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 an approximate 12% gross return, thanks to its fully tenanted mixed-use configuration. The property boasts recent upgrades, including a new central heating system, solar panels, and improved residential unit, ensuring minimal maintenance and immediate income. The standout feature is the generous forecourt with off-street parking for up to six vehicles, a rare and highly valuable asset that adds significant appeal for tenants and future resale. The property consists of a refurbished ground-floor commercial unit let at £475 PCM and a spacious 3-bed residential apartment, with additional storage or income potential from a private rear garage. This hands-off investment provides a stable income stream and future growth opportunities.