We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom semi-detached house · TS10 2RR
For saleListed 322 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Perfect opportunity to acquire this 50% shared ownership 2 bedroomed family home situated in popular Ings location, within easy reach of local shops and sought after schooling.
Property benefits from front and rear gardens along with driveway leading to garage.
Detailed Accommodation: Sheringham Court, Redcar Entrance hall: uPVC double glazed door, front access, Radiator, Leads to Lounge.
Lounge: 17'6" x 11'5" (5.39m x 3.53m) uPVC double glazed bow window, front aspect, feature fireplace incorporating coal effect fire, decorative coving, radiator, leading to Kitchen and Staircase.
Kitchen: 11'5" x 8'2" (3.53m x 2.50m) uPVC double glazed window, rear aspect, range of wall, floor and drawer units, integrated electric oven and hob, overhead extractor hood, plumbing for washing machine, part tiled surround, uPVC double glazed door leading into Rear Garden.
Landing: Leads to Bedrooms and Bathroom. Bedroom one: 11'5" x 8'2" (3.52m x 2.51m) uPVC double glazed window, rear aspect, built in storage cupboard, radiator.
Bedroom two: 11'6" x 9'8" (3.54m x 3m) uPVC double glazed window, front aspect, radiator.
Bathroom: uPVC frosted double glazed window, side aspect, pedestal wash hand basin, low level W/c, panelled bath with overhead electric shower, tiled surround, extractor fan, airing cupboard.
Front Garden: Mainly laid to lawn. Rear Garden: Mainly laid to lawn, with paved patio area, bordered with shrubs. Driveway: Driveway leading to garage.
Garage: Single Brick built garage, up and over door. Council Tax Band B Anyone wishing to purchase the property must be assessed and approved by Home Group before any sale can be agreed.
Sales Information: * * Tenure: Leasehold * * Scheme: Shared Ownership * * Percentage: 50% * * Price: £75,000 (50% of the 100% market value £150,000) * Staircasing: Further shares can be purchased after three months ownership of the property * * Lease term: 125 years from 1st January 1997 * * Pets: Pets are permitted Charges payable: The current monthly charges payable to Home Group from 1st April 2025 are £306.71 and are broken down as follows: * * Rent- £271.63 PCM * * Management charge - £2.08 PCM * * Insurance charge- £33.00 PCM The above charges are reviewed annually on 1st April.
Agents notes: Services: All descriptions of any appliances of service should not be relied upon that there are in good working order.
The buyer should obtain verification from their solicitor or other qualified person before entering into any commitment on the property.
Measurements: All measurements are approximate and should not be relied upon. Should your require more accurate measurements this can be arranged though our office.
Description: Dimensions, descriptions, necessary permission and other details are given without responsibility any intending purchaser must satisfy themselves by inspection or otherwise as to the accuracy of them.
No person in the employment of kings estate agents has an authority to make or give representation or warranty in relation to this property.
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 Sheringham Court, Redcar, North Yorkshire, TS10
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