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2 bedroom apartment for sale
1 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£35,000
1 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£35,000
Our Summary
- Guide Price £35,000 - £50,000 For sale by unconditional online auction on the 30th of April 2025
- Prime Investment: High-Yield 2-Bed Ground Floor Flat for Sale by Online Auction Current Gross Yield: 15
- 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 property is a high-yield, 2-bedroom ground floor flat located in TS10 1TA, currently generating a gross yield of 15.32% with a rental income of £600 per calendar month. The property is fully let and is being sold by online auction on April 30th, with bidding opening at 10:00 and closing at 13:05. The flat is situated in a prime location with strong rental demand, close to key transport links, shops, and amenities. The current investment figures show a strong return on investment, making it an attractive opportunity for buy-to-let investors. The property is being sold with a full legal pack available for a quick purchase, with completion expected within 28 days. With its competitive room rates, growing rental market, and strong potential for long-term appreciation, this property is an excellent investment opportunity for those looking to generate a high return on their investment.