Modern Method of Auction
Auction date not yet published
1-bedroom flat · YO11 2RP
For saleReduced £10k (−20%) on 24 SepListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer this well presented leasehold studio basement flat, ideally positioned in the highly sought after South Cliff area.
This properties standout feature is the lounge, boasting attractive bay windows that flood the space with natural light and create a welcoming and airy atmosphere.
The property includes a comfortable occasional room (currently used as a bedroom), thoughtfully arranged to maximise both space and privacy.
The fitted kitchen provides ample storage and workspace, making it perfect for preparing meals and entertaining guests. The bathroom is modern and functional.
With its well-planned layout and tasteful finishes throughout, this flat combines comfort and practicality in equal measure.
Located within easy reach of local amenities, shops and transport links, this appealing studio flat offers an enviable lifestyle in one of the area’s most desirable neighbourhoods.
Early viewing is highly recommended to fully appreciate all that this impressive property has to offer.
Auction This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Services are optional.
Hallway (5.6m x 2.1m) Kitchen (3.8m x 2.1m) Lounge (4.8m x 2.6m) Occasional Room (Currently Used As Bedroom) (3.2m x 2.6m) Bathroom (2.1m x 1.9m) Tenure/Maintenance We have been advised by the owner that the property is leasehold with 962 years remaining and that there is a maintenance agreement in place at a cost of £189 per month with Watson - Leeds management.
There is also a ground rent charge of £50 per year. The vendor is not aware of any restrictions.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Basement Flat, 1 Princess Royal Terrace, Scarborough, Scarborough
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