Summary - 50 HARWAL ROAD REDCAR TS10 5AQ
2 bed 1 bath Flat
Turnkey two-bedroom ground-floor flat with immediate rental income and parking..
Tenanted at £475pcm — income from day one
Gross rental yield approximately 12.5% at asking price
Fully compliant: EICR, Gas CP12 and EPC (Band D)
Leasehold with 84 years remaining
Service charge c. £1,500pa; ground rent £125pa
Buyers’ fee £3,000 including VAT payable on purchase
Small internal size — compact rooms and limited space
Local area: very high crime and high deprivation
This ground-floor, two-bedroom flat on Harwal Road is offered as a turnkey buy-to-let with a sitting tenant paying £475pcm, providing immediate income and a gross rental yield of about 12.5% at the current asking price. All required safety and compliance certificates (EICR, Gas CP12 and EPC band D) are in place, reducing time and cost to re-let.
Accommodation is compact but well-presented: a fitted galley kitchen, a separate living room and two modest bedrooms. The property benefits from gas central heating, double glazing and an allocated off-road parking space, making it straightforward to manage for a landlord or letting agent.
Material considerations: the flat is leasehold with 84 years remaining, an average service charge of around £1,500pa and an annual ground rent of £125. A buyer’s administration fee of £3,000 (inc. VAT) applies on completion. The immediate area scores high for local deprivation and recorded crime is very high — factors that affect tenant profiles, rental risk and future capital growth.
This is a practical acquisition for investors seeking an entry-level, income-producing asset in Redcar. It suits landlords focused on yield and ease of management rather than long-term capital appreciation. Buyers should factor in lease length, service charges, local area challenges and any future maintenance or redecoration required between tenancies.
2 bedroom flat for sale in Regency Mews, Redcar, TS10 — £90,000 • 2 bed • 1 bath • 506 ft²
2 bedroom flat for sale in Harwal Road, Redcar, North Yorkshire, TS10 — £45,000 • 2 bed • 1 bath • 434 ft²
1 bedroom flat for sale in Coatham Road, Redcar, TS10 — £50,000 • 1 bed • 1 bath • 625 ft²
2 bedroom apartment for sale in Caroline Mews, Redcar, TS10 — £65,000 • 2 bed • 1 bath • 679 ft²
1 bedroom apartment for sale in Hanson Court, Hanson Street, Redcar, North Yorkshire, TS10 — £60,000 • 1 bed • 1 bath • 354 ft²
2 bedroom flat for sale in Crossley Apartments, Maxwell Place, TS10 — £65,000 • 2 bed • 1 bath • 679 ft²
