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Primrose Terrace, Saltburn By The Sea - Image 1

Primrose Terrace, Saltburn By The Sea

North East

£195,000

Listed on 30/06/2026

Property details

Bedrooms
N/A
Type
House

Description

This property presents a unique investment opportunity in Saltburn-by-the-Sea, featuring a sizable yard that currently contains ten fully let garages along with additional parking spaces. The secure and spacious setting not only provides immediate rental income but also offers flexibility for various uses, including parking, storage, or potential redevelopment. Conveniently located off Marske Road, the site benefits from proximity to local amenities and transport links, making it an attractive option for both current income generation and future development projects. With the right vision, there is scope for enhancements or even the conversion of this space into commercial units, subject to planning approval. This offering allows for purchase as a standalone lot or as part of a larger portfolio, appealing to investors seeking opportunities with enhanced yields.

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Investment analysis

(TS12 area)
Area Average
£203/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (TS12)

Area prices are falling by -9.4% over the last 12 months
3 year growth: +2.0%
5 year growth: +18.4%
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

Primrose Terrace, Saltburn By The Sea
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Mortgage calculator

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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£737
Based on a loan of £146,250 over 30 years at 4.45% 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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