Summary - 20 WILTON AVENUE REDCAR TS10 5PW
3 bed 1 bath House
Chain-free three-bed buy-to-let with tenants, EPC C and over 8% gross yield.
Three bedroom mid-terrace producing £550 PCM rental income
This mid-terrace three-bedroom house on Wilton Avenue is offered as a ready-made investment with sitting tenants and immediate rental income of £550 pcm (gross yield over 8% at the guide price). The property is freehold, chain-free and comes with current EPC (C), EICR and CP12 certificates in place — a turnkey let offering steady cashflow from day one.
Internally the layout is a straightforward two-storey terraced plan: entrance vestibule, living and dining rooms, rear kitchen, ground-floor bathroom and three first-floor bedrooms. Fixtures are functional and the property is generally well-presented for its age; room sizes are modest and the overall footprint suits standard three-bed terraced family accommodation.
Buyers should note the wider context: the area is classified as very deprived with high local crime levels and hard-pressed rented terraces, which may affect long-term capital growth and tenant mix. The exterior shows dated pebble-dash and brickwork that will need cosmetic updating; the small front garden and rear yard limit outdoor potential.
There is a buyer’s premium fee of £3,600 + VAT payable on purchase — include this when calculating net yield. This is a sensible purchase for an investor seeking immediate rental returns and minimal void risk, but buyers seeking strong long-term capital uplift or a low-crime suburb should consider the local market characteristics carefully.
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