Redcar Lane, Redcar, TS10 2DA

Property Overview

4-bedroom semi-detached house on Redcar Lane, Redcar, TS10 2DA, offered for sale via auction with a guide price of £165,000+. The property extends to approximately 1,550 sq ft and is described as offering scope for future development. EPC rating C and Council Tax Band C.

Accommodation

• Entrance hall and hall
• Lounge diner
• Family room
• Kitchen and WC
• Lean-to
• First-floor landing
• Four bedrooms
• Bathroom
• Two garages with twin remote roller doors, power, lighting and eaves storage

Location

The property is described as being close to local amenities, a school, transport links and the beach.

Tenure & Key Information

• It is understood that the property is not registered at HM Land Registry. Buyers should obtain conveyancing advice regarding title and registration requirements.
• Occupancy status is not supplied, so vacant possession and any occupier rights are unconfirmed.
• Gas central heating with a recently fitted Worcester boiler.
• Mains gas, electricity, water and sewerage.
• The seller advises a very low risk of surface water flooding; no known flooding risk is supplied.
• Standard broadband and mobile signal.
• Lease information is not supplied.

Auction & Buyer Charges

• Auction date: 30 September 2026.
• Guide price: £165,000+.
• The supplied terms state an auction administration fee of £2,400 including VAT (£2,000 + VAT).
• Under Option 2 terms, the buyer places a £3,000 deposit, deducted from the purchase price, and pays the stated £2,400 + VAT administration fee. Buyers should clarify the applicable fee with the auctioneer.
• No buyer premium or other fees have been supplied.

Investment Analysis

HB estimates only: estimated GDV £172,000. The strongest evidence identified is the same-road semi-detached sale at £172,000 in August 2024. Other same-road sales range from £122,000 to £228,000, indicating substantial variation and limited valuation certainty.

• HB estimated rent: £1,100–£1,200 pcm. These are estimates based on advertised asking rents, not achieved or passing rents.
• HB estimated gross yield: 8.0%–8.7% before costs, voids, maintenance, finance and management.
• HB estimated maximum bid: £165,000, subject to satisfactory legal review of the unregistered title and confirmation of vacant possession, condition and total auction costs.

Sold Comparables

The following HM Land Registry sold data was supplied for comparison:

Rental Evidence

Supplied advertised rental evidence for 4-bedroom semi-detached houses in TS10 indicates asking rents of £1,200 pcm and £1,100 pcm. These are advertised asking rents only and are not evidence of achieved or passing rent.

Strategy & Risks

• HB estimate: treat £165,000 as an indicative maximum hammer bid, subject to legal review and confirmation of vacant possession, condition and total auction costs.
• The property is reportedly unregistered at HM Land Registry; title, ownership and registration requirements require particular attention.
• No condition or refurbishment information has been supplied, and actual works could materially affect value and yield.
• Occupancy status is not supplied.
• The £2,400 administration fee is payable in addition to the purchase price; the supplied terms also refer to £2,400 + VAT under Option 2 and should be clarified.
• Comparable sale prices vary materially from £122,000 to £228,000, reducing valuation confidence.
• Do not bid above the latest £172,000 comparable without stronger evidence of condition or value.