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See how verdicts work2-bedroom flat · HU18 1PZ
Listing removedReduced £2k (−1.5%) on 29 AugListed 236 days
Opportunity summary
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About
Enjoying superb sea views this second floor apartment simply must be viewed.
The apartment offers spacious accommodation with a modern kitchen including built in appliances, Panoramic views from the curved living area with Juliet balcony, en-suite to the master bedroom and lift access.
Properties with such stunning sea views are rarely available in Hornsea.
Location This apartment is located on the second floor of Broadway House which comprises a total of 22 apartments arranged over four floors and is served by an internal staircase as well as a lift.
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 Enjoying some wonderful sea views the accommodation has porcelain tiled floors throughout with underfloor electric heating controlled by a separate thermostat for each room and additional electric Thermostatically controlled radiators are wall mounted in each room, uPVC double glazing, LED downlighting, an audio visual intercom system linked to electrically operated security gates and is arranged as follows: Entrance Lobby With a private front entrance door leading in from the stairwell and lift access.
Entrance Hall Cupboard housing the electric consumer unit, cupboard housing the hot water tank with a washer dryer, and doorways to: Living Room With Kitchen Area (4.42m x 6.40m overall (14'6" x 21' overall)) With stunning sea views from all windows and double doors to a Juliet balcony.
Built-in kitchen incorporating a good range of fitted base and wall units with contrasting worksurfaces and matching splashbacks, inset 1 1/2 bowl sink unit, built-in oven and microwave, built-in fridge freezer and dishwasher.
Bedroom 1 (3.58m x 2.79m (net of fitted wardrobes) (11'9 x 9') With sliding wardrobes along one wall and enjoying stunning sea views.
En-Suite (2.24m x 0.89m (7'4 x 2'11)) Shower cubicle, pedestal wash basin and low level WC. Bedroom 2 (4.39m narrowing to 2.34m x 3.94m (14'5 narrowing t) With views stretching to the sea.
Bathroom / Wc (2.08m x 2.24m (6'10 x 7'4)) Panelled bath incorporating a plumbed shower over with hand shower, rain shower and screen above, vanity unit housing the wash basin, low level WC and a ladder towel radiator.
Council Tax The Council Tax Band for this property is Band B. Tenure The apartment is held on a 999 year ground lease from 15th September 2017 (991 years remaining) at a peppercorn ground rent.
The building is managed by Garness Jones and we understand that the current maintenance and management charge for apartment 8 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.
Value & comps
No previous sales on record.
Returns
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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.
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About Apt 8, Broadway House, Hornsea
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