Hope Cottage, 6 High Street, Flamborough, East Yorkshire, YO15 1JX

Description

A three bedroom Grade II listed coastal cottage in Flamborough, with potential for residential, holiday, or letting use, subject to consents.

Accommodation

Ground Floor: Living Room - 19'7" x 12'8" (5.98m x 3.85m); Kitchen - 17'8" x 9'1" (5.38m x 2.76m); Bathroom - 8'3" x 5'2" (2.52m x 1.57m). First Floor: Bedroom One - 12'8" x 8'11" (3.85m x 2.72m); Bedroom Two - 13'3" x 10'6" (4.04m x 3.21m); Bedroom Three - 15'11" x 6'6" (4.86m x 1.98m).

Location

The property is located within easy reach of the coastline, beaches, cliff-top walks and Flamborough Head. Local shops, pubs and other village amenities are also within convenient reach. Flamborough CE Primary School and Bridlington School are accessible from the property, while Bridlington, including its railway station and local bus services, is within convenient travelling distance.

Tenure / Property Information

Investment Analysis

The guide is £95,000, with known buyer premium and administration charge of £3,000, before any disbursements or other legal/search/transfer costs. The most relevant supplied evidence is two freehold terraced sales on High Street at £177,500 and £217,500. These are not confirmed identical in accommodation, condition or listing status, so an indicative GDV range of £177,500–£217,500 is used, with a midpoint base GDV of £197,500. The evidence is insufficient for a formal valuation or a reliable refurbishment allowance.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming listed-building and intended-use consents, obtaining a condition survey and establishing realistic resale or rental evidence. At the guide, the price appears materially below the indicative same-street sales, but the evidence is insufficient to justify a firm bid or strategy.

Works Required

No specific defects or required works are stated. Obtain a condition survey and confirm any Grade II listed building consents before undertaking alterations. Any works budget, including compliance or cosmetic works, remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative base GDV, 75% refinance would be approximately £148,125. Cash left in cannot be calculated because refurbishment costs, total acquisition costs beyond the known £3,000 charges, disbursements and finance costs are unavailable. Listed-building consent and intended use should be confirmed before relying on a BRRR strategy.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Residential letting, holiday letting and other use are stated as subject to consents, so use and rental assumptions require verification.

Flip Analysis

The indicative base GDV is £197,500, based on a midpoint of two same-street terraced sales at £177,500 and £217,500. A flip surplus cannot be calculated because condition, refurbishment costs, resale costs and full acquisition costs are unsupported. The comparables are not confirmed identical to this Grade II listed cottage.

Investor Risks & Due Diligence

• Grade II listed status may restrict alterations and requires confirmation of relevant consents.

• Residential, holiday and letting use are stated to be subject to consents; the permitted and viable use is not confirmed.

• No sufficiently specific rental evidence is supplied, preventing a supported yield assessment.

• Condition and refurbishment requirements are not described, so total project cost cannot be established.

• Disbursements and other possible legal, search, seller-cost reimbursement and transfer charges may be payable under the legal pack.

• On-street parking only may affect occupier or resale appeal.

• The relied-on sales are terraced properties and are not confirmed identical in accommodation, condition or listing status.

Recommendation

Proceed only after reviewing the legal pack, confirming listed-building and intended-use consents, obtaining a condition survey and establishing realistic resale or rental evidence. At the guide, the price appears materially below the indicative same-street sales, but the evidence is insufficient to justify a firm bid or strategy.

Strategy Rating

Analysis Confidence

There are two potentially relevant same-street freehold terraced sales and clear guide/known charges, but the comparables lack confirmed size, bedroom, condition and listing detail. No rent, EPC, condition, works, full costs or disbursement information is supplied.