According to the public record, 1 Ferensway House, Hull is a period leasehold apartment with 1,119 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in Ferensway House, Prospect Street, Hull, HU2.
Prospect Street, Hull, HU2 is located within the HU2 postal district.
1 Ferensway House, Hull has a single entry in the Land Registry database from June 2009 and a single entry in the EPC database dated August 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Ferensway House Hull as £172,647 and the rental value as £664 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 1 Ferensway House Hull has decreased by £546 (0.3%) and its rental value has increased by £36 per month (5.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1 Ferensway House, Hull is in very good condition we estimate a sale value of £181,280 and rental value of £697 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £160,562 and a rental value of £617 per month.
If you were able to purchase this property for the estimated value of £172,647, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £849 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1 Ferensway House, Hull was last sold on 23 Jun 2009 for £149,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2009, the market for similar properties has risen 19.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Ferensway House, Hull within a radius of 540 metres over the last 2 years.
The most recent example is Flat 12, 6, Kingston Square, Hull, HU2 8GA, a Leasehold flat which sold for £150,000 in Jan 2023.
Read more about house prices in HU2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Prospect Street, Hull, HU2 has a total of 12 addresses. According to our analysis of all the public data, 1 Ferensway House, Hull is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £79k more expensive than the average property in HU2.
1 Ferensway House, Hull has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Aug 2019.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 1 Ferensway House, Hull is Hull station which is 400 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Ferensway House, Hull, 79.8% of property is privately rented and 13.7% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1 Ferensway House, Hull, 16.3% of residents are recorded as possessing school level qualifications and 47.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Ferensway House, Hull, the average age was 37.4 and the most common age was 27.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1 Ferensway House, Hull, 0.4% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1 Ferensway House, Hull, there are an average of 0.6 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.