Summary - Basement Flat, 45, Esplanade Road YO11 2AT
3 bed 1 bath Apartment
Ready-made rental with long lease, immediate income and uplift potential.
Tenant in situ with new 12‑month tenancy generating £9,000 pa
Approx. 1,003 sq ft; large bay-front living room and three bedrooms
Long lease: 983 years remaining provides secure tenure
EPC C and mains gas central heating (boiler and radiators)
Private outdoor seating area plus communal garden
Service charge £1,486 pa; ground rent £125 pa
Basement flat with limited natural light; needs some modernisation
Local crime rate above average — consider tenant screening
This basement apartment is offered as a ready-made buy-to-let with a tenant in situ and a new 12‑month tenancy, producing £9,000 pa (approx. 9% gross yield at the asking price). The flat sits in a Victorian building on Esplanade Road and benefits from a very long lease (983 years), mains gas central heating and an EPC rating of C.
Accommodation includes a large bay-front living room, three bedrooms, separate WC and a bathroom, plus a private outdoor seating area and communal garden. The generous total floor area (approx. 1,003 sq ft) gives scope to reconfigure or modernise to increase rental value or attract different tenant profiles.
Running costs are modest overall but include a service charge (£1,486 pa) and ground rent (£125 pa). The property is a basement flat, so natural light is limited compared with above-ground apartments and some internal modernisation is desirable to maximise returns. Note the local crime rate is above average—important for investor due diligence and prospective tenant screening.
This is a straightforward purchase for a landlord seeking immediate income with low entry price and long lease security. Practical improvements and cosmetic updating could boost rents and capital value in a popular South Scarborough location close to local amenities and transport links.
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