Summary - ZETLAND HOUSE 10 BROADWAY WEST REDCAR TS10 5AY
1 bed 1 bath Flat
Guaranteed rent with advertised 8.5% yield in a fully refurbished unit.
Guaranteed rental income under a 25-year social housing lease
A compact one-bedroom flat in Zetland House, offered as a ready-made investment with guaranteed rental income and an advertised 8.5% yield. The property has been newly refurbished to a modern standard with an open-plan kitchen/living area, integrated appliances and neutral décor, so it is immediately lettable under the existing arrangement.
The sale carries a 25-year social housing lease with managed, guaranteed rent in place, delivering a low-effort income stream ideal for buy-to-let investors or portfolio builders seeking predictable cashflow. Practical benefits include fast broadband and excellent mobile signal, useful for tenant appeal and management.
Important considerations: only 25 years remain on the lease. Many mortgage lenders will refuse to lend on such short leases, so purchasers should plan to buy with cash, a specialist lender, or arrange lease-extension discussions. The property sits in a very deprived area with high crime rates; this reduces owner-occupation appeal and can limit capital-growth prospects, though it does not affect the current guaranteed income arrangement.
Local amenities include a post office and regular bus links. Several nearby primary and secondary schools hold Good to Outstanding Ofsted ratings, which may support tenant demand from local families. Buyers should balance the strong immediate yield and low-management model against lease length and wider area factors before proceeding.
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