Property description
Auction Details
FOR SALE BY NATIONAL ONLINE AUCTION ON TUESDAY 28TH OCTOBER - Guide Price £170,000
*ATTENTION INVESTORS* - A mid-terrace block of four, one-bedroom, self-contained apartments, sold with tenants in situ in all but one flat, generating a gross annual income of £24,060* (when fully let).
Main Description
56 Trafalgar Square is a block of 4 one bedroom, self contained apartments to be sold with tenants in situ with a annual income potential of £24,060* (Flat 4 is currently vacant). Trafalgar Square is a short walk to Scarborough's Town Centre and North Bay Beach with a parade of local shops on it's doorstep, well located for Peasholm Park and the beach. The block is split in to 4 apartments, Ground Floor with rear garden, First Floor, Second Floor and Top Floor. The property also had a new roof in 2024.
Flat 1
One Bedroom Apartment with Garden - Let at £530pcm
Door from communal hallway into living room, bay window to the front, wall mounted radiator and feature fireplace, door into bedroom with wall mounted radiator and window to the rear. Door into the kitchen with range of wall and base units, sink and space for appliances, door out to rear garden and door in door into bathroom with shower over bath, window to the side, pedestal basin and WC.
Living Room - 4.10 × 4.16
Bedroom - 3.69 x 3.81
Kitchen - 1.99 × 5.20
Bathroom - 1.86 x 1.56
EPC Grade D and Council Tax Band A
Flat 2
One Bedroom First Floor Apartment - Let £500pcm
Door from communal hallway on first floor into entrance hall, door into bedroom with window to the front, door in to living room with window to the front. Door from living room into the kitchen with wall and base units, sink and space for appliances - door into bathroom with bath, basin and WC, window to the rear.
Living Room - 3.07 × 4.12
Bedroom - 1.79 x 3.42
Kitchen - 3.09 × 2.71
Bathroom - 3.10 x 1.06
EPC Grade D and Council Tax Band A
Flat 3
One Bedroom Second Floor Flat - Let at £500pcm
Door from second floor landing into hallway, door into bedroom with bathroom to the rear, bath, WC and sink. Door from hall in to living with window at the front and door into the kitchen wall and base units, window to the front, sink and space for appliances.
Living Room - 3.07 × 4.12
Kitchen - 1.77 × 3.42
Bedroom - 3.08 × 2.70
Bathroom - 3.09 × 1.06
EPC Grade C and Council Tax Band A
Flat 4
One Bedroom Top Floor Flat - Previously Let at £475pcm (Vacant)
Door from third floor landing into kitchen with fitted wall and base units, sink and space for appliances, door into bathroom with bath, sink and WC. Door into living room with window to the front and door into bedroom with window to the front.
Living Room - 3.07 × 3.42
Kitchen - 3.08 × 2.70
Bathroom - 3.09 × 1.06
Bedroom - 2.02 × 3.42
EPC Grade D and Council Tax Band A
External
To the front of the property is a gated forecourt with gravelled area and to the rear is a private garden belonging to Flat 1 made up of up decked area, patio rea, plants and flowers and gate to the rear access. Parking is on street and a disc zone, a resident's permit may be obtained through the Council.
Additional Information
Services
The property is connected to mains water, drainage, and electricity, but these have not been tested. Gas is connected to flat 1 only.
Tenure
Freehold. The property is sold subject to existing tenancies - please see the legal pack for details
Council Tax
Council Tax is payable to the North Yorkshire Council.
Viewings
Strictly by appointment with Reeds Rains on[use Contact Agent Button] or the joint agents Auction House on[use Contact Agent Button].
Joint Agents
Auction House Hull & East Yorkshire
[use Contact Agent Button].
Solicitor
Rachel Williams at HNW Law [use Contact Agent Button]
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 1.00 pm on Monday, 3rd November 2025, and closing on Tuesday, 4th November 2025 2025, at 1.00 pm. For further legal information relating to this lot, please go to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT), and a buyers premium of £1,800 (£1,500 plus VAT) in addition to the purchase price of the property.
Guide Price
Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Agent Note
HMRC is a supervisory body for money laundering regulations, of which all estate agents need to be registered. As part of this, there are multiple requirements that agents must rigorously and consistently meet to ensure they stay compliant with the regulations and protect their clients. To do this, we use an identity verification service, approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF). This method and the process we follow to ensure compliance for your transaction come with significant time, financial and legal implications hence a portion of this is passed on. We elected for this verification process due to the speed, certainty, and accuracy it delivers. This helps us to protect all our client's interests by using the most advanced verification process to help prevent the impacts of money laundering alongside our internal manual policies and procedures while staying compliant with HMRC. The administrative charge for this process is £40 plus VAT for a sole purchaser, £65 plus VAT for two purchasers and £75 plus VAT three or more purchasers.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
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