1-bedroom flat · TS6 6XF
No longer listedListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Independent living schemes for people over 55 (Sheltered housing) with on-site Scheme Manager and 24/7 emergency call service.
Our Scheme Managers are in regular contact with customers providing them with support identified through well-being plans to ensure they remain safe within their homes.
Communal lounges on site are a hive of activity including bingo and lots of coffee mornings, too!
This is a one person, one bedroom ground floor flat located in Southbank situated in a quiet residential area, just off Middlesbrough Road. The site is accessible by wheelchair.
Local amenities include Asda Supermarket, post office, pharmacy and a medical centre. The scheme is situated on a bus route into Middlesbrough and Redcar. And a train station within a 10-minute walk.
The property has its own front door accessed via a main communal door, with door entry system for added security.
It is equipped with gas central heating, uPVC double glazing and has been re-decorated and carpeted throughout. The property consists of a lounge, modern fitted kitchen 2024, wet room and a bedroom.
Communal facilities include laundry room, lift, library/quiet room and a communal lounge. Parking on-site is available with additional off-street parking nearby.
This is a social rent property and an initial rent payment of up to 5 weeks rent is required in advance.
The weekly rent is £188.75 per week and is inclusive of all service charge costs including 24/7 emergency call service, on-site staff support (week-days), morning calls, heating, grounds maintenance, communal cleaning, utilities laundry equipment maintenance etc.
By registering interest on this advert, the Accent Lettings Team will send you and email link to an application form so that you can apply.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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