2-bedroom house · TS13 5BY
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hope & Braim are delighted to present Lifeboat Cottage, an historic fisherman's cottage and former boathouse on Northside in Staithes, offering characterful accommodation, a large workshop and garage, and the rare benefit of parking.
The cottage is full of period character, with exposed stone walls and beamed ceilings, and is currently run as an established holiday let. At ground level are the garage and a large workshop.
External steps lead up to the front door, which opens onto the first floor.
Here, the open plan living room and kitchen/diner forms a sociable and welcoming space, ideal for relaxing after a day on the coast.
The bathroom, fitted with a three-piece suite, is also on this floor.
Within the roof space are two connecting bedrooms, each with a dormer window and striking cruck frame beams that give these rooms real charm.
Outside, the terrace enjoys pleasant views over the beck and harbour and provides a lovely spot for morning coffee or an evening drink.
The workshop and garage provide excellent storage for bikes, kayaks or fishing equipment, and parking is a real asset in Staithes.
There is also potential to convert the workshop into a third bedroom with en-suite, subject to permissions, which would add additional flexibility and appeal.
Staithes is a picturesque coastal village with a harbour, a small beach and a long fishing and artistic heritage, along with pubs, cafés and galleries.
The Cleveland Way runs through the village, and Whitby lies a short drive along the coast, while the North York Moors are close by.
Lifeboat Cottage would suit buyers looking to continue its use as a holiday let, as well as those seeking a second home or a permanent base by the sea.
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 Lifeboat Cottage, 3 Northside, Saltburn-by-the-Sea
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