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152 Victoria Road, Scarborough, YO11 1SX

PROPERTY TYPE

House of Multiple Occupation

BEDROOMS

5

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Fully Tenanted 5 Bed HMO And Ground Floor Shop
  • Ground Floor Shop Has A Commercial Lease In Place With The Current Tenant
  • 3-Minute Walk To Transport Links
  • Great Access To All Local Amenities
  • Gross Income : £40,980
  • Gross Yield : 12.23%
  • 2% +VAT Buyer's Fee

Description

Fantastic opportunity to purchase a beautifully presented, well-established 5-bedroom HMO in Scarborough. The property has had extensive upgrades and refurbishments to a high standard throughout. The HMO run over two floors comprising of 4 bathrooms in total (including 2 en-suite) with a large communal kitchen/diner and living space, all of which are immaculately finished. In addition, the property benefits from easy access to on street parking. Additional features include, Smart Thermostats (Inspire) and all external walls are insulated. There is also an outside separately locked bike and bin storage yard.

Additionally, to the ground floor, the sale includes a shop with further basement space with 2 and a half years remaining of the 5-year lease. This is currently rented to a well-established and well-known local business within the area and benefits from a separate entrance door to the living space above.

The property is fully occupied with quality tenants in-situ and it has remained in very good condition since works commenced in 2020. In total, the Gross Income is £40,680 per annum and the Gross Yield is 12.14%.

Well located in Scarborough, the property benefits from fantastic positioning to local amenities with an array of takeaways and shops less than 100ft away and the local Tesco Superstore just a 7-minute walk. Also, ideally located for tenants, Scarborough Train Station is located 0.2 miles from the address with just a 3-minute walk from all public transport links. The property is very well positioned for access to social activities such as bars, cafes and Scarborough Beach being less than a 10-minute walk.

Income;

Commercial Property - £700 / Room 1 - £525 / Room 2 - £550 /
Room 3 - £525 / Room 4 - £550 / Room 5 - £565
Total; £3,415 PCM / £40,980 PA

Expenditure;

Gas - £130 / Electric - £132 / Water - £30 / Council Tax - £90 / Broadband - £36 /
Cleaner - £80 / Management - N/A
Total; £518 PCM / £6,216 PA

Brochures

Brochure of 152 Victoria Road

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: B

152 Victoria Road, Scarborough, YO11 1SX

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Scarborough Station0.1 miles
  • Seamer Station2.7 miles
  • Filey Station6.7 miles
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About the agent

Investinhmos.co.uk, Huddersfield

HD8 8EL

Investinhmos.co.uk is a leading UK investment property company, offering expert guidance and support to investors looking to maximise their returns in the lucrative UK property market. With a focus on high-yield HMO properties.

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Disclaimer - Property reference TSC-62348080. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Investinhmos.co.uk, Huddersfield. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.

**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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