2-bedroom flat · TS10 1ED
To rentListed 39 days · slow let
Opportunity summary
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About
A spacious two bedroom first floor flat ideally situated in Redcar town centre, within easy walking distance of local amenities, transport links, shops, restaurants and the seafront.
The accommodation briefly comprises an entrance hallway with stairs leading to the first floor landing, a bright and comfortable lounge, fitted kitchen, two good-sized bedrooms, family bathroom and a rear porch.
The property has recently benefited from new carpets throughout and has been freshly decorated, offering clean and modern accommodation ready for immediate occupation.
This generously sized flat provides excellent living space and is perfectly suited to professionals, couples or small families seeking a convenient coastal location.
Move In Costs Deposit £525 Rent £525 Holding Payment £120 Pet deposit-equivalent to one week's rent, if applicable We are proudly Members of the following: ARLA, The Tenancy Deposit Scheme, The Deposit Protection Service and The Property Ombudsman.
Please note that a guarantor may be required depending on circumstances. Please contact the office on for more information. Hall, Stairs & Landing: 18'3" x 6'3" (5.56m x 1.91m) , Carpeted.
Wooden front door. Electric heater. Distribution board. 2x storage cupboards. Smoke alarm. Gas meter. Lounge: 18'8" x 13'4" (5.69m x 4.06m) , Carpeted. Bay window. Radiator. Fire surround. TV point.
Kitchen: 12'1" x 8'5" (3.68m x 2.57m) , Laminate flooring. Fitted kitchen. Breakfast bar. Combi-boiler. Oven and hob. Stainless steel sink and drainer.
Bathroom: 8'9" x 8'2" (2.67m x 2.49m) , Vinyl flooring. Toilet. Radiator. Wash hand basin. Bath with shower. Porch: 9'9" x 11'3" (2.97m x 3.43m) , Door to rear. Power supply.
Bedroom 1: 14'1" x 12'3" (4.29m x 3.73m) , Carpeted. Radiator. Storage cupboard. Bedroom 2: 10'0" x 6'5" (3.05m x 1.96m) , Carpeted. Radiator.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Millbank Terrace, Redcar, TS10
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