4 bed property for sale

Horsforth Avenue, Bridlington, East Yorkshire YO15

A freehold property comprising two self-contained flats: A one-bedroom ground floor flat with parking and courtyard garden, and a three-bedroom maisonette above. Both benefit from separate utilities and council tax, with scope for modernisation and strong rental income potential.

A freehold property comprising two self-contained flats, ideal for buy-to-let investors or those seeking a home with supplementary income.

Headline figures

Guide price: £139,995

Indicative purchase scenarios (gross yield, assuming market rents and light refurb to upper flat):

At £135,000: £650 pcm (gf) + £750 pcm (ff) = £1,400 pcm / £16,800 pa approx. 12.4% gross yield.
At £139,000: £1,400 pcm / £16,800 pa approx. 12.1% gross yield.
At £139,995: £1,400 pcm / £16,800 pa approx. 12.0% gross yield.
Note: If acquired with the ground floor at its current £400 pcm, combined income would be £1,150 pcm / £13,800 pa, equating to approx. 10.2% at £135,000 and approx. 9.9% at £139,995, with upside on review to market rent.

Property details

Ground floor flat: One-bedroom with gas central heating, uPVC double glazing, small rear courtyard garden, and one off-street parking space. Currently let at £400 pcm, offering immediate income. Market rent anticipated around £650 pcm subject to tenancy review and any required compliance.
Upper flat: Arranged over two further floors with three bedrooms, kitchen/diner, and a well-proportioned living room. Currently vacant and would benefit from modest modernisation. Anticipated rent circa £750 pcm once refreshed.
Services and tenure: Both flats have separate utilities and council tax. Freehold.
External: Additional courtyard area which, subject to planning consent, may accommodate an extra parking space for the upper flat.
Size: Over 1,600 sq ft in total.
Investment notes

Scope to add value through targeted refurbishment of the upper flat and by aligning the ground-floor rent to current market levels.
Strong rental demand indicators locally support the projected rents stated above (agent’s opinion).

Compliance disclaimer

Buyers should verify licensing, planning, and any selective/additional HMO requirements, along with EPCs, gas and electrical safety, and lender criteria if mortgaged.