2 Bed Flat, Single Let, Hornsea, HU18 1HU, £117,500

77 Cliff Road, Hornsea, HU18 1HU - 10 months ago

Leasehold
BTL
66 m²
+6 photos

ValuationOvervalued

Sold Prices£105K - £150K
Sold Prices/m²£1.3K/m² - £1.3K/m²

 

 

Square Metres

66 m²
Price/m²£1.8K/m²

Value Estimate

£112,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,375

Stamp Duty & Legal Fees

£7,075

Total Cash In

£36,450

 

 

Cash Out

 

Rent Range

£350 - £1,350

Rent Estimate

£370

Running Costs/mo

£461

Cashflow/mo

£-91

Cashflow/yr

£-1,094

Gross Yield

4%

Local Sold Prices

6 sold prices from £105K to £150K, average is £128.7K.

PriceDateDistanceAddressBeds 
£105K01/230.1 mi6, Acklam Drive, Hornsea, East Riding Of Yorkshire HU18 1HJ2
£127.5K11/200.48 miApartment 14, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£129.9K05/230.49 miApartment 15, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£150K12/220.49 miApartment 11, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£115K07/220.5 miApartment 12, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£135K06/220.61 mi8, Mascotte Gardens, Hornsea, East Riding Of Yorkshire HU18 1RS2

Local Rents

28 rents from £350/mo to £1.4K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£79504/240.03 miCliff Terrace, Hornsea4
£77503/250.28 mi-3
£47505/240.39 mi-1
£47503/250.39 mi-1
£47504/240.39 miNew Road, Hornsea, HU181
£79506/230.42 mi-3
£85008/240.42 mi-3
£67505/240.44 miRailway Street, Hornsea2
£69504/240.48 miBroadway, Hornsea1
£57504/240.48 miBroadway, Hornsea1
£1,35005/240.54 mi-2
£1,35008/240.54 mi-2
£37004/240.61 miNewbegin, Hornsea, HU181
£37004/240.61 mi-1
£42003/240.61 mi-1
£50002/250.61 mi-1
£37005/240.61 mi-1
£35003/250.61 mi-1
£37012/240.61 mi-1
£45003/250.61 mi-1
£70004/240.62 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£70005/240.62 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£87504/240.64 miStrickland Drive, Hornsea3
£80004/240.74 miBeckside, Hornsea2
£75001/251.16 mi-3
£69504/241.18 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£85002/251.28 mi-2
£87504/241.37 miStrickland Drive, Hornsea3

Local Area Statistics

Population in HU18

8,603

Town centre distance

1.28 miles away

Nearest school

0.40 miles away

Nearest train station

10.85 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £117,500

October 31, 2024

Listed for £125,000

May 17, 2024

Floor Plans

Description

  • 2 Bedrooms +
  • Front and rear gardens +
  • High ceilings +
  • Ground floor +

RARELY AVAILABLE GROUND FLOOR FLAT WITH PRIVATE GARDEN!!

Offered for sale is this recently updated ground floor, two bedroom flat with all the period charm of high ceilings and spacious rooms. Sold with vacant possession.

The floorplan briefly comprises; entrance hall leading to living room, kitchen, two double bedrooms, bathroom and separate W.C. Externally to the rear, there is a private garden.

The property is situated in a well established residential area, close to the seafront and all local amenities.

Call Our House to view now!

EPC: D
Council Tax: A
Tenure: Leasehold, 966 years remaining available with share of freehold.
Ground Rent - £10 per year

Front Garden - Gravelled, walled and hedged boundaries.

Shared Entrance Hall - Entrance door, doors leading to each flat.

Lounge - 4.8 x 3.93 (15'8" x 12'10") - Bay window to front of property, fireplace with electric fire, cornicing to ceiling, dado rail, radiator, carpeted.

Kitchen - 3.88 x 3.61 (12'8" x 11'10") - Bay window to side of property, fitted wall and base units, work surfaces, bowl sink and single drainer, built in electric oven and hob, part tiled walls, extractor fan, radiator, vinyl flooring, space for fridge and freezer.

Bedroom 1 - 3.72 x 3.27 (12'2" x 10'8") - Window to rear of property, cornicing to ceiling, radiator, carpeted.

Bedroom 2 - 3.24 x 3.14 (10'7" x 10'3") - Windows to rear and side of property, radiator, carpeted.

Bathroom - 1.77 x 1.68 (5'9" x 5'6") - Pedestal wash hand basin, panelled bath (with shower over), heated towel rail, extractor fan, vinyl floor.

Separate W.C - W.C, Vinyl Flooring.

Rear Hallway - Window to side of property, door leading to rear garden.

Rear Garden - Mainly laid to lawn, fenced boundaries and decked area to side of property.

Agent Details

Our House Estate Agents, Hornsea

01964 775308

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪