2 Bed Terraced House, Refurb/BRRR, Hornsea, HU18 1JA, £155,000

217 Cliff Terrace, Hornsea, HU18 1JA - 2 months ago

Refurb/BRRR
ROI: 1%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£85K - £305K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£123,250

 

 

End Value (After Refurb)

£150,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£27,401

Bridging Loan Interest

£4,069

Total Cash In

£77,820

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,875

Mortgage (After Refinance)

£113,156

Mortgage LTV

75%

Cash Left In

£77,820

Equity

£37,719

Rent Range

£350 - £1,350

Rent Estimate

£681

Running Costs/mo

£628

Cashflow/mo

£53

Cashflow/yr

£640

ROI

1%

Gross Yield

5%

Local Sold Prices

43 sold prices from £85K to £305K, average is £159K. £1.1K/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£139.9K06/230.01 mi20, Cliff Terrace, Hornsea, East Riding Of Yorkshire HU18 1JA2
£265K08/230.18 mi3, Shaftesbury Avenue, Hornsea, East Riding Of Yorkshire HU18 1LX2
£240K04/210.18 mi14, Shaftesbury Avenue, Hornsea, East Riding Of Yorkshire HU18 1LX2
£159K02/210.18 mi8, Shaftesbury Avenue, Hornsea, East Riding Of Yorkshire HU18 1LX2
£145K01/210.19 mi72, St Nicholas Drive, Hornsea, East Riding Of Yorkshire HU18 1ER2
£169.9K11/200.2 mi2, Belgrave Drive, Hornsea, East Riding Of Yorkshire HU18 1LU2
£177K12/220.22 mi1, Bay View Avenue, Hornsea, East Riding Of Yorkshire HU18 1JL2
£290K12/200.23 mi7, St Nicholas Drive, Hornsea, Humberside HU18 1EW2
£179.9K03/230.25 mi1, Elvaston Avenue, Hornsea, East Riding Of Yorkshire HU18 1HA2
£145K07/210.26 mi38, Northgate, Hornsea, East Riding Of Yorkshire HU18 1ES2
£279.9K08/220.27 mi6, Chrystals Walk, Hornsea, East Riding Of Yorkshire HU18 1PL2
£161K02/230.28 mi26, Northgate, Hornsea, East Riding Of Yorkshire HU18 1ES2
£299.9K01/230.29 mi70, Eastgate, Hornsea, East Riding Of Yorkshire HU18 1LW2
£180K06/210.3 mi6, Chrystals Road, Hornsea, East Riding Of Yorkshire HU18 1PJ2
£265K01/230.32 mi4, Ambaston Road, Hornsea, East Riding Of Yorkshire HU18 1HB2
£167.5K10/200.38 mi23, Swan Court, Hornsea, East Riding Of Yorkshire HU18 1LF2
£195K10/210.38 mi59, New Road, Hornsea, East Riding Of Yorkshire HU18 1PH2
£140K04/230.38 mi45, New Road, Hornsea, East Riding Of Yorkshire HU18 1PH2
£115K06/210.38 mi45, New Road, Hornsea, East Riding Of Yorkshire HU18 1PH2
£85K04/230.39 mi74, Ashcourt Drive, Hornsea, East Riding Of Yorkshire HU18 1HF2
£154.9K10/210.4 mi7, Cliff Road, Hornsea, Humberside HU18 1LL2
£104.5K07/210.51 mi2, South Terrace, Hornsea, East Riding Of Yorkshire HU18 1QT2
£169.9K09/220.51 mi2, South Terrace, Hornsea, East Riding Of Yorkshire HU18 1QT2
£220K06/230.57 miOnyx, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB2
£180K08/230.57 miCranbrook, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB2
£135K10/200.57 miFenella, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB2
£118K06/210.57 miCranbrook, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB2
£110K11/200.57 miSouthend, Pasture Road, Hornsea, East Riding Of Yorkshire HU18 1QB2
£143K06/210.61 miCote Green, Graingers Road, Hornsea, East Riding Of Yorkshire HU18 1QE2
£91K10/200.65 mi13, Eastgate View, Hornsea, East Riding Of Yorkshire HU18 1DT2
£140K05/220.65 mi5, Mount Pleasant, Hornsea, East Riding Of Yorkshire HU18 1DX2
£120K09/220.66 mi14, Mount Pleasant, Hornsea, East Riding Of Yorkshire HU18 1DX2
£120K06/220.66 mi6, Southgate, Hornsea, East Riding Of Yorkshire HU18 1AQ2
£190K01/210.68 mi29, Tranmere Park, Hornsea, East Riding Of Yorkshire HU18 1QZ2
£145K10/210.68 mi31, Tranmere Park, Hornsea, East Riding Of Yorkshire HU18 1QZ2
£115K11/200.69 miDe-novo, Back Southgate, Hornsea, East Riding Of Yorkshire HU18 1BA2
£122K09/210.71 mi2, Mereside Terrace, Hornsea, East Riding Of Yorkshire HU18 1AZ2
£126.5K10/200.72 miLyndale, Hornsea Burton Road, Hornsea, East Riding Of Yorkshire HU18 1TQ2
£149.9K05/210.76 mi2, Beckside, Hornsea, East Riding Of Yorkshire HU18 1RT2
£185K09/210.83 miGrasmere, Southgate, Hornsea, East Riding Of Yorkshire HU18 1RE2
£305K10/220.85 miSheridan, Seaton Road, Hornsea, East Riding Of Yorkshire HU18 1BS2
£265K10/220.9 mi32, Cheyne Walk, Hornsea, East Riding Of Yorkshire HU18 1BX2
£187.5K01/231 mi2, The Greenway, Hornsea, East Riding Of Yorkshire HU18 1SL2

Local Rents

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

RentDateDistanceAddressBeds 
£79504/240.01 miCliff Terrace, Hornsea4
£77503/250.31 mi-3
£47504/240.4 miNew Road, Hornsea, HU181
£47505/240.4 mi-1
£47503/250.4 mi-1
£67505/240.44 miRailway Street, Hornsea2
£79506/230.45 mi-3
£85008/240.45 mi-3
£69504/240.47 miBroadway, Hornsea1
£57504/240.48 miBroadway, Hornsea1
£1,35005/240.54 mi-2
£1,35008/240.54 mi-2
£37004/240.63 miNewbegin, Hornsea, HU181
£37004/240.63 mi-1
£42003/240.63 mi-1
£50002/250.63 mi-1
£37005/240.63 mi-1
£35003/250.63 mi-1
£37012/240.63 mi-1
£45003/250.63 mi-1
£70004/240.65 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£70005/240.65 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£87504/240.66 miStrickland Drive, Hornsea3
£80004/240.75 miBeckside, Hornsea2
£75001/251.16 mi-3
£69504/241.18 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£85002/251.29 mi-2
£87504/241.39 miStrickland Drive, Hornsea3

Local Area Statistics

Population in HU18

8,603

Town centre distance

1.30 miles away

Nearest school

0.50 miles away

Nearest train station

10.88 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £155,000

February 14, 2025

Floor Plans

Description

  • END TERRACE +
  • CLOSE TO BEACH +
  • 2 BEDROOMS +
  • SOUTH FACING GARDEN +
  • NO CHAIN +
  • GENEROUS LOUNGE +

* AVAILABLE WITH NO CHAIN *

If you are looking for a property with bags of potential, a south facing garden that is close to the beach then look no further than this lovely 2 bedroom end terrace property. In need of some modernisation but with a great base to work from this could make a stunning bolt hole by the sea!

The property offers: entrance hall, lounge, kitchen diner, and rear porch to the ground floor with 2 bedrooms and bathroom to the first floor. Externally there are good size gardens to the front and rear.

Call Our House Estate Agents to book a viewing now!

EPC - D
Council Tax - A
Tenure - Freehold

Front Garden - Layed with lawn and side access to rear garden.

Entrance Hall - Entrance hall, Staircase to first floor, Radiator and cupboard with meters.

Lounge - 3.97 x 4.21 (13'0" x 13'9") - Front window, Electric fireplace, Coving to ceiling, Picture dado rail, Radiator, u/s cupboard with a boiler (ideal) and carpeted.

Kitchen/Diner - 4.99 x 2.50 (16'4" x 8'2") - Rear window, Doors to rear garden, Fitted wall & basin units, Work surfaces, Gas hob, Elec oven, Extractor fan, Space and plumbing for washing machine, Door to garden, Radiator.

Rear Porch - Windows to side and rear of property, Vinyl flooring and space for washing machine or dryer.

First Floor Landing - Window to side of peoperty and radiator.

Bedroom 1 - 4.00 x 3.17 (13'1" x 10'4") - Front facing window, Built in wardrobes, Picture dado rail, Built in wardrobes and dresser and radiator.

Bedroom 2 - 2.69 x 2.56 (8'9" x 8'4") - Rear window, Built in wardrobes, Picture dado rail and radiator.

Bathroom - 2.17 x 1.65 (7'1" x 5'4") - Rear window, W.C, Pedestal wash hand basin, Step in shower, Vanity unit, Heated towel rail and fixed hand rail.

Rear Garden - Paved area with side access, Fenced boundaries, Planted border and rear vehicle access.

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 💪