2-bedroom flat · YO12 6LY
For saleListed 224 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Andrew Cowen Estate Agents are pleased to present to the market this well-maintained PURPOSE BUILT, SECOND FLOOR LEASEHOLD APARTMENT benefitting from AN ALLOCATED CAR PARKING SPACE and a convenient location to local amenities and public transport links, offered with vacant possession, this property would make an ideal purchase for a first-time buyer, second-home owner, or those looking to downsize.
The property is well positioned for easy access to Peasholm Park, the North Bay beach and a variety of popular attractions found on Scarborough’s sought-after North side.
The property comprises; an entrance hall with storage, spacious lounge/dining area with adjoining fitted kitchen with a range of wall and base units and integrated oven and hob, two bedrooms and a three-piece family bathroom with overhead shower.
The property is neutrally decorated and benefits from UPVC double glazing and electric heating.
Situated in a popular residential area to the north of Scarborough, the property falls within a good school catchment area and is located approximately half a mile from North Bay Beach and the Sea Life Centre.
Nearby attractions also include Peasholm Park, the Open-Air Theatre, Alpamare Water Park, and Scarborough North Cliff Golf Club, making this an excellent location to enjoy all that Scarborough has to offer.
Maintenance fees for 2025 £836.63/pa Ground rent £50.00/pa Leasehold with a share of freehold Holiday lets not permitted. Contact one of our friendly Sales Team today to book a viewing .
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
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FAQ
About North Leas Avenue, Scarborough
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