5-bedroom house · YO11 2DF
For saleListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Alga Lodge, Alga Terrace, Scarborough A Rare and Significant Development Opportunity Offered to the market for the first time in over 60 years, Alga Lodge represents an exceptional and increasingly rare opportunity to acquire a substantial and highly prominent development site in one of Scarborough’s most attractive and sought-after locations.
Formerly comprising three substantial properties and now held under a single Land Registry title, the site extends to approximately 3,000+ sq ft and includes an existing building of over 6,600 sq ft, arranged across up to three floors.
The scale and configuration of the site provide a strong foundation for comprehensive redevelopment or repositioning.
Informal discussions with local planning officers have indicated potential support for redevelopment of up to five storeys (subject to the necessary consents), presenting a compelling opportunity to significantly enhance both the footprint and value of the site.
Positioned in a prominent setting on the desirable South Cliff, just moments from the Esplanade, the property benefits from immediate access to a wide range of amenities, leisure attractions and transport links.
The surrounding area is characterised by attractive architecture and a strong mix of residential, hospitality and tourism uses, further underlining the site’s versatility and long-term appeal.
The property is considered suitable (subject to planning permission) for a wide variety of future uses, including: Residential development (apartments or townhouses) Commercial uses such as retail, hospitality or leisure Creative and professional spaces including studios, galleries or wellness facilities Corporate or boutique head office accommodation Mixed-use schemes combining several of the above The site also benefits from rear vehicular access via a back lane with a private garage, enhancing its practicality for redevelopment and a private forecourt to the front (currently used for parking).
Alga Lodge currently stands in a condition requiring full refurbishment or redevelopment, offering purchasers a blank canvas to deliver a scheme tailored to their vision.
Previous guidance suggests that a contemporary design approach, sympathetic to the surrounding character, may be well received.
Sale Method This property is offered for sale by the Traditional Auction. Interested parties’ data will be shared with the Auctioneer, iamsold.
Viewing Viewing is strictly by appointment and is highly recommended to fully appreciate the scale, position and potential of this unique site.
Please note that access is at the viewer’s own risk, and neither the vendors nor their agents accept liability for any injury or accident on site.
Hobbies Room/Former Shop Frontage Dimensions: 13.87m x 6.68m (45'6" x 21'11"). Former Warehouse Dimensions: 13.87m x 8.28m (45'6" x 27'2").
Store/Former Shop Front Dimensions: 6.4 x 5.1 (20'11" x 16'8"). Rear Store Dimensions: 7.0 x 5.1 (22'11" x 16'8"). Landing With built in cupboard and stairs leading to the second floor landing.
Former Warehouse/Storage Space Dimensions: 14.1 x 8.0 (46'3" x 26'2"). Lounge Dimensions: 5.2 x 3.8 max (17'0" x 12'5" max). With two windows to the front.
Bedroom Dimensions: 4.7 x 3.0 (15'5" x 9'10"). With oriel window to the front. Through Bedroom Dimensions: 5.2 x 3.6 max (17'0" x 11'9" max). Two windows to the front.
Store Room Dimensions: 4.1 x 2.0 (13'5" x 6'6"). With window to the front. Utility Room Dimensions: 4.8 x 2.3 (15'8" x 7'6").
With door out to Roof Terrace and store room and stairs leading down to the rear lane. Landing With built in cupboard Bedroom Dimensions: 5.2 x 3.9 (17'0" x 12'9"). With window to the front.
Bedroom Dimensions: 3.5 x 2.4 (11'5" x 7'10"). With window to the front. Bedroom Dimensions: 4.7 x 3.1 (15'5" x 10'2"). With window to the rear. Bedroom Dimensions: 3.6 x 2.8 (11'9" x 9'2").
With window to the front. Bedroom Dimensions: 5.2 x 3.8 (17'0" x 12'5"). With window to the front. Kitchen Dimensions: 2.7 x 2.3 (8'10" x 7'6"). With window to the rear.
Bathroom Dimensions: 2.2 max x 1.8 max (7'2" max x 5'10" max ).
With window to the rear Outside The property does benefit from a frontage/forecourt which has currently being used by the current owners as private parking.
Details Prepared/Ref: Pf/250523 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 Landmark and Lifetime Legal. They charge a fee for this service. For further information, please contact our office.
Auction Information For sale by the Traditional Auction, meaning the buyer and seller are to Complete within 28 days. Interested parties personal data will be shared with the Auctioneer.
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided.
The winning bidder will pay £349.00 inc VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price inc VAT, subject to a minimum of £6,600.00.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Payment varies but will be no more than £450.00 these services are optional.
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
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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.
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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.
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About Residential - Alga Lodge, Alga Terrace, Scarborough
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