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Coral Street, Saltburn-By-The-Sea

North East

£220,000
Listed on 08/11/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This property presents a noteworthy opportunity for renovation and investment on Coral Street, featuring a layout that allows for customized design to suit individual preferences. The first floor originally comprises three double bedrooms and a bathroom, providing a blank canvas for the new owner to reconfigure these spaces according to their needs. On the ground floor, you'll find two generously proportioned reception rooms that offer ample natural light and flexibility in layout. The kitchen, albeit needing modernization, includes fitted wall and base units with potential for improvement. There’s also convenient plumbing available for laundry appliances. A significant feature of this property is the large rear courtyard, which not only offers outdoor space but also provides the possibility of converting into off-street parking by adding double gates—a valuable asset in urban settings. Located within easy walking distance to Saltburn's vibrant array of restaurants, bars, independent shops, and cafes enhances this property's appeal. Additionally, the award-winning beach is close by, making it an attractive option for both personal use and future rental potential. The property is being sold vacant with no onward chain, allowing for a smooth transition for interested buyers. With the right vision and investment, this home could be transformed into a highly desirable dwelling in a sought-after location. This freehold property currently has an EPC rating of D and falls under Band B for council tax (Redcar & Cleveland Borough Council). Prospective buyers are encouraged to arrange viewings to explore the full potential of this unique opportunity.

Investment Analysis

(TS12 area)
Area Average
£195/sq ft
Avg Rent (weekly)
£173
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (TS12)

Area prices are falling by +4.5% over the last 12 months
3 year growth: 5.7%
5 year growth: 29.7%
Investment Disclaimer: Analysis based on TS12 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

Coral Street, Saltburn-By-The-Sea
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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
£806
Based on a loan of £165,000 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