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Conversion of ​Grade II listed Shed
into 11 holiday Apartments

Engine Shed, Waterstead Ln, Whitby YO21 1AE

The Property

The Engine Shed is a Grade II listed former railway building, now converted into 11 serviced holiday apartments. The structure retains its original industrial character, including arched brick detailing and cast-iron features.

The building includes a mix of one- and two-bedroom units across three levels, all designed to meet the high standards of the holiday let market. Nine of the units are retained within the portfolio and actively operated as short-term rentals.

The Location

Positioned at the heart of Whitby’s historic dockside, this Grade II listed property lies steps from the North Yorkshire Moors Railway and within walking distance of the harbour, beach, and town centre. The site offers year-round tourist demand, making it ideal for high-performing holiday let accommodation in one of England’s most iconic coastal towns.

The Strategy

Convert, Refinance and Retain as Serviced Accommodation

Financials

  • Purchase: £450,000 

  • Total Cost: £1,851,000 

  • GDV: £2,695,000 

  • Profit: £844,000 (31.32%) 

Current Status

Completed; 9 units retained, 2 sold

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