Bannister Street, Withernsea, HU19 2DT

yieldit are pleased to offer to the market this three bedroom terraced property offering excellent potential for investors, with two reception rooms, two bathrooms and a useful loft room providing additional flexible accommodation. The property also benefits from a small front garden and a rear yard which can be utilised for off road parking, adding further appeal for tenants. The layout and additional space provide scope for a strong rental proposition or potential refurbishment opportunity, subject to the necessary works and permissions.

Withernsea is a popular East Yorkshire coastal town offering a range of local amenities, shops, schools, leisure facilities and access to the seafront. The town has an established rental market and continues to attract investors seeking affordable property with potential for rental income and longer term capital growth.

Withernsea is identified by East Riding of Yorkshire Council as a key focus for regeneration, including improving the range and quality of housing. The wider Hull and East Yorkshire devolution deal also includes a £400 million long term investment fund, with funding allocated towards economic growth, housing, transport and coastal regeneration across the region. In addition, a new 40 home affordable housing development is being delivered in Withernsea, with the first homes expected from 2026. This ongoing investment, alongside the town's relatively affordable property values and coastal location, makes Withernsea an area of interest for investors looking for potential rental returns and longer term growth.

Financial Breakdown

Gross Rent: £9,000.00
Net income: £8,100.00
Gross yield: 7.2%
Net yield: 6.48%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-08613