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The Windmill, Mill Street, Scarborough, North Yorkshire

Yorkshire

£749,950
Listed on 26/11/2025

Property Details

Bedrooms
11
Type
Character Property

Description

An exceptional opportunity to acquire a unique piece of history, this Grade II listed windmill in Scarborough dates back to 1784 and stands as the last of its kind in the area. Currently functioning as a successful hospitality business, it boasts strong financial performance with year-on-year growth. Nestled in a serene private courtyard just a stone's throw from the coast, town centre, and rail links, this property merges historical charm with investment potential. The layout features two splendid suites within the windmill tower, including the renowned Balcony Suite that offers sweeping 360-degree views. In addition to these suites, there are two self-contained holiday cottages and four en-suite guest rooms, alongside considerable owners' accommodation that could be repurposed for further rental income. The inviting reception and dining areas comfortably accommodate guests while the fully equipped commercial kitchen supports operational needs. Substantial renovations have already been undertaken by the current owner, encompassing bespoke gates and railings, replacement timber windows, extensive roofing works on the dining room, along with upgraded heating systems and modern security measures. Additionally, there's potential for further development thanks to a separate building plot that could accommodate an additional cottage or parking facilities. As one of Scarborough’s most historic buildings and coastal attractions drawing millions of visitors annually due to its rich heritage and vibrant local economy, this property holds immense promise for those looking to expand upon its existing business model through enhanced marketing strategies or diversified hospitality services.

Investment Analysis

(YO11 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£153
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (YO11)

Area prices are falling by -9.0% over the last 12 months
3 year growth: -8.3%
5 year growth: +2.9%
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

The Windmill, Mill Street, Scarborough, North Yorkshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,656
Based on a loan of £562,462 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

+7.9% since listed
£749,950+£54,950(+7.9%)
10/04/2026
Current price
£695,000Initial listing
29/11/2025

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