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Folkton, Scarborough

Yorkshire

£450,000
Listed on 19/06/2025

Property Details

Bedrooms
4
Type
Semi-detached house

Description

This four-bedroom cottage in Folkton presents a promising opportunity for renovation and investment. Set on approximately 2 acres, the property offers ample space for outdoor activities and potential landscaping projects, making it ideal for buyers looking to enhance their living environment or cultivate a vibrant garden. While the cottage requires modernization, this characteristic can be seen as an advantage, allowing new owners to tailor the interior to their preferences. The ground floor features a welcoming reception hall leading to a spacious lounge with an open fireplace and adjoining UPVC conservatory, which overlooks the expansive gardens. The kitchen includes essential appliances and has enough room for further upgrades or reconfiguration. The first floor houses two additional double bedrooms, one complete with an en-suite bathroom. Additionally, existing utility space presents possibilities for conversion into further living areas if desired. Currently configured with two bathrooms and four sizeable bedrooms, there's significant potential to enhance and reconfigure these spaces. Folkton is nestled at the foot of the picturesque Yorkshire Wolds, providing residents with tranquility while still being conveniently located just miles away from both Scarborough and Filey. This ideal location not only offers rural charm but also proximity to coastal amenities. Outside, the extensive grounds include a block-paved parking area and various mature trees and shrubs that could serve as a beautiful backdrop to any renovations. Furthermore, a large workshop with electricity could be transformed into an annexe or guest dwelling subject to obtaining necessary permissions. In summary, this property represents not only a home but also a canvas for those looking to invest in a charming countryside setting with considerable potential for enhancement and personalization.

Investment Analysis

(YO11 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£156
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Monthly Sales
30
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (YO11)

Area prices are falling by +5.5% over the last 12 months
3 year growth: 1.0%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on YO11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Folkton, Scarborough
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