Park Avenue, Redcar TS10 3 bed terraced house for sale

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Park Avenue, Redcar TS10 3 bed terraced house for sale

Park Avenue, Redcar, TS10
£145,000

Our Summary

  • Property Overview:Ground Floor Commercial Unit – Refurbished and let at £475 PCMSpacious 3-Bed Residential Apartment – Tenanted and producing £650 PCMForecourt Parking for Six Vehicles – Huge bonus for both commercial and residential tenantsPrivate Rear Garage – Additional storage or potential income stream

Description

This high-yield turnkey investment property offers a standout opportunity for savvy investors, delivering an approximate 12% gross return. The property has been recently upgraded with a new central heating system, brand-new radiators, and cavity wall insulation, making it a low-maintenance investment. The mixed-use property features a refurbished and let ground-floor commercial unit producing £475 per month, as well as a spacious 3-bedroom residential apartment that is tenanted and generating £650 per month. The property also boasts a generous forecourt with off-street parking for up to six vehicles, a rare and highly attractive feature that adds significant value and long-term appeal. With quality tenants already in situ, this is a hands-off investment that provides a stable income stream and future growth potential.