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Princess Street, Scarborough

Yorkshire

£250,000
Listed on 09/10/2025

Property Details

Bedrooms
7
Type
Terraced house
Area
1523 sqft

Description

This substantial terraced property, spread across four levels, represents a unique opportunity for renovation or investment. Featuring seven bedrooms, a bathroom, a kitchen, a living room, and an additional reception room, the layout is well-suited for large families or could be reconfigured to accommodate multiple units (subject to the necessary planning permissions). Positioned on an elevated plot, the property offers impressive views of South Bay from several rooms, enhancing the appeal of the living space. The private rear yard provides a manageable outdoor area that could be developed into an inviting space for relaxation or entertaining. While the interior requires comprehensive modernisation, it serves as a blank slate for those with creative vision seeking to craft a tailored residence or capitalize on its investment potential. Located in Scarborough’s historic Old Town, this property is surrounded by a variety of amenities including the indoor market hall, diverse shops, popular dining options, and easy access to Scarborough's famous South Bay Beach and town centre. With its prime location and generous size, this property is ideal for developers and investors looking to unlock its full potential.

Investment Analysis

(YO11 area)

Below Market Value

This property is priced -18.3% below area average per sq ft

-18.3%
Potential saving
This Property
£164/sq ft
Area Average
£201/sq ft
Avg Rent (weekly)
£161
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£336,652
10% above area average per sq ft
Potential ROI
-9.0%
After renovation
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

Princess Street, 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
£916
Based on a loan of £187,500 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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