2 Bed Flat, Single Let, Hornsea, HU18 1UA, £159,950

Marlborough Avenue, Hornsea, HU18 1UA - 3 months ago

Leasehold
BTL
~68 m²
+6 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£138,750

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£9,198

Total Cash In

£49,185

 

 

Cash Out

 

Rent Range

£350 - £1,350

Rent Estimate

£363

Running Costs/mo

£592

Cashflow/mo

£-229

Cashflow/yr

£-2,753

Gross Yield

3%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£135K06/220.45 mi8, Mascotte Gardens, Hornsea, East Riding Of Yorkshire HU18 1RS2
£115K07/220.64 miApartment 12, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£150K12/220.64 miApartment 11, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£129.9K05/230.67 miApartment 15, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£127.5K11/200.68 miApartment 14, Broadway House, Broadway, Hornsea, East Riding Of Yorkshire HU18 1PZ2
£105K01/231.13 mi6, Acklam Drive, Hornsea, East Riding Of Yorkshire HU18 1HJ2

Local Rents

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

RentDateDistanceAddressBeds 
£85001/250.28 mi-2
£69504/240.3 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£80004/240.3 miBeckside, Hornsea2
£87504/240.37 miStrickland Drive, Hornsea3
£75001/250.38 mi-3
£87504/240.46 miStrickland Drive, Hornsea3
£37004/240.47 miNewbegin, Hornsea, HU181
£37004/240.47 mi-1
£42003/240.47 mi-1
£50003/250.47 mi-1
£37005/240.47 mi-1
£35003/250.47 mi-1
£37012/240.47 mi-1
£45003/250.47 mi-1
£70004/240.54 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£70005/240.54 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£1,35005/240.61 mi-2
£1,35008/240.61 mi-2
£47505/240.66 mi-1
£47503/250.66 mi-1
£47504/240.66 miNew Road, Hornsea, HU181
£67505/240.66 miRailway Street, Hornsea2
£69504/240.68 miBroadway, Hornsea1
£57504/240.68 miBroadway, Hornsea1
£77503/251.01 mi-3
£79504/241.03 miCliff Terrace, Hornsea4
£79506/231.11 mi-3
£85008/241.11 mi-3

Local Area Statistics

Population in HU18

8,603

Town centre distance

0.67 miles away

Nearest school

0.30 miles away

Nearest train station

10.45 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £159,950

December 26, 2024

Floor Plans

Description

  • Brand new conversion +
  • Ground floor accommodation +
  • Beautifully presented +
  • Open plan living area +
  • Two bedrooms +
  • Attractive bathroom +
  • Ample parking +
  • Viewing essential +

Nestled on Marlborough Avenue in the charming coastal town of Hornsea, this beautifully appointed brand new apartment offers a delightful living experience. With two well-proportioned bedrooms, this property is perfect for individuals or small families seeking a modern and comfortable home.
The apartment features a spacious reception room, ideal for relaxation or entertaining guests. The contemporary design and high-quality finishes throughout create an inviting atmosphere that is both stylish and functional. The well-equipped bathroom ensures convenience and comfort for all residents. One of the standout features of this property is the ample parking available, a rare find in many urban settings. This added convenience allows for easy access and peace of mind for those with multiple cars or visitors. Situated in Hornsea, residents can enjoy the benefits of coastal living, with beautiful beaches and local amenities just a short distance away. This apartment is not only a home but a gateway to a vibrant community and a relaxed lifestyle.
In summary, this brand new apartment on Marlborough Avenue is an excellent opportunity for anyone looking to embrace modern living in a picturesque location. With its thoughtful design, ample parking, and proximity to the coast, it is sure to attract interest from discerning buyers. Call now to book to see it with Lisa, Claire or Donna on .
Current Energy Rating - E, Council Tax Band - A, Tenure - Leasehold.

Hallway - 5.69 x 0.98 (18'8" x 3'2") - UPVC door to hallway with downlights and electric radiator.

Open Plan Kitchen Dining Area - 5.50 x 2.97 (18'0" x 9'8") - Multipurpose room. Kitchen diner area with a range of matching wall and base units with complementary worktops over and 1 1/2 bowl sink and drainer unit, electric oven and hob with extractor over, integrated appliances including dishwasher, washer, undercounter fridge and freezer, part tiled walls and tiled flooring plus electric radiator.

Lounge Area - 3.62 x 2.80 (11'10" x 9'2") - Window to front, lounge area with carpet and downlights plus electric radiator.

Bedroom 1 - 3.19 x 3.13 (10'5" x 10'3") - Window to side, built in cupboard with the water heater, carpet and downlights.

Bedroom 2 - 3.52 x 2.09 (11'6" x 6'10") - Window to side, carpet, downlights and electric radiator.

Bathroom - 2.19 x 1.98 (7'2" x 6'5") - Beautifully appointed bathroom with panelled bath and shower over with glass panel, vanity unit with wash hand basin plus low level wc. Tiled walls and flooring.

Outside - Large gravelled driveway to the left with ample parking and access to the front door.

Tenure Clarification - LEASEHOLD DETAIL
How does the leasehold work?
The leaseholder will be a company set up by the existing owner of the building (eg Marlborough Properties Hornsea LTD).
The company will hold 2 shares, the owner of each apartment will be allocated 1 share, giving each apartment owner equal shares in the company. This will be carried out via each parties solicitors at point of purchase.
As part of the leasehold arrangement, individual apartment responsibilities for ongoing maintenance will be detailed within, as follows:
•The 2 apartments with will be equally responsible for the upkeep of the parking areas.
•The ground floor apartment will be responsible for the roof areas at each end of the building, specific to that apartment.
•Responsibility for the remaining fabric of the building and roof will be shared equally between both apartments.
Each apartment will come with a 999 year lease term.
For any further information please call the office.

About Us - Now well established, our sales team at HPS Estate Agents are passionate about property and are dedicated to bringing you the best customer service we can.
Successfully selling both residential and commercial property locally, our job isn't done until you close the door on your new home. Why not give us a call and try for yourselves - you have nothing to lose and everything to gain.

Disclaimer - Laser Tape Clause - Laser Tape Clause
All measurements have been taken using a laser tape measure and therefore, may be subject to a small margin of error.

Disclaimer - These particulars are produced in good faith, are set out as a general guide only and do not constitute, nor constitute any part of an offer or a contract. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. Any intending purchaser should satisfy him/herself by inspection of the property or otherwise as to the correctness of each of the statements prior to making an offer. No person in the employment of HPS Estate Agents has any authority to make or give any representation or warranty whatsoever in relation to this property.

Valuations - If you are thinking about selling your home our valuer would be delighted to meet to discuss your needs and we are currently offering an unbeatable sales package. Call now for your FREE market appraisal.

Amenities - Hornsea has a lovely community feel and you will be made very welcome here. Whatever your interests there are like minded people and a club for everything from Ceilidhs, fishing, crafting and more. This property is close to sea, mere and town centre placing you in a perfect position to get to all of Hornsea's amenities in a short time.

Agent Details

HPS, Hornsea

01964 775828

Next Steps?

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