2-bedroom flat · YO12 6UG
For saleListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
+++Liam Darrell Estate Agents are delighted to present to the market this TWO BEDROOM GROUND FLOOR APARTMENT, available on a 70% shared ownership basis through the Joseph Rowntree Housing Trust for those aged 55 or over.
Occupying a highly sought-after position within the popular Newby area of Scarborough, this retirement property offers comfortable, low-maintenance living with a wealth of amenities just a short walk away and is offered to the market with NO ONWARD CHAIN.+++ The accommodation briefly comprises a welcoming entrance hallway leading into a bright and spacious rear-facing lounge, which opens through double doors into the fitted kitchen featuring a range of attractive wall/base units.
There are two well-proportioned bedrooms, providing flexibility for guests, hobbies or a home office, together with a adapted bathroom suite.
Externally, residents enjoy attractive communal gardens together with communal parking, providing a pleasant and peaceful environment to relax and socialise.
The property occupies an enviable position within the ever-popular North Side suburb of Newby, ideally placed for everyday convenience with a fantastic range of amenities close at hand including Proudfoots Supermarket, a doctor's surgery, pharmacy, library, bank, public house, restaurant and regular public transport links into Scarborough town centre and the surrounding areas.
Early internal viewing is highly recommended and can be arranged via our friendly team at Liam Darrell Estate Agents.
Tenure: We have been advised that the property is Leasehold and that there is a current maintenance agreement in place of approximately £105 per calendar month which includes building insurance.
The property is owned on a shared ownership basis with the Vendor(s) owning a 70% share of the property, Joseph Rowntree Housing Trust own the remaining 30%.
We feel this opportunity presents an affordable opportunity to enjoy secure, independent living within one of Scarborough's most desirable residential locations.
Please note, this property can only be purchased by those over the age of 55.
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 IAmProperty/Movebutler. 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
Agent & docs

FAQ
About Danes Dyke, Scalby, Scarborough, North Yorkshire
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