Successful holiday-let with long lease and low service charge.
One-bedroom first-floor apartment, 452 sq ft
A well-presented one-bedroom first-floor apartment in the heart of Scarborough, currently operating successfully as a holiday let. The flat occupies 452 sq ft in a Victorian terraced building, with high ceilings, period mouldings and a fireplace that add character to the living space. It can be sold as seen with furnishings, offering immediate rental income or a ready-to-move-into bolt hole.
Practical details support investor appeal: a long lease (circa 164 years remaining), low annual service charge of about £750 (covers building insurance) and permissive rules for holiday lets and pets. The location is exceptionally convenient — town centre amenities, bus stops and Scarborough’s mainline train station are all within easy walking distance, helping strong short-term rental demand.
There are important local considerations to note. The area records very high crime and very high deprivation scores and is described as a transitional, cosmopolitan neighbourhood; buyers should factor this into lettings strategy and insurance. The apartment is leasehold, compact in size, and close to surrounding terraced properties, so privacy and parking are limited.
Overall this is a straightforward purchase for investors seeking an established holiday-let or first-time buyers wanting a central, characterful flat with low holding costs. An internal viewing is recommended to judge condition, layout and the town-centre setting for yourself.
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