£245,000
Added > 14 days
Block of apartments for sale
High Street, Loftus
01287 567499
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Block of apartments
0 bed
bath
Key information
Tenure: Share of freehold
Ground rent: £150 per annum | review period: unconfirmed
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Property description & features
- Tenure: Share of freehold
- Block of 5x Apartments
- Currently Generating a Gross Yield of 12.43% (Based on a Purchase Price of £245,000)
- Strong Potential to Increase the Yield
- A Fantastic Investment Opportunity in an Up & Coming Area
- 1x Apartment Being a Holiday Let generating an average income of £14k per annum
- 4x Apartments Currently Tenanted on Residential AST Agreements
- Views over Loftus' Historic Market Place & Town Hall
- Viewing is Strictly by Appointment Only
- Please Enquire for More Details
Welcome to this exceptional property located on High Street in Loftus, right in the heart of the historic Market Place. This block of apartments offers a lucrative investment opportunity for those seeking a promising venture.
With a current gross yield of 12.43%, this property already boasts a fantastic return on investment. However, the very strong potential for further growth is what truly sets this opportunity apart. The location in Loftus' historic Market Place ensures a steady stream of interest from potential tenants or holidaymakers, guaranteeing a stable income for the future.
Whether you are an experienced investor looking to expand your portfolio or someone new to the property market, this block of apartments presents a chance to secure a valuable asset in an up-and-coming area. Don't miss out on the chance to own a piece of Loftus' history while reaping the financial rewards it has to offer.
Tenure: All apartments have their own title plan with leases attached.
Council Tax Band: All Apartments are Band-A, with the exception of Flat 3 which is currently exempt (currently a holiday rental).
EPC Ratings: Apartments 1, 2, 3 & 4 - D-Rating, and Apartment 5 - E-Rating.
Apartment One -
Hall - 8.23m x 1.80m (27'0" x 5'10") - UPVC double glazed window to the rear aspect. Laminate flooring. Door to outdoor decking area.
Living Room & Kitchen - 5.61m x 5.09m (18'4" x 16'8") - A range of wall & base units with laminate worktops. Integrated electric oven & hob. Extractor hood. 2x windows to the side aspect. Laminate flooring. LED downlighting.
Bedroom One - 3.46m x 3.10m (11'4" x 10'2") - 2x windows overlooking the outdoor decking area. Laminate flooring. Radiator.
Bedroom Two - 3.09m x 2.72m (10'1" x 8'11") - UPVC double glazed window to the side aspect. Laminate flooring. Radiator.
Bathroom - 1.73m x 1.70m (5'8" x 5'6") - Panel bath with shower above. Pedestal hand basin. Low-level W/C. UPVC double glazed window. Laminate flooring. LED downlighting.
Apartment Two -
Living Room - 5.81m x 3.39m (19'0" x 11'1") - Window. Carpeted. Radiator. Access to Bedroom One
Bedroom One - 5.33m x 3.40m (17'5" x 11'1") - Sash window to the side aspect. Carpeted. Radiator.
Bedroom Two - 4.18m x 1.76m (13'8" x 5'9") - UPVC double glazed window to the rear aspect. Carpeted. Radiator.
Bathroom - 3.21m x 2.76m (10'6" x 9'0") - Panel P-Bath with shower above. Glazed shower screen. Part-tiled walls. Low-level W/C. Pedestal hand basin. UPVC double glazed window to the rear aspect. Vinyl flooring.
Kitchen - 3.55m x 3.22m (11'7" x 10'6") - A range of wall & base units with laminate worktops incorporating stainless steel wink with single drainer. Plumbing for washing machine. Integrated electric oven & gas hob. Extractor hood. Tiled splash-backs. Laminate flooring. UPVC double glazed windows to the side aspect. Wall-mounted combi-boiler. Radiator.
Apartment Three -
Living Room - 4.85m x 3.91m (15'10" x 12'9") - UPVC double glazed bay window to the front aspect with views over the Market Place & Town Hall. Laminate flooring. 2x radiators. LED downlighting.
Kitchen - 4.76m x 3.75m (15'7" x 12'3") - A range of modern wall, base & drawer units. Integrated eye-level double oven with separate gas hob. Extractor hood. Integrated fridge / freezer. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Laminate flooring. LED downlighting. UPVC double glazed bay window to the front aspect overlooking the Market Place & Town Hall. Radiator.
Bedroom One - 4.20m x 3.29m (13'9" x 10'9") - Window to the side aspect. Carpeted. Radiator. Fitted wardrobe.
Bedroom Two - 4.04m x 2.96m (13'3" x 9'8") - UPVC double glazed window to the side aspect. Carpeted. Radiator.
Bedroom Three - 3.65m x 2.78m (11'11" x 9'1") - UPVC double glazed window to the rear aspect. Carpeted. Storage cupboard. Radiator.
Bathroom - 2.36m x 1.50m (7'9" x 4'11") - Panel bath with shower above. Glazed shower screen. Low-level W/C. Pedestal hand basin. Chrome heated towel rail. Vinyl flooring. Tiled walls. LED downlighting.
Shower Room - 1.84m x 1.75m (6'0" x 5'8") - Walk-in shower cubicle. Low-level W/C. Hand basin with vanity unit. Tiled walls. Vinyl flooring. UPVC double glazed window. Chrome heated towel rail.
Apartment Four -
Living Room - 5.95m x 3.25m (19'6" x 10'7") - Laminate flooring. Window to the side aspect. Radiator.
Bedroom One - 5.64m x 2.89m (18'6" x 9'5") - Carpeted. Window to the side aspect. Radiator.
Kitchen - 3.64m x 3.42m (11'11" x 11'2") - A range of wall & base units. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Integrated electric oven & gas hob. Extractor hood. Laminate flooring. Plumbing for washing machine. 2x UPVC double glazed windows to the side aspect. Radiator.
Bedroom Two - 4.12m x 1.76m (13'6" x 5'9") - Carpeted. UPVC double glazed window. Radiator. Loft hatch.
Bathroom - 3.22m x 2.75m (10'6" x 9'0") - Panel P-bath with shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. UPVC double glazed window. Radiator.
Storage Cupboard - 2.00m x 2.00m (approx.) (6'6" x 6'6" (approx.)) - Accessed from the landing, a handy lockable storage cupboard.
Apartment Five -
Entrance Hall - 2.21m x 1.80m (7'3" x 5'10") - Carpeted. UPVC double glazed window.
Open-Plan Living, Dining & Kitchen Area - 8.95m x 5.21m (29'4" x 17'1") - A fabulous light & airy open-plan living space with open views over the Town Hall. Carpeted to the Living & Dining Area, with laminate flooring to the Kitchen. A range of wall & base units. Laminate granite-effect worktops incorporating stainless steel 1 1/2 bowl sink with single drainer & mixer tap. Tiled splash-backs. Integrated electric oven & gas hob. Extractor hood. Plumbing for washing machine. 2x Hardwood glazed sash windows to the side aspect, 2x hardwood glazed sash windows to the front aspect & additional skylight. LED downlighting. 3x Radiators. Loft hatch.
Bedroom One - 4.33m x 4.04m (14'2" x 13'3") - Carpeted. Radiator. Hardwood glazed sash window to the front aspect.
Bedroom Two - 4.23m x 3.42m (13'10" x 11'2") - Carpeted. Radiator. Storage cupboard housing the boiler. UPVC double glazed window to the side aspect.
Bathroom - 4.28m x 2.51m (14'0" x 8'2") - Panel bath with thermostatic shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. Hardwood glazed sash window. Radiator.
Disclaimer - Please note that all measurements contained in these particulars are for guidance purposes only and should not be relied upon for ordering carpets, furniture, etc. Anyone requiring more accurate measurements may do so by arrangement with our office.
Our description of any appliances and / or services (including any central heating system, alarm systems, etc.) should not be taken as any guarantee that these are in working order. The buyer is therefore advised to obtain verification from their solicitor, surveyor or other qualified persons to check the appliances / services before entering into any commitment.
The tenure details and information supplied within the marketing descriptions above are supplied to us by the vendors. This information should not be relied upon for legal purposes and should be verified by a competent / qualified person prior to entering into any commitment.
With a current gross yield of 12.43%, this property already boasts a fantastic return on investment. However, the very strong potential for further growth is what truly sets this opportunity apart. The location in Loftus' historic Market Place ensures a steady stream of interest from potential tenants or holidaymakers, guaranteeing a stable income for the future.
Whether you are an experienced investor looking to expand your portfolio or someone new to the property market, this block of apartments presents a chance to secure a valuable asset in an up-and-coming area. Don't miss out on the chance to own a piece of Loftus' history while reaping the financial rewards it has to offer.
Tenure: All apartments have their own title plan with leases attached.
Council Tax Band: All Apartments are Band-A, with the exception of Flat 3 which is currently exempt (currently a holiday rental).
EPC Ratings: Apartments 1, 2, 3 & 4 - D-Rating, and Apartment 5 - E-Rating.
Apartment One -
Hall - 8.23m x 1.80m (27'0" x 5'10") - UPVC double glazed window to the rear aspect. Laminate flooring. Door to outdoor decking area.
Living Room & Kitchen - 5.61m x 5.09m (18'4" x 16'8") - A range of wall & base units with laminate worktops. Integrated electric oven & hob. Extractor hood. 2x windows to the side aspect. Laminate flooring. LED downlighting.
Bedroom One - 3.46m x 3.10m (11'4" x 10'2") - 2x windows overlooking the outdoor decking area. Laminate flooring. Radiator.
Bedroom Two - 3.09m x 2.72m (10'1" x 8'11") - UPVC double glazed window to the side aspect. Laminate flooring. Radiator.
Bathroom - 1.73m x 1.70m (5'8" x 5'6") - Panel bath with shower above. Pedestal hand basin. Low-level W/C. UPVC double glazed window. Laminate flooring. LED downlighting.
Apartment Two -
Living Room - 5.81m x 3.39m (19'0" x 11'1") - Window. Carpeted. Radiator. Access to Bedroom One
Bedroom One - 5.33m x 3.40m (17'5" x 11'1") - Sash window to the side aspect. Carpeted. Radiator.
Bedroom Two - 4.18m x 1.76m (13'8" x 5'9") - UPVC double glazed window to the rear aspect. Carpeted. Radiator.
Bathroom - 3.21m x 2.76m (10'6" x 9'0") - Panel P-Bath with shower above. Glazed shower screen. Part-tiled walls. Low-level W/C. Pedestal hand basin. UPVC double glazed window to the rear aspect. Vinyl flooring.
Kitchen - 3.55m x 3.22m (11'7" x 10'6") - A range of wall & base units with laminate worktops incorporating stainless steel wink with single drainer. Plumbing for washing machine. Integrated electric oven & gas hob. Extractor hood. Tiled splash-backs. Laminate flooring. UPVC double glazed windows to the side aspect. Wall-mounted combi-boiler. Radiator.
Apartment Three -
Living Room - 4.85m x 3.91m (15'10" x 12'9") - UPVC double glazed bay window to the front aspect with views over the Market Place & Town Hall. Laminate flooring. 2x radiators. LED downlighting.
Kitchen - 4.76m x 3.75m (15'7" x 12'3") - A range of modern wall, base & drawer units. Integrated eye-level double oven with separate gas hob. Extractor hood. Integrated fridge / freezer. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Laminate flooring. LED downlighting. UPVC double glazed bay window to the front aspect overlooking the Market Place & Town Hall. Radiator.
Bedroom One - 4.20m x 3.29m (13'9" x 10'9") - Window to the side aspect. Carpeted. Radiator. Fitted wardrobe.
Bedroom Two - 4.04m x 2.96m (13'3" x 9'8") - UPVC double glazed window to the side aspect. Carpeted. Radiator.
Bedroom Three - 3.65m x 2.78m (11'11" x 9'1") - UPVC double glazed window to the rear aspect. Carpeted. Storage cupboard. Radiator.
Bathroom - 2.36m x 1.50m (7'9" x 4'11") - Panel bath with shower above. Glazed shower screen. Low-level W/C. Pedestal hand basin. Chrome heated towel rail. Vinyl flooring. Tiled walls. LED downlighting.
Shower Room - 1.84m x 1.75m (6'0" x 5'8") - Walk-in shower cubicle. Low-level W/C. Hand basin with vanity unit. Tiled walls. Vinyl flooring. UPVC double glazed window. Chrome heated towel rail.
Apartment Four -
Living Room - 5.95m x 3.25m (19'6" x 10'7") - Laminate flooring. Window to the side aspect. Radiator.
Bedroom One - 5.64m x 2.89m (18'6" x 9'5") - Carpeted. Window to the side aspect. Radiator.
Kitchen - 3.64m x 3.42m (11'11" x 11'2") - A range of wall & base units. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Integrated electric oven & gas hob. Extractor hood. Laminate flooring. Plumbing for washing machine. 2x UPVC double glazed windows to the side aspect. Radiator.
Bedroom Two - 4.12m x 1.76m (13'6" x 5'9") - Carpeted. UPVC double glazed window. Radiator. Loft hatch.
Bathroom - 3.22m x 2.75m (10'6" x 9'0") - Panel P-bath with shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. UPVC double glazed window. Radiator.
Storage Cupboard - 2.00m x 2.00m (approx.) (6'6" x 6'6" (approx.)) - Accessed from the landing, a handy lockable storage cupboard.
Apartment Five -
Entrance Hall - 2.21m x 1.80m (7'3" x 5'10") - Carpeted. UPVC double glazed window.
Open-Plan Living, Dining & Kitchen Area - 8.95m x 5.21m (29'4" x 17'1") - A fabulous light & airy open-plan living space with open views over the Town Hall. Carpeted to the Living & Dining Area, with laminate flooring to the Kitchen. A range of wall & base units. Laminate granite-effect worktops incorporating stainless steel 1 1/2 bowl sink with single drainer & mixer tap. Tiled splash-backs. Integrated electric oven & gas hob. Extractor hood. Plumbing for washing machine. 2x Hardwood glazed sash windows to the side aspect, 2x hardwood glazed sash windows to the front aspect & additional skylight. LED downlighting. 3x Radiators. Loft hatch.
Bedroom One - 4.33m x 4.04m (14'2" x 13'3") - Carpeted. Radiator. Hardwood glazed sash window to the front aspect.
Bedroom Two - 4.23m x 3.42m (13'10" x 11'2") - Carpeted. Radiator. Storage cupboard housing the boiler. UPVC double glazed window to the side aspect.
Bathroom - 4.28m x 2.51m (14'0" x 8'2") - Panel bath with thermostatic shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. Hardwood glazed sash window. Radiator.
Disclaimer - Please note that all measurements contained in these particulars are for guidance purposes only and should not be relied upon for ordering carpets, furniture, etc. Anyone requiring more accurate measurements may do so by arrangement with our office.
Our description of any appliances and / or services (including any central heating system, alarm systems, etc.) should not be taken as any guarantee that these are in working order. The buyer is therefore advised to obtain verification from their solicitor, surveyor or other qualified persons to check the appliances / services before entering into any commitment.
The tenure details and information supplied within the marketing descriptions above are supplied to us by the vendors. This information should not be relied upon for legal purposes and should be verified by a competent / qualified person prior to entering into any commitment.
Property information from this agent
Places of interest
Inglebys Estate Agents offer a range of sales, rental and mortgage services in Saltburn, East Cleveland and beyond. If you’re looking to sell or let your property you will always benefit from an Estate Agent that has extensive local knowledge and is up to date within the areas which you want to buy, sell or let. Established in 1994 Inglebys are a family run business based in the seaside town of Saltburn, we have experienced steady growth and a growing reputation over the years. Since opening our office in Saltburn we have built a strong estate agency service which serves both residential and commercial properties. In addition to this we have a very well established professional lettings service with a large managed portfolio. Our reputation, expertise, integrity and great customer service have helped us become one of the most trusted independent estate agents in the area. This is our area, and we know it best! It is true to say that our industry has seen many changes, mainly with the advent of on-line agents. However, we find that nothing can replace local and professional knowledge of our area with extensive experience of selling and letting property. We offer simple contracts with no hidden costs and/or fee’s… The location of our office at the centre of one of East Clevelands busiest towns means that we do not have to rely on on-line portals alone to sell your property. The High Street agent still has a lot to offer! Lee Ingleby is a Fellow of the National Association of Estate Agents (NAEA), a voluntary code of conduct which we subscribe to as well as The Property Ombudsman. Reaffirming our commitment that we are happy to act in a regulated fashion in a non-regulated industry!
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Property reference 33399531. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Inglebys Estate Agents - Saltburn by the Sea.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.