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Back Southgate, Hornsea

Yorkshire

£145,000
Listed on 15/05/2024

Property Details

Bedrooms
2
Type
Detached house
Area
645 sqft

Description

This charming 2-bedroom cottage presents a valuable opportunity for buyers interested in renovation and investment potential. Nestled in the vibrant coastal town of Hornsea, it is conveniently located within walking distance of local shops, cafes, and essential amenities, making it an excellent candidate for a holiday home or rental property. While the cottage retains its character, it does require modernisation to reach its full potential. The interior features a functional layout with compact spaces that lend themselves well to low-maintenance living. The main reception area includes a cozy lounge equipped with a multi-fuel fire, perfect for creating a warm atmosphere during cooler months. The kitchen diner offers ample space with fitted wall and base units and room for appliances, while the addition of a utility area provides further practical storage and laundry options. The upstairs houses two bedrooms with built-in wardrobes and natural light pouring in from the windows, as well as a loft space that could be further developed to enhance living areas or provide additional storage. Outside, there’s a small gravel yard at the front and a private courtyard garden at the back—a secluded space ideal for unwinding after a day spent by the sea. With thoughtful renovations, this cottage can truly become your personalised retreat or an attractive investment opportunity given its desirable location. The property also benefits from an EPC rating of D and falls under council tax band A, ensuring manageable ongoing costs. This inviting cottage is ready for new owners to transform it into their ideal coastal escape on the Yorkshire shoreline.

Investment Analysis

(HU18 area)

Above Market Value

This property is priced +2.7% above area average per sq ft

+2.7%
This Property
£225/sq ft
Area Average
£219/sq ft

Renovation Potential

Est. Renovation Cost
£14,500 - £36,250
10-25% of property value
Target Value
£155,381
10% above area average per sq ft
Potential ROI
-14.3%
After renovation
Monthly Sales
11
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (HU18)

Area prices are falling by +8.7% over the last 12 months
3 year growth: 5.4%
5 year growth: 21.2%
Investment Disclaimer: Analysis based on HU18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Back Southgate, Hornsea
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