Summary - Albemarle Crescent, Scarborough YO11 1XX
13 bed 8 bath Block of Apartments
**Standout Features:**
- **Freehold Investment**: Block of 8 self-contained apartments.
- **Tenant Demographic**: Designed for tenants aged 55 and over.
- **Rental Income Potential**: Generating approximately £50,340 per annum.
- **Lift Access**: Convenient lift servicing all main floors.
- **Central Location**: Proximity to shops, restaurants, and transportation.
- **Modern Amenities**: UPVC double glazing and electric heating systems.
**Concerns:**
- **High Crime Rate**: Location marked as having very high crime.
- **Area Deprivation**: Classified as very deprived.
- **Maintenance Requirement**: Older buildings may have hidden renovation needs.
This striking freehold investment block in Scarborough presents a unique opportunity for savvy investors. Comprising eight self-contained flats—six two-bedroom units and two one-bedroom units—this property caters specifically to tenants aged 55 and older. With a steady gross rental income of approximately £50,340 per annum, it offers appealing stability. Enhanced by modern amenities like UPVC double glazing, a lift, and an efficient electric heating system, each flat resonates with comfort and functionality.
Set in a bustling town center, residents will appreciate immediate access to essential amenities such as shops, restaurants, and public transport—ideal for maintaining an active lifestyle. However, potential buyers should take into account the area's high crime rate and economic deprivation while considering investment returns. This well-maintained building is not just an investment for today but a gateway to future value with possibilities for renovation and enhancements, making it a compelling buy for those seeking reliable income streams in a well-situated locale.
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