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2 bedroom terraced house for sale
57 Errington Street, Brotton, Saltburn-by-the-Sea, Cleveland, TS12 2TA
£55,000
57 Errington Street, Brotton, Saltburn-by-the-Sea, Cleveland, TS12 2TA
£55,000
Our Summary
- Guide Price £55,000 - £70,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT For sale by unconditional online auction on the 26th of February 2025
- High-Yield 2-Bed Buy-to-Let Property Description Property Overview Location: 57 Errington Street, TS12 2TA Property Type: 2-Bed Terraced House Bedrooms: 2 Bathrooms: 1 Tenure: Freehold Tenancy Status: Fully Let Investment Strategy: Buy-to-Let Key Features High-Yield Investment Strong ROI from Day One Fully Tenanted Immediate Rental Income Stable Rental Market with Strong Demand Low Maintenance, Turnkey Investment Opportunity Comparable Market Value: £75,000 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: £550 PCM / £6,600 PA Current Gross Yield: 9
- 71% Potential for Capital Growth: Medium Value-Add Potential: Secure long-term tenancy with rental growth potential
- Capital Growth Potential: Strong rental market with potential for future appreciation
- 71% Desirable Rental Location with Consistent Demand No Chain Fast, Hassle-Free Completion Available Low Maintenance, Turnkey Investment Opportunity Interested
Description
This high-yield 2-bedroom buy-to-let property is being sold through unconditional online auction on February 26, 2025, with a guide price of £55,000-£70,000 plus a 5% buyer's premium or a minimum of £5,000 + VAT. The property is located in Errington Street, TS12 2TA, and is fully tenanted, generating a strong ROI of 9.71% from day one. The current rental income is £550 per calendar month, with a potential for capital growth and rental growth in the future. The property is in a stable rental market with strong demand, and is close to key transport links, shops, and amenities. The vendor is motivated to sell, and the property can complete in as little as 28 days. This is an ideal investment opportunity for those looking to grow their property portfolio in a high-yielding area.