2 Bed Flat, Single Let, Hornsea, HU18 1UA, £139,950

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

Leasehold
BTL
~70 m²
+7 photos

ValuationOvervalued

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

 

 

Square Metres

~69.50 m²
Price/m²£2K/m²

Value Estimate

£135,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£8,198

Total Cash In

£43,185

 

 

Cash Out

 

Rent Range

£350 - £1,350

Rent Estimate

£363

Running Costs/mo

£530

Cashflow/mo

£-167

Cashflow/yr

£-2,003

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
£115K07/220.63 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
£105K01/231.12 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 
£85002/250.28 mi-2
£69504/240.3 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£80004/240.3 miBeckside, Hornsea2
£75001/250.37 mi-3
£87504/240.38 miStrickland Drive, Hornsea3
£87504/240.46 miStrickland Drive, Hornsea3
£37004/240.47 miNewbegin, Hornsea, HU181
£37004/240.47 mi-1
£42003/240.47 mi-1
£50002/250.47 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
£1,35005/240.6 mi-2
£1,35008/240.6 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

0.68 miles away

Nearest school

0.30 miles away

Nearest train station

10.46 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £139,950

December 26, 2024

Floor Plans

Description

  • Immaculate first floor apartment +
  • Private entrance +
  • Open plan living, dining and kitchen +
  • Two good sized bedrooms +
  • Shower room +
  • Allocated parking +
  • Viewing highly recommended +

*NEWLY RENOVATED TO AN EXCELLENT STANDARD* Positioned in a highly convenient location, with it's own private entrance and parking, residents have easy access to town and seafront, public transport, and local attractions. The interior spaces have been crafted with a keen eye for modern aesthetics. Quality materials and finishes create a sleek and cohesive design throughout, elevating the overall ambiance of the apartment. The heart of this apartment is its open-plan living area, seamlessly integrating the kitchen, dining, and living spaces. This design not only enhances the sense of space but also promotes a fluid and social lifestyle, perfect for both daily living and entertaining. Every detail of this apartment reflects a commitment to excellence. From the flooring to the fixtures, the entire space has been meticulously refurbished, providing a modern canvas that is both stylish and functional. * NO CHAN INVOLVED*
Call us now to book your viewing on .
EPC Rating - D, Council Tax band - A, Tenure - Leasehold.

Entrance Hall - Entrance to side with double glazed door leading to the first floor flat. Built in cupboard and storage heater.

Open Plan Kitchen/Diner/Lounge - 7.41 x 4.31 (24'3" x 14'1") - A well proportioned room with kitchen area containing:- window to rear, base units with work surfaces over and splash backs, larder unit, 1 1/2 bowl sink unit with mixer tap, electric hob with extractor over and electric cooker point. Space for washing machine and tall fridge freezer, appliances to be included in the sale and tiled floor. There is space for dining and in the lounge area there is a window to the front, carpet and storage heater.

Bedroom 1 - 3.62 x 2.61 (11'10" x 8'6") - Window to rear, television point, carpet and storage heater.

Bedroom 2 - 3.28 x 2.68 (10'9" x 8'9") - Window to rear, carpet, television point and storage heater.

Shower Room - 2.61 x 2.42 (8'6" x 7'11") - Newly fitted bathroom suite comprising:- large step in shower cubicle, vanity unit housing the wash hand basin and low level wc. Extractor fan, tiled walls and floor plus ladder style towel heater.

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 apartment 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 💪