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2 bedroom apartment for sale
1 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£25,000
1 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£25,000
Our Summary
- Guide Price £25,000 - £50,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT For sale by unconditional online auction on the 26th of March 2025
- High Yield 2 Bedroom Ground Floor Flat For Sale By Online Auction - Current Gross Yield: 15
- 32% Description Investment Opportunity High-Yield Ground Floor Flat for Sale Property Overview Location: Flat 1, Laburnum House, TS10 1TA Property Type: Ground Floor Flat Bedrooms: 2 Bathrooms: 1 Tenure: Leasehold Tenancy Status: Fully Let Investment Strategy: Buy-to-Let Key Features High-Yield Investment Strong ROI from Day One Fully Tenanted Competitive Room Rates / Market Rent Prime Location with Strong Rental Demand Close to Key Transport Links, Shops & Amenities Full Legal Pack Available for Quick Purchase Completion in as little as 28 Days Current Investment Figures Current Rental Income: £600 PCM / £7,200 PA Current Gross Yield: 15
- Turnkey investment with immediate rental income Growing rental market in a high-demand location Strong potential for long-term appreciation Hassle-free purchase with full legal pack available Secured sale with no chain & quick 28-day completion Interested
Description
This is a high-yield investment opportunity, a 2-bedroom ground floor flat located in a prime area with strong rental demand. The property is fully tenanted, generating a current rental income of £600 per calendar month, resulting in a gross yield of 15.32%. The property is being sold through an unconditional online auction on March 26, 2025, with registration open now and bidding opening at 10:00 am on the auction day. The property is a turnkey investment, with a full legal pack available for a quick purchase and completion in as little as 28 days. The current owner is motivated to sell, and the property offers a hassle-free purchase with no chain. With a strong potential for long-term appreciation and a secure sale, this is an attractive investment opportunity for those looking to generate a steady income.