet, modern cul-de-sac just off the sought-after Howdale Road area, this well-presented two-bedroom apartment offers exceptional value for money. Perfect for first-time buyers or investors, the property is competitively priced to attract early interest and is available with no chain, ensuring a smooth and hassle-free purchase. Inside, the spacious open-plan living area flows seamlessly into a contemporary kitchen, creating a bright and inviting space ideal for both relaxing and entertaining. Both bedrooms are generously sized, while the well-appointed bathroom adds to the home’s modern appeal. Further benefits include an allocated parking space and a prime location within easy reach of local amenities and transport links. With an estimated rental income of approximately £650 PCM, this property presents a fantastic investment opportunity. Don’t miss out—book 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 2% 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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