Key Investment Highlights
- Immediate income stream – £800 per calendar month rental income
- Freehold tenure – no ground rent or service charges
- Established tenant in situ – no void period upon purchase
- Low-maintenance property – keeps ongoing costs to a minimum
- Prime location – strong rental demand close to the seafront and town centre
- Comparable property sales within a ¼ mile radius – CLICK HERE
Property Overview
This attractive two-bedroom semi-detached bungalow offers a ready-made investment with excellent returns. Situated in a peaceful, well-connected part of Bridlington, the property combines modern interiors with low-maintenance outdoor space—perfect for long-term rental success.
The layout includes:
- A bright living room with generous natural light
- A modern fitted kitchen
- Two double bedrooms with neutral décor
- A main shower room
- A versatile sunroom/study with its own additional shower room – ideal as a guest suite, home office or potential third bedroom
- A private patio garden requiring minimal upkeep
Location Advantages
- Shops & Services: A short walk to Bridlington town centre and local amenities
- Transport Links: Convenient for Bridlington Train Station and key road routes
- Lifestyle Appeal: Close to the seafront, beaches, leisure facilities and healthcare services – all factors that drive rental demand
- Future Growth: Bridlington and the East Yorkshire coastline are benefitting from ongoing regeneration and increased popularity with retirees and remote workers
Financial Snapshot
- Purchase Price: £165,000
- Current Rent: £800 per calendar month (£9,600 per year)
- Gross Yield: Approx. 5.8%
With scope for gradual rent increases in line with market trends, this property offers solid returns and capital growth potential.
Why This Property is a Strong Investment
- Turnkey income – tenant already in place producing immediate cash flow
- Desirable location ensures ongoing demand from retirees, downsizers and professionals
- Low maintenance interior and garden reduce repair and void costs
- Flexible layout with two bathrooms makes it attractive to a wider tenant base, including sharers or visiting family
- Freehold ownership adds long-term security with no hidden costs
Long-Term Potential
Bridlington’s popularity as a coastal destination is growing. The mix of affordable property prices, improving infrastructure and lifestyle appeal is fuelling rental demand and upward pressure on prices. This property sits in an area where capital appreciation prospects are healthy over the next 5–10 years.
Summary
9 North Leas Drive is a turnkey investment opportunity with an established income stream, low maintenance costs and strong tenant demand. Investors gain both immediate rental returns and the potential for capital growth in a rising coastal market.
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