Summary - 2, Caroline Mews TS10 3JW
2 bed 1 bath Apartment
Tenant in situ — immediate rental income potential
Allocated off-street parking for one vehicle
Long lease (circa 984 years) and EPC B
Average-sized 2-bed, ~679 sqft, open-plan living/kitchen
Service charge approx £1,584 p.a.; ground rent £73 p.a.
No private garden; limited external amenity
Located in a very deprived area with very high crime levels
Council Tax Band A — low council tax running costs
This two-bedroom apartment on Caroline Mews is presented as a ready-made investment: sold with a tenant in situ and immediate vacant-possession not required. The open-plan living room and kitchen, Juliet balcony and contemporary finishes give the flat straightforward rental appeal and an EPC B rating suggests reasonable energy performance for tenants.
The property sits in a modern development (constructed around 2010) and includes an allocated off-street parking space and a long lease (circa 984 years remaining). At about 679 sq ft the layout is an average-sized two-bedroom apartment that will suit buy-to-let portfolios or a first-time buyer seeking low-maintenance accommodation.
Buyers should note material drawbacks plainly: the area is classified as very deprived with very high local crime levels, which will affect tenant demand and rental values. There is no private garden and external amenity is limited. Ongoing costs include an average service charge of £1,584 and a ground rent of £73.
Overall this is a pragmatic, lower-cost entry into the Redcar market for investors who prioritise immediate rental income and minimal refurbishment. Those seeking stronger capital growth or quieter neighbourhoods should weigh the location and local socio-economic constraints before committing.
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