5-bedroom flat · YO11 2LJ
Listing removedListed 211 days
Opportunity summary
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About
A substantial period property arranged as three self contained flats, situated on the popular Grosvenor Crescent in Scarborough.
The property is arranged over three floors and is currently fully occupied, offering an established rental income.
The accommodation comprises a ground floor one bedroom flat with an additional occasional room, and two further two bedroom flats on the first and top floors.
Property Information Ground Floor: Flat 1 EPC: D One bedroom, occasional room, living room, kitchen and bathroom. Currently let at £500 pcm.
First Floor: Flat 2 EPC: C Two bedrooms, living room, kitchen and bathroom. Currently let at £507 pcm. Top Floor: Flat 3 EPC: D Two bedrooms, living room, kitchen and bathroom.
Currently let at £425 pcm. The property currently generates a combined rental income of £17,184 per annum.
Grosvenor Crescent is a well established residential location within easy reach of Scarborough town centre, local amenities and transport links.
** Flat 1 ** Living Room (4.48 x 4.91 (14'8" x 16'1")) Kitchen (4.49 x 2.08 (14'8" x 6'9")) Bedroom (4.35 x 3.64 (14'3" x 11'11")) Bathroom (1.45 x 2.49 (4'9" x 8'2")) Occasional Room (2.80 x 2.03 (9'2" x 6'7")) ** Flat 2 ** Living Room (4.55 x 3.95 (14'11" x 12'11")) Kitchen (3.53 x 2.71 (11'6" x 8'10")) Bedroom (4.49 x 3.47 (14'8" x 11'4")) Bedroom (3.23 x 2.49 (10'7" x 8'2")) Bathroom (1.97 x 1.72 (6'5" x 5'7")) ** Flat 3 ** Living Room (4.55 x 3.92 (14'11" x 12'10")) Kitchen (3.10 x 2.98 (10'2" x 9'9")) Bedroom (4.50 x 3.55 (14'9" x 11'7")) Bedroom (4.41 x 2.43 (14'5" x 7'11")) Bathroom (3.59 x 1.60 (11'9" x 5'2")) Tenure We believe all three flats are freehold with a deed of covenant in place.
The basement flat is separately owned and is not included within the sale. ** Please note all matters of tenure are subject to verification and clarification in a contract of sale **
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 Flat 1, 2 & 3, 10, Grosvenor Crescent, Scarborough
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