11 Palanza Terrace, Bridlington, East Yorkshire, YO15 3EF

Description

A three bedroom end-terrace house requiring modernisation throughout after it has been occupied by the owner for over 50 years. A three bedroom end-terrace house offering spacious accommodation arranged over three floors. Having been occupied by the same owner for over 50 years, the property now requires improvement and modernisation throughout. The property will be of interest to owner-occupiers, DIY enthusiasts and investors looking for a refurbishment project.

Accommodation

Ground Floor: Entrance leading to Living Room - 14'1" x 10'2 (4.3m x 3.1m); Dining Room - 11'11" x 10'2" (3.6m x 3.1m); Kitchen - 14'7" x 7'2" (4.4m x 2.2m). First Floor: Central landing leading to Bedroom One - 13'6" x 11'8" (4.1m x 3.6m); Bedroom Two - 12'0" x 7'10" (3.7m x 2.4m); Bathroom - 11'0" x 7'2" (3.4m x 2.2m). Second Floor: Bedroom Three - 15'7" x 12'7" (4.8m x 3.8m).

Location

Palanza Terrace is situated in a convenient South Side location in Bridlington, within easy walking distance of the town centre, harbour and South Beach. A good range of everyday amenities is close by, including local shops, cafés, restaurants, pubs and supermarkets. The area is well served by public transport, with several bus stops nearby and Bridlington railway station a short distance away, providing rail connections towards Hull, Scarborough and York.

Tenure / Property Information

Investment Analysis

The four higher same-terrace completed sales range from £130,000 to £140,000, with the most recent at £130,000 in October 2025. The £77,000 sale is materially lower and may not be directly comparable. A base GDV of £133,000 is estimated from the relevant evidence, but the subject requires modernisation throughout and no condition-adjusted comparable evidence is supplied.

Investment Snapshot

Strategy Recommendation

Potential owner-occupier or refurbishment purchase subject to inspection and firm works quotations. An investor should not bid on the supplied evidence alone until the full modernisation cost, legal-pack charges and resale or letting assumptions are verified.

Works Required

Modernisation throughout is required, based on the auction description. The precise scope, specification and cost of works are not supplied and should be established by inspection and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the known buyer premium and admin charge add £3,000 before any disbursements or refurbishment. A 75% refinance against the estimated £133,000 base GDV would be £99,750, but total project cost and cash left in cannot be calculated without a refurbishment budget and other completion costs. The margin between guide price and estimated GDV is not sufficient evidence on its own to support a BRRR decision.

Buy-to-Let Analysis

The supplied advertised asking-rent evidence is £810 pcm, equivalent to £9,720 annually. This produces a gross yield of approximately 9.26% against the £105,000 guide price. Yield on total project cost cannot be calculated because refurbishment costs and any further completion costs are unknown. The rent is advertised asking rent, not achieved or passing rent.

Flip Analysis

The estimated base GDV is £133,000, with an evidence-supported range of £130,000 to £140,000. A flip surplus cannot be calculated because refurbishment costs, disbursements, selling costs and any finance costs are not supplied. The guide price plus known £3,000 buyer and admin charges is already £108,000 before works.

Investor Risks & Due Diligence

• The property requires modernisation throughout after over 50 years of owner occupation.

• Refurbishment costs and scope are not provided, preventing total-cost, BRRR and flip-profit calculations.

• The £810 pcm figure is advertised asking rent rather than achieved or passing rent.

• Additional disbursements, searches, seller-cost reimbursement, legal fees or transfer fees may become payable under the auction terms.

• The £130,000 to £140,000 comparable range may not reflect the subject property's specific condition.

• No parking, EPC or detailed building-condition information is supplied.

Recommendation

Potential owner-occupier or refurbishment purchase subject to inspection and firm works quotations. An investor should not bid on the supplied evidence alone until the full modernisation cost, legal-pack charges and resale or letting assumptions are verified.

Strategy Rating

Analysis Confidence

There is useful same-street sold-price evidence, advertised rental evidence and known buyer charges, but no EPC, inspection report, refurbishment budget, legal-pack disbursements, selling costs or condition-adjusted comparable evidence.