A 5-bedroom terrace house located in Redcar currently being occupied as a HMO. There are various valuable amenities within walking distance of the property and it is able to generate fantastic rental returns.

The property features 5 bedrooms, 3 bathrooms, a lounge, a well-equipped kitchen, rear garden space, and has several tenants currently situated.

For investors looking for a rewarding investment, this is a brilliant opportunity!

Investment details

The current gross annual rent agreed with the tenant is £27,072 and there are tenants in situ. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

This is a perfect addition to any investment portfolio with great rental returns in a high demand area.

Auction Details

The seller is open to pre-auction offers. Unless a pre-auction offer is accepted, the sale of this property will take place on our next bi-weekly online auction (see dates on our website) and is being sold under the unconditional sale type with a standard 28 days completion.

Separate to a 10% deposit (£5,000 minimum) and our Buyers Premium there may be additional fees or conditions listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack before bidding.

Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Please call us or enquire for the full legal pack and property information on this listing.