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Alga Terrace, Scarborough, YO11

Yorkshire

£200,000
Listed on 14/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This period property offers a significant opportunity for redevelopment or renovation, currently spanning three levels and previously utilized for both commercial and residential purposes. The structure is now in disrepair but has been identified by local council advisors as a promising site for reimagining, with potential plans suggesting development could extend up to five stories. Investors may consider transforming the site into a block of apartments or exploring mixed-use configurations that align with modern standards while maintaining the charm of Victorian aesthetics. The property benefits from rear vehicular access, enhancing its development capability. Situated on Scarborough's South Cliff, just a stone's throw from The Esplanade, this location provides convenient access to various amenities including shops and local attractions like The Spa and Conference Centre. Interest in viewing is strongly encouraged to grasp the full extent of the space and its potential for creative redevelopment. However, prospective buyers should exercise caution when visiting the site due to current conditions.

Investment Analysis

(YO11 area)
Area Average
£202/sq ft
Avg Rent (weekly)
£149
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (YO11)

Area prices are falling by -10.9% over the last 12 months
3 year growth: -8.6%
5 year growth: +5.2%
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

Alga Terrace, Scarborough, YO11
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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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