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St Johns Road, Scarborough

Yorkshire

£160,000
Listed on 10/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1044 sqft

Description

This two-bedroom property presents a noteworthy opportunity for renovation and investment potential, ideal for buyers seeking a project. While the home requires updating, it is enhanced by valuable features including gated off-road parking and expansive workshops in the rear, making it particularly appealing to hobbyists such as car enthusiasts, artists, carpenters, or antique dealers who may need additional space for storage. The property’s rear yard is versatile, providing the possibility for caravan or camper storage. Furthermore, there is significant potential for converting the workshops into additional living space or studios, subject to obtaining the necessary planning permissions. Upon entering, you will find a part-glazed entrance leading into an open plan lounge and dining area that offers ample natural light through its single glazed windows. This room includes a fireplace and under-stairs storage, presenting a blank canvas for personalization. The adjoining kitchen boasts functional wall and base units with workspace. Nearby, a pantry offers extra storage options along with plumbing for a washing machine. The first floor accommodates two generously sized bedrooms and an office space that can serve multiple purposes. The main bedroom features two front-facing windows allowing in plenty of light while the second bedroom includes built-in storage. The bathroom is fitted with essential amenities but could benefit from modernization to maximize comfort. Outside, double timber gates provide access to the spacious rear yard that historically accommodated larger vehicles like camper vans. Additionally, the heavy-duty workshop comes equipped with power and lighting, making it suitable for various trades or potential hobbies; an inspection pit adds to its utility. With possible upper-level storage space available as well, this area could be transformed significantly with creative vision. Overall, this property holds considerable promise not only as a residential space but also as an investment opportunity to develop additional usage on the premises—subject to appropriate permissions—making it an attractive project for those looking to enhance both value and functionality in a well-situated locale.

Investment Analysis

(YO12 area)

Below Market Value

This property is priced -20.2% below area average per sq ft

-20.2%
Potential saving
This Property
£153/sq ft
Area Average
£192/sq ft
Avg Rent (weekly)
£173
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£16,000 - £40,000
10-25% of property value
Target Value
£220,608
10% above area average per sq ft
Potential ROI
+10.3%
After renovation
Monthly Sales
50
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (YO12)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 3.8%
5 year growth: 17.1%
Investment Disclaimer: Analysis based on YO12 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

St Johns Road, Scarborough
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