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3 bedroom end of terrace house for sale
Station Road, Redcar
£160,000
Station Road, Redcar
£160,000
Our Summary
- AN INVESTMENT OPPORTUNITY AWASH WITH POTENTIAL LOCATED WITHIN A MATTER OF YARDS FROM REDCAR SEA FRONT AND PIER, THEREFORE OFFERING GENUINE ' SEA VIEWS' FROM THE FRONT ELEVATION
- CURRENTLY BEING FULLY LET, AT A RENTAL INCOME OF £360 PCM PER APARTMENT (WHICH IS FAR LESS THAN CURRENT MARKET VALUE IN THE SAME CONDITION) HOWEVER THE POTENTIAL TO UPGRADE AND THEN LET OUT TO CONTRACTORS AND OR HOLIDAY MAKERS ON AN 'AIR BNB' OR 'BOOKING
- ALBEIT IT WOULD BENEFIT FROM UPGRADING AND MODERNISATION, THE FLOOR SPACE THAT THE PROPERTY OFFERS WILL ALWAYS DRAW INTEREST FROM TENANTS
Description
This three-storey end-terrace property is located just yards from Redcar sea front and pier, offering genuine sea views from the front elevation. The property has been converted into three self-contained one-bedroom apartments, each with its own lounge, double bedroom, kitchen, and bathroom/shower room. The apartments are currently fully let, generating a rental income of £360 per month per apartment, which is below the current market value. The property has potential for upgrading and modernizing, allowing for higher rental income or even short-term lets through Airbnb or Booking.com. With its prime location and generous floor space, the property is likely to attract interest from tenants.