Property · YO12 7BU
For saleReduced £15k (−7.5%) on 20 JunListed 418 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A portfolio of 2 flats located in Scarborough with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.
For investors looking for a rewarding investment, this is a brilliant opportunity! Flat 1 comprises two bedrooms, a spacious lounge, a modern three-piece bathroom, and a fully equipped kitchen.
The property also benefits from on-street parking and is currently tenanted.
Flat 2 offers two well-proportioned bedrooms, a modern three-piece bathroom, a spacious lounge, and a fully equipped kitchen with ample storage.
From the kitchen, doors open onto a raised decked area at the rear. Investment details The portfolio currently produces an annual gross income of £15,900.
Considering the purchase price and the potential rental income that could be earned in future years will make for a worthwhile addition to an investor's property portfolio.
For greater detail on this property's investment potential, please see the Let Property Pack linked below. If you are interested, please call us.
Let Property is committed to facilitating a smooth transaction process between buyer and seller.
To allow for maximum commitment to the sale from both parties, a Buyer's Premium will apply in order to secure a property.
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
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 advisors 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
Agent & docs
FAQ
About Flat 1 and Flat 2, Morgan Street, Scarborough
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