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Offers over

£220,000

Block of flats for sale
Morgan Street, Scarborough YO12

    • 2 receptions

Freehold
Reduced on 01/10/2025

About this property

  • Portfolio of 2 Flats

  • On-Street Parking

  • Flat 1: Buy-to-Let Opportunity

  • Flat 2: Buy-to-Let Opportunity / Holiday Let Business

  • Tenants currently situated

  • Likely to attract enquiries from Serious Investors & Developers

  • Investment potential detailed below (Let Property Pack)

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.

Mortgage calculator

Monthly repayment

£1,100 per month

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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

More information

  • Tenure

    Freehold

  • Council tax band

    A

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