14 Bridlington Road, Beeford, Driffield, East Yorkshire, YO25 8AN

Description

A superb project in a village location just 10 minutes drive from the coast. The property is a vacant three-bedroom end terrace house requiring some maintenance and renovation, with off-street parking, a ground-floor third bedroom and shower room, rear garden and storage buildings.

Accommodation

Entrance lounge; kitchen/breakfast area; rear entrance/hallway; ground-floor shower room; ground-floor bedroom three; first-floor landing; bedroom one; bedroom two; first-floor bathroom; rear garden; brick outbuildings; off-street parking.

Location

Situated within the village of Beeford, with a general store, post office, doctors surgery, church, primary school, playing fields, fish and chip shop, Chinese restaurant and public house. Further amenities are available in Bridlington and Driffield, with Beverley and Hull easily commutable. The property is approximately 10 minutes' drive from the coast.

Tenure / Property Information

Investment Analysis

The five supplied freehold terraced comparables in the same YO25 8AN postcode range from £130,000 to £195,000, with the most recent sale at £195,000 in June 2024. The subject is also a three-bedroom terraced house but its exact size, condition relative to the comparables and detailed specification are not evidenced. A cautious evidence-based scenario range is £130,000–£195,000, with £182,500 used as the base GDV.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, commissioning a survey and obtaining a detailed refurbishment budget. Do not bid on the basis of the GDV alone; rental and resale assumptions require further evidence.

Works Required

Maintenance and renovation are required, but the evidence does not identify specific defects or quantities. Obtain a survey and contractor quotations before budgeting; works may include only the maintenance, repairs and renovation confirmed by those inspections.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

On the selected £182,500 base GDV, a 75% refinance is £136,875. The required refurbishment cost, total acquisition cost, finance costs and achievable rent are not evidenced, so cash left in and BRRR viability cannot be calculated. The £1,200 buyer premium, minimum £1,200 admin charge and possible legal-pack disbursements must also be allowed for.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, gross yield and rental coverage cannot be established. The vacant possession and three-bedroom layout may support letting, but demand and achievable rent require separate evidence.

Flip Analysis

The sold evidence supports a broad £130,000–£195,000 value range, but the subject's condition relative to the comparables is unclear. Refurbishment costs and selling costs are unavailable, so a reliable flip surplus or maximum purchase price cannot be calculated.

Investor Risks & Due Diligence

• The property requires maintenance and renovation, but the scope and cost of works are unknown.

• Comparable properties may differ in size, layout, condition and finish from the subject.

• No sufficiently specific rental evidence is available, preventing yield and affordability analysis.

• Buyer premium, minimum admin charge and possible legal-pack disbursements increase acquisition cost.

• Vacant possession is stated, but legal-pack terms and any additional completion costs require verification.

• The guide price is not a valuation and the achievable resale value could be below the selected base GDV.

Recommendation

Proceed only after reviewing the legal pack, commissioning a survey and obtaining a detailed refurbishment budget. Do not bid on the basis of the GDV alone; rental and resale assumptions require further evidence.

Strategy Rating

Analysis Confidence

There are several relevant same-postcode completed sales and a clear property description, but there is no specific rental evidence, EPC, detailed condition report, refurbishment budget, exact comparable specification or selling-cost allowance.