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Queen Street, Old Town, Scarborough, YO11 - Image 1
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Queen Street, Old Town, Scarborough, YO11

Yorkshire

£69,950
Listed on 30/07/2025

Property Details

Bedrooms
1
Type
Detached house

Description

This property presents a compelling renovation and investment opportunity in a desirable location. Currently utilized as a workshop, the site benefits from full planning permission for transformation into a one-bedroom holiday accommodation. The approved plans outline the construction of a two-story gable-end building, designed to replace the existing structure while maintaining its connection to neighboring garages. The proposed dwelling measures 5.1 meters in width and 6 meters in depth, thoughtfully designed with modern aesthetics in mind. Features include a tiled pitched roof with four strategically placed roof lights, enhancing natural light throughout the space. The ground floor will showcase a contemporary timber door alongside an expansive glazed opening, while the first floor will impress with a glazed gable feature that incorporates French doors leading to a Juliet balcony—ideal for enjoying views of the surrounding area. Situated within the Scarborough Conservation Area, this property not only provides an opportunity for immediate development but also positions itself as a lucrative investment for holiday letting, given the restrictions allowing stays of up to 28 days. With its prime location and modern design features, this property is poised to attract tenants looking for short-term accommodations while offering significant potential for returns on investment.

Investment Analysis

(YO11 area)
Area Average
£201/sq ft
Avg Rent (weekly)
£161
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (YO11)

Area prices are falling by +7.1% over the last 12 months
3 year growth: -4.1%
5 year growth: 11.9%
Investment Disclaimer: Analysis based on YO11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Queen Street, Old Town, Scarborough, YO11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,462 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE