Summary -
FLAT 1,15 MORGAN STREET,SCARBOROUGH,YO12 7BU
YO12 7BU
4 bed 2 bath Block of Apartments
Income-producing Scarborough buy-to-let with short-term letting history.
Freehold portfolio: two flats, four bedrooms, two bathrooms
Reported gross income £15,900 for 2024; holiday let earned £15,100
Compact total area c.489 sq ft across both flats
Tenants in situ; currently producing rental returns
On-street parking; good mobile signal and fast broadband
Located in very deprived area with very high crime levels
Small property footprint; may require refurbishment to increase yields
Buyer's premium applies on sale; see Let Property Pack for details
A compact freehold portfolio of two self-contained flats in central Scarborough, offered with sitting tenants and proven rental income. Together the units produce a reported gross income of £15,900 (2024), driven largely by a successful holiday let that earned £15,100 last year. The pair (four bedrooms, two bathrooms) occupy approximately 489 sq ft and include practical features such as fitted kitchens, modern three-piece bathrooms and rear deck access to one flat.
This opportunity is aimed squarely at investors or developers seeking an income-producing addition to a portfolio. On-street parking, excellent mobile signal and fast broadband support lettings and short-term stays. The building is a traditional early-20th-century terrace with bay windows and straightforward layouts, reducing immediate capital works compared with longer-term redevelopment schemes.
Buyers should note material considerations: the property is in an area classed as very deprived with very high local crime levels, which can affect long-term yields and tenant profiles. The overall footprint is small and modestly finished; further refurbishment or active management may be needed to increase returns. A buyer's premium applies on sale and tenants are in situ, so vacant possession will require additional steps if desired.
For a clear view of expected returns and tenancy details, refer to the Let Property Pack. This portfolio will attract enquiries from serious investors and developers who can manage short-term holiday operations alongside longer-term lets or who can deliver targeted upgrades to lift income and capital value.
4 bedroom block of apartments for sale in Cambridge Street, Scarborough, YO12 — £185,000 • 4 bed • 2 bath • 1668 ft²
1 bedroom flat for sale in Royal Avenue, Scarborough, YO11 — £75,000 • 1 bed • 1 bath • 377 ft²
1 bedroom flat for sale in Royal Avenue, Scarborough, YO11 — £75,000 • 1 bed • 1 bath • 420 ft²
2 bedroom flat for sale in Royal Avenue, Scarborough, YO11 — £133,000 • 2 bed • 1 bath • 1130 ft²
1 bedroom flat for sale in Alga Terrace, Scarborough, YO11 — £51,000 • 1 bed • 1 bath • 592 ft²
4 bedroom property for sale in Bedford Street, Scarborough, YO11 — £200,000 • 4 bed • 4 bath • 1271 ft²
