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See how verdicts work3-bedroom flat · TS12 1EB
For saleReduced £10k (−6.1%) on 20 JunListed 362 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale, currently with a tenant in situ paying £700pcm we have this spacious first floor apartment with sea views on Diamond Street, Saltburn.
Within close proximity of the promenade, beach and town centre amenities with street parking this property has a little bit of everything for every buyer.
The communal area has been well maintained, and the property is located closer to the promenade end of Diamond Street.
Saltburn benefits from many shops, bars, restaurants as well as bus and rail links offering convenience for all, not too mention local schools.
As we have a tenant in situ, please bear this in mind when booking viewings...
The property briefly comprises: A spacious lounge with bay window and sea views, three bedrooms, kitchen with rear door to external staircase, family bathroom.
Gas centrally heated with a relatively new combi boiler and white uPVC windows to all rooms.
Tenure: Freehold Council Tax: Redcar & Cleveland Band A EPC Rating: C-Rating Hallway Access the property from the first floor landing, with carpet to the floor and single radiator.
Lounge (4.63m x 4.24m (15'2" x 13'10")) A spacious living room with large uPVC Bay window to the front aspect offering plenty of natural light to the room as well as sea views, feature fire surround, dado rail and cornice to the ceiling.
Bathroom (3.05m x 1.50m (10'0" x 4'11")) A white 3-piece bath suite with electric shower over the bath, wood effect vinyl flooring, part tiled walls, extractor and single radiator.
Bedroom Two (3.59m x 2.43m (11'9" x 7'11")) A well proportioned 'double' bedroom, with carpet to the floor, single radiator and uPVC window to the front aspect.
Kitchen (3.38m x 2.66m (11'1" x 8'8")) A large kitchen with a range of wall and base units finished with beech effect doors and drawer fronts, wood effect worktops with tiled splashbacks, white enamel sink/drainer with mixer tap, plumbing for washing machine, white gas hob with single electric oven underneath, uPVC door and window to the rear aspect along with tiled effect laminated flooring.
Bedroom Three (3.01m x 2.40m (9'10" x 7'10")) Another well proportioned bedroom, with carpet to the floor and uPVC window to the rear aspect and single radiator.
Bedroom One (3.98m x 3.36m (13'0" x 11'0")) The largest of the three bedrooms, to the rear of the property with carpet to the floor, double radiator and uPVC window to the rear aspect.
Disclaimer Please note that all measurements contained in these particulars are for guidance purposes only and should not be relied upon for ordering carpets, furniture, etc.
Anyone requiring more accurate measurements may do so by arrangement with our office.
Our description of any appliances and / or services (including any central heating system, alarm systems, etc.) should not be taken as any guarantee that these are in working order.
The buyer is therefore advised to obtain verification from their solicitor, surveyor or other qualified persons to check the appliances / services before entering into any commitment.
The tenure details and information supplied within the marketing descriptions above are supplied to us by the vendors.
This information should not be relied upon for legal purposes and should be verified by a competent / qualified person prior to entering into any commitment.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About 38B, Diamond Street, Saltburn-By-The-Sea
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