Summary - VICTORIA APARTMENTS, 3, DIAMOND STREET TS12 1EB
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold Grade II listed building
- Central Saltburn location
- Five self-contained apartments (2 one-bedroom, 3 two-bedroom)
- Historic Victorian architecture with high ceilings and feature windows
- Successful rental history with minimum estimated rental yield of £3,550 per month
- Chain free
**Concerns:**
- Listed status may impact renovation flexibility
- High crime rate in the area
- Potential maintenance costs due to age and condition
This exceptional freehold Grade II listed property in the heart of Saltburn-By-The-Sea presents a rare investment opportunity, comprised of five self-contained apartments. Each unit captures the charm of Victorian architecture with high ceilings and period features, providing both comfortable living spaces and potential for continued lucrative rentals. The building has a strong history of occupancy, generating an estimated minimum rental income of £3,550 per month.
Located in a vibrant seaside community, residents enjoy easy access to a wealth of amenities, including shops, dining, and recreational options. While the listed status offers unique character, it may present challenges for extensive renovations. The high local crime rate is a consideration for prospective buyers, but the property's value lies in its historical significance and income potential, perfect for investors looking to delve into the rental market or families eager to live in a coastal town. Act fast—properties like this don’t stay on the market for long!
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