This stunning apartment is offered unfurnished and comprises of a spacious living and dining area which is flooded with natural light; a modern fitted kitchen with plenty of storage space; a generously sized double bedroom; and a 3-piece bathroom suite. Tenants of Coatham Court also benefit from a secure car parking space and a fantastic location.
Located in the beautiful seaside town of Redcar, there is a wealth of local amenities to enjoy. For those who like to take full advantage of the seaside location, there is surfing, windsurfing, fishing or just taking in the incredible views from the top of the 80ft Redcar Beacon. Redcar also offers numerous more attractions such as its high street shops, cinema, museums, amusements, famous racecourse and weekly markets. Redcar is also only a 20 minute drive away from Middlesbrough town centre, making it a haven for commuters and really enabling residents to get the best of both worlds. It is no surprise that Redcar is a popular place to live as there is something for everybody.
Now is a fantastic time to be investing in Redcar as it is currently undergoing extensive regeneration which will bring roughly 1,600 jobs to the area. There are plans to create a new Family Adventure Centre which will include trampolining, bowling, a soft play area and cafes with views across the picturesque seafront, a brand new 5-screen cinema and a complete revamp of Redcar Station - just to name a few. With the additional rental demand that these developments will bring, alongside its close proximity to Middlesbrough, Redcar's property market is set to keep growing!
Gross rent: £4,200 Ground rent: £250 Service charge: £700 Lettings fees: £403 Net income: £2,847 Gross yield: 7.64% Net yield: 5.18%
Important Note To Purchasers
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