Corporation Road, Redcar, TS10 1PB

Property Overview

Corporation Road, Redcar, TS10 1PB. A three-bedroom freehold semi-detached house situated directly opposite Locke Park, with off-street parking, a single garage, rear garden and potential to extend subject to planning permission.

Accommodation

• Entrance hall
• Lounge with feature fireplace and gas fire
• Dining room with feature fireplace and coal-effect fire
• Kitchen
• Ground-floor WC
• First-floor landing
• Three bedrooms
• Bathroom
• Paved driveway and single garage with up-and-over door

Location

Directly opposite Locke Park and a short walk from Redcar town centre, local schools and transport links.

Tenure & Key Information

• Tenure: Freehold
• Occupancy: Not supplied
• EPC: D
• Council Tax: Band C
• Heating: Radiators, with feature fireplaces and fires in the lounge and dining room
• Services: The seller advises that mains gas, electricity, water and sewerage are provided. None of the services have been tested.

Auction & Buyer Charges

• Guide Price: £145,000+
• Auction Date: 30 September 2026
• Auction Time: Not supplied
• Buyer Premium: Not supplied
• Auction Administration Fee: £2,000 + VAT, totalling £2,400, payable in addition to the purchase price
• Under Option 2 terms, the buyer places a £3,000 deposit, which comes off the purchase price.

Investment Analysis

HB estimates: The five same-road completed sales indicate a provisional comparable-based GDV of £237,200, subject to the property's condition, size, specification and exact location. No refurbishment allowance can be evidenced from the supplied information.

HB estimates: Using advertised asking rents of £875–£918 per calendar month and the £145,000 guide price, the indicative gross yield is approximately 7.24%–7.60%. These are asking rents, not achieved or passing rents.

HB estimate: £145,000 is the provisional maximum hammer bid pending confirmation of condition and all other purchase costs. Including the known administration fee, the minimum stated acquisition cost would be £147,400 before any additional costs.

Sold Comparables

The following completed sale evidence was supplied for same-road semi-detached freehold properties:

Address	Sale Price	Sale Date	Type	Tenure
42 Corporation Road, Redcar, TS10 1PB	£287,500	24 February 2025	Semi-Detached	Freehold
4 Corporation Road, Redcar, TS10 1PB	£211,000	4 April 2024	Semi-Detached	Freehold
62 Corporation Road, Redcar, TS10 1PB	£247,500	23 June 2023	Semi-Detached	Freehold
66 Corporation Road, Redcar, TS10 1PB	£230,000	2 December 2022	Semi-Detached	Freehold
2 Corporation Road, Redcar, TS10 1PB	£210,000	9 September 2022	Semi-Detached	Freehold

The supplied comparable sales range from £210,000 to £287,500, indicating valuation uncertainty.

Rental Evidence

The following is advertised asking-rent evidence only and does not represent achieved or passing rent:

Evidence	Property Type	Bedrooms	Advertised Asking Rent
Houses to rent in Redcar | OnTheMarket	Flat/Apartment	3	£875 pcm
Houses to rent in Redcar Lane, TS10, Redcar and Cleveland	Semi-Detached	3	£918 pcm

Rental evidence is limited to these two advertised listings, including one flat and one three-bedroom semi-detached property.

Strategy & Risks

• HB strategy: investigate condition, floor area, legal pack and any occupancy before bidding.
• No occupancy status has been supplied.
• No internal condition, floor area, specification or refurbishment information has been supplied, so the HB GDV estimate remains uncertain.
• No refurbishment allowance can be evidenced from the supplied information.
• Rental evidence is limited to advertised asking rents rather than achieved rents; one comparable is a flat.
• The £2,400 auction administration fee is payable in addition to the purchase price. No buyer premium or other costs have been supplied.
• All services are untested.
• Any extension is subject to planning permission.