4 Trafalgar Terrace, Scarborough, North Yorkshire, YO12 7QG

Description

A two bedroom mid-terrace house requiring some minor improvement throughout, ideal for investors or owner occupiers.

Accommodation

Ground floor: entrance hall, living room (14'9" x 12'6"), dining kitchen (12'2" x 9'6"), and bathroom (9'6" x 6'11"). First floor: bedroom one (12'6" x 7'7") and separate WC. Second floor: bedroom two (12'9" x 12'9"). Exterior: front forecourt and private rear maintenance-free yard with store shed and electricity; outside water taps in both forecourt and rear yard.

Location

Trafalgar Terrace is conveniently located close to Scarborough town centre, offering shops, supermarkets, cafés and everyday amenities. The property benefits from nearby bus services, railway links and road connections. Scarborough’s seafront, beach and recreational facilities are within easy reach. It is also close to Peasholm Park, the Open Air Theatre, local shops and the beach.

Tenure / Property Information

Investment Analysis

Five completed sales on the same terrace range from £60,000 to £110,000, with a median of £88,000 and mean of £87,200. The £88,000 base GDV uses the median, while £75,000 and £110,000 are adopted as evidence-supported low and high scenarios. Differences in condition, specification and timing are not evidenced, so the range is indicative only.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and a verified minor-works budget. The evidence supports potential value at the guide against same-terrace sales, but insufficient rent and project-cost data prevent a robust BTL, BRRR or flip bid.

Works Required

The description supports only minor improvement throughout. The specific works, condition, specification and costs are not provided, so a scope and budget require inspection and legal-pack review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £88,000 base GDV, 75% refinancing is £66,000. However, refurbishment cost, total project cost, finance costs and achievable rent are unsupported, so cash left in and refinance viability cannot be established. The guide plus stated buyer and admin charges is £73,000 before works and other charges.

Buy-to-Let Analysis

BTL cannot be underwritten from the supplied evidence because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Gross rent and yield are therefore unavailable. At the £70,000 guide, the stated buyer premium and admin charge add £3,000 before any disbursements or refurbishment.

Flip Analysis

The £88,000 base GDV indicates a nominal £15,000 difference against the £70,000 guide plus the £3,000 stated buyer and admin charges, before works, selling costs, finance, legal costs, disbursements and tax. This is not a reliable flip surplus because the works budget and selling allowance are unavailable.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified despite the stated need for minor improvement.

• No reliable rental evidence is available, preventing yield and cash-flow assessment.

• Auction disbursements and possible special-condition charges are unspecified.

• The comparable sales range is wide, from £60,000 to £110,000.

• Finance, selling costs, tax and holding costs are not provided.

Recommendation

Proceed only subject to inspection, legal-pack review and a verified minor-works budget. The evidence supports potential value at the guide against same-terrace sales, but insufficient rent and project-cost data prevent a robust BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

Same-terrace completed-sale evidence is relatively strong, but condition differences, refurbishment costs, rent, EPC, legal-pack disbursements and selling costs are not supplied.