2-bedroom flat · YO21 1QE
Listing removedListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Scoresby's is a spacious second floor apartment located in Prospect Villa, a short distance from the town centre including the beach, harbour and a wide range of restaurants and bars.
Currently a successful holiday let, the apartment is competitively priced in the market to attract early interest and would be a great investment property, particularly as there is a parking space, a god send in Whitby, or a first time buyer property for those looking to get on the property ladder.
Approached from the front, a communal entrance door provides access to the hallway where stairs rise to the second floors leading to the entrance door of the property.
On opening the front door, we enter... Entrance Lobby: with internal doors to the living room and to both bedrooms.
Living Room & Kitchen: An open plan kitchen, living and dining area with a wide, bay window facing to the front, a traditional fireplace with ornate surround and fitted cupboard within which is situated the Viessmann gas central heating boiler.
Also sharing this space is the kitchen area which has a range of cabinets with a tiled splashback, inset stainless steel sink unit and positions for an automatic dishwasher, fridge and oven.
There is a stainless steel extractor hood over the oven. To the corner of the room is an inner lobby which in turn leads to the....
Shower Room: This space is fitted with a white suite and features a walk-in corner shower with a Triton electric shower unit, WC and basin, with heated towel rail and extractor fan.
Off the main entrance hall is: Double Bedroom: The spacious double bedroom has a window to the rear with view to Whitby Abbey Single Bedroom: To the front, currently with bunk beds in situ.
Outside Directly outside is a designated middle parking space GENERAL REMARKS AND STIPULATIONS Viewing: Viewings by appointment.
All interested parties should discuss any specific issues that might affect their interest, with the agent's office prior to making an appointment to view this property.
Directions: From our offices, head back out of town along Bagdale turning left at the roundabout and head up the hill past Hanover Terrace.
As the road levels out and you approach the traffic lights you will find Prospect Villa on your left hand side. See also location plan. Tenure: Leasehold. The lease is for 999 years from 2019.
Service charge for 2026 is £1,056 per annum This figure includes buildings insurance. Commercial holiday letting is allowed under the terms of the lease.
Services: The property is connected to mains water, gas, electricity and drainage. Heating and hot water is provided via a combi style boiler located in a cupboard in the lounge kitchen.
Local Taxation: The property is business rated with a ratable value of £2,600 per annum. Due to small business rates reliefs, nothing is currently paid. North Yorkshire Council Tel .
Post Code: YO21 1QE
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.
Area
Agent & docs
FAQ
About Flat 3, 13 Prospect Hill, Whitby, North Yorkshire, YO21 1QE
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