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See how verdicts work2-bedroom flat · YO12 7TN
For saleReduced £9k (−2.3%) on 28 AugListed 447 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the first floor of the award winning 'the sands' development, this two bedroom leasehold apartment is located on Scarborough's north bay beach and benefits from an on-site gym, a parking space, a private balcony and an en-suite to the master.
The property would make an ideal holiday let and is offered to the market fully furnished and with no onward chain.
'The Sands' is an exclusive, gated development which leads out straight onto Scarborough's North Bay and beach.
Also within the immediate area lies a variety of eateries, a convenience store and Peasholm Park.
Also within close proximity to the property lies 'Alpamare' waterpark and Scarborough's Open Air Theatre, making this an ideal holiday rental.
Currently utilised as a holiday let, the property generates a turnover of circa £39,000 per annum.
This stunning apartment comprises on the first floor of; entrance hall, a modern open plan lounge/kitchen/diner with double doors to a balcony which provides stunning Sea/Castle views, a master bedroom with a modern en-suite shower room, a double bedroom and a modern three-piece suite bathroom.
Within the development itself lies an on-site gymnasium and an off-street parking space. Internal viewing is truly a must to fully appreciate the space, setting and finish on offer.
Your viewing can be arrange via our friendly team in the office on or by visiting our website Tenure/Maintenance We have been informed by the vendor that the property is Leasehold with approximately 137 years remaining.
There is a current maintenance agreement in place with Benchmark Leisure Limited of approximately £1500 per annum plus a ground rent of approximately £250 per annum.
Council Tax Band The property is currently exempt from Council Tax as is being used as a holiday home.
Details Prepared/Ref: Pf/040825 Hmrc Disclaimer If you have an offer accepted on this property, we are obliged by hmrc to conduct mandatory Anti Money Laundering Checks.
We outsource these checks to our compliance partners at Landmark and Lifetime Legal. They charge a fee for this service. For further information, please contact our office.
Value & comps
No previous sales on record.
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 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
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FAQ
About 3 Kepwick House Peasholm Gap, Scarborough
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