Block of Apartments

Colescliffe Road, Scarborough YO126SA

Size: sqm

Purchase price

£140,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £10,056
Lettings fees £845
Net income £9,211
Gross yield 7.18%
Net yield 6.58%

Yieldit are pleased to offer onto the market this increasable investment opportunity. A freehold house converted into two self contained flats both with separate entrances. Downstairs flat briefly comprising of living room, good sized bedroom, shower room and kitchen. Upstairs flat briefly comprises of hallway, living room, kitchen, staircase leading to Two bedrooms and a bathroom.

Scarborough harbour and marina have recently undergone major regeneration including the new Albert Strange Pontoons, a more pedestrian-friendly promenade, street lighting and seating. The recent improvements to the inner harbour with the installation of pontoons to accommodate 60 permanent berths have transformed the Sandside area.

The price growth in Scarborough is higher than the national average, with the 2 year growth at 1.1 times the national average. Compared to other areas, YO12 is a relatively inexpensive area, with an average price -52.8% lower than the national average. The average house price in Scarborough, YO12 is £172,355 and the average rent is £916.

**EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY!** FREEHOLD**HOUSE CONVERTED INTO TWO FLATS**

Interested in this property? Enquire today for more information

Key features

Key features

EXCELLENT INVESTMENT OPPERTUNITY

Key features

EARN INSTANT INCOME

Key features

HOUSE CONVERTED INTO TWO FLATS

Key features

EXCELLENT LOCAL AMENITIES

Key features

NET YIELD 6.41%

Key features

BOTH FLATS HAVE THEIR OWN ENTRANCE

Key features

Freehold

**EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY!** FREEHOLD**HOUSE CONVERTED INTO TWO FLATS** More info...

Yieldit are pleased to offer onto the market this increasable investment opportunity. A freehold house converted into two self contained flats both with separate entrances. Downstairs flat briefly comprising of living room, good sized bedroom, shower room and kitchen. Upstairs flat briefly comprises of hallway, living room, kitchen, staircase leading to Two bedrooms and a bathroom.

Scarborough harbour and marina have recently undergone major regeneration including the new Albert Strange Pontoons, a more pedestrian-friendly promenade, street lighting and seating. The recent improvements to the inner harbour with the installation of pontoons to accommodate 60 permanent berths have transformed the Sandside area.

The price growth in Scarborough is higher than the national average, with the 2 year growth at 1.1 times the national average. Compared to other areas, YO12 is a relatively inexpensive area, with an average price -52.8% lower than the national average. The average house price in Scarborough, YO12 is £172,355 and the average rent is £916.

  • Key features
    Tick Desktop EXCELLENT INVESTMENT OPPERTUNITY
    Tick Desktop EARN INSTANT INCOME
    Tick Desktop HOUSE CONVERTED INTO TWO FLATS
    Tick Desktop EXCELLENT LOCAL AMENITIES
    Tick Desktop NET YIELD 6.41%
    Tick Desktop BOTH FLATS HAVE THEIR OWN ENTRANCE
    Key features

    Freehold

  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £10,056
Lettings fees £845
Net income £9,211
Gross yield 7.18%
Net yield 6.58%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.