Seven bedrooms, parking and prior consent — renovation project for experienced investors.
Grade II listed Victorian terrace over four floors
A substantial Grade II listed Victorian terrace arranged over four floors, this freehold property offers seven bedrooms plus an office and off-street parking for three cars. Sold with no onward chain, it has previously operated as a guesthouse and sits moments from Scarborough’s North Bay, theatre and new waterpark — a central position that supports short-stay or long-let demand.
Planning history strengthens the opportunity: permission and Listed Building Consent were previously granted for conversion into four flats including a roof extension, giving a clear route for an investor or developer. The building’s period features, high ceilings and bay windows create strong character and appeal for holiday lets, HMO or family accommodation once refurbished.
There are important constraints. The listed status will restrict alterations and can make conversions more costly and slower; statutory consents will be required for many works. The property needs significant renovation throughout and currently has just one bathroom for seven bedrooms. The neighbourhood shows high crime rates and very high area deprivation, which will influence tenant mix, pricing and management costs.
For the right buyer — particularly an experienced investor or developer used to working with listed buildings — this is a location-driven project with clear upside from conversion, refurbishment and re-marketing. Practical positives include off-street parking, central coastal location and prior consent history; practical negatives to budget for include listed building repair standards, refurbishment costs, and local socio-economic challenges.
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