PH Estate Agents says ..
This modern two bedroom ground floor flat is the perfect BUY TO LET OPPORTUNITY paying £720pcm - that's A WHOPPING 12% YIELD / RETURN ON INVESTMENT ! Ideally situated near a vibrant array of local conveniences, with an assortment of restaurants, bars, and shops just a stone's throw away....
Property Oracle says ..
This two-bedroom apartment located on Coatham Road, Redcar, presents a potentially appealing option for first-time buyers or investors. The property is positioned close to Redcar Central railway station, providing easy access to public transportation links. The surrounding area features various amenities, including schools and shops within walking distance, enhancing its appeal. The images show the interior to be in fairly good condition, with a functional layout and modern-looking fixtures. The apartment’s size at 635 sqft offers adequate space for a couple or small family, with two bedrooms and one bathroom. While the property doesn’t include a private garden, its price point of £70,000 presents a potentially attractive opportunity in this area. The lack of a plot size, along with limited comparable property data for pricing per square foot, presents a limitation for assessing the price-to-value proposition with complete accuracy. Potential buyers should engage in a thorough property survey before committing to purchase to assess the condition and identify any potential maintenance or repair needs. Investors might also carefully analyze rental yields in the vicinity to compare with other investment possibilities.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 635.07
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 97,500.00 £Decreased by 25.71 %
- Est sale value
- 64,777.14 £Decreased by 3.77 %
- Average area rental value
- 570.00 £/moIncreased by 17.77 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 7.02 %Increased by 58.47 %
- Crime Rate
- 48.00 %Unchanged by 0.00 %
Agent Activity
PH Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Redcar Coast Surestart Children'S Centre | Children's Centre | 0.38 KM | |
| Zetland Primary School | Academy Converter | Good | 1.19 KM |
| Sacred Heart Catholic Secondary | Academy Converter | Requires improvement | 1.23 KM |
| St Benedict'S Catholic Primary School | Academy Converter | Good | 1.27 KM |
| Coatham Church Of England Primary School | Academy Converter | 1.41 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Arundel Street | £ 0 | 0 | 0.00 KM |
| Easson Road | £ 0 | 0 | 0.00 KM |
| Brooksbank Avenue | £ 133,333 | 0 | 0.00 KM |
| George Street | £ 80,000 | 0 | 0.00 KM |
| Corporation Road | £ 280,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Redcar Central | 7950 | RCC | 0.21 KM |
| Redcar East | 7974 | RCE | 2.21 KM |
| Redcar British Steel | 7932 | RBS | 4.78 KM |
| Longbeck | 7978 | LGK | 5.44 KM |
| Marske | 7928 | MSK | 6.62 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Coatham Road, Redcar | £ 118,750 | BUY | Unknown | 0.04 KM |
| Milbank Terrace, Redcar | £ 45,000 | BUY | 6 / 10 | 0.09 KM |
| Station Road, Redcar, North Yorkshire, TS10 | £ 90,000 | BUY | 5 / 10 | 0.10 KM |
| Station Road, Redcar, North Yorkshire, TS10 | £ 80,000 | BUY | Unknown | 0.11 KM |
| Coatham House, Coatham Road, Redcar, TS10 1TE | £ 59,000 | BUY | 6 / 10 | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 4 - 6 Coatham Road | £ 175,000 | 0.08 KM |
| 6 Coatham Road | £ 175,000 | 0.08 KM |
| 26 Coatham Road | £ 104,000 | 0.08 KM |
| 10 Milbank Terrace | £ 85,000 | 0.09 KM |
| 44a Station Road | £ 145,000 | 0.10 KM |