143 Dean Road, Scarborough, North Yorkshire, YO12 7JH

Description

A substantial traditional terraced house extending to approximately 1,390 sq ft (129.2 sq m), offering spacious accommodation that requires comprehensive refurbishment and modernisation. The property has been in the same ownership for many years and its sale represents an increasingly rare opportunity to anyone looking for a renovation project. The generous loft space is also considered to provide a further opportunity to create additional living space, subject to planning consent (STPC). The size and layout is also considered suitable to allow conversion into two flats (STPC). With generous accommodation and considerable scope for improvement, the property offers an excellent opportunity for builders, developers and investors looking for a substantial renovation or redevelopment project.

Accommodation

Ground Floor: Porch, entrance hall, living room, dining room, kitchen, sitting room/bedroom five/bathroom. First Floor: Landing, three double bedrooms, single bedroom, bathrooms with WC and a separate WC. Exterior: Front forecourt and rear enclosed yard.

Location

The property occupies a convenient position on Dean Road in the north-central area of Scarborough, within easy reach of the town centre and its extensive shopping, leisure and everyday amenities. Dean Road is an established residential location with local shops, services and public transport available nearby. The property is also well placed for Peasholm Park, Scarborough's popular North Bay area and North Bay Beach, while Scarborough railway station and the main town centre are readily accessible. The location should appeal to both owner-occupiers and investor buyers, with Scarborough providing a broad employment and rental market alongside its established year-round tourism economy.

Tenure / Property Information

Investment Analysis

The five supplied Dean Road comparables range from £122,000 to £175,000, with the latest recorded sale at £122,000 in July 2026. A base GDV of £155,000 is used, reflecting the subject's five-bedroom, approximately 1,390 sq ft accommodation and its stated comprehensive refurbishment requirement. A low scenario of £122,000 and high scenario of £175,000 are evidence-based rather than formal valuations.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a full survey, detailed refurbishment quotation and legal-pack review. The most supportable route is a cautious refurbishment followed by rental or resale; do not rely on the loft or two-flat potential without planning confirmation.

Works Required

Comprehensive refurbishment and modernisation as described, subject to inspection and specification. Potential loft conversion and conversion into two flats are only opportunities subject to planning consent and have not been assumed in the financial analysis.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the stated buyer premium and minimum administration charge bring the known acquisition outlay to £137,100 before refurbishment and other possible legal-pack disbursements. A 75% refinance against the £155,000 base GDV would be approximately £116,250, but total project cost, cash required and cash left in cannot be calculated without a supported works budget and finance assumptions.

Buy-to-Let Analysis

The supplied five-bedroom advertised asking rent is £725 pcm, equating to £8,700 annually. This gives a gross yield of approximately 6.44% against the £135,000 guide price, before refurbishment, finance, operating costs, tax and voids. Yield on the completed project cannot be established because no refurbishment cost is supplied.

Flip Analysis

A resale assessment is possible only on a broad GDV basis. The evidence-supported GDV range is £122,000 to £175,000, with £155,000 used as base. No refurbishment allowance or selling-cost allowance is supplied, so a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Comprehensive refurbishment is stated but no quantified works budget is available.

• The latest same-road comparable sold for £122,000, creating uncertainty around achievable post-works value.

• The £725 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Loft creation and conversion into two flats are subject to planning consent and have not been valued.

• Possible legal-pack disbursements, search fees, seller-cost reimbursement, legal fees and transfer fees are not quantified.

• No parking, heating or EPC information is supplied.

• Vacant possession creates reletting and potential void risk.

Recommendation

Proceed only subject to a full survey, detailed refurbishment quotation and legal-pack review. The most supportable route is a cautious refurbishment followed by rental or resale; do not rely on the loft or two-flat potential without planning confirmation.

Strategy Rating

Analysis Confidence

There are several nearby sold comparables and one relevant advertised rent, but no EPC, survey, refurbishment budget, achieved rent, finance terms, selling costs or planning evidence is supplied.