Ready-made income with 24 ensuite rooms and wardens flat near Scarborough amenities.
- 24 bedrooms, each with ensuite
- Freehold, five floors, ~7,083 sq ft
- Self-contained wardens flat with private access
- Grade II listed — consent and repair constraints
- Sold with occupants in situ — immediate income
- Solid brick walls; likely no cavity insulation
- Council tax band G; running costs comparatively high
- Above-average local crime and high area deprivation
A substantial five-storey Victorian terraced property configured as a 24-bedroom house in multiple occupation, each room with an ensuite and a self-contained wardens flat with private access. The freehold building totals about 7,083 sq ft and benefits from double glazing and mains gas central heating. Its layout and existing occupants offer immediate rental income and strong HMO/student-let potential in central Scarborough close to shops, transport links and the beach.
This is a Grade II listed building: desirable for character but likely to limit external and internal alterations and to increase repair and consent costs. The solid brick walls and assumed lack of insulation mean thermal improvements will be constrained and potentially costly. Parts of the building will need ongoing maintenance and sympathetic renovation to meet modern standards and licensing requirements.
Planning history shows permissions and variations relating to hotel-to-student accommodation and bespoke occupancy conditions; these provide a planning precedent for shared occupancy but any change of use or significant work will need listed-building and planning approvals. The property is sold with occupants in situ, so buyers should expect an immediate income stream but also tenant-management responsibilities and existing tenancy arrangements to review.
This suited investor should weigh reliable, high-yield cashflow against higher running costs: council tax band G, above-average local crime rates and an area with high deprivation indices. For a buyer prepared to manage a large HMO and invest in Listed-building maintenance and energy upgrades, this offers substantial scale and an established operational layout in a coastal town location.
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