Auction
Auction date passed
This lot went to auction on 28 September 2026 (29 days ago) but remains listed. It was still on the portal 1 day ago. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
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See how verdicts work9-bedroom terraced house · YO12 7HZ
For saleListed 49 daysAuction 28 Sep · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity to acquire The Argo, a substantial former guesthouse occupying a prime position on North Marine Road, Scarborough, for sale with no onward chain via Traditional Auction.
Set over four floors, the property offers generous and versatile accommodation comprising 8/9 bedrooms, 2/3 reception rooms and 7 bathrooms.
Having previously operated as a guesthouse, the property offers an excellent foundation for those looking to create a substantial holiday home, luxury holiday let or boutique guest accommodation subject to the relevant permissions.
The property requires refurbishment throughout, offering the purchaser an excellent opportunity to transform and enhance the accommodation to suit their own requirements.
Alternatively, the generous proportions and versatile accommodation could lend themselves to a superb private residence or other use, subject to any necessary planning permissions and consents.
Viewing is highly recommended to fully appreciate the size, position and potential of this unique property. A virtual tour is also available.
Location Peasholm Park is close by, as is the renowned Scarborough Open Air Theatre, which attracts visitors throughout the summer months.
North Bay beach is also within easy reach, providing access to the beautiful coastline and traditional seaside attractions for which Scarborough is renowned.
Scarborough town centre is just a short walk away, offering a wide selection of shops, restaurants, cafés, bars and everyday amenities, whilst the property's position provides an excellent base from which to explore the wider Yorkshire coast.
To the rear, the property enjoys views towards the cricket ground, providing an attractive outlook and an additional feature that enhances its appeal.
Scarborough remains one of Yorkshire's best-known seaside resorts, attracting visitors throughout the year with its beaches, attractions, entertainment and extensive coastline.
The Argo's location places it within easy reach of several of the resort's key visitor attractions, making it particularly well suited to buyers looking to capitalise on the holiday and short-term accommodation market.
Accommodation Ground Floor Entrance Hall, Living Room, Dining Room, Kitchen, Sitting Room, Rear Hall, Bathroom.
First Floor Landing, Three bedrooms (two en-suite), WC Second Floor Landing, Three bedrooms (two en-suite). Third Floor Landing, Two bedrooms (one en-suite) Bathroom, WC EPC Current rating TBC.
Services The property is connected to mains gas, water, drainage, and electricity; however, these services have not been tested. Tenure We understand the property to be Freehold.
Council Tax Council tax is payable to East Riding of Yorkshire Council and is in Band D .
Viewings Strictly by appointment with Auction House on or the joint agents Reeds Rains on Joint Agents Reeds Rains, 16 Aberdeen Walk, Scarborough, YO11 1XP.
Tel: Solicitor Jepson Longstaff Midgley Solicitors LLP Wesley House, 1 Lora Courtyard, Wykeham, Scarborough, YO13 9QP Tel: Method of Sale The property will be offered for sale by online Traditional Auction with bidding commencing at 12 noon on Monday 28th September 2026 and closing on Wednesday 30th September 2026 at 1.00pm.
For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Additional Fees The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT), and a buyer's premium of £1,800 (£1,500 plus VAT) in addition to the purchase price of the property.
Guide Price Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures that a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements Please see the legal pack for any listed disbursements that may become payable by the purchaser upon completion. Construction materials used: Solid brick.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
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