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See how verdicts workStudio flat · YO11 2JD
Sold STCListed 278 days
Opportunity summary
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About
+++Investment Opportunity: Block of Six Self-Contained Apartments in need of complete refurbishment in Central Scarborough...
Discover an unparalleled investment prospect with this block of six self-contained apartments, strategically positioned near Scarborough Town Centre and the ever-popular North Bay Beach.
Comprising one spacious two-bedroom apartment and five well-appointed one-bedroom/studio apartments, this property offers significant rental potential (once refurbishment is complete) in a highly sought-after coastal locale.+++ Prime Location & Accessibility: Ideally situated within easy reach of Scarborough's diverse amenities, including vibrant shops, delightful eateries, the main promenade, essential post office services, and excellent transport links, this property is perfectly suited for both long-term residents and holidaymakers alike.
The convenience of its location enhances its appeal, ensuring high occupancy rates and strong rental yields once refurbishment is complete.
Accommodation Details: - Basement Level: A self-contained studio apartment featuring a separate kitchen/diner, accessible via its own private entrance, offering privacy and independence for tenants.
- Ground Floor: A communal entrance hall provides access to all floors, fostering a sense of community while maintaining individual privacy.
The ground floor includes a bay-fronted one-bedroom apartment with a private entrance porch, separate WC, and additional storage space.
A further studio apartment, also with its own private entrance, adds to the ground floor's appeal.
- First Floor: Two individually designed one-bedroom apartments, each offering comfortable living spaces and modern amenities.
- Second Floor: A generously proportioned two-bedroom apartment providing spacious accommodation, perfect for attracting families or tenants seeking more room.
External Features: The property benefits from a low-maintenance outdoor area, providing an attractive space for residents to enjoy without the burden of extensive upkeep.
Additionally, a garage offers valuable storage space or potential parking, adding to the property's overall appeal and functionality.
Investment Highlights: - Strong Rental Potential: The mix of apartment sizes caters to a wide range of tenants, ensuring consistent occupancy and attractive rental income.
- Prime Location: Close proximity to Scarborough’s key attractions and amenities enhances the property’s desirability. This is a rare opportunity to acquire a full apartment block in a prime location.
Early viewing is highly recommended to fully appreciate the scope and income potential of this exceptional investment.
Don’t miss out on the chance to secure an ideal investment opportunity in the heart of Scarborough, contact Liam Darrell Estate Agents for further information or to arrange an internal viewing.
Council Tax: We have been advised that all apartments have been banded 'A' by North Yorkshire Council*. EPC'S: Ranging from Grade D to C for each apartment in the block*.
Tenure/Disclaimer: We do advise that all matters subject to the tenure, restrictions and particulars be subject to clarification via a Solicitor at the time of purchase.
This is a general description of the property only, and is not intended to constitute part of an offer or contract.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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
About Westwood, Scarborough, North Yorkshire
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