2-bedroom flat · YO12 5SD
Listing removedReduced £10k (−5.6%) on 20 JunListed 247 days
Opportunity summary
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About
Two bed first floor new build apartment * Ideal Holiday Home/Rental Excellent R.O.I Year 1 Estimate £22,612 - £27,637 (11.3% - 13.8%) Year 2 Estimate - £24,194 - £29,571 (12.0% - 14.7%) Year 3 Estimate - £25,162 - £30,753 (12.5% - 15.3%) * New Build 10 Year labc Warranty * Lift Facility and Off Street Parking Available This modern, luxury development of ten high specification apartments is well located within the popular Newby area of Scarborough, well placed centrally to a wealth of amenities nearby.
Apartment four is a two bedroom first floor apartment and provides open plan kitchen/lounge/diner with patio doors to a Juliette balcony, two bedrooms and modern house bathroom.
The block itself benefits from lift and stairs to all floors providing easy level access, secure video secure entry/intercom system and externally provides off-street parking spaces with BS1363 electric charging and a communal bin store.
Ideally suited to a range of buyers most notably as a second property or ideally suited to someone looking to downsize/retirement as the development provides easy level access to a wealth of amenities including regular transport links into Scarborough and to Whitby.
Public house/restaurants, 'Proudfoots' supermarket, library, doctors surgery, 24hr garage, tennis courts/bowling club and Scarborough Rugby Club.
The property is situated on the edge of the North Yorkshire Moors National Park and excellent walking nearby as well as being only a short walk to the prestigious village of Scalby.
EPC Rating: B Entrance Hallway Dimensions: 3.8m max x 2.5m max (12'5" max x 8'2" max). Lounge/Diner Dimensions: 5.7m x 2.8m (18'8" x 9'2"). Kitchen Dimensions: 3.5m x 3.1m max (11'5" x 10'2" max).
Bedroom One Dimensions: 3.2m x 2.6m max (10'5" x 8'6" max). Bedroom Two Dimensions: 2.9m x 2.7m max (9'6" x 8'10" max). Bathroom Dimensions: 2.7m max x 2.5m (8'10" max x 8'2").
Details Prepared Tlpf/120822 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.
Value & comps
No previous sales on record.
Returns
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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.
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About Apt 4, Scalby View Apartments, Scarborough
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