Block of Apartments

Station Road, Loftus, Saltburn-By-The-Sea, North Yorkshire, TS13 4PX

Size: 102 sqm

Purchase price

£90,000

Size: 102 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £7,200
Lettings fees £720
Net income £6,480
Gross yield 8%
Net yield 7.20%

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This excellent converted mid terrace comprises of 2x one bedroom apartments, with the ground floor having allocated parking.


This wonderful block of flats comprises of; ground floor apartment with spacious lounge and double glazed window; fully fitted kitchen with all appliances included; double bedroom with double glazed window; three piece family bathroom with shower over bath. First floor comprising of; entrance hallway leading to a spacious lounge and double glazed window; fully fitted kitchen with all appliances included; double bedroom with double glazed window; three piece family bathroom with shower over bath. The property comes with parking, and has undergone external and internal updates over the past 18 months, such as;

New gutters/ repainted soffits/ new carpets/ new kitchen upstairs/ full repainting in 2019/ new laminate flooring.

Located in the beautiful seaside town of Loftus, there are a wealth of local amenities to enjoy. For those who want to take full advantage of the seaside location, there is surfing, windsurfing and fishing, or just take in the incredible views from the top of the 80ft Redcar Beacon! The company, formerly known as Cleveland Potash, is looking to fill roles from electricians and mechanical fitters to process operators, electrical and mechanical engineers, fabricators and welders. Technical specialists in fields including geology, surveying and laboratory analysis are also needed, the fertiliser mine is East Cleveland’s largest employer with hundreds of workers, meaning house prices are on the up due to the high demand.

Now is a fantastic time to be investing in Loftus as it is currently undergoing a huge regeneration which will bring roughly 2300 jobs to the area. There are plans to create a new Family Adventure Centre which will host trampolining, bowling, a soft play area and cafes with views across the seafront, a brand new 5-screen cinema - just to name a few. With the additional rental demand that these developments will bring, alongside its close proximity to Middlesbrough, the property market in Loftus is set to keep growing!

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Freehold

Key features

Block of apartments

Key features

2x one bedroom apartments

Key features

Double glazing

Key features

Excellent location

Key features

Great transport links

Key features

Shops and amenities nearby

Key features

Freehold

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This excellent converted mid terrace comprises of 2x one bedroom apartments, with the ground floor having allocated parking. More info...

This wonderful block of flats comprises of; ground floor apartment with spacious lounge and double glazed window; fully fitted kitchen with all appliances included; double bedroom with double glazed window; three piece family bathroom with shower over bath. First floor comprising of; entrance hallway leading to a spacious lounge and double glazed window; fully fitted kitchen with all appliances included; double bedroom with double glazed window; three piece family bathroom with shower over bath. The property comes with parking, and has undergone external and internal updates over the past 18 months, such as;

New gutters/ repainted soffits/ new carpets/ new kitchen upstairs/ full repainting in 2019/ new laminate flooring.

Located in the beautiful seaside town of Loftus, there are a wealth of local amenities to enjoy. For those who want to take full advantage of the seaside location, there is surfing, windsurfing and fishing, or just take in the incredible views from the top of the 80ft Redcar Beacon! The company, formerly known as Cleveland Potash, is looking to fill roles from electricians and mechanical fitters to process operators, electrical and mechanical engineers, fabricators and welders. Technical specialists in fields including geology, surveying and laboratory analysis are also needed, the fertiliser mine is East Cleveland’s largest employer with hundreds of workers, meaning house prices are on the up due to the high demand.

Now is a fantastic time to be investing in Loftus as it is currently undergoing a huge regeneration which will bring roughly 2300 jobs to the area. There are plans to create a new Family Adventure Centre which will host trampolining, bowling, a soft play area and cafes with views across the seafront, a brand new 5-screen cinema - just to name a few. With the additional rental demand that these developments will bring, alongside its close proximity to Middlesbrough, the property market in Loftus is set to keep growing!

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop Freehold
    Tick Desktop Block of apartments
    Tick Desktop 2x one bedroom apartments
    Tick Desktop Double glazing
    Tick Desktop Excellent location
    Tick Desktop Great transport links
    Tick Desktop Shops and amenities nearby
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £7,200
Lettings fees £720
Net income £6,480
Gross yield 8%
Net yield 7.20%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.