Summary - 17 ALBION ROAD SCARBOROUGH YO11 2BT
9 bed 9 bath Block of Apartments
**Standout Features:**
- Fully tenanted block with a mix of 3 studio apartments and 6 self-contained flats.
- Strong annual rental income of over £53,000 with potential for increase.
- Located in the desirable South Cliff area of Scarborough, close to amenities.
- Classic Victorian architecture with bay windows and high ceilings.
- Freehold tenure provides long-term security and flexibility for renovations.
**Potential Concerns:**
- Property may require maintenance and updates to modernize certain elements.
- Broadband speeds are slow; suitable for basic usage but may not accommodate high-demand needs.
- The local area has above-average crime rates; buyers should undertake further research.
This impressive nine-bedroom block of apartments on Albion Road presents an exceptional investment opportunity in a vibrant community. Currently achieving an impressive rental yield, this property consists of a mixture of spacious flats and studios, all with attractive original features like bay windows and tall ceilings that capture the character of a classic Victorian terrace. Whether you're an investor looking to expand your portfolio or a first-time buyer exploring income-generating options, this building offers valuable rental prospects, complemented by its prime location just moments away from local amenities and public transport.
While the property is functional and tenanted, buyers should be aware of its need for some modernization and potential maintenance. Its location in a city setting provides convenience, though potential buyers should note the area’s crime statistics. However, the combination of a solid income stream and the potential for future value appreciation makes this property a remarkable opportunity not to be missed. Act quickly—properties of this caliber do not stay on the market long!
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