Pattinsons says ..

Property Oracle says ..

This property is a 24-bedroom HMO (House of Multiple Occupancy) located on Crown Terrace in Scarborough, North Yorkshire. The listing highlights its potential as an investment opportunity, emphasizing its fully occupied status and high rental yield. The exterior of the building presents as a well-maintained Victorian-style terrace house, consistent with the architectural style prevalent in the area. Interior photographs reveal a functional layout with multiple bedrooms, shared kitchen facilities, and common areas. The bedrooms are simply furnished, reflecting the target market for HMO tenants. The kitchens seem well equipped, but again, are furnished simply. The lack of information regarding land size or garden is notable. The property’s location in Scarborough offers proximity to amenities, transport links, and schools. However, the price of £1,025,000 requires careful consideration. While the high number of rooms likely justifies a high price for an investor focused on rental income, other aspects such as land size, interior finish, and comparison with similar properties, require more information for full assessment. This property is best suited for investors with an interest in the HMO market, with the high number of tenants providing potential for a solid rental yield. Potential buyers must ensure all legal and financial due diligence is complete before purchase, including an evaluation of the rental income generation potential against the purchase price and local comparables.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images