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Fieldstead Crescent, Newby, Scarborough

Yorkshire

£130,000
Listed on 04/06/2025

Property Details

Bedrooms
2
Type
Flat
Area
720 sqft

Description

This two-bedroom first-floor apartment presents a unique opportunity for renovation and investment in a highly desirable area. While the property requires some updating, it offers a solid foundation for both personal homebuyers and investors looking to maximize value through modernization. The apartment features its own private entrance, leading to a staircase that provides access to the first floor where you'll find substantial storage options. The front-facing kitchen is equipped with a boiler cupboard and allows for potential reconfiguration or enhancement to suit modern preferences. The spacious lounge boasts bay windows, flooding the area with natural light and offering an inviting space for relaxation or entertaining. Two double bedrooms are positioned at the side and rear of the unit, providing comfortable living spaces that can be tailored to one's taste. The family bathroom completes the layout, presenting an opportunity for upgrades that can align with current design trends. In addition, this property includes ownership of the front garden and a designated parking space—features that add further appeal in this well-connected neighborhood. With essential amenities such as supermarkets, pharmacies, doctors' offices, and dental clinics just a short distance away, convenience is at your doorstep. This apartment’s location combined with its renovation potential makes it an attractive proposition for those looking to invest in both lifestyle and property value.

Investment Analysis

(YO12 area)

Below Market Value

This property is priced -7.2% below area average per sq ft

-7.2%
Potential saving
This Property
£181/sq ft
Area Average
£195/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£154,123
10% above area average per sq ft
Potential ROI
-0.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (YO12)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -2.9%
5 year growth: 12.9%
Investment Disclaimer: Analysis based on YO12 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

Fieldstead Crescent, Newby, Scarborough
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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
£476
Based on a loan of £97,500 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