5 Bed Detached House, Refurb/BRRR, Hornsea, HU18 1HE, £299,950

36 Ashcourt Drive, Hornsea, East Riding of Yorkshire, HU18 1HE - 21 days ago

Refurb/BRRR
~178 m²
+16 photos

ValuationOvervalued

Sold Prices£168K - £400K
Sold Prices/m²£966/m² - £2.9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.7K/m²

Value Estimate

£284,442

 

 

End Value (After Refurb)

£402,652

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£21,195

Refurb Costs

£71,723

Bridging Loan Interest

£7,874

Total Cash In

£177,529

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£402,652

Mortgage (After Refinance)

£301,989

Mortgage LTV

75%

Cash Released

£77,027

Cash Left In

£100,502

Equity

£100,663

Rent Range

£350 - £1,350

Rent Estimate

£669

Running Costs/mo

£1,412

Cashflow/mo

£-743

Cashflow/yr

£-8,917

Gross Yield

3%

Local Sold Prices

17 sold prices from £168K to £400K, average is £295K. £966/m² to £2.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£310K10/210.04 mi36, Ashcourt Drive, Hornsea, East Riding Of Yorkshire HU18 1HE5
£355K09/220.05 mi24, Ashcourt Drive, Hornsea, East Riding Of Yorkshire HU18 1HE5
£305K06/210.08 mi16, Draycott Avenue, Hornsea, East Riding Of Yorkshire HU18 1HH5
£220K11/220.31 mi91, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1HU5
£400K10/220.34 miGrasmere, Spring Bank Avenue, Hornsea, East Riding Of Yorkshire HU18 1ED5
£215K07/230.37 mi17, Esplanade, Hornsea, East Riding Of Yorkshire HU18 1NQ5
£360K02/210.39 mi10a, Cliff Road, Hornsea, East Riding Of Yorkshire HU18 1LL5
£298K03/210.4 mi14, Farrants Way, Hornsea, East Riding Of Yorkshire HU18 1DG5
£272K10/210.44 mi9, New Road, Hornsea, East Riding Of Yorkshire HU18 1PG5
£168K12/200.45 mi6, Victoria Avenue, Hornsea, East Riding Of Yorkshire HU18 1NH5
£322.5K03/210.46 mi63, Cheyne Garth, Hornsea, East Riding Of Yorkshire HU18 1BF5
£256.1K03/210.5 mi36, Burton Road, Hornsea, East Riding Of Yorkshire HU18 1QY5
£256.1K03/210.5 mi36, Burton Road, Hornsea, East Riding Of Yorkshire HU18 1QY5
£182.5K02/210.51 mi9, Eastbourne Road, Hornsea, East Riding Of Yorkshire HU18 1QS5
£227.5K07/210.51 mi3, Eastbourne Road, Hornsea, East Riding Of Yorkshire HU18 1QS5
£295K07/230.84 mi1, Rise Terrace, Hornsea, East Riding Of Yorkshire HU18 1RQ5
£295K07/230.84 mi1, Rise Terrace, Hornsea, East Riding Of Yorkshire HU18 1RQ5

Local Rents

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

RentDateDistanceAddressBeds 
£77504/250.12 mi-3
£79506/230.23 mi-3
£85008/240.23 mi-3
£79504/240.36 miCliff Terrace, Hornsea4
£70004/240.39 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£70005/240.39 miMarket Place, Hornsea, East Riding Of Yorkshire, HU182
£37004/240.42 mi-1
£42003/240.42 mi-1
£50002/250.42 mi-1
£37005/240.42 mi-1
£35003/250.42 mi-1
£37012/240.42 mi-1
£45004/250.42 mi-1
£37004/240.42 miNewbegin, Hornsea, HU181
£47505/240.43 mi-1
£47503/250.43 mi-1
£47504/240.43 miNew Road, Hornsea, HU181
£87504/240.44 miStrickland Drive, Hornsea3
£67505/240.51 miRailway Street, Hornsea2
£69504/240.58 miBroadway, Hornsea1
£57504/240.59 miBroadway, Hornsea1
£1,35005/240.61 mi-2
£1,35008/240.61 mi-2
£80004/240.66 miBeckside, Hornsea2
£69504/241.11 miPickering Avenue, Hornsea, East Riding Of Yorkshire, HU182
£75001/251.13 mi-3
£85002/251.17 mi-2
£87504/241.19 miStrickland Drive, Hornsea3

Local Area Statistics

Population in HU18

8,603

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

10.53 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £299,950

March 25, 2025

Floor Plans

Description

  • Favoured Residential Location +
  • Extended Detached Home +
  • 19ft Conservatory +
  • Five Bedrooms +
  • En-suite to Ground Floor Bedroom +
  • Flexible Living Space +
  • In Need of Some TLC +
  • Parking Drive & Garage +
  • NO CHAIN +
  • Energy Rating - D +

Enjoying a favoured residential location this extended home whilst in need of some TLC offers spacious accommodation with a flexible layout and plenty of scope for improvement. NO CHAIN.

The accommodation features a large conservatory, kitchen, lounge, dining room, bedroom 5 with en-suite shower room and stairs lead to four bedrooms and a bathroom/ w.c. Gardens to the front and rear along with a single garage and driveway.

Location - This property fronts onto Ashcourt Drive within a favoured residential area which is well placed for access to most of the town's amenities. Ashcourt Drive leads off Eastgate between the secondary school and the doctor's surgery.

Hornsea is a small East Yorkshire coastal town which has a resident population of a little over 8,000. The town offers a good range of local amenities including a range of shops, bistros and restaurants, schooling for all ages and a host of recreational facilities including sailing and fishing on Hornsea Mere, as well as the beach and seaside amenities, a leisure centre and an 18 hole golf course. The town is also well known for the Hornsea Freeport, a large out of town retail shopping village and leisure park. The town lies within 18 miles drive of the city of Hull, 13 miles of the market town of Beverley and about 25 miles from the M62.

Accommodation - The accommodation has mains gas central heating via hot water radiators from a modern Combi boiler, UPVC double glazing and is arranged over two floors as follows:

Entrance Hall - 2.08m x 2.84m overall (6'10" x 9'4" overall) - With composite front entrance door and matching side panel, stairs leading off and one central heating radiator.

Lounge - 4.62m x 3.18m (15'2" x 10'5") - With an open square archway leading to the dining room, downlighting to the ceiling, wall light points and one central heating radiator.

Dining Room - 2.82m x 3.12m (9'3" x 10'3") - With double French doors leading to the conservatory, doorway to the kitchen, wall light point and one central heating radiator.

Conservatory - 5.79m x 3.43m (19' x 11'3") - (Measured to glass). With a brick base, double French doors leading out onto the rear garden and a recently recovered roof and one central heating radiator. There is also a door leading to the ground floor bedroom.

Kitchen - 2.59m x 3.28m (8'6" x 10'9") - With a good range of fitted base and wall units incorporating matching work surfaces with an inset stainless steel sink, tiled splashbacks, built in oven and ceramic hob with cooker hood over, plumbing for an automatic dishwasher, walk in pantry cupboard, ceramic tile flooring and a feature radiator.

Inner Hall - With personal door leading to the garage where there is a useful utility area and plumbing for an automatic washer.

Bedroom 5 (Or Seperate Dining Room) - 3.66m x 2.74m (12' x 9') - With ceiling cove, built in storage cupboard, one central heating radiator and doorway to:

En-Suite Shower Room - 0.79m x 2.95m (2'7" x 9'8") - With a shower cubicle, vanity unit housing the wash hand basin, low level W.C. mermaid boarding to the walls and a towel radiator (currently not in working order).

First Floor -

Landing Areas - With two built in storage cupboards, access hatch to the roof space and doorways to:

Bedroom 1 (Front) - 3.40m x 3.45m (11'2" x 11'4") - With tounge and groove wooden flooring, built in wardrobe with top storage cupboard and one central heating radiator.

Bedroom 2 - 2.51m x 4.93m (8'3" x 16'2") - With windows to both the front and rear and one central heating radiator.

Bedroom 3 (Rear) - 3.40m x 2.59m (11'2" x 8'6") - With a built in wardrobe with top storage cupboard and one central heating radiator.

Bedroom 4 (Front) - 3.30m x 2.11m (10'10" x 6'11") - With a built in cupboard which houses a modern Worcester Bosch gas Combi boiler and there is one central heating radiator.

Bathroom / W.C. - With a modern three piece white suite comprising of a panelled bath with a shower over and mermaid boarding, vanity unit housing the wash hand basin and concealed cistern / W.C., and a hot towel radiator.

Outside - The property incorporates a mainly lawned foregarden with a walled frontage, border and a double width parking drive leads to the integral garage (8'3" x 16'6") with a utility area and plumbing for an automatic washer, up and over roller main door, power and light laid on.

To the rear is a mature garden which has a lawn, well stocked borders, an ornamental pond and a large raised south facing decked sun terrace.

Council Tax - The property is in Band C for council tax purposes.

Tenure - The property is understood to be Freehold, confirmation will be provided by the vendors solicitor's.

Agent Details

Quick & Clarke, Hornsea

01964 775823

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