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54A & 54B Queen Street, Withernsea... 7 bed end of terrace house for sale
54A & 54B Queen Street, Withernsea, East Riding of Yorkshire HU19 2AF
£20,000
54A & 54B Queen Street, Withernsea, East Riding of Yorkshire HU19 2AF
£20,000
Our Summary
- Auction Commencing on Monday 06th October at 1pm and ending 24 hours later on Tuesday 07th October at 1pm with Auction HousePlease register to bid via our website - auctionhouse
- High-Yield Investment Opportunity – Potential 7-Bed HMOOpen House Viewings (no need to book)Saturday 20th September at 13:15pm until 13:45pmSaturday 27th September at 10am until 10:30amSaturday 04th October at 10am until 10:30am
- A substantial corner property arranged as two self-contained flats, offering the potential to be operated as a 7-bedroom HMO (subject to any necessary consents)
- -Excellent scope to operate as a 7-bed HMO
- -Attractive long-term buy-to-let or HMO conversion project
Description
This property is a high-yield investment opportunity, comprising two self-contained flats on one freehold title, with a combined internal area of approximately 173 square meters. The property has the potential to be operated as a 7-bedroom HMO, with a potential gross rental income of over £3,000 per month when fully occupied. The ground floor flat is currently configured as a self-contained two-bedroom flat, while the maisonette on the first and second floors has a living room, kitchen with balcony, bathroom, and four bedrooms. The property is located in the seaside town of Withernsea, close to the center, shops, amenities, schools, and the seafront, with steady rental demand from local tenants and seasonal workers. The property is being sold with a guide price and an administration fee of £3,600 inc VAT payable on exchange of contracts.