1-bedroom flat · TS10 1RP
Under offerListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to welcome to the market this one bedroom GROUND FLOOR FLAT situated within this SECURE WARDEN controlled retirement building. Sold with the benefit of NO ONWARD CHAIN.
The Cherry Trees is located on Coatham Road, a PRIME location in Redcar and this property comes with many benefits, particularly offering ease of access to the TOWN CENTRE, SEAFRONT and all local amenities.
Within the well-maintained building, there are plenty of facilities on hand such as a communal laundry room, reception lounge area, resident’s guest room, lifts and staircases to each floor with car parking facilities to both the front and rear for residents and guests.
The Vendor also informs us that there are many REGULAR SOCIAL EVENTS usually on offer such as; coffee mornings, various days out, bingo etc.
that all enhance a lovely community feel within the building. The Building is ran by Anchor Housing and all residents are accepted from 60 years of age.
Anyone living in the property must first undertake an interview with the building manager for approval.
Please visit their website for further information Briefly the accommodation comprises; Entrance Hall, Lounge/Dining Room, Kitchen, Bathroom, Bedroom.
Please feel free to take a 360 virtual tour here: Tenure: Leasehold Band A Council Tax EPC: C Entrance Hallway: 4'6" x 9'5" (1.37m x 2.87m) , Carpeted. Electric radiator.
Storage cupboard housing the immersion tank. Storage cupboard with hanging space. Lounge: 11'4" x 17'4" (3.45m x 5.28m) , Carpeted. Electric radiator. French patio doors. Kitchen off. Bedroom off.
Kitchen: 8'2" x 7'7" (2.49m x 2.31m) , Fluorescent light fitting. Vinyl Flooring. Base and wall units. Partially tiled and panelled walls. Fridge freezer. Electric hob. Oven. Extractor.
Sink with mixer tap and drainer. Slatted doors leading to lounge. Bedroom: 7'8" x 12'9" (2.34m x 3.89m) , Carpeted. Electric radiator. Built in single wardrobe. Window to rear aspect.
Bathroom: 7'8" x 5'6" (2.34m x 1.68m) , Walk in shower. Shower screen. Toilet. Wash hand basin. Storage. Wall heather.
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Coatham Road, Redcar, TS10
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