Summary - Flat 4, 39 Tennyson Avenue YO15 2EX
1 bed 1 bath Flat
Affordable auction lot for cash-ready investors seeking rental potential.
Chain-free one-bedroom first-floor apartment in town centre
Set on the first floor of a Victorian terrace in central Bridlington, this one-bedroom flat is presented as an investment opportunity with immediate rental potential. The compact layout includes a bright lounge, small kitchen and bathroom — efficient accommodation suited to single occupancy or short-term lets. The property is chain-free and will be sold at auction, offering a fast purchase route for cash-ready buyers.
Important sale terms affect the purchase cost: the sale uses the Modern Method of Auction. The winning bidder must pay a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600) and a Buyer Information Pack fee of £300. Ground rent starts at £50 pa and rises in bands; service charge is approximately £250 pa. The lease has around 232 years remaining, providing long-term leasehold security.
Practical considerations: heating is by electric room heaters and mains electricity is the primary fuel, so running costs will be higher than gas-heated homes. The area is classified as very deprived with very high local crime — factors that will influence rental demand and yields and that investors should weigh carefully. The accommodation is compact (circa 231 sq ft) and will suit tenants seeking town-centre convenience rather than family living.
For investors seeking a low-entry price in a seafront town centre location, this flat provides a straightforward, low-service-charge leasehold holding with long lease length. Budget for modest modernisation and consider safety and management measures for lettings given the local area profile.
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