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Tyne Road, Redcar

North East

£95,000
Listed on 08/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This 2-bedroom terraced home offers a significant renovation opportunity for buyers and investors looking to add value to their portfolio. The property features a spacious layout that includes a generous living room and dining area, providing a solid foundation for modern updates. The kitchen, while dated, has potential for reconfiguration to create an inviting, functional space. Upstairs, you'll find two well-proportioned bedrooms along with a study that could serve as a small office or be transformed into additional living space. A family bathroom completes the first floor, while the loft room adds versatility—ideal for storage or potential conversion in line with local regulations. Situated in proximity to essential amenities such as schools, shops, and public transport links, this location enhances its appeal for both residential living and rental investment. With full refurbishment needed throughout, this property presents an excellent chance for those with vision to customize it according to personal preferences or market demands. In addition to the living spaces, the property benefits from mains utilities including gas central heating and mains sewerage. The absence of known flooding risks and legal obligations provides peace of mind during the renovation process. With freehold tenure and Council Tax Band B classification, this home is not only an enticing project for prospective homeowners but also an attractive addition to any rental portfolio.

Investment Analysis

(TS10 area)
Area Average
£162/sq ft
Avg Rent (weekly)
£166
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (TS10)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 3.3%
5 year growth: 21.4%
Investment Disclaimer: Analysis based on TS10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Tyne Road, Redcar
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£348
Based on a loan of £71,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE