House · YO12 7TN
Listing removedListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a charming beach chalet situated in the highly sought after North Bay Beach Chalet development.
Enjoying an enviable position directly on the seafront, this colourful chalet benefits from stunning panoramic views across the bay and provides an ideal coastal retreat for day use, relaxation and entertaining.
Description The accommodation is bright and welcoming, featuring a charming timber clad interior with fitted storage cupboards, worktops and a kitchenette area with sink.
Double opening doors maximise natural light and create a seamless connection between the chalet and the seafront, allowing owners to enjoy the outstanding coastal outlook throughout the day.
The chalet benefits from a electricity connection, providing power for lighting and appliances, enhancing comfort and practicality.
In addition to being an ideal personal seaside retreat, the chalet may also appeal to purchasers seeking potential seasonal income through daily or weekly chalet hire, subject to any applicable lease and site regulations.
North Bay remains one of Scarborough's most popular destinations, with its beach, coastal walks, cafés and visitor attractions all within easy reach.
Tenure Leasehold, with the lease ending on 31 December 2114. Fees: £167 for the insurance, £60 ground rent, £285.79 for the service charge.
Please note all matters of tenure are subject to verification and clarification in a contract of sale
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 Beach Chalet 3, Penguin, North Bay Promenade, Scarborough
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