France Street, Redcar

Property Overview

Source facts: France Street, Redcar is a two-bedroom freehold mid-terrace house offered for sale with no chain. The property is suitable for consideration by a first-time buyer or buy-to-let purchaser. Early viewing is advised.

Accommodation

• Entrance hall
• Hall
• Living room
• Dining room
• Kitchen
• Bathroom
• First-floor landing
• Two bedrooms
• Enclosed rear yard

The property has a wall-mounted combi boiler, radiators and a living flame gas fire. The seller advises that mains gas, electricity, water and sewerage are connected; services have not been tested.

Location

Source facts: Popular central Redcar location, within minutes of Redcar Town and beach.

Tenure & Key Information

• Tenure: Freehold
• EPC: D
• Council Tax: Band A
• Parking: On-street resident permit parking
• Occupancy status: Not supplied

Auction & Buyer Charges

• Guide Price: £57,500+
• Auction date: 30 September 2026
• Administration charge: £2,000 + VAT, stated as £2,400 total
• Option 2 terms also state a £2,400 + VAT administration fee; this charge requires clarification
• Option 2 deposit: £3,000, deducted from the purchase price
• Buyer premium: Not supplied

Investment Analysis

HB estimates: Estimated value: £66,400. Estimated rental range: £526–£529 pcm. Estimated gross yield: 9.5%–9.6%. Indicative maximum bid: £64,000.

The indicative maximum bid is based on the estimated value less the stated £2,400 administration charge only. It is not a fully costed investment ceiling, as refurbishment, legal costs, SDLT and any buyer premium have not been supplied. Rental and yield figures are indicative estimates based on advertised flat rents and should be verified before bidding. Asking or estimated rent is not achieved or passing rent.

Sold Comparables

HM Land Registry sold data supplied:

Property	Sold Price	Sold Date	Type	Tenure
29 France Street, Redcar, TS10 3HJ	£60,000	11 August 2025	Terraced	Freehold
59 France Street, Redcar, TS10 3HJ	£70,000	6 June 2024	Terraced	Freehold
19 France Street, Redcar, TS10 3HJ	£65,000	5 March 2024	Terraced	Freehold
11 France Street, Redcar, TS10 3HJ	£72,000	1 March 2024	Terraced	Freehold
31 France Street, Redcar, TS10 3HJ	£65,000	16 June 2023	Terraced	Freehold

HB estimate: The supplied same-street freehold terraced sales range from £60,000 to £72,000, with an estimated average of £66,400. Condition and specification should be checked before relying on this estimate.

Rental Evidence

Advertised rental evidence supplied: Two-bedroom flats elsewhere in TS10 were advertised at £526 pcm on Stirling Road and £529 pcm on Laburnum Road. These are advertised asking rents, not achieved rents, and are not direct house comparables.

Strategy & Risks

HB estimate: The property may be considered for a buy-to-let strategy, subject to verification of condition, achievable rent and all purchase costs.

• Property condition and occupancy status are not supplied, so no refurbishment allowance can be calculated.
• Rental evidence is limited to two advertised two-bedroom flat rents and may not reflect achievable rent for this house.
• The latest same-street sale was £60,000, below the estimated comparable average.
• Administration charge evidence is inconsistent: one statement gives £2,400 total, while the Option 2 text refers to £2,400 plus VAT.
• Buyer premium and other purchase costs are not supplied.
• Services have not been tested.