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See how verdicts work7-bedroom house · TS10 1DB
For saleListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional opportunity to acquire a prime seaside property positioned along the prestigious esplanade, boasting uninterrupted views across the beach and coastline.
Currently operating as the well-known "Lakeside" hotel, this impressive building is set over four spacious floors and offers a wealth of versatility for investors, developers, or those seeking a stunning coastal residence.
The property features generous bedrooms, all benefiting from the bright, airy atmosphere created by its modern layout and expansive proportions.
Large windows throughout invite in natural light while framing breathtaking sea views, enhancing the sense of space and tranquillity.
Designed with both comfort and functionality in mind, the interior offers a contemporary feel with substantial living and reception areas, ideal for hospitality use or conversion into luxury apartments or a substantial private home.
To the rear, a private yard provides additional outdoor space, suitable for further development, parking, or leisure use.
With its enviable beachfront location, sizeable footprint, and significant development potential, this property presents a rare chance to invest in a thriving coastal setting.
Whether continued as a successful hotel, reimagined as boutique accommodation, or transformed into an exclusive residence, the possibilities here are extensive.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Newcomen Terrace, Redcar, North Yorkshire, TS10
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