Hope Cottage, 6 High Street, Flamborough, East Yorkshire

Description

A three bedroom Grade II listed coastal cottage in Flamborough, with potential for residential, holiday, or letting use, subject to consents. The property comprises a living room, kitchen, bathroom and three bedrooms, with a rear garden. It may be suitable as a permanent residence, second or holiday home, or for residential or holiday letting. There may also be scope for improvement or updating, subject to the requirements of the Grade II listing and any necessary consents. The property is situated next door to a fish & chip restaurant and may be particularly suited to a cash buyer.

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). Exterior: Rear garden. On street parking.

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 supplied completed sales provide a broad local range of £75,000 to £217,500, including two High Street terraced properties at £177,500 and £217,500. However, the comparables are not sufficiently specific regarding bedroom count, condition, listed status, accommodation or exact comparability. A supported GDV cannot therefore be established. The guide is £105,000, with known buyer premium and administration charges of £3,000 in total, excluding any special-condition disbursements.

Investment Snapshot

Strategy Recommendation

Treat primarily as a potential owner-occupier, second-home or holiday-use purchase, subject to legal, planning and listed-building review. Do not underwrite it as a BTL, BRRR or flip without verified condition, consents, rent and valuation evidence.

Works Required

Potential updating or improvement of the existing living room, kitchen, bathroom and bedrooms, subject to the requirements of the Grade II listing and all necessary consents. No specific defects or quantified works are evidenced, so a refurbishment budget cannot be reliably estimated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably. The guide is £105,000 and known buyer/admin charges total £3,000, but refurbishment costs, market value, rent and refinance value are unsupported. The Grade II listing may constrain improvement works and consents should be verified.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. There is also no quantified works budget or supported GDV. Holiday or residential letting is described as possible only subject to any required consents.

Flip Analysis

A flip surplus cannot be calculated because the supplied sales are not sufficiently comparable and no works budget or selling-cost allowance is provided. The local evidence ranges from £75,000 to £217,500, but does not support a property-specific resale value for this cottage.

Investor Risks & Due Diligence

• Grade II listed status may restrict alterations and require listed-building or other consents.

• The property is next door to a fish and chip restaurant, creating an evidenced location and amenity consideration.

• Parking is on street only.

• Special Conditions of Sale may add search, seller-cost reimbursement, legal or transfer charges.

• The description states that residential, holiday or letting use may be subject to consents.

• The property may be particularly suited to a cash buyer, so financing suitability should be verified.

• No specific condition evidence is supplied, preventing reliable refurbishment costing.

Recommendation

Treat primarily as a potential owner-occupier, second-home or holiday-use purchase, subject to legal, planning and listed-building review. Do not underwrite it as a BTL, BRRR or flip without verified condition, consents, rent and valuation evidence.

Strategy Rating

Analysis Confidence

The property description, tenure, accommodation, guide and known charges are supplied, but there is no EPC, passing or asking rent, condition survey, quantified works budget, auctioneer rent estimate or sufficiently specific valuation evidence. Special-condition costs are also unknown.