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2 bedroom apartment for sale
3 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£30,000
3 Laburnum House, Coatham Road, Redcar, Cleveland, TS10 1TA
£30,000
Price History
Initial price | £35,000 |
15/05/25 | £30,000 |
Price Change | -14.29% |
Description
This 2-bedroom ground floor flat is being sold by online auction with a guide price of £30,000 to £50,000. The property is fully tenanted and generates a lucrative gross yield of 15.32% with a rental income of £600 per month, equivalent to £7,200 per annum. The flat is located in a prime area with high rental demand, close to transport links, shops, and amenities. The investment opportunity offers a turnkey solution with immediate rental income, growing market potential, and strong appreciation value. The sale is being conducted by unconditional online auction, with registration open and bidding opening on May 29th at 10:00 am and closing at 12:50 pm. The property is expected to complete within 28 days of the auction, making it a hassle-free purchase with no chain.