2-bedroom terraced house · TS10 2TN
Under offerListed 208 days
Opportunity summary
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About
Shared Ownership Figures: Rent: £195.03 Building Insurance: £33 Management Fee: £2.08 Monthly Total Fees: £230.11 ALL MEASUREMENTS ARE APPROXIMATE Entrance Porch: Composite steel door, door to lounge.
Ground Floor W/C: White WC and sink, laminate flooring, accessed via the Kitchen / Diner. Lounge: 4.61m x 3.80m. Fixed stairs to 1st floor, door to kitchen / diner and W/C.
Fitted Kitchen: 3.80m x 3.94m (max) Stainless steel inset sink unit with mixer taps, natural wood effect units with black laminate tops and a tiled surround, chrome wall mounted extractor hood, place for washing machine, laminate flooring, UPVC French doors to rear garden.
FIRST FLOOR Landing Area: Loft access hatch. Bedroom 1: 3.20m ( to wardrobes) x 2.70m. Full fitted wall wardrobes, overlooking rear garden. Bedroom 2: 3.18m ( to wardrobe) x 2.29m.
2 x single fitted wardrobes. Bathroom / WC: 2.25m x 1.68m. Part tiled, white suite, electric shower with curtain, laminate flooring. EXTERNALLY Rear Garden: Lawn with patio area and a timber shed.
Driveway: Fitting up to 1 vehicle.
Tenure: Leasehold Scheme - Shared Ownership Percentage - 50% Price £67,500 (50% of 100% market value of £135,000) Staircasing - The buyer can purchase more share simultaneously, in 12.5% minimum tranches, whilst purchasing the property.
Lease term - 125 years from 1st January 2004 Pets - Permitted Charges Payable The current monthly charges payable to Home Group from the 1st April 2025 are £230.11 and are broken down as follows: Rent: £195.03 Management Charge: £2.08 Insurance Charge: £33.00 The above charges are reviewed annually on the first of April.
If you buy a larger share you will pay less rent Share Rent 60% £156.02 70% £117.02 80% £ 78.01 Viewing: By prior appointment with the Redcar office. Telephone .
____________________________________________________________________________ Parker Stag and for the vendors or lessors of this property, whose agents they are, give notice that: the mention of any appliances and/or services within the sale particulars does not imply they are in full and efficient working order.
the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or lessees should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
no person in the employment of Parker Stag has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About Glenbury Grove, Redcar, North Yorkshire, TS10
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