1-bedroom flat · YO15 2NJ
For saleListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Town Centre Leasehold Flat - stone's throw from sea front. Harris Shields are pleased to offer this 1 bedroom Leasehold 2nd floor flat.
The property, which is accessed through a Communal Hallway, briefly comprises ; Hallway, Lounge, Bedroom, Bathroom, Kitchen and Utility Room.
Recently refurbished and modernised, including installation of a new combi boiler, the flat has sea views to the side and is well situated in the Town Centre with its various Shops, Restaurants, Public Houses etc.
The beautiful North Beach and Harbour is just a stone's throw away. Offered with Vacant Possession and No Onward Chain. Held on a 999 Lease with effect from 2022, the Ground Rent is £200 per annum.
Service charges approx £400pa. The proximity to the beach etc makes this, in our opinion, an ideal little holiday home or first step on the property ladder and viewing is recommended. No onward chain.
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
Agent & docs
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FAQ
About Flat 3, 11, Cliff Street, East Yorkshire
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