MyPad says ..
INVESTMENT OPPORTUNITY WITH POTENTIAL FOR HIGH RETURN To be converted into 9 studios & 1 x 3-bed HMO to the rear With private rear access car park Potential annual income of £80,000+ (after renovation) Predicted gross return after renovation – 12 to 13% Buyer's ...
Property Oracle says ..
The property is a block of apartments located on Spring Bank in Hull. The location benefits from being close to several primary schools, including Pearson Primary School (rated good by Ofsted) and Collingwood Primary School, both within a short distance. Public transport links are also readily available with Hull train station approximately 1.18km away. The list price of £330,000 seems high considering the average price for properties in the area is £259,400 and the average price per sqft is £308. The property itself is in need of significant renovation, as evidenced by the photographs showing a dilapidated exterior and overgrown vegetation. The lack of plot size further detracts from its value. While the property has a large number of bedrooms and bathrooms (12 and 10 respectively), the condition significantly impacts its overall desirability and value.
Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 3
- Location
- 7
- Land
- 1
- Bedrooms
- 12
- Bathrooms
- 10
- Sqft (est)
- 506.30
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Metrics Year-on-Year
- Average area value
- 487,124.00 £Increased by 94.35 %
- Est sale value
- 311,880.80 £Increased by 112.41 %
- Average area rental value
- 1,220.00 £/moIncreased by 6.46 %
- Est letting value
- 506.30 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.01 %Decreased by 45.17 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
MyPad created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Collingwood Primary School | Academy Converter | 0.12 KM | |
| Marvell House Children'S Centre | Children's Centre Linked Site | 0.40 KM | |
| Pearson Primary School | Academy Converter | Good | 0.48 KM |
| St Charles Voluntary Catholic Academy | Academy Sponsor Led | 0.95 KM | |
| Froebel House School | Other Independent School | Good | 0.97 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Stanley Street | £ 0 | 0 | 0.00 KM |
| Browning Close | £ 0 | 0 | 0.00 KM |
| Park Street | £ 58,000 | 0 | 0.00 KM |
| Trafalgar Street | £ 0 | 0 | 0.00 KM |
| Cavendish Square | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Hull | 8126 | HUL | 1.18 KM |
| New Holland | 6209 | NHL | 5.43 KM |
| Cottingham | 8056 | CGM | 6.73 KM |
| Barrow Haven | 6212 | BAV | 7.28 KM |
| Goxhill | 6206 | GOX | 8.42 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Spring Bank, Hull | £ 120,000 | BUY | Unknown | 0.00 KM |
| Flat 1, 15 Hutt Street, Hull, East Yorkshire, HU3 1QL | £ 22,000 | BUY | 5 / 10 | 0.13 KM |
| Flat 2, 14 Hutt Street, Hull, East Yorkshire, HU3 1QL | £ 28,000 | BUY | 5 / 10 | 0.13 KM |
| Flat 2, 14 Hutt Street, Hull, East Yorkshire, HU3 1QL | £ 27,500 | BUY | 5 / 10 | 0.13 KM |
| Hutt Street, Hull, HU3 | £ 169,950 | BUY | Unknown | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 140 Spring Bank | £ 137,500 | 0.02 KM |
| 139 Spring Bank | £ 72,000 | 0.04 KM |
| 52 Peel Street | £ 175,000 | 0.12 KM |
| 46 Peel Street | £ 120,000 | 0.12 KM |
| 48 Peel Street | £ 110,000 | 0.12 KM |