2 Bed Flat, Single Let, Hull, HU3 2PD, £50,000

Linnaeus Street, Hull, HU3 2PD - 1 views - a month ago

Leasehold

BTL

ROI: 16%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£34K - £140K
Sold Prices/m²	£435/m² - £2.5K/m²

Square Metres	~68.11 m²
Price/m²	£734/m²
Value Estimate	£60,500£60,500
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£12,500£12,500
Stamp Duty & Legal Fees	£3,700£3,700
Total Cash In	£16,200£16,200

Cash Out
Rent Range	£485 - £945£485 - £945
Rent Estimate	£495
Running Costs/mo	£275£275
Cashflow/mo	£220£220
Cashflow/yr	£2,637£2,637
ROI	16%16%
Gross Yield	12%12%

Local Sold Prices

50 sold prices from £34K to £140K, average is £91.3K. £435/m² to £2.5K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£50K	11/22	0.02 mi	111, Linnaeus Street, Hull, City Of Kingston Upon Hull HU3 2QT	£710	70	2	Flat
£34K	04/22	0.18 mi	654, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LX	-	-	2	Flat
£80K	04/22	0.22 mi	362, Great Thornton Street, Hull, City Of Kingston Upon Hull HU3 2LT	£1,194	67	2	Flat
£50K	06/22	0.29 mi	9, Brisbane Street, Hull, City Of Kingston Upon Hull HU3 2HS	£758	66	2	Flat
£64K	09/21	0.31 mi	70, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DP	-	-	2	Flat
£45K	01/22	0.33 mi	14, Hobart Street, Hull, City Of Kingston Upon Hull HU3 2EX	-	-	2	Flat
£45K	07/21	0.34 mi	196, Porter Street, Hull, City Of Kingston Upon Hull HU1 2RF	£625	72	2	Flat
£61K	12/22	0.35 mi	41, St Lukes Street, Hull, City Of Kingston Upon Hull HU3 2EL	£836	73	2	Flat
£37K	07/22	0.36 mi	172, Cambridge Street, Hull, City Of Kingston Upon Hull HU3 2EF	£435	85	2	Flat
£72.5K	01/23	0.49 mi	137, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN	£1,422	51	2	Flat
£70K	06/22	0.49 mi	147, Clarendon Street, Hull, City Of Kingston Upon Hull HU3 1AN	£1,399	50	2	Flat
£73K	01/22	0.65 mi	54, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR	£986	74	2	Flat
£100K	08/22	0.66 mi	43, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LL	-	-	2	Flat
£140K	06/22	0.67 mi	26, Kingston Wharf, Hull, City Of Kingston Upon Hull HU1 2ES	£2,545	55	2	Flat
£98.5K	08/21	0.72 mi	55, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG	£1,894	52	2	Flat
£120K	09/22	0.72 mi	31, Wellington Street West, Hull, City Of Kingston Upon Hull HU1 2DG	£2,308	52	2	Flat
£115K	10/21	0.73 mi	4, Boatswain Croft, Hull, City Of Kingston Upon Hull HU1 2EJ	£2,255	51	2	Flat
£98K	03/23	0.73 mi	Flat 14, Warehouse 13, Kingston Street, Hull, City Of Kingston Upon Hull HU1 2DZ	-	-	2	Flat
£70K	10/20	0.86 mi	345, Spring Bank West, Hull, City Of Kingston Upon Hull HU3 1LD	-	-	2	Flat
£48.5K	05/22	1.07 mi	59, Sykes Street, Hull, City Of Kingston Upon Hull HU2 8AZ	£933	52	2	Flat
£50K	07/21	1.15 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£50K	07/21	1.16 mi	108, St Pauls Street, Hull, City Of Kingston Upon Hull HU2 0DG	£667	75	2	Flat
£41K	03/22	1.18 mi	27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ	-	-	2	Flat
£112.5K	03/23	1.35 mi	4, Black & Amber Way, Hull, City Of Kingston Upon Hull HU4 6BQ	£1,705	66	2	Flat
£115K	11/22	1.36 mi	12, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS	£2,018	57	2	Flat
£107.5K	03/21	1.36 mi	10, Madeira Court, Hull, City Of Kingston Upon Hull HU5 4BS	£1,886	57	2	Flat
£106K	09/21	1.36 mi	3, Jensen Mews, Hull, City Of Kingston Upon Hull HU4 6AX	£1,559	68	2	Flat
£127K	06/23	1.36 mi	88, South Bridge Road, Hull, City Of Kingston Upon Hull HU9 1TL	£1,814	70	2	Flat
£106K	09/21	1.37 mi	3, Jensen Mews, Hull, City Of Kingston Upon Hull HU4 6AX	£1,559	68	2	Flat
£127.5K	03/22	1.46 mi	37, Ha'penny Bridge Way, Hull, City Of Kingston Upon Hull HU9 1HD	£1,848	69	2	Flat
£110K	04/23	1.49 mi	139, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX	£1,864	59	2	Flat
£108K	02/21	1.49 mi	89, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PX	£1,862	58	2	Flat
£108K	02/21	1.49 mi	29, Plimsoll Way, Hull, Humberside HU9 1PW	£2,000	54	2	Flat
£100K	08/22	1.49 mi	35, Plimsoll Way, Hull, City Of Kingston Upon Hull HU9 1PW	£1,852	54	2	Flat
£125K	03/23	1.52 mi	14, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ	£2,315	54	2	Flat
£106.5K	06/22	1.53 mi	16, Sequana Court, Hull, City Of Kingston Upon Hull HU9 1PQ	£2,005	53	2	Flat
£77K	08/22	1.53 mi	7, Northella Drive, Hull, City Of Kingston Upon Hull HU4 6DE	-	-	2	Flat
£82.5K	04/22	1.53 mi	11, Northella Drive, Hull, City Of Kingston Upon Hull HU4 6DE	£1,618	51	2	Flat
£100K	03/23	1.58 mi	7, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	-	-	2	Flat
£105K	12/20	1.58 mi	3, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£1,750	60	2	Flat
£83.5K	12/22	1.58 mi	4, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£1,365	61	2	Flat
£118K	05/22	1.58 mi	6, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	£2,034	58	2	Flat
£97.5K	05/22	1.58 mi	5, Hartley Bridge, Hull, City Of Kingston Upon Hull HU9 1QG	-	-	2	Flat
£85K	08/21	1.6 mi	19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,574	54	2	Flat
£78.5K	01/23	1.6 mi	19, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,454	54	2	Flat
£101K	06/22	1.6 mi	52, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£1,906	53	2	Flat
£38K	11/22	1.61 mi	106, Lindsey Place, Hull, City Of Kingston Upon Hull HU4 6AF	£585	65	2	Flat
£75K	10/22	1.61 mi	17, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH	-	-	2	Flat
£62K	07/21	1.61 mi	11, Bermondsey Drive, Hull, City Of Kingston Upon Hull HU5 5EH	£1,240	50	2	Flat
£110K	04/22	1.61 mi	44, Lock Keepers Court, Hull, City Of Kingston Upon Hull HU9 1QH	£2,037	54	2	Flat

Local Rents

31 rents from £485/mo to £945/mo, average is £600/mo.

Rent	Date	Distance	Address	Beds	Type
£559	05/24	0.11 mi	Linnaeus Street, Hull, East Riding Of Yorkshire, HU3	2	Flat
£550	05/24	0.12 mi	Barberry Court, Hull, HU3 2QX	2	Terraced House
£650	04/24	0.14 mi	Royal Mews, Hull, East Riding Of Yorkshire, HU3	2	Flat
£550	10/24	0.2 mi	-	2	Flat
£663	05/24	0.21 mi	Coltman Street, Hull, East Riding Of Yorkshire, HU3	2	Flat
£625	04/24	0.23 mi	Albert Avenue, Wellsted Street, Hull	2	Terraced House
£670	04/25	0.25 mi	-	2	Flat
£485	02/24	0.27 mi	-	2	Flat
£485	02/24	0.27 mi	-	2	Flat
£700	03/25	0.28 mi	-	2	Terraced House
£495	03/25	0.3 mi	-	2	Flat
£600	03/24	0.35 mi	-	2	Terraced House
£650	12/24	0.36 mi	-	2	Terraced House
£700	05/24	0.36 mi	-	2	Terraced House
£600	12/24	0.36 mi	-	2	Terraced House
£600	03/25	0.36 mi	-	2	Flat
£595	04/24	0.37 mi	Boulevard, Hull, East Riding Of Yorkshire, HU3	2	Flat
£595	05/24	0.37 mi	Boulevard, Hull, East Riding Of Yorkshire, HU3	2	Flat
£595	04/24	0.37 mi	Boulevard, Hull, East Riding Of Yorkshire, HU3	2	Flat
£625	05/24	0.39 mi	Renaissance House, 49 Boulevard, Hull, HU3 2TS	2	Terraced House
£650	10/24	0.42 mi	-	2	Terraced House
£675	11/23	0.45 mi	-	2	Terraced House
£525	05/24	0.47 mi	Aylesford Street, Hull, East Riding of Yorkshire, HU3	2	Terraced House
£650	10/24	0.48 mi	-	2	Terraced House
£575	04/24	0.49 mi	Clarendon Street, Hull, HU3	2	Flat
£625	05/24	0.55 mi	Avenue Crescent, Albemarle Street, Hull, East Riding Of Yorkshire, HU3	2	Terraced House
£945	04/24	0.59 mi	-	2	Flat
£600	04/24	0.6 mi	Urban 1, Spring Street,	2	Flat
£525	01/24	0.6 mi	Apartment 9, 12 Spring StreetHullHU2 8RD	2	Flat
£600	04/24	0.6 mi	Urban 1,	2	Flat
£595	05/24	0.61 mi	Spring Street, HU2	2	Flat

Local Area Statistics

Population in HU3	26,64826,648
Population in Hull	313,622313,622
Town centre distance	1.51 miles away1.51 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £50,000

February 24, 2025

Floor Plans

Description

2 Bedroom Leasehold Flat +
Can Be Sold With Tenant In Situ, Tenant Currently Paying £495 PCM +
Service Charge/Ground Rent: TBC/£50.00 Per Annum +
Gated Communal Parking +
Great Local Amenities +

SUMMARY
William H. Brown are delighted to market this 2 bedroom leasehold flat! The property can be sold with tenant in situ.

DESCRIPTION
An excellent investment opportunity! This well presented 2 bedroom first floor flat is being sold with a tenant in situ on a periodic tenancy, currently generating a rental income of £495 per calendar month. Ideal for investors looking for a hassle-free addition to their portfolio.

The flat is located within a well-maintained building, offering the convenience of communal gated parking for added security. Inside, the property features a spacious living area, two good-sized bedrooms, a modern kitchen, and a bathroom.

Situated in a highly desirable area with great local amenities close by, including shops, schools, and easy access to transport links, this property combines comfort with practicality.

With a tenant already in place, this is a ready-made investment - enquire today for more details!

Entrance Hall
Wooden entrance door to the front, storage cupboard and a radiator.

Lounge 11' 9" max x 15' 8" ( 3.58m max x 4.78m )
Double glazed window to the rear and a radiator.

Kitchen 7' 7" x 10' 3" ( 2.31m x 3.12m )
Fitted kitchen with a range of wall and base units, work surfaces, 4 ring induction hob with hood over, oven point, stainless steel sink, plumbing for an automatic washing machine, radiator, boiler and double glazed window to the rear.

Bedroom 1 10' 8" x 10' 2" ( 3.25m x 3.10m )
Double glazed window to the side and a radiator.

Bedroom 2 10' 3" x 7' 7" ( 3.12m x 2.31m )
Double glazed window to the side and a radiator.

Bathroom
Bathroom with panelled bath with shower over, low level W/C, pedestal wash hand basin, extractor fan and a radiator.

DIRECTIONS
See below map for property location, for further information please contact the Residential Sales Team on .

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Hull Newland Avenue

01482 251831

Next Steps?

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