Summary - 28 St. Lukes Court, Willerby HU10 6PQ
1 bed 1 bath Flat
Affordable long-lease investment in a sought-after village setting.
Ground-floor studio with partitioned living and sleeping areas
Direct patio door access to communal garden space
Off-street parking included within development
Long lease (approx. 900 years) gives tenure security
Potential rental income up to £500 PCM with improvements
Service charge approx. £1,300 per year (average)
Annual ground rent approx. £400 and reservation fee payable
Electric room heaters only; no gas central heating
This compact ground-floor studio in St. Lukes Court offers a straightforward, low-risk investment in a sought-after Willerby village location. The partitioned layout creates defined living and sleeping areas, and a patio door opens directly onto communal garden space—an uncommon perk for a ground-floor flat. Off-street parking and fast broadband add practical appeal for tenants.
The long lease (approximately 900 years) and relatively modern construction (2007–2011) provide tenure security and low immediate maintenance risk. With targeted cosmetic improvements and updated heating, the property could reach the advertised rental estimate of up to £500 PCM, making it suitable for buy-to-let investors or first-time buyers seeking rental income.
Buyers should note this is a leasehold sale with notable ongoing charges: an average service charge of around £1,300 and annual ground rent of £400. Heating is electric via room heaters (no central gas), and the studio is small at about 442 sq ft, so rental appeal will depend on sensible refurbishment and managing running costs.
A non-refundable Reservation Fee applies on acceptance (2% of the price, minimum £2,500 plus VAT) to secure the property. That fee is payable in addition to the purchase price and can affect overall purchase costs; ensure you factor this and the service/ground rent into affordability calculations.
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