Apartment 20 Masters House, Scholars Way, Bridlington, East Yorkshire, YO16 4HR

Property Overview

Apartment 20 Masters House, Scholars Way, Bridlington, East Yorkshire, YO16 4HR is a two-bedroom third-floor leasehold apartment offered with vacant possession on completion. The property requires minor works throughout and includes an allocated parking space.

Accommodation

• Entrance Hall: 5'5" x 11'1" (1.67m x 3.40m)
• Living Room: 14'7" x 13'7" (4.46m x 4.15m)
• Kitchen: 9'6" x 7'6" (2.92m x 2.29m)
• Bedroom One: 10'6" x 9'10" (3.20m x 3.00m)
• Bedroom Two: 10'4" x 6'10" (3.15m x 2.08m)
• Bathroom: 6'5" x 5'6" (1.96m x 1.68m)

Heating is provided by wall-mounted electric heaters. The property is connected to mains water, drainage and electricity. None of the services or installations have been tested.

Location

Scholars Way is close to Bridlington town centre, with shops, supermarkets, cafés and restaurants nearby. Transport links include Bridlington railway station and local bus services.

Tenure & Key Information

• Tenure: Leasehold
• Lease: 155 years from 1 January 2007, with 136 years remaining
• Service charge: £266.89 every quarter
• Ground rent: £394 per annum
• EPC: Current Rating D64
• Council Tax: East Riding of Yorkshire Council, Valuation Band B, based on verbal enquiry only
• Occupancy: Vacant possession on completion

Auction & Buyer Charges

• Guide Price: £50,000 plus fees
• Auction date: 30 September 2026 at 1.00pm
• Buyer Premium: £900 (£750 plus VAT), payable in addition to the purchase price
• Administration Charge: 0.3%, subject to a minimum of £900 (£750 plus VAT), payable in addition to the purchase price
• Disbursements in the legal pack may be payable on completion
• Special Conditions of Sale may include Search Fees, reimbursement of Sellers costs, Legal Fees and Transfer Fees

Investment Analysis

HB estimates only: the five supplied HM Land Registry comparables are leasehold flat sales in Hull rather than Bridlington and provide weak location evidence. Their calculated average sale price is £75,300, with a range of £65,000 to £80,000. HB indicative GDV/market value is £75,300, subject to significant uncertainty. This is not a formal valuation.

• At the £50,000 guide, the supplied £900 buyer premium and £900 minimum administration charge produce an HB estimated all-in cost of £51,800 before any other costs.
• Using the supplied £625 pcm rental evidence, the HB estimated gross yield is approximately 14.5%.
• HB suggested maximum bid: £60,000, producing an estimated all-in cost of £61,800 and approximately 12.1% gross yield, assuming no refurbishment cost and only the supplied charges.
• No HB refurbishment allowance is estimated because the evidence does not describe the condition or required works.

The auctioneer estimated rent was not supplied.

Sold Comparables

Supplied HM Land Registry sold data. These comparables are in Hull, not Bridlington, and may not be representative.

Property	Sale Price	Sale Date	Type	Tenure
23 Kilton Court, Hull, HU8 9FE	£80,000	29 June 2026	Flat/Maisonette	Leasehold
9 Kilton Court, Hull, HU8 9FE	£65,000	11 July 2025	Flat/Maisonette	Leasehold
22 Kilton Court, Hull, HU8 9FE	£72,500	21 February 2025	Flat/Maisonette	Leasehold
19 Kilton Court, Hull, HU8 9FE	£80,000	28 October 2022	Flat/Maisonette	Leasehold
20 Kilton Court, Hull, HU8 9FE	£79,000	30 August 2022	Flat/Maisonette	Leasehold

Rental Evidence

The supplied rental evidence comprises advertised asking rents for two-bedroom flats/apartments in Bridlington. These are not achieved or passing rents.

• OnTheMarket, “Houses to rent in Bridlington”: advertised asking rent £625 pcm
• OnTheMarket, “Flats To Rent In Bridlington”: advertised asking rent £625 pcm
• OnTheMarket, “2 Bed Properties To Rent In Bridlington”: advertised asking rent £625 pcm

Strategy & Risks

HB estimate: bid cautiously and confirm the lease length, service charge, ground rent, major works liabilities and actual property condition before bidding. The £50,000 guide appears attractive against the limited comparable evidence and advertised rent, but the location mismatch and missing leasehold information support a disciplined maximum bid of approximately £60,000, subject to the supplied fee assumptions.

• Sold comparables are in Hull rather than Bridlington and may not be representative.
• Rental evidence consists of advertised asking rents, not achieved or passing rents.
• Lease length, service charge, ground rent and major works liabilities are not supplied beyond the stated property particulars.
• Property condition and any refurbishment requirement are unknown.
• Gross yield calculations exclude costs not supplied, including finance, voids, management, maintenance, insurance and other purchase costs.
• Vacant possession means rental income is not established on completion.