Coast & County, in collaboration with SAVVY Sourcing, is thrilled to announce its latest off-market gem for investors - a mixed-use property in the charming coastal town of Filey, strategically positioned near Scarborough. 
This exciting venture offers the chance to transform the property into three luxurious one-bedroom apartments, adding value to the picturesque community and creating an exceptional return on investment. In this blog, we'll delve into the details that make this project an unparalleled opportunity for savvy investors. 
Off-Market Excellence 
 
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. 
 
Property Overview 
 
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. 
 
Architectural Vision 
 
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. 
 
Strategic Location in Filey 
 
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. 
 
Projected Returns: GDV at £330,000 
 
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. 
 
Freehold Property and Established Build Team 
 
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. 
Coast & County's latest investment opportunity in Filey stands as a testament to our commitment to providing exclusive and profitable ventures for our investors.  
 
From the off-market advantage to the strategic location and established build team, every facet of this project has been meticulously planned to offer unparalleled value. Investors looking for a chance to capitalise on the thriving property market should not miss the opportunity to be part of this exciting venture.  
 
As the coastal luxury vision unfolds, so too will the returns on this exceptional investment. 
 
For further details please email sarah@coastandcountyproperties.co.uk 
 
 
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