1 bedroom flat for sale

The Property
The Property PLEASE ENTER YOUR DESCRIPTION HERE

Flat 1, 106 Coatham Road is part of a period property comprising eight flats, originally constructed between 1800 and 1911. Each flat, including Flat 1, is held on a 125-year lease initiated in 2007. The freehold of the building was listed for sale in 2022 as a ground rent investment, generating £125 annually per flat, with scheduled increases over time .

Local Area Overview
Situated in the Coatham area of Redcar, Flat 1 benefits from proximity to various amenities. Redcar Central railway station is approximately 500 meters away, providing convenient transport links . The seafront is within walking distance, offering recreational opportunities.

Educational institutions nearby include Coatham Church of England Primary School (rated 'Good' by Ofsted) and Sacred Heart Catholic Secondary School, also rated 'Good' .

The area is characterized by a mix of residential and commercial properties, with a history dating back to the 12th century. Coatham Marsh, a 54-hectare nature reserve managed by the Tees Valley Wildlife Trust, is located nearby, offering natural landscapes and wildlife habitats .

Investment Perspective

Flat 1, 106 Coatham Road presents a compelling investment opportunity, given its strong rental yields and affordable entry price. The property's location offers convenient access to transportation, education, and recreational amenities, enhancing its appeal to potential tenants.

Property ownership information

Ground rent review period: Every 1 year

Service charge review period: Every 1 year

Lease end date: 30/05/2132

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.