2-bedroom flat · YO43 3AW
To rentListed 18 days
Opportunity summary
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About
This characterful and spacious two-bedroom apartment is ideally situated in the heart of the town, above a currently vacant commercial premises.
The accommodation is arranged over three floors and comprises an entrance hall, an open-plan lounge and kitchen on the first floor, two bedrooms on the second floor, and a bathroom.
The property is equipped with electric wall-mounted heaters with adjustable fan control. A deposit of £700 will be required. A holding deposit of £140 will be required to secure the property.
East Riding of Yorkshire Council - Council Tax Band A The Accommodation Comprises Entrance Staircase to accommodation. First Landing Night storage heater, fitted cupboard.
Open Plan Living Kitchen (5.09m x 5.81m) Lounge Area Night storage heater with air fan control, power points, laminate wood flooring, recessed ceiling lighting, TV aerial point, telephone point.
Fitted Kitchen Fitted wall and floor units incorporating "Stoves" stainless steel electric oven and hob with matching cooker hood over, work surfaces with matching marble effect splash back, stainless steel sink unit, power points.
Second Floor Accommodation Second Landing Power points, exposed beams.
Bedroom 1 (3.89m x 5.09m) Night storage heater, access to loft, power points, TV aerial point, airing cupboard housing hot water cylinder, recessed ceiling lighting.
Bedroom 2 (3.18m x 4.18m max) Night storage heater, access to eaves storage space, power points, TV aerial point, exposed beams, recessed ceiling lighting.
Bathroom White suite comprising panelled bath, pedestal hand basin, low flush WC, part tiled walls, electric wall heater, exposed beams.
Outside Laundry Room There is a communal laundry room to the rear of the flats.
Parking There will be non-designated parking at the rear of 72 Market Place which can be used out of working hours, as the main shops take priority during this time.
Additional Information Services Mains water, electricity and drainage. Appliances No appliances have been tested by the Agent.
Material Information The Ofcom website suggests there is a maximum download speed of 1800 Mbps is available at this postcode .
Mobile phone coverage for voice calls have limited coverage from EE, Three, Vodaphone and O2. The checker results are predictions and should not be regarded as guaranteed.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
Agent & docs
FAQ
About Flat 1, 72, Market Place, Market Weighton
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