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Princess Street, Scarborough

Yorkshire

£185,000
Listed on 28/12/2025

Property Details

Bedrooms
7
Type
Terraced house
Area
1523 sqft

Description

This substantial terraced property spans four floors and presents an excellent opportunity for transformation, making it ideal for both large families and developers looking to maximise its potential. With seven bedrooms, a single bathroom, a kitchen, a living room, and an additional reception room, this home provides generous space that could be reconfigured into multiple units with the appropriate planning permissions. Situated in the picturesque Old Town of Scarborough, the property enjoys elevated views over South Bay from several of its rooms. Its private rear yard offers a manageable outdoor area suitable for leisure or social gatherings. The house is in need of complete modernisation, presenting an exciting blank canvas for buyers with vision who wish to create a bespoke living environment or invest in a promising development project in this sought-after location. Close to various amenities including local shops and popular dining options, as well as Scarborough's renowned beach and town centre, this property is certainly one to consider for serious investors or those looking to establish their dream home.

Investment Analysis

(YO11 area)

Below Market Value

This property is priced -39.7% below area average per sq ft

-39.7%
Potential saving
This Property
£121/sq ft
Area Average
£201/sq ft
Avg Rent (weekly)
£160
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£337,405
10% above area average per sq ft
Potential ROI
+10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (YO11)

Area prices are falling by -8.3% over the last 12 months
3 year growth: -7.5%
5 year growth: +8.0%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£667
Based on a loan of £138,750 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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