2-bedroom terraced house · TS12 2LG
Sold STCListed 339 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom terraced home in Yeoman Street is an exciting refurbishment project and offers great potential. Exciting Project: This property is bright, spacious, and full of traditional charm.
With some TLC and imagination, this could become a beautiful family home.
Alternatively, if you want to turn this into a running rental property, a little bit of money and time spent upfront could lead to a profitable and long-standing investment.
After refurbishment, this property could generate a 14% yield.
Prime Location Close to Saltburn Beach: This property enjoys a prime location with easy access to essential amenities as well as being a 22-minute drive from Cleveland Retail Park.
It is also a 7 minute drive to Saltburn Beach, perfect for scenic walks.
There are also plenty of bus routes nearby as well as being an 8-minute drive to Saltburn Train Station, making daily life convenient and hassle-free.
No Chain: The property is offered for sale with no onward chain, streamlining the buying process and allowing for a smooth and hassle-free transaction.
Buyers can proceed with confidence, knowing that there are no delays or complications associated with a chain.
The ground floor features a bright living room with a feature fireplace, which can be turned into a cosy and welcoming space.
The kitchen provides plenty of cupboard and worktop space, along with a breakfast bar and room for a small dining area.
Upstairs, there is a good-sized double bedroom and a single bedroom, both carpeted throughout. The bathroom includes a bath with overhead shower, WC, and basin.
Externally, there is a private rear yard with an outdoor shed area, ideal for storage. The property is within easy reach of local shops, schools, and transport links.
Saltburn's town centre and seafront are just a short distance away, offering a range of amenities, cafés, and leisure options.
The nearby train station also provides straightforward connections to Middlesbrough and surrounding areas.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Council Tax Band: A (Redcar & Cleveland Council) Tenure: Freehold
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Yeoman Street, Skelton-in-Cleveland, Saltburn-by-the-Sea
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