A rare opportunity to acquire an entire freehold block of 9 income-producing units in one transaction. The building is a handsome pre-1919 converted Victorian terrace arranged as 6 self-contained flats plus 3 studios, all currently let and producing a confirmed £53,000 per annum in gross rent. Income runs from the day of completion with no void to absorb, giving an investor a genuine turnkey, hands-off block.
The asking price of £450,000 equates to £134 per square foot across the 3,369 sq ft of internal space, sitting 11.8% below the local area average of £152 per square foot. There is built-in equity from day one, supported by a recent area valuation range of £404,280 to £704,121 for comparable stock. The block last changed hands in 2021 at £500,000, so the current guide represents a £50,000 saving against the previous sale.
Because the sale involves 9 dwellings in a single transaction, the purchase qualifies for commercial (non-residential) Stamp Duty rates, cutting the SDLT bill to £12,000 - a meaningful saving over standard residential additional-property rates. Located in Scarborough's established South Cliff district, within walking distance of the town centre and around a mile from the railway station, the block sits in a proven, consistent rental location.
Map shows the general Scarborough area only. The exact address is shared with serious buyers at the appropriate stage. Tiles: OpenStreetMap contributors.
20 transactions within 0.09 mile radius, December 2024 to February 2026. Subject size: 3,369 sqft. Area comparables are individual flat sales; the subject is offered as a whole freehold block.
Individual EPC certificates lodged per unit, ratings D to E. All units meet the current Minimum Energy Efficiency Standard for letting.
Gross income as stated by vendor. LHA source: lha-direct.voa.gov.uk, June 2026. Average rent per unit sits between the local 1-bed and 2-bed LHA rates.
| Type | Date | Price | Tenure | Sqft | £/sqft | Notes |
|---|---|---|---|---|---|---|
| 1-bed flat | Feb 2026 | £90,000 | Freehold | 710 | £127 | Local YO11 sale |
| 1-bed flat | Nov 2025 | £105,000 | Freehold | 517 | £203 | Local YO11 sale |
| 1-bed flat | Nov 2025 | £77,600 | Freehold | 527 | £147 | Local YO11 sale |
| 1-bed flat | May 2025 | £100,000 | Freehold | 721 | £139 | Local YO11 sale |
| 1-bed flat | Apr 2025 | £95,000 | Leasehold | 581 | £164 | Local YO11 sale |
Recent comparable flat sales within the YO11 area, last 18 months. All are individual flats sold on a unit basis; the subject is offered as a whole freehold block, which typically prices at a discount per unit.