Park Avenue, Redcar TS10 3 bed terraced house for sale

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Park Avenue, Redcar TS10 3 bed terraced house for sale

Park Avenue, Redcar TS10
£145,000

Price History

Initial price £160,000
06/03/25 £155,000
04/06/25 £150,000
06/07/25 £145,000
Price Change -9.38%

Description

This high-yield turnkey investment property offers a standout opportunity for savvy investors, delivering an approximate 12% gross return. The fully tenanted, mixed-use property has undergone recent upgrades, including a new central heating system, solar panels, and improved residential unit. The property features a spacious 3-bed apartment, generating £650 per month, and a ground-floor commercial unit, producing £475 per month. The property's forecourt provides off-street parking for up to six vehicles, a rare and highly attractive feature that adds significant value and long-term appeal. With quality tenants in situ, this is a hands-off investment that produces a stable income stream and offers potential for future growth.