Colin Ellis Estate Agents says ..

Property Oracle says ..

This property in Scarborough, North Yorkshire, is listed as a residential development opportunity. The current structure consists of garages and coach houses, with planning permission already obtained for their conversion into three, two-bedroom cottages. The location on the South Cliff side of Scarborough offers proximity to the town centre, beaches, and transport links (Scarborough train station is approximately 1.05km away). Several schools are within a reasonable distance, although their Ofsted ratings range from ‘Outstanding’ to ‘Requires Improvement’, reflecting the variability in educational standards in the area. The property includes a courtyard and some yard space, but the land area is relatively modest. The existing structure appears to be in fair condition, though it requires significant renovation work to convert it into habitable dwellings. The listed price of £275,000 appears potentially reasonable for a development project given the secured planning permission, but without knowing the final square footage of the finished cottages, it’s difficult to fully assess the value. The lack of readily comparable properties in the nearby listings makes definitive price analysis challenging. Potential investors will need to factor in construction costs and market conditions upon completion. The proximity to the town centre and the beach are definite strengths, alongside the existing planning permission, although potential buyers will need to conduct thorough due diligence before committing to the purchase.

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

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