Share of Freehold
NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
3 unit broken block for sale including the freehold
Aggregate monthly rental income £1,285
Aggregate gross rental yield 7.8%
Lower ground floor flat:
Upper ground floor flat:
Third floor flat:
This property is situated in Bridlington, a coastal town on the Holderness Coast in East Riding, 28.3 miles north of Kingston Upon Hull and 40 Miles east of York, with access to the A165. Bridlington is a minor sea fishing port with a working harbor and a mix of small businesses across manufacturing, retail and service sector.
The property is about 0.8 miles to town centre , which boasts a large leisure centre with swimming pool, several pubs and restaurants and further along the coastline is the Yorkshire Coast Entertainment offering life performances, Bridlington Spa ( Theatre and Variety Venue), Nitelife Entertainments, Promenade Shopping Centre and many high street stores.
Bridlington Railway station is about 0.8 miles away access to the motorway M62 is at 48 miles distance.
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
VIEW FINANCIALS WITH
GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.
East Riding has approximately 160,810 dwellings and based on market activity, its estimated that 25% are renting in the area.
Property prices in East Riding have increased by 2% in the last 12 months and are now £174k (previously £148k in Feb ’15) and range between £73k for a 1-bed flat, up to £378k for a 5-bed detached property. There have been on average 519 sales per month (180 in Jan ’19 versus 651 in Jul ’18).
Rents have also increased 2% in the last 12 months and are now £552. Given property prices, rental yield is 4.6% (versus 4.7% in Aug ’18). Rents range between £388 for a 1-bed flat to £1,125 for a 5-bed detached house.
More than 9,000 homes have planning approval for development in the East Riding, the latest figures show, with more than a third under construction.
The demand for housing in the area's towns and villages saw East Riding Council deal with 6,500 applications and enquiries between April 2017 and March 2018. 23,800 new homes will be built across the East Riding by 2029 under the council’s Local Plan.
The East Riding is witnessing a trend that has seen the working age population of the area fall consistently since 2008. This is often commonplace in geographically remote communities, as many high-achieving young people leave rural areas to continue higher education or seek employment.
Strategies are being implemented to improve the job supply and demand balance so that younger generations are attracted and retained within the area.
East Riding of Yorkshire,
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.
Copyright © 2019 Vesta Global Limited. All rights reserved.