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Commercial Street, Scarborough

Yorkshire

£70,000
Listed on 08/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
722 sqft

Description

This mid-terrace house in the bustling heart of Scarborough offers a promising canvas for renovation and investment. With a total of 721 square feet, the property features two spacious reception rooms as well as two bedrooms, making it ideal for those looking to create a personalized living space. Currently requiring full renovation, this property presents an excellent opportunity to reimagine the interiors according to your style and preferences. The flexibility of layout allows for various design possibilities, whether targeting it as a modern family home or a charming coastal retreat. The absence of an onward chain facilitates a smoother transaction process, which is particularly beneficial for first-time buyers or investors seeking to undertake a refurbishing project. Located within walking distance of local amenities, schools, and the scenic coastline that Scarborough is known for, this property’s position enhances its appeal. This vibrant area offers easy access to shopping options and recreational activities, making it an attractive choice for potential tenants or future occupants. The property also includes a rear yard, providing some outdoor space that can be transformed into a private garden or patio area—a valuable addition for enhancing living comfort. With vacant possession, you can start your renovation journey immediately and capitalize on the investment potential that this location provides. In summary, this property represents a unique chance to invest in Scarborough’s real estate market while crafting a home tailored to your needs. Embrace the opportunity to revitalize this house into something special amidst one of Yorkshire's most beloved seaside towns.

Investment Analysis

(YO12 area)

Below Market Value

This property is priced -49.5% below area average per sq ft

-49.5%
Potential saving
This Property
£97/sq ft
Area Average
£192/sq ft
Avg Rent (weekly)
£173
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£7,000 - £17,500
10-25% of property value
Target Value
£152,566
10% above area average per sq ft
Potential ROI
+74.4%
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

Commercial Street, Scarborough
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