Arundel Street, Redcar, TS10

Overview

An established five-room HMO in central Redcar (TS10, Coatham), arranged over a 124 m² mid-terrace (EPC band C) and let on a bills-inclusive basis. The rooms generate gross income of approximately £33,840 per annum — a gross yield of around 17% at the asking price. The property sits within the Coatham Article 4 area, where new HMO permissions are restricted, giving an established HMO genuine scarcity value. Best suited to a cash or HMO-specialist buyer.

Investment highlights

• Established five-room HMO, let on a bills-inclusive basis
• Central Redcar (Coatham) — close to the seafront and town centre
• Approximately £33,840 p.a. gross income (c. 17% gross at asking)
• Within an Article 4 area — new HMO licences restricted (scarcity)
• 124 m² mid-terrace, EPC band C
• Suited to a cash / HMO-specialist buyer