Investment Opportunity – 2 Bed Flat, Scarborough | 8% Gross Yield | Share of Freehold
Pure Investor is pleased to present an excellent investment opportunity in Scarborough – a two-bedroom apartment currently generating £600 per calendar month with a strong sitting tenant.
Property Overview
Flat 5, Mostyne Mere House, 4 West Bourne Road, Scarborough, YO11 2SP
This second-floor apartment is located within a well-maintained converted Victorian building comprising just six flats. The property benefits from share of freehold ownership, providing long-term security and control over the building’s management.
Property Features
- Two bedrooms (one double, one single)
- One bathroom
- Second-floor apartment
- Part of an attractive Victorian conversion
- Share of freehold
- Self-managed block with other freeholders
- Low service charge of £67 per month (includes building insurance and upkeep of communal areas)
Tenancy Details
- Current rent: £600 per calendar month (£7,200 per annum)
- Sitting tenant: Single professional in full-time employment
- Tenancy commenced: August 2025 (6-month initial contract)
- Property sold with tenant in situ – immediate rental income from completion
Investment Returns
- Asking Price: £90,000
- Gross Yield: 8.0% per annum
- Annual Rental Income: £7,200
- Annual Service Charge: £804
- Net Yield (after service charge): 7.1% per annum
These returns are significantly above the UK average for residential property and offer strong cash flow from day one.
Why Scarborough?
Scarborough presents a compelling investment case for several key reasons:
- Sustained Rental Demand: As one of Yorkshire’s most popular coastal towns, Scarborough attracts a diverse tenant base including young professionals, families, and workers in the tourism and service sectors. The town benefits from year-round rental demand.
- Affordability: Property prices remain accessible compared to other UK coastal locations, offering investors an attractive entry point with strong yield potential.
- Tourism & Employment: Scarborough’s economy is supported by a thriving tourism industry, healthcare sector (Scarborough Hospital is a major employer), and growing retail and hospitality sectors, ensuring consistent tenant demand.
- Transport Links: Good road connections via the A64 to York and the wider region make Scarborough accessible for commuters and visitors alike.
- Regeneration: Ongoing investment in the town’s seafront, cultural venues, and infrastructure continues to enhance Scarborough’s appeal as a place to live and work.
Why This Property?
- Share of freehold provides control and eliminates ground rent
- Low service charges maximise net returns
- Self-managed building with engaged freeholders
- Strong sitting tenant already in place
- Excellent cash flow from an 8% gross yield
- Affordable price point ideal for portfolio growth or first-time investors
This property offers a rare combination of attractive returns, low management costs, and freehold ownership – ideal for investors seeking reliable income and long-term capital growth.
Let Pure Investor Take The Strain …..
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
✅ Fully managed lettings and property management service
✅ Comprehensive coverage throughout England and Wales
✅ One team, one fee across your full portfolio
✅ Rental income protection available
✅ Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more
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