Summary -
Flat 1,40 Albemarle Crescent,SCARBOROUGH,YO11 1XX
YO11 1XX
6 bed 5 bath Block of Apartments
Turnkey rental returns with immediate income and refurbishment upside.
Five self-contained flats across a Victorian terrace
A five-flat portfolio arranged over a mid-Victorian terraced townhouse on Albemarle Crescent, offered freehold and let to long-term tenants. The block currently produces a reported annual gross income of £27,360, giving an approximate gross yield of about 9.5% at the asking price of £289,000 — attractive on paper for a buy-to-let investor.
The building retains period features externally and offers 6 bedrooms across five self-contained flats (1 x 2-bed, 4 x 1-bed). Interiors are described as dated in places and the property is likely to benefit from refurbishment to maximise rents and capital value. No photographs, EPC or floorplans are available in the listing and an inspection is strongly recommended.
Material risks are factual: the area is classified as very deprived with very high local crime rates, and on-street frontage suggests limited or no private garden. Tenants are in situ which secures immediate income but may limit vacant possession options. A buyer’s premium applies on purchase — factor this into overall acquisition costs.
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