2-bedroom flat · HU18 1PZ
Listing removedReduced £14.9k (−11.5%) on 21 JulListed 262 days
Opportunity summary
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About
A modern self contained two bedroomed first floor apartment offering well appointed accommodation located in a super position close to the town centre and sea front.
Located to the rear of this imposing building with an outlook towards the town this would make an ideal first time buy, retirement home, investment or a great lock up and leave home. No chain.
Location This apartment is located on the first floor of Broadway House which comprises a total of 22 apartments arranged over four floors and is served by an internal staircase.
Broadway House enjoys a super location just a stone's throw from the promenade and beach on The Broadway between Sands Lane and New Road.
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 refurbished in 2020 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 porcelain tiled floors throughout with underfloor electric heating controlled by a separate thermostat for each room, uPVC double glazing, LED downlighting, an audio visual intercom system linked to electrically operated security gates and is arranged as follows: Shared Entrance Hall With stairs leading to the first floor and private entrance hall to: Private Entrance Hall With inner hallway leading off incorporating a cupboard housing plumbing for an automatic washing machine and doorways to: Lounge/Kitchen (44.50m x 3.91m (146" x 12'10")) With dual aspect windows enjoying elevated town views, a good range of fitted base and wall units incorporating granite worksurfaces and a matching drainer with a stainless steel inset sink, built in oven and split level electric hob with extractor over, integrated fridge freezer and dishwasher, downlighting to the ceiling, pelmet lighting and feature lights to the kitchen, TV and telephone points.
This room enjoys plenty of natural light from the dual aspect windows providing a bright and airy feel.
Bedroom 1 (3.91m x 3.20m (12'10" x 10'6")) Bedroom 2 (2.64m deepening to 3.94m x 3.91m (8'8" deepening t) With views overlooking the green and town beyond. Bathroom/W.C.
(1.96m x 2.57m (6'5" x 8'5")) With a modern three piece suite comprising of a panelled bath with hand shower and rain shower above with shower screen, low level W.C., vanity unit housing the wash hand basin, downlighting to the ceiling, full height tiling to the walls and a built in cylinder cupboard.
Tenure The apartment is held on a 999 year ground lease from 15th September 2017 (991 years remaining) at a current ground rent of £100 per annum.
The building is managed by Garness Jones and we understand that the current maintenance and management charge for apartment 19 is £ tbc per month.
The lease includes suitable provisions for the maintenance of the main structure and cleaning of the common parts including windows and building insurance etc. Pets are not permitted at this property.
Council Tax Band The council tax band for this property is band B.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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FAQ
About Apartment 19, Broadway House, Broadway, Hornsea
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