123 Hilderthorpe Road, Bridlington, East Yorkshire, YO15 3EU

Property Overview

123 Hilderthorpe Road, Bridlington, East Yorkshire, YO15 3EU is a freehold mixed-use property, primarily comprising residential investment accommodation. The property has four bedrooms and was fully let until recently, producing just over £16,500 per annum gross. It is ready for updating and redecoration, with scope for improvement to two of the four units.

Accommodation

• Ground floor: Lock-up shop with 18.82 sq m (202 sq ft) retail space, small kitchenette and WC; one-bedroom flat with living room, hall, kitchen, bedroom and bathroom.
• First floor: One-bedroom flat with landing, living room, kitchen, bedroom and bathroom.
• Second floor: Flat with landing, living room, kitchen, two double bedrooms and bathroom.
• Cellar: Beneath the shop, accessed from an external metal hatch.

The upper-floor flats would benefit from replacement kitchen and bathroom fittings, redecoration and new floor coverings. Central heating to radiators is provided in each flat, with individual gas boilers serving each unit. Windows are double glazed with uPVC-framed sealed units.

Location

The property is situated in an established position on the southern side of Bridlington town centre, within walking distance of shopping and leisure facilities. Bridlington railway station is approximately 0.2 miles away. Supermarkets and other amenities are nearby, with the seafront, South Beach, Carnaby and the A614 towards Driffield and the wider East Riding also within reach.

Tenure & Key Information

• Freehold with vacant possession unless stated differently in the legal pack.
• The ground-floor flat is let on an assured shorthold tenancy.
• The disabled tenant has been served a Section 8 notice to assist him in securing more suitable council accommodation. If he has not been rehoused before completion, the flat will be sold subject to the existing tenancy agreement.
• EPC ratings: Ground Floor Flat C (73); First Floor Flat C (70); Second Floor Flat C (70); Shop C (53).
• All flats are understood to be Council Tax Band A, payable to East Riding of Yorkshire Council.
• The ground-floor shop has a rateable value of £1,500.
• It is understood that mains drainage, gas, water and electricity are laid to the property. Services and associated appliances have not been checked or tested.
• Parking information has not been supplied.

Auction & Buyer Charges

• Guide price: £120,000 plus fees.
• Auction date: 30 September 2026.
• Auction time: 1.00pm.
• Buyer premium: £1,200 (£1,000 plus VAT), payable in addition to the purchase price.
• Administration charge: 0.3% including VAT, subject to a minimum of £900 (£750 plus VAT), payable in addition to the purchase price.
• Disbursements may be payable on completion. Special Conditions of Sale may include search fees, reimbursement of seller's costs, legal fees and transfer fees. Buyers should refer to the legal pack.

Investment Analysis

HB estimates only: The supplied evidence indicates a calculated gross yield of 10.50% at the £120,000 guide price, based on £12,600 annual rent divided by £120,000. Including the known £1,200 buyer premium and £900 minimum administration charge, the indicative acquisition cost is £122,100 and the calculated yield is 10.32%, excluding other costs.

The rental assumption is based solely on one advertised £1,050 pcm asking rent for a four-bedroom flat in Bridlington. This is not an achieved or passing rent. No refurbishment scope or target return assumptions have been supplied, so a defensible maximum bid, reliable GDV or formal valuation cannot be calculated. The £120,000 guide price is not independently validated by the supplied evidence.

Sold Comparables

The following supplied sold data comprises five completed terraced-property sales in Hull. These are not directly comparable to this mixed-use property in Bridlington and provide weak valuation evidence.

Property	Price	Sale date	Type	Tenure
3, Kilton Court, Hull, HU8 9FE	£105,000	30 July 2024	Terraced	Freehold
5, Kilton Court, Hull, HU8 9FE	£108,500	16 June 2023	Terraced	Freehold
15, Kilton Court, Hull, HU8 9FE	£125,000	23 October 2020	Terraced	Freehold
24, Kilton Court, Hull, HU8 9FE	£109,000	1 February 2019	Terraced	Freehold
3, Kilton Court, Hull, HU8 9FE	£96,000	21 September 2018	Terraced	Freehold

The simple average of these five supplied sales is £108,700, but this is not a reliable valuation or GDV for the property.

Rental Evidence

Advertised rental evidence: Property to rent in Bridlington - Zoopla — four-bedroom flat — £1,050 pcm asking rent. This is a single advertised asking rent, not an achieved or passing rent.

No auctioneer estimated rent has been supplied.

Strategy & Risks

• Undertake legal-pack, tenancy and condition due diligence before bidding.
• Confirm the ground-floor flat’s possession status and tenancy terms before bidding.
• Refurbishment, compliance, repair and conversion requirements have not been supplied.
• Sold comparables are in Hull and relate to terraced properties, providing weak evidence for this Bridlington mixed-use asset.
• Vacant possession is conditional; the property may instead be sold subject to the existing ground-floor flat tenancy.
• The £1,050 pcm figure is an unverified asking-rent indication rather than passing income.
• The guide price is plus the £1,200 buyer premium and minimum £900 administration charge, before other acquisition costs.
• No reliable GDV or maximum bid can be calculated from the supplied evidence. Bid only against a return and cost model established after confirming possession, tenancy terms and required works.