1-bedroom flat · YO25 6AW
For saleListed 197 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brought to the market with no onward chain, Flat 4, The Old Falcon is a one double bedroom flat. Move in ready, it is deceptively spacious throughout and provides a warm and comfortable home.
The town centre location makes this the perfect home for a first time buyer looking to get on the property ladder or someone wanting to invest. Viewings are essential!
The property briefly comprises:- communal entrance, entrance to the flat into an open plan living/dining area, double bedroom, first floor landing with kitchen, bathroom and additional storage room.
There is on street parking.
LOCATION Driffield offers an outstanding array of amenities, including shops, restaurants, public houses, quality sports facilities dedicated to Rugby, Golf, Football, Bowls, Cricket and many others, as well as a very highly regarded Secondary School.
It also provides excellent road and public transport connections to Hull, Beverley, Bridlington and Scarborough.
THE ACCOMMODATION COMPRISES:- ENTRANCE HALL/COMMUNAL SPACE Entrance door which takes you to communal stairs leading up to the five separate flats.
ENTRANCE INTO: LOUNGE/DINING AREA- 17'7 (5.38m) x 13'9 (4.20m) Bay window to the front aspect, inset spotlights, stairs leading to the first floor landing, electric log burning stove, fitted carpets, radiator, TV point and power points.
BEDROOM ONE- 10'10 (3.31m) x 8'7 (2.63m) Window to the front aspect, built in wardrobe, fitted carpets, radiator and power points.
FIRST FLOOR LANDING- 4'6 (1.39m) x 4'5 (1.37m) Fitted carpet and power point. There is also access to the loft.
KITCHEN- 12'2 (3.73m) x 8'7 (2.62m) Inset spotlights, wall mounted gas boiler, tiled splash back, a range of wall and base units with breakfast bar, sink with drainer unit, plumbing for washing machine, space for additional white goods, electric oven, electric hob, vinyl flooring, radiator and power points.
STORAGE SPACE- 12'6 (3.82m) x 13'0 (3.98m) Fitted carpets.
BATHROOM- 11'10 (3.62m) x 7'9 (2.36m) Inset spotlights, partially tiled walls, four piece bathroom suite comprising:- low flush WC, sink with pedestal, panelled bath, shower cubicle, vinyl flooring, radiator and extractor fan.
PARKING There is no allocated parking spaces available. On street parking. SERVICE CHARGE The service charge is approximately £60 per month and includes buildings insurance.
GROUND RENT The ground rent is approximately £25 per annum. AGENTS NOTES Ground rent and service charge is an approximate. To get more information, please contact a solicitor.
SERVICES Understood to all be connected to mains. TENURE The property is leasehold and the lease is 90 years starting from February 1994.
All leasehold information should be confirmed with a legal advisor. COUNCIL TAX BAND Council Tax is payable to the East Riding of Yorkshire Council.
The property is shown on the Council Tax Property Bandings List in Valuation Band 'A'. EPC This property's energy rating is D. VIEWING Strictly by appointment with the sole agents.
FREE VALUATION If you are looking to sell your own property, we will be very happy to provide you with a free, no obligation market appraisal and valuation.
We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
ANTI-MONEY LAUNDERING (AML) REGULATIONS In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, we are required to carry out identity checks on all purchasers.
A charge of £25 + VAT per person will be payable by the purchaser to cover the cost of these checks. This fee is non-refundable and is payable upon acceptance of an offer.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About The Old Falcon, Driffield, YO25 6AW
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