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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 - £62,000 For sale by unconditional online auction on the 29th of May 2025
- 71% Description Property Overview Location: 57 Errington Street, TS12 2TA Property Type: 2-Bed Terraced House Bedrooms: 2 Bathrooms: 1 Tenure: Freehold Status: Vacant 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 Projected Investment Figures (If Market Rent is Achieved) Market Rental Potential: £550 PCM / £6,600 PA Projected 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
- Desirable Rental Location with Consistent Demand No Chain Fast, Hassle-Free Completion Available Low Maintenance, Turnkey Investment Opportunity Interested
Description
This 2-bedroom, 1-bathroom terraced house in Middlesbrough is being sold by unconditional online auction on May 29th, 2025, with a guide price of £55,000-£62,000. The property is a buy-to-let opportunity with a projected gross yield of 9.71% and is fully tenanted, generating immediate rental income. The property is located in a stable rental market with strong demand, close to key transport links, shops, and amenities. The property is in need of minimal maintenance and offers a turnkey investment opportunity. The seller is offering a full legal pack and completion can be achieved in as little as 28 days. The property has a comparable market value of £75,000 and offers potential for capital growth and rental growth. Investors can expect a strong return on investment with this property, making it an attractive opportunity for those looking to grow their portfolio.