- Purchase price: £780,000
- 16 apartments
- 4 x 2 bedroom apartments
- 12 x 1 bedroom apartments
- Yield = 10.27%
This stunning detached apartment block is located in the heart of Scarborough and is hugely popular with tenants. It is within walking distance to the town centre with Scarborough train station, South Bay Beach and local shops right on the doorstep.
With beautiful views overlooking Scarborough, this property is snatched up by young families and older residents alike.
The property has a good-sized garden area made up of lush lawn space and a summer house all maintained by a local gardener.
Why invest in Scarborough?
Scarborough is Britain’s oldest seaside town and is steeped in a range of architectural styles that date back to the 10th century when the Vikings used the town as a fishing settlement.
The town has flourished as a seaside resort well into the 19th century and today it still remains one of the most popular seaside towns in northeast England.
With a range of landscapes including a seafront, town centre and greener, further afield locations, there really is something for everybody. The location itself is almost incomparable to any other coastal location – 2 sweeping bays both with their own distinct personalities both in the shadow of the ruins of a 12th-century castle.
Not to mention, the beautiful city of York is around an hours’ drive away and even less on the train!
Scarborough boasts a variety of schools ranging from infant to secondary, and independent to special. A total of 11 of the schools and colleges are rated as ‘good’ by Ofsted, with Springhead School leading the way with its ‘outstanding’ rating.