Auction Commencing on Monday 06th October at 1pm and ending 24 hours later on Tuesday 07th October at 1pm with Auction House
Please register to bid via our website - auctionhouse.co.ukHigh-Yield Investment Opportunity – Potential 7-Bed HMO
Open House Viewings (no need to book)
Saturday 20th September at 13:15pm until 13:45pm
Saturday 27th September at 10am until 10:30am
Saturday 04th October at 10am until 10:30amA 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). Situated in the seaside town of Withernsea, this property presents an excellent opportunity for investors seeking strong returns.
54A Queen Street (Ground Floor Flat)
=Approx. 56 sq m (603 sq ft).
=Currently configured as a self-contained two-bedroom flat.
=Could be let by the room as 2 HMO units.
54B Queen Street (Maisonette – First & Second Floors)
-Approx. 117 sq m (1,262 sq ft) across two floors.
-First floor: living room, kitchen with balcony, bathroom, and 2 bedrooms.
-Second floor: 2 further double bedrooms and additional storage.
-Could be reconfigured/let by the room as 5 HMO units.
-Rental Potential
If let by the room as a 7-bed HMO, with conservative rents of £90–£100 per week per room, the property could generate a gross annual income in the region of £32,760 – £36,400.
This represents a significantly higher yield compared with single-tenancy lets.
Location
Occupying a prominent corner position on Queen Street, close to the centre of Withernsea, the property benefits from easy access to local shops, amenities, schools, and the seafront. Withernsea offers steady rental demand from both local tenants and seasonal workers.
Summary
-Two self-contained flats on one freehold title.
-Combined internal area of approx. 173 sq m (1,865 sq ft).
-Excellent scope to operate as a 7-bed HMO.
-Potential gross rental income in excess of £3,000pcm when fully occupied.
-Attractive long-term buy-to-let or HMO conversion project.
EPC Ratings: Available in the legal pack.Tenure: FreeholdEPC Rating: CAdministration Fee: £3600 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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.
Withernsea, East Riding of Yorkshire HU19 2AF - Streetview
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