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See how verdicts work1-bedroom flat · YO15 3AU
Sold STCListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION A second floor apartment offering an excellent opportunity for renovation and improvement, ideally positioned just a stone's throw from the town centre and harbour.
The accommodation comprises a lounge, kitchen, one bedroom and bathroom, with the property being offered for sale with no onward chain.
A further benefit is the inclusion of comuunal gardens, a gravelled clothes drying area and a garage accessed via Nelson Street, making this an appealing option for those looking for a centrally located home or investment opportunity.
Ferndale Terrace runs directly from South Cliff Road, just to the north side of Bridlington Harbour, placing the property within easy reach of both the town centre and the wealth of amenities on offer.
The harbour is less than 150 metres away, with a good selection of cafés, restaurants and public houses nearby, including Salt on the Harbour.
The Spa, cinema, bowling and leisure facilities are also within easy reach, while the railway and bus stations provide convenient transport links.
Bridlington is a popular coastal town renowned for its sandy beaches, historic harbour and traditional seaside atmosphere.
The Old Town offers a selection of independent shops, cafés and historic buildings, whilst the seafront provides the familiar attractions of a traditional seaside resort.
Further afield, Sewerby Hall and Gardens and the dramatic coastline of Flamborough Head are both close by, making Bridlington an appealing location for both permanent residents and those seeking a coastal retreat.
COMMUNAL ENTRANCE The property is accessed via a communal entrance serving six apartments, with an intercom entry system providing added security and convenience.
A door leads to the rear graveled area for clothes drying and the garage whilst a staircase leads to the second floor.
ENTRANCE HALL 12' 3" x 2' 9" (3.73m x 0.84m) The private entrance hall benefits from a radiator and smoke alarm, with doors to all rooms.
LOUNGE 17' 3" x 12' 3" (5.26m x 3.73m) The lounge benefits from two radiators, two windows to the front elevation providing natural light, and a telephone intercom system.
KITCHEN 9' 5" x 6' 8" (2.87m x 2.03m) The kitchen is in need of modernisation and features a range of wall and base units with work surfaces over, incorporating a breakfast bar and stainless steel sink with taps.
There is a wall-mounted gas central heating boiler, along with space for a washing machine and fridge.
A window to the side elevation provides natural light and a breakfast bar providing casual dining.
BEDROOM 12' 9" x 9' 4" (3.89m x 2.84m) The bedroom benefits from a window to the rear elevation and a radiator.
BATHROOM 9' 5" x 5' 4" (2.87m x 1.63m) The bathroom is fitted with a white suite comprising a pedestal wash hand basin, P-shaped panel bath with shower over and low-level WC.
Tiled walls and vinyl flooring complete the room. CENTRAL HEATING Gas fired central heating to radiators. The boiler also provides domestic hot water. DOUBLE GLAZING UPVC double glazing throughout.
GARAGE A single garage, located off Nelson Street and being the middle garage within a block of three offers an up and over door.
OUTSIDE There are communal gardens for all residents to use along with a graveled area with clothes lines. The area is gated from both Ferndale Terrace and Nelson Street.
TENURE We understand the property is freehold, however the freeholders instruct RPMS to manage the block and are currently paying £450 per annum paid in two parts.
SERVICES All mains services connected. COUNCIL TAX BAND - A ENERGY PERFORMANCE CERTIFICATE - RATED D NOTE Heating systems and other services have not been checked.
All measurements are provided for guidance only. None of the statements contained in these particulars as to this property are to be relied upon as statements or representations of fact.
In the event of a property being extended or altered from its original form, buyers must satisfy themselves that any planning regulation was adhered to as this information is seldom available to the agent.
Floor plans are for illustrative purposes only. VIEWING Strictly by appointment with Ullyotts - Option 1. Regulated by RICS
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Ferndale Terrace, Bridlington
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