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See how verdicts work1-bedroom flat · YO15 2PA
Sold STCListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb investment opportunity in the heart of Bridlington. This one-bedroom leasehold ground floor flat is just moments from the beach, harbour, arcades and town centre.
Currently let at £450 PCM and offered for sale with the tenant in situ.
Situated in the heart of Bridlington's bustling seafront, this ground floor one-bedroom leasehold flat presents an excellent investment opportunity and is offered for sale with the tenant in situ, providing an immediate rental income of **£450 per calendar month**.
The property occupies a prime central location just a short stroll from the beach, harbour and promenade.
Bridlington's popular fairground, traditional arcades, cafés, restaurants, bars and shopping facilities are all within easy walking distance, making this an ideal location for those looking to enjoy everything this vibrant seaside town has to offer.
The flat offers comfortable accommodation in a highly sought-after position, appealing to tenants who value convenience, coastal living and excellent access to local amenities and transport links.
With an established tenancy already in place, this is a straightforward purchase for investors seeking a ready-made buy-to-let property with immediate income from day one.
Properties in such a central seafront location are always in demand, making this an excellent opportunity to add a well-located coastal investment to your portfolio.
We are advised the property is on a 999 year lease which commenced 6 years ago. £350pa Service Charge.
Auctioneers Comments: 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.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view 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.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
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.
Area
Agent & docs
FAQ
About Marlborough Terrace, Bridlington, East Yorkshire, YO15
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