Tower Estates says ..

Property Oracle says ..

This property, situated on Crown Terrace in Scarborough, is a 24-bedroom HMO (House of Multiple Occupancy) listed at £1,025,000. The provided photographs showcase the interior, featuring multiple bedrooms furnished with basic but functional furniture. Shared kitchen and living spaces are also visible, appearing reasonably well maintained. The exterior image depicts a terraced house in generally good visual condition. While the property offers proximity to Scarborough’s amenities and transport, the lack of any outdoor space is a considerable limitation. The pricing appears relatively high compared to other local property listings but may be justified by its significant rental potential for its target market. The high number of bedrooms suggests the property is geared toward student accommodation or other types of shared living arrangements. Further detailed information regarding the property’s profitability as an HMO would significantly aid in its overall valuation. The lack of specific square footage data for the individual units and the overall property makes a precise per square foot analysis impossible. The absence of information on the condition of plumbing, wiring and heating systems also limits a comprehensive evaluation.

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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