2 Bed Flat, Single Let, Hull, HU7 3AT, £70,000

Woodheys Park, Kingswood, Hull, HU7 3AT - 2 views - a month ago

Leasehold
Auction
BTL
ROI: 17%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£41K - £135K
Sold Prices/m²£1K/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£84,700
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£650 - £895

Rent Estimate

£685

Running Costs/mo

£376

Cashflow/mo

£309

Cashflow/yr

£3,711

ROI

17%

Gross Yield

12%

Local Sold Prices

22 sold prices from £41K to £135K, average is £88.5K. £1K/m² to £1.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£127K06/210.16 mi51, Rivelin Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GP2
£115K10/220.53 mi19, Linn Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GD2
£81K07/220.95 mi20, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£56K02/210.95 mi13, Gullane Drive, Hull, Humberside HU6 7XQ2
£57K05/220.95 mi8, Gullane Drive, Hull, City Of Kingston Upon Hull HU6 7XQ2
£62K03/231.39 mi46, Lambwath Hall Court, Bransholme, Hull, City Of Kingston Upon Hull HU7 4WN2
£65K04/221.99 mi2, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£67.5K06/212 mi11, Poplar Court, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4YX2
£90.5K11/222.29 mi10, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ2
£92K12/202.29 mi6, High Trees Mount, Hull, City Of Kingston Upon Hull HU8 9EZ2
£85K06/222.33 mi69, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/212.33 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£80K07/212.36 mi61, Hainsworth Park, Hull, City Of Kingston Upon Hull HU6 8QQ2
£87K12/212.66 mi292a, James Reckitt Avenue, Hull, City Of Kingston Upon Hull HU8 8LJ2
£90K10/222.77 mi11, St Marys Mount, Cottingham, East Riding Of Yorkshire HU16 4LQ2
£41K03/222.86 mi27, Cave Street, Hull, City Of Kingston Upon Hull HU5 2TZ2
£118K04/222.9 miFlat 23, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/232.91 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£125K08/232.91 miFlat 10, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£135K06/212.91 miFlat 14, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£132.5K10/222.91 miFlat 5, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2
£115.5K06/222.93 miFlat 26, Shardeloes Court, Newgate Street, Cottingham, East Riding Of Yorkshire HU16 4EB2

Local Rents

14 rents from £650/mo to £895/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£77512/230.11 mi-2
£85010/240.17 mi-2
£69506/240.23 miBoston Court, Kingswood, Hull2
£72505/240.27 mi-2
£67504/240.3 mi-2
£89506/240.35 miSchool Lane, Kingswood, Hull2
£80006/240.36 miSchool Lane, Kingswood, HULL2
£72504/250.37 mi-2
£65006/240.39 miFoxglove Close, Kingswood, Hull, East Riding Of Yorkshire, HU72
£72504/240.43 mi-2
£82501/250.48 mi-2
£75003/240.48 mi-2
£75004/240.55 miChartwell Gardens, Kingswood, HULL2
£70001/240.55 miChartwell Gardens, Hull, East Riding Of Yorkshire, HU72

Local Area Statistics

Population in HU7

42,150

Population in Hull

313,622

Town centre distance

2.55 miles away

Nearest school

0.30 miles away

Nearest train station

2.69 miles away

 

 

Rental demand

Tenant's market

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Listed for £70,000

March 19, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • No onwards chain +
  • Open-plan living +
  • Council tax band: A +
  • Off-street parking +
  • Excellent location +

SUMMARY
Offered to the market with no onward chain, this well-presented two-bedroom upper-floor flat is an excellent opportunity for first-time buyers and investors alike. Situated in a prime location close to local shops and amenities, this property provides both convenience and comfort.

DESCRIPTION
The apartment features a spacious open-plan kitchen and living area, creating a bright and sociable space. The two bedrooms offer comfortable accommodation, while the bathroom includes a shower over the bath for added practicality.
Additional benefits include storage space in the hallway, a communal area, and allocated parking, along with visitor spaces for added convenience.

With its sought-after location and no chain, this property is a fantastic opportunity. Book a viewing today!

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 

Living Room/Kitchen 18' 8" max x 11' 7" max ( 5.69m max x 3.53m max )

Bedroom 1 10' 5" max x 10' 2" max ( 3.17m max x 3.10m max )

Bedroom 2 10' 2" max x 8' 8" max ( 3.10m max x 2.64m max )

Bathroom  8' 11" max x 4' 5" max ( 2.72m max x 1.35m max )

Please Note: 
There is a discrepancy in the lease terms of the property from the land registry and what the vendor believes to be accurate. Please enquire for further information regarding this before proceeding.

DIRECTIONS
Please see below map, or for further information, please contact the residential sales team on .

We currently hold lease details as displayed above, should you require 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 Holderness Road

01482 251615

Next Steps?

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