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 work6-bedroom terraced house · TS10 1DB
For saleReduced £10k (−1.8%) on 26 OctListed 140 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional investment opportunity to acquire Glenholme House, a successful block of six self-contained apartments prominently positioned on Redcar's sought-after seafront.
The property comprises a mix of well-appointed one and two-bedroom apartments, all currently operating as established self-catering accommodation catering to contractors, corporate guests and short-term visitors.
The business benefits from a proven trading history and strong demand generated by the area's ongoing industrial, renewable energy and infrastructure sectors.
The property has also been run as a successful holiday let.
Occupying a prime position on Newcomen Terrace, Glenholme House enjoys uninterrupted coastal surroundings and is just a short walk from Redcar town centre, offering convenient access to shops, restaurants, transport links and local amenities.
The apartments provide flexible accommodation suitable for a range of occupier types, creating multiple income streams and offering continued potential for growth.
The property's unique seafront setting, combined with its proximity to major employers and excellent transport connections, makes it a highly attractive proposition for investors seeking a turnkey hospitality or serviced accommodation asset.
Mains Utilities Gas Central Heating Mains Sewerage No Known Flooding Risk No Known Legal Obligations Standard Broadband & Mobile Signal No Known Rights of Way Tenure: Freehold Council Tax Band: RCBC Business Rates Buyers Identification Check(s) Should a purchaser(s) have an offer accepted on a property marketed by Michael Poole Estate Agents they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement.
We use a third party service to verify your identity; this is not a credit check and will have no effect on credit history. The cost of these checks is £36 inc.
VAT per buyer, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.
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
Agent & docs
FAQ
About Newcomen Terrace, Redcar, TS10
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