Falsgrave Road, Scarborough
Yorkshire
£550,000
Listed on 09/10/2026
Listed on 09/10/2026
The listing
Property details
Bedrooms
7Type
Block Of ApartmentsFeatures
- Tenanted
Description
Colin Ellis Estate Agents are marketing this freehold mixed-use property on Falsgrave Road, Scarborough. It comprises a ground-floor fish and chip shop, whose business is stated to be unaffected, and seven one-bedroom flats. The residential units are reported as occupied on long-term lets, with six held on fully repairing leases.
The vendor states that the combined current rental income is approximately £57,000 per annum. Buyers should verify the rent schedule, tenancy terms, commercial lease and operating costs. The flats are listed with EPC ratings of C and Council Tax Band A, while the commercial unit has an EPC rating of D.
The building may offer scope to explore further residential accommodation through conversion or reconfiguration. Any proposal would require the relevant planning, Building Regulations, fire safety, licensing and other statutory approvals; no permission is represented as having been granted. The property is offered as an established mixed-use investment with potential subject to due diligence and consent.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
52out of 100
Grade DWeak opportunity
Confidence: LOW
This is a substantial mixed-use freehold with seven occupied one-bedroom flats above a commercial unit and stated combined rental income of around £57,000 a year. The photographed flats look functional, while the weathered and peeling paintwork to the rear and side elevations offers a clear, relatively light cosmetic improvement project. The listing also points to scope to explore additional residential accommodation, subject to the necessary approvals.
Key opportunities
- Refresh and prepare the weathered, peeling paintwork on the rear and side elevations.
- Acquire an established mix of residential and commercial rental income, with seven occupied flats and a trading commercial unit.
- Explore potential residential reconfiguration or additional accommodation, subject to planning and all other required approvals.
Key risks
- The rear and side external finishes need inspection to establish the extent of preparation and any repairs required.
- Verify the vendor-supplied rental income, tenancy schedules, lease terms and associated running costs.
- Floor area is unavailable, so value against local £/sqf cannot be assessed yet.
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Transport
Nearest stations
Scarborough Rail Station
0.3 miles
Train · Scarborough
Seamer Rail Station
2.5 miles
Train · Seamer
Filey Rail Station
6.7 miles
Train · Filey
Hunmanby Rail Station
8.2 miles
Train · Hunmanby
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
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%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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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