Big renovation potential near the Esplanade for investor or developer buyers.
Two bedrooms and large 1,027 sq ft top-floor layout with high ceilings
This top-floor, two-bedroom flat on Prince of Wales Terrace is a substantial freehold opportunity in Scarborough’s South Cliff. At about 1,027 sq ft, the generous rooms and high Victorian ceilings give strong scope to create spacious, characterful accommodation or multiple-let layouts for rental income.
The property requires full renovation throughout — structural shell is solid brick but likely lacks insulation and the attic and internal rooms show signs of dereliction and possible damp. Heating is mains gas with a boiler and radiators; the EPC is D and the building predates 1900, so expect traditional repairs and essential modernisation (wiring, bathrooms, kitchen, insulation).
Location is a clear asset: a sought-after South Cliff position minutes from the Esplanade and local amenities, good broadband and excellent mobile signal. The immediate area shows higher crime and significant deprivation, which will influence tenant demand and rental levels; however the area attracts students, seaside visitors and nearby independent school catchment, offering diverse rental markets.
Priced at £90,000 and sold freehold, this flat suits developers, buy-to-let investors or an experienced renovator able to manage a full refurbishment. Factor in renovation costs, potential listing and compliance works, and a realistic timeline for achieving lettable condition or resale value.
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