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Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS - Image 1
Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS - Image 2
Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS - Image 3
Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS - Image 4
Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS - Image 5
Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS - Image 6
Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS - Image 7

Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS

North East

£250,000
Listed on 07/04/2026

Property Details

Bedrooms
4
Type
Cottage

Description

This historical theatre presents a compelling redevelopment opportunity in a desirable residential area. With Outline Planning Permission granted for the complete demolition of the existing structure, you can construct 20 residential units composed of one and two-bedroom apartments, accompanied by adequate parking facilities. The potential for significant value enhancement through this transformation makes it an attractive prospect for developers and investors seeking to enter the build-to-rent market or capitalize on high-yield land development. The site allows for creative freedom in design, appealing to those looking to leverage its development possibilities in today's housing market.

Investment Analysis

(TS13 area)
Area Average
£161/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TS13)

Area prices are falling by -7.1% over the last 12 months
3 year growth: -4.6%
5 year growth: +5.0%
Investment Disclaimer: Analysis based on TS13 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

Former Empire Theatre, Deepdale Road, Loftus, Redcar and Cleveland, TS13 4RS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£892
Based on a loan of £187,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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