Summary - Flat 3, 1 Valley Road, SCARBOROUGH YO11 2LY
19 bed 11 bath Block of Apartments
**Standout Features:**
- Freehold block of 11 self-contained flats
- Current gross income of approximately £72,260 PA
- Mix of 6 two-bedroom, 4 one-bedroom, and 1 three-bedroom flats
- Extensive gardens to the rear
- Historic Victorian architecture
- Desirable location near South Bay
**Notable Concerns:**
- High local crime rate
- Average broadband speeds
- Located in an area classified as "very deprived"
This impressive Victorian block in Scarborough presents a lucrative investment opportunity. With 11 self-contained flats generating a robust annual income of around £72,260, the property features a blend of one, two, and three-bedroom units, all fully let on Assured Shorthold Tenancies. The building retains its historic charm and offers extensive gardens, ideal for tenant enjoyment and enhancing overall property appeal.
While the local area is classified as "very deprived" and has a high crime rate, the property’s strategic location close to the picturesque South Bay and local amenities makes it a compelling choice for savvy investors. Additionally, this freehold opportunity offers flexibility for future renovations or expansions, allowing for further value enhancement. With increasing demand for rental properties in the area, this investment won't last long—don’t miss the chance to secure a prime asset in Scarborough!
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