Summary - Flat 14, 3, Upgang Lane YO21 3DT
2 bed 2 bath Apartment
Ready-made rental close to beach, town and local amenities.
Lower-ground two-bedroom flat with private external entrance
This two-bedroom lower-ground flat in Whitby offers a ready-made buy-to-let with immediate income. Located close to the town centre, leisure centre, schools and West Cliff, the property benefits from large sash windows, high ceilings and original Georgian/Victorian features that make the rooms feel spacious and bright. The flat has its own external entrance via steps and an enclosed rear flagged patio.
Sold with a tenant in situ paying £795 pcm (not permitted as a holiday let), the property produces steady rental income and would suit an investor seeking near-term cashflow. At the asking price of £160,000 the gross rental return is around 6% per year. The flat is leasehold and occupies part of a mid-terrace building constructed before 1900.
Practical considerations include electric boiler and radiator heating (no communal fuel), assumed uninsulated solid sandstone/limestone walls and double glazing of unknown install date — upgrades could improve comfort and running costs. The property sits in an area classified as deprived and intended for communal retirement use, and council tax band is not provided. No flood risk is recorded.
Overall this is an investment-focused opportunity: strong period character and good location deliver tenant appeal now, while modest renovation and insulation work would increase long-term value and reduce tenant bills. The external steps and lower-ground position may limit some occupiers, so factor this into tenant targeting and management planning.
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