Minimum Rent

Select the property minimum rent
£0

Minimum Yield

Select the property minimum yield
0%

Bedrooms

Select how many bedrooms you want

Type of Property

Select the property types you want

Property ID: 220820697
Potential Monthly Income
£1,900
Potential Yield
9.1%
Tenancy status
Vacant
CapitalAppreciation
+4.5%
Exclusive Investment Grade Opportunity

A portfolio of 2 flats located in Scarborough with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.


For investors looking for a rewarding investment, this is a brilliant opportunity!


Flat 1 comprises two bedrooms, a spacious lounge, a modern three-piece bathroom, and a fully equipped kitchen. The property also benefits from on-street parking and is currently tenanted.


Flat 2 is currently operating as a holiday let, generating a gross income of £15,100 in 2024. The property offers two well-proportioned bedrooms, a modern three-piece bathroom, a spacious lounge, and a fully equipped kitchen with ample storage. From the kitchen, doors open onto a raised decked area at the rear.


Investment details


The portfolio currently produces an annual gross income of £15,900. Considering the purchase price and the potential rental income that could be earned in future years will make for a worthwhile addition to an investor's property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyer's Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income1325/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£1325 pcm
Current Rental Yield
6.4%
Potential Market Value Rent
£1900 pcm
Potential Rental Yield
9.1%
Estimated Monthly Capital Appreciation
£945
Area Capital Appreciation Rate
+4.5%

Property Checks

Property Tenure

Verified as Leasehold

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided to Let Property and has been Verified.

Council Tax Band

Council Tax Band: A

Interactive street-level view of the property location and surrounding area.

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Total Estimated Costs
unknown
EPC Rating
EPC image not availableCheck EPC documents below
EPC Documents
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents
Loading...
Yearly Net Profit
Current Yearly Rent
£15,900
Annual Capital
Appreciation
£5,040
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£20,940