Unlocking Coastal Luxury: Coast & County's Exclusive Investment Opportunity in Filey

 

One of the most alluring aspects of this project is its exclusive off-market status. By securing this property directly with the vendor, Coast & County has once again demonstrated its knack for identifying hidden gems in the real estate market. Off-market deals provide a unique advantage, allowing investors to bypass competition and secure properties with excellent potential before they hit the open market. 

 

 

The property in question boasts a purchase price of £170,000, presenting a remarkable entry point for investors seeking an attractive return on investment. Currently in the planning permission process for the conversion into three luxurious one-bedroom apartments, the potential for increased property value is evident. 

 

 

Adding to the allure of this project is the fact that architectural drawings have already been completed. This not only expedites the planning and development process but also allows investors a visual preview of the final result. The design emphasizes modern aesthetics and functionality, aligning perfectly with the expectations of discerning tenants and homebuyers. 

 

 

Filey, nestled near Scarborough, is a quaint coastal town known for its beautiful sandy beaches and charming local shops and cafes. The strategic location of this property offers residents and tenants the best of both worlds – the tranquillity of a coastal retreat and the convenience of being close to Scarborough's amenities. 

The appeal of Filey extends beyond its scenic landscapes. The town has become an increasingly popular destination for those seeking a peaceful escape, making it an ideal location for luxury apartments. With a focus on providing a serene living experience, the project aligns perfectly with the desires of modern homebuyers looking for a balance between natural beauty and urban convenience. 

 

 

Investors are always keen to understand the potential returns on their investment. In this case, the Gross Development Value (GDV) is estimated at an impressive £330,000. This substantial increase in value, combined with the off-market advantage and strategic location, positions this project as a lucrative investment opportunity. 

 

 

Adding to the project's attractiveness is the fact that it is a freehold property. This means investors have full ownership of both the land and the property, providing greater control and flexibility in decision-making and adding further uplift in value once the conversion has been completed. Furthermore, a significant hurdle in property development is often the assembly of a reliable and skilled build team. However, with this project, Coast & County has already secured a proficient build team, stream-lining the development process and ensuring the project progresses smoothly.