Summary - Flat 3, 55, Esplanade Road YO11 2AT
2 bed 1 bath Apartment
Ready-made income near South Bay beach—ideal for hands-on landlords..
Two-bedroom first-floor apartment, approx. 918 sq ft
Sold with tenants in situ — immediate rental income (6.80% yield quoted)
Short walk to South Bay beach, shops and transport links
Generous lounge with dining area; separate kitchen and large bedrooms
Victorian character: high ceilings and bay window
Solid brick walls and secondary glazing — likely need insulation work
Leasehold tenure; confirm lease length and tenant terms before purchase
Service/ground charges unclear — verify actual amounts and liabilities
This two-bedroom first-floor apartment in Scarborough offers immediate rental income with tenants in situ and a quoted 6.80% yield. The property is well-located a short walk from South Bay beach, local shops and transport links, making it consistently easy to let to a range of tenant profiles.
Inside, a generous lounge with dining area, separate kitchen and two spacious bedrooms provide comfortable living space across approximately 918 sq ft. Period features such as high ceilings and a bay window offer character and scope to enhance the apartment’s appeal through cosmetic refurbishment.
The building is Victorian (pre-1900) with solid brick walls and secondary glazing; buyers should budget for energy improvements (insulation and modernisation of services may be needed). The tenure is leasehold and the property is sold with tenants in situ—useful for investors but limiting for immediate personal occupation.
Service and ground charges are quoted as £250 quarterly in the sales details, but records on file list higher figures (service charge £1,000; ground rent £1,000). Prospective purchasers must verify current lease terms, actual service/ground rent commitments and tenancy details before committing. Council Tax Band A and no flood risk are further practical benefits for running costs and insurance.
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