2 bedroom terraced house for sale

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2 bedroom terraced house for sale

57 Errington Street, Brotton, Saltburn-by-the-Sea, Cleveland, TS12 2TA
£55,000

Price History

Initial price £63,000
13/02/25 £55,000
Price Change -12.70%

Description

This high-yield 2-bedroom buy-to-let property is being sold through unconditional online auction on February 26, 2025, with a guide price of £55,000-£70,000 plus a 5% buyer's premium or a minimum of £5,000 + VAT. The property is located in Errington Street, TS12 2TA, and is fully tenanted, generating a strong ROI of 9.71% from day one. The current rental income is £550 per calendar month, with a potential for capital growth and rental growth in the future. The property is in a stable rental market with strong demand, and is close to key transport links, shops, and amenities. The vendor is motivated to sell, and the property can complete in as little as 28 days. This is an ideal investment opportunity for those looking to grow their property portfolio in a high-yielding area.