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See how verdicts work2-bedroom flat · HU5 4BS
Listing removedReduced £5k (−4.5%) on 7 FebListed 467 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A lovely two bedroom ground floor apartment off Park Avenue, offer with no forward chain.
This property is located in one of the most desirable residential areas of Hull yet close to local amenities and with easy access to the city centre.
The property is located within a short distance of Chanterlands Avenue, Princes and Newland Avenue and has regular public transport links nearby to Hull City Centre and Kingswood Retail Park.
This stylish two bedroom apartment, opening from private entrance hall into lounge, fitted kitchen, single bedroom, double bedroom and bathroom with over bath shower.
The property also benefits from gas central heating, double glazing and to the outside permitted parking area for residents.
Entrance Hallway Hardwood entrance door, two storage cupboards, alarm control panel, radiator, laminated flooring.
Kitchen 12'6" x 8'7" (3.8m x 2.62m) Hardwood dg window to the rear elevation, range of base and wall units with worktops, stainless steel sink with drainer, washing machine, integrated dishwasher, electric oven, gas hob and extractor fan, fridge with ice box, boiler, radiator, laminated flooring.
Lounge 18'7" x 11'2" (5.66m x 3.4m) Hardwood dg windows to the rear elevation, hardwood dg door leading to a pebbled area, door intercom, radiator, laminated flooring.
Main Bedroom 14'8" x 8'7" (4.47m x 2.62m) Hardwood dg window to the front elevation, radiator, laminated flooring.
Bedroom 2 9'7" x 7'1" (2.92m x 2.16m) Hardwood dg window to the front elevation, radiator, laminated flooring.
Bathroom WC, pedestal wash basin, bath with shower over, shower screen, wall mounted mirror, radiator, tiled effect flooring.
External Communal entrance door, parking space and pebbled courtyard area - access from Lounge.
Material Information Leasehold Ground Rent - £50.00 Per Annum (Payable on 1st April each year) Service Charge - £1041.59 Per Annum (Correct up until 24/03/2025) Lease Expiry Date - 29/05/3002 Council Tax Band - B
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 5, Madeira Court, Hull
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