Gladstone Street, Carlin How, Saltburn-By-The-Sea, TS13 4DR

Property Overview

Gladstone Street, Carlin How, Saltburn-By-The-Sea, TS13 4DR. A two-bedroom freehold mid-terraced house in a popular residential area, described by the seller as suitable for first-time buyers or investors. EPC rating D and Council Tax Band A.

Accommodation

• Ground floor: generous lounge, large fitted kitchen, rear lobby and family bathroom.
• First floor: two well-proportioned double bedrooms.

Location

Situated in a popular residential area of Carlin How, close to local amenities, schools and transport links.

Tenure & Key Information

• Tenure: Freehold.
• Services: The seller advises that mains gas, electricity, water and sewerage are provided.
• Very low risk of surface water flooding is stated.
• Occupancy, parking, heating and lease details are not supplied.

Auction & Buyer Charges

• Guide price: £52,000+.
• Auction date: 30th September 2026.
• Option 2 terms state a £2,400 + VAT administration fee. A separate disclaimer states that the successful buyer pays a £2,000 + VAT auction administration fee (£2,400 total).
• Under Option 2, the buyer places a £3,000 deposit, which comes off the purchase price.
• If using a referred North East solicitor from the auctioneer’s panel, the auctioneer states it receives a referral fee of £200 plus VAT (£240) to £400 plus VAT (£480).
• No buyer premium is supplied.

Investment Analysis

HB estimates: estimated market value/GDV is approximately £68,000, subject to inspection and auction terms. This is an estimate and not a formal valuation.

At the £52,000 guide, the HB estimate is an annualised gross rent of £7,140 and an approximate gross yield of 13.7%, before costs. Including the stated £2,400 administration fee, the guide-plus-fee cost is £54,400 and the equivalent HB estimated gross yield is approximately 13.1%.

No refurbishment allowance or defensible maximum bid has been calculated because condition, required works and target return assumptions are not supplied.

Sold Comparables

HM Land Registry sold data supplied:

Property	Sale Price	Sale Date	Type	Tenure
34 Gladstone Street	£60,000	2025-10-31	Terraced	Freehold
22 Gladstone Street	£67,000	2024-11-15	Terraced	Freehold
40 Gladstone Street	£58,500	2024-10-18	Terraced	Freehold
74 Gladstone Street	£74,000	2024-05-14	Terraced	Freehold
26 Gladstone Street	£78,999	2023-08-24	Terraced	Freehold

The supplied completed same-street sales range from £58,500 to £78,999, with an average of £67,700 and median of £67,000. The subject property’s condition and exact specification are not provided.

Rental Evidence

• Advertised asking rent: £595 pcm for a two-bedroom terraced property on Gladstone Street, Carlin How. This is advertised rental evidence, not an achieved or passing rent.
• Advertised asking rent: £325 pcm for a two-bedroom flat/apartment in TS13. This is advertised rental evidence and is less directly comparable.

Strategy & Risks

HB estimate: investigate condition, title and auction terms before bidding. The guide appears below the supplied completed sales, but the headline yield should not be relied upon until administration fees, financing, insurance, voids, maintenance and achieved rent are assessed.

• Property condition and refurbishment requirements are not supplied.
• The £595 pcm figure is an advertised asking rent, not an achieved or passing rent.
• Rental evidence is limited, with only one directly relevant two-bedroom terraced listing.
• The £2,400 administration fee reduces the effective gross yield.
• The guide price is not necessarily the reserve or final purchase price.
• Occupancy status is not supplied.
• No buyer premium is supplied; other purchase and financing costs are excluded.