Summary - 14 New Queen Street, Scarborough, North Yorkshire YO12 7HL YO12 7HL
1 bed 1 bath Block of Apartments
Town-centre freehold with strong rental potential for experienced renovators.
- Freehold Victorian end-of-terrace with four flats
- Town-centre location with strong local amenities and transport
- Requires full refurbishment; damp and visible external wear
- Top-floor flat inaccessible; accommodation assumed not confirmed
- Services and appliances untested; likely electrical/plumbing work
- Sold at auction: immediate deposit and 1.2% buyer’s premium
- High local crime and very deprived area; higher management risk
- Good rental potential for students or multi-let once refurbished
A Victorian end-of-terrace arranged as four self-contained flats, offered freehold and sold at online auction. The block sits in Scarborough town centre close to transport links, shops and leisure amenities, making it a straightforward long-term rental proposition for investors targeting students and short-term lets.
The building requires full refurbishment: reported damp and general disrepair, services and appliances have not been tested, and the top-floor flat is currently inaccessible and assumed. Renovation will be needed to bring all flats to a lettable standard and to address cosmetic and likely mechanical works.
There are clear value drivers: town-centre location, multiple self-contained units under one title, Victorian character and potential for rental income once refurbished. Buyers should factor in auction conditions (immediate deposit, buyer’s premium of 1.2% incl. VAT, legal pack disbursements) and anti-money-laundering ID requirements before bidding.
This lot suits experienced investors or developers comfortable with renovation in an area of high crime and very high deprivation. The neighbourhood includes student and diverse communities, nearby education options, and strong local amenities — helpful for lettings but also a reminder to price work and management for a higher-risk rental market.
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