House for sale in Whitby, Royal Crescent, YO21 : York : YOR230246

You are here:

Back

8 bedroom house, Royal Crescent, Whitby YO21 - Sold STC

sold stc

Royal Crescent, Whitby YO21

8 Bedroom | Freehold | 8 Baths | Holiday Complex

Guide price £850,000

Whitby 0.4 miles

Ruswarp 1.4 miles

Sleights 2.6 miles

A significant Victorian townhouse situated on the Royal Crescent with panoramic sea views. A successful B&B with an opportunity for redevelopment.

The Langley was built in 1851 and opened as the Lancaster Boarding House in 1854 to accommodate visitors to the new railway link, made possible by George Hudson. He saw the potential in the town, which had its own fashionable spa at the time, for attracting wealthy industrialists of the north, and developed the West Cliff fields for hotels and boarding houses. A builder by the name of Langdale was commissioned to emulate the grand crescent buildings of Bath, and the neighbouring streets were to be lined with houses for the gentry.
The Crescent was never completed, and during the Second World War, the MOD took posession of the buildings on the sea front for military barracks and The Langley was turned into accommodation for the Army.

Today, The Langley operates as a 5 star luxury bed and breakfast, offering 6 spacious guest suites with extensive services and amenities. Ideally situated on Whitby's popular West Cliff, the rooms boast generous proportions and panoramic views across the Crescent Gardens to the North sea. The Victorian building rises to 6 floors, and has been very well maintained and upgraded in recent years, including the installation of double-glazed sash windows.

The ground floor is split between guest facilities and owners' accommodation; a front sea-facing dining room, and a separate hallway leading to the owners' living room. The lower ground floor provides 2 bedrooms and 2 bathrooms with separate rear access.

The current owners have built a successful business with an outstanding reputation; run with minimal staffing and through their own website making it cost-effective and efficient. There is potential for further income through the existing business model, with additional rooms on the 6th floor ripe for development. Alternatively, the property offers excellent scope for redevelopment to residential use, as a single or multiple dwellings (subject to necessary planning consents). Many of the buildings along the Crescent have been divided into apartments, offering alternative income streams through long or short-term rentals.

The next steps...

Establish funds

How will you fund the purchase?

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.

To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.

Some advantages of a broker are:

They do all the legwork for you, working on your behalf with the lender
They compare wholesale mortgage rates from a large number of banks and lenders all at once
Their wholesale interest rates can be lower than retail (bank branch) interest rates
They offer more loan options because they work with numerous banks and lenders
They can finance tricky deals because of their knowledge and various lending partners
They are typically easier to get in contact with, and are less bureaucratic.

However advantages of working with your bank are:

You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
You may already know the banker who will handle your mortgage
Banks may be more accountable than a smaller shop
They may offer lower interest rates in some cases
Their ability to add mortgage to existing banking profile and make automatic payments from linked account.

Making an offer

with Carter Jonas.

When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.

Need to sell a property

or thinking of letting?

If you have a property to sell, why not see how we can help you.

Or if you’re considering letting your property, we can take the stress out of managing your rental, and our award winning lettings team offer a service that can be tailored to your needs.

Combined with nearly 170 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how Carter Jonas can help you make your next move.