152 Victoria Road
Don’t miss this opportunity: a beautifully presented 5-bedroom HMO in Scarborough, upgraded to a high standard over two floors. It features 4 bathrooms (including 2 en-suites), a pristine communal kitchen/diner, and living space. On-street parking is available. The deal also includes a ground-floor shop with basement space leased to a local business for 4 more years, providing an additional income stream with a separate entrance.
Quality tenants already occupy the property, which has been well-maintained since renovations in 2020. It generates an annual Gross Income of £40,380 with a remarkable Gross Yield of 11.53%.
Conveniently located near takeaways, shops, and a Tesco Superstore (7-minute walk), the property is also just a 3-minute walk from Scarborough Train Station, offering easy access to public transport. Bars, cafes, and Scarborough Beach are all within a 10-minute walk, making it an exceptional investment opportunity.
Property Specifics
- 5 Bedrooms
- 4 Bathrooms
- 2475.00 ft
- Type: Fully licensed and Operational 5 Bed HMO & Ground Floor Shop
Financial Overview
- Rent PCM: £3365
- Gross Yield: 11.53%
- Cash Purchase
What this property offers
Verification
Our verification tick shows that industry professionals have generated the estimates being shown. To generate the estimated yield and returns for the property we look at like-for-like units in similar areas as well as past data. Utilising these 2 areas, and a couple of others, we are happy we’re giving you the most accurate prediction for these properties. Should you have any questions about our estimates, please don’t hesitate to contact us.