Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work5-bedroom terraced house · YO15 3BL
No longer listedReduced £10k (−9.1%) on 18 SepListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Roll your sleeves up, bring your imagination and get ready to finish what has already been started!
If you're looking for a beautifully finished home where all you need to do is unpack the kettle, this probably isn't the one for you.
But if you're a cash buyer searching for a substantial property where a huge amount of the messy renovation work has already been tackled, 4 Nelson Street could be a very exciting opportunity.
Set over three storeys and right in the heart of Bridlington, this substantial period property offers two reception rooms, five potential bedrooms, two proposed bathrooms and a rear garden, with plenty of flexibility for its next owner to decide exactly what it becomes.
The current owner has undertaken a major programme of renovation, stripping the property back and starting again.
Walls and ceilings have been removed and replaced, the property has been completely rewired with a new consumer unit/rcd board, new plumbing and heating pipework has been installed for radiators across the first and second floors, fire doors and casings have been fitted, the roof has undergone repair works and approximately 250mm of insulation has been installed within the loft.
The ground floor has also been rewired with new consumer unit fitted to hallway.
This was deliberately planned by the current owner to retain flexibility should a future owner wish to investigate splitting the accommodation, although no consent for subdivision is implied and any alternative use or conversion would be entirely subject to the necessary permissions and approvals.
And now comes the bit where the next owner takes over. On the ground floor are two reception rooms, followed by the proposed kitchen to the rear.
There's no kitchen fitted at present, but the first-fix plumbing and electrics are already there ready for the next owner to choose their own layout and finish.
Also to the rear is provision for a ground-floor shower room and WC.
Again, the first-fix services have been started, but the room itself requires completing, including the dividing wall and installation of sanitary ware.
Head upstairs and you'll start to see just how much accommodation this property offers.
The first floor has two bedrooms, WC and a bathroom, with the bathroom installation requiring completion and connection.
Continue up to the second floor and you'll find three further bedrooms and WC, giving the property five potential bedrooms in total.
There are also some original period details remaining, including fireplaces, adding a little character amongst all that new plaster and first-fix work.
Outside, there's a rear garden/yard with a small outbuilding and a former aviary which has certainly seen better days and will require removal or some serious attention!
There is pedestrian access to the rear, with a right of way benefiting the neighbouring shop. So, what could 4 Nelson Street become?
For one buyer, this could be a fantastic five-bedroom family home finished exactly as they want it. For another, the size and layout could make it an interesting investment project.
Buyers may also wish to investigate the potential for an HMO, conversion into separate accommodation or another configuration, but any such use would be subject to all necessary planning permission, licensing, Building Regulations and other statutory consents.
What I particularly like about this one is that you're not starting at the beginning.
A considerable amount of the stripping out, rewiring, plumbing, plastering and infrastructure work has already been undertaken.
There's still plenty to do - this is absolutely a renovation project - but now somebody gets to take it through that final stage and decide what the finished property looks like.
4 Nelson Street is offered for sale by Modern Method of Auction with a Starting Bid of £110,000.
Due to the property currently having no fitted or connected kitchen and no completed bathroom facilities, this property is being marketed to cash buyers only If you've got the vision - and you're ready to give this renovation its final push - i'd love to show you around.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Agent Notes The property is situated within a conservation area.
Buyers considering alterations, conversion, HMO use or subdivision should make their own enquiries with the local authority regarding any planning, licensing, Building Regulations and conservation area requirements.
Services: The property is understood to be connected to mains gas, electricity, water and drainage. The gas and electricity supplies are currently switched off and have not been tested.
Buyers should satisfy themselves as to the condition and availability of all services and make their own arrangements with the relevant utility providers following purchase.
Broadband and mobile coverage should be checked with the relevant providers. We have not tested any services, systems or appliances.
Measurements: All measurements are approximate and provided for guidance only. Floor plans are included to give an indication of layout and are not to scale.
Information: Information provided has been supplied by the seller and may be subject to change. Buyers should ensure all details are verified by their solicitor during the conveyancing process.
Disclaimer: These particulars are produced in good faith and are intended as a general guide only. They do not constitute any part of an offer or contract.
Any intending purchaser should satisfy themselves by inspection or otherwise as to the accuracy of the information provided before making a bid.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
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FAQ
About 4, Nelson Street, Bridlington
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