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2 bedroom apartment for sale
15 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£50,000
15 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£50,000
Our Summary
- Guide Price £50,000 For sale by unconditional online auction on the 25th of June 2025
Description
This property is a ready-made investment opportunity, a fully tenanted 2-bedroom upper floor flat located in TS10 1TA, available for sale by unconditional online auction on June 25, 2025. The flat is leasehold and has a strong rental yield, generating £600 per month, which translates to £7,200 per annum. The property is in a high-demand location, close to transport, shops, and amenities, and offers a quick completion possible within 28 days. The investment figures show a gross yield of 15.32%, making it an attractive opportunity for buy-to-let investors. The property is already fully let, providing immediate rental earnings, and the seller is willing to complete the sale quickly, making it a hassle-free purchase with no chain.