One-bedroom coastal apartment with a long lease and strong rental potential.
Cash buyers only - sale restricted to cash purchasers
Set just a short stroll from Saltburn Beach, this one-bedroom apartment offers roomy open-plan living with skylights, a modern kitchen area and a generous bedroom across approximately 635 sq ft. The long 999-year lease (988 years remaining from 2014) provides long-term security uncommon at this price point.
This property suits cash buyers seeking a seaside buy-to-let or a low-entry investment with straightforward layout and good natural light. Mains gas central heating, double glazing and a traditional layout keep running costs predictable; Council Tax Band A is very cheap, which may appeal to tenants or seasonal visitors.
Buyers must note material drawbacks: the sale is strictly cash buyers only, and the immediate area records high crime levels and significant deprivation—factors that can affect rental yields and resale values. The apartment is in a mixed-use Victorian building close to shops, transport links and schools, but prospective purchasers should carry out full local-market and safety checks.
For investors, the combination of low asking price, long lease and coastal location presents potential for rental income or holiday letting, subject to local licensing and demand. A viewing is recommended to assess condition and suitability for your plans; surveys and checks are advised given the neighbourhood profile.
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