This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Leasehold
- Leasehold residential investment
- Coastal location close to town centre
- Two bedroom apartment
- Let on an AST
- Producing £5,100 per annum
- Guide price reflects a gross initial yield of 14.6%
- Online Auction on Thursday, 30 March 2023
A split level two bedroom apartment forming part of a larger purpose-built development that is in the process of being re-carpetted & re-decorated. The property is arranged as follows:
First floor
- Kitchen
- Living Room
Second floor
- Two bedrooms
- Bathroom/WC
Location:
Redcar is a coastal town lying about 8 miles east of Middlesbrough and 23 miles north east of Darlington and can be accessed via the A174, A1085 and A66. The town has two railway stations, these being Redcar Central and Recar East, which provide regional rail services and numerous bus services serve the town.
Harwal Road runs south from York Road, about 1 mile to the west of the town centre and Redcar Central railway station and within a few minutes walk of the beach. The property forms part of a purpose-built block of flats at the southern end of Harwal Road in a mainly residential area.
Tenancy:
Let on an Assured Shorthold Tenancy for a term of 12 months from 12/12/2022 at a rent of £5,100 per annum (£425 per calendar month). A rent deposit equivakent to two months rent is held.
Online Auction on Thursday, 30 March 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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Broadband availability and predicted speed: obtained from Ofcom on November 15, 2022
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on November 15, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 23, 2013 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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