3-bedroom house · TS10 2AD
Listing removedListed 58 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
High Yield Opportunity | Elton Street, Redcar, TS10 2AD | 14.00% Gross Yield Purchase Price: £60,000 Potential Rental Income: £700 pcm | Total Annual Income: £8,400 Offered at an accessible £60,000 entry point, this spacious residential property on Elton Street in Redcar represents an outstanding buy to let opportunity.
Delivering a rental potential of £700 per calendar month, this asset yields an impressive 14.00 percent gross return from day one.
Key Investment Highlights Exceptional Cash Flow: Achieving £700 pcm (£8,400 per year) provides a massive 14.00 percent gross yield based on the £60,000 asking price.
Value Add Conversion Potential: Currently arranged as a spacious 3 bedroom home with clear scope to easily configure into a 4 bedroom property to maximise rental returns further.
Low Barrier to Entry: Priced well below £70,000, offering fantastic monthly profit margins with low initial capital risk.
Prime Coastal Location: Situated in central Redcar, within easy walking distance of Regent Walk Shopping Centre, Redcar Central Rail Station, local schools, and the seafront.
A clean, high performing asset built for investors seeking maximum monthly cash flow and clear layout potential. Contact us today to receive further details or arrange a viewing.
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 Elton Street, Redcar
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