Turnkey multi-let with period charm and clear refurbishment upside.
Freehold block of five flats (four 1-beds, one 2-bed) generating ~£35,000pa
Total internal area approx. 2,900 sq ft across four floors
Period terrace with bay windows and high ceilings, good natural light
Mains gas boiler and radiators; double glazing installed before 2002
Solid brick walls likely uninsulated — refurbishment required to improve efficiency
Located in a very deprived area with high crime; consider management costs
On-street parking, central location close to shops and transport links
No flood risk; council tax levels described as very cheap
A freehold Victorian mid-terrace converted into five self-contained flats, this Royal Avenue block offers an established multi-let income in central Scarborough. The portfolio mixes one- and two-bedroom units over four floors, with a stated gross rental income of about £35,000 per year and a total internal area of roughly 2,900 sq ft — straightforward core metrics that suit a buy-to-let investor or landlord expanding a portfolio.
The building retains period features externally (bay windows, high ceilings) and sits close to local amenities and transport links. Internally each flat includes a kitchen and living room; primary services are mains gas boiler and radiators, and double glazing was installed prior to 2002. There is no flood risk and parking is on-street directly outside.
Material considerations: the property is set in a very deprived area with high recorded crime and will likely need investment to upgrade thermal performance (solid brick walls assumed uninsulated) and some cosmetic repairs to steps and stonework. Glazing and communal finishes are dated, and yield improvement depends on refurbishment spend. This is a value-add opportunity for an investor comfortable with period stock and urban letting markets.
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