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Bank Terrace, Hornsea

Yorkshire

£220,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
624 sqft

Description

Located in the established community of Bank Terrace, Hornsea, this detached four-bedroom house offers a unique canvas for renovation enthusiasts and families alike. Currently, the property lacks a kitchen, presenting an excellent opportunity to create a custom culinary space tailored to personal tastes. With a spacious reception room ideal for gatherings and three bathrooms designed to ease busy mornings, the layout is well-suited for family life. The generous plot includes private parking for up to three vehicles—an asset in this sought-after area. Residents will appreciate the proximity to local amenities and coastal activities, enhancing the overall lifestyle appeal. Although it requires updates throughout, particularly in its kitchen and some living areas, its solid structure allows for a range of refurbishment possibilities. This property not only provides immediate potential but also invites creativity in transforming it into a contemporary home within a vibrant neighborhood.

Investment Analysis

(HU18 area)

Above Market Value

This property is priced +62.1% above area average per sq ft

+62.1%
This Property
£353/sq ft
Area Average
£217/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£149,258
10% above area average per sq ft
Potential ROI
-50.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HU18)

Area prices are falling by +8.7% over the last 12 months
3 year growth: 1.5%
5 year growth: 19.5%
Investment Disclaimer: Analysis based on HU18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Bank Terrace, Hornsea
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE