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See how verdicts work7 × 1-bed flat + 3 × 2-bed flat · TS6 9JD
For saleListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity has arisen to acquire A prime & centrally located development site which is positioned on eston' high street within the central shopping square.
The site (the former eston & california social club) will provide A total of 10 spacious apartments set over three storeys of accommodation, offering the local area A rare & desirable living option which is positioned in an ideal location for commuting to various key locations including middlesbrough' centre, the wilton site, & also further afield due to its close proximity to both the A66, A174 & A19 roadlinks.
The apartments will offer some of the largest levels of floor-space available locally with sizes reaching 70.2 M2 for the largest two bed design, & 50.4 M2 the most common size for the one beds.
This will allow any incoming individual purchaser or tenant for the apartments A market topping level of internal living space which will only lift their attractiveness when they are marketed, and value.
Area Information / Overview Eston is a former industrial town in the Redcar and Cleveland unitary area of North Yorkshire, England.
It is part of Greater Eston, which includes the outlying settlements of Grangetown, Normanby, South Bank, Teesville and part of Ormesby.
It is popular due to its rich history, traditional market square which is still home to a good range of retail entities, and is also positioned close to the sprawling 'Eston Hills', which form part of the 'Cleveland Hills'.
The hills overlooking Eston are managed for their wildlife, archaeology and amenity. Many people use the hills for walking, cycling and horse riding.
Eston is currently the subject of regeneration / investment summarised by the 'Eston Precinct' redevelopment which is a significant project aimed at transforming the retail area into a vibrant and welcoming destination.
This site and resulting apartments is sat literally a stones throw from the new Precinct.
On completion there will be seven new retail units, totalling 14,600 square feet, providing high-quality retail facilities for residents and visitors and supplementing the more traditional retail square.
The aim is to increase both jobs and visitors to the location so we feel that further accommodation will be required and therefore there will be an increased demand.
We also feel the old Social Club, as this site currently is, being transformed into a modern looking residential block will only improve the aesthetics of the local area.
Accommodation Post Development Ten Apartments in total, with : Ground floor Apartment 1: 40m2 - comprising an open plan Lounge / Kitchen, a Bedroom and a Bathroom Apartment 2: 50.4m2 - comprising an open plan Lounge / Kitchen, a Bedroom and a Bathroom Apartment 3: 50.4m2 - comprising an open plan Lounge / Kitchen, a Bedroom and a Bathroom Apartment 4; 49.7m2 - - comprising an open plan Lounge / Kitchen, a Bedroom and a Bathroom A Communal Bin and Bike store, and electrical room First floor Apartment 5: 60m2 - comprising an open plan Lounge / Kitchen, two Bedrooms and a Bathroom Apartment 6: 50.4m2 - comprising an open plan Lounge / Kitchen, a Bedroom and a Bathroom Apartment 7: 50.4m2 - comprising an open plan Lounge / Kitchen, a Bedroom and a Bathroom Apartment 8: 50m2 - comprising an open plan Lounge / Kitchen, a Bedroom and a Bathroom second floor; Apartment 9: 61.7m2 - comprising an open plan Lounge / Kitchen, two Bedrooms and a Bathroom Apartment 10: 70.2m2 - comprising an open plan Lounge / Kitchen, two Bedrooms and a Bathroom Additional Information and recommendations within this write up are given as accurately as possible (at the time of writing) however we strongly recommend that any interested party should always carry out their own due diligence before offering and purchasing, therefore ensuring the are satisfied with what they are taking on initially and then for the resulting figures generated on completion of the redevelopment works.
Figures can and do change due to market trends and events both locally and nationally.
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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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 Eston And California Social Club, High Street, Eston
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