Spain Hill, Marske-By-The-Sea, Redcar, TS11 7LE

Property Overview

A two-bedroom freehold terraced house on Spain Hill, Marske-by-the-Sea, Redcar, TS11 7LE. The supplied description states that the property offers scope for development and is close to the High Street, schooling and the beach.

Accommodation

• Hall
• Living room
• Dining room
• Kitchen area
• Lean-to
• Utility/storage room
• First-floor landing
• Two bedrooms
• Bathroom

Location

Central Marske location, minutes from the High Street and beach. On-street parking is available. The supplied information states very low risk of surface water flooding.

Tenure & Key Information

• Tenure: Freehold
• Property type: Two-bedroom terraced house
• EPC: E
• Council Tax: Band A
• Heating: Canon-style gas fire in the living room and gas fire in the dining room
• Services: The seller advises mains gas, electricity, water and sewerage
• Occupancy: Not specified

Auction & Buyer Charges

• Guide price: £55,000+
• Auction date: 30th September 2026
• Auction administration fee: £2,000 plus VAT, totalling £2,400
• Buyer premium: Not supplied
• If a panel solicitor is used following referral, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480)

Investment Analysis

HB estimate: Indicative GDV estimate of £116,700, calculated from the average of five completed Spain Hill sales ranging from £110,000 to £126,000, dated 2003–2015. This is an HB estimate, not a formal valuation. The comparables are historic and provide no evidence of current condition, specification or market value.

No HB refurbishment, rental, gross yield or maximum bid estimates are supplied. No rental evidence or passing rent is provided. The £2,400 auction administration fee should be allowed for in any bidding decision.

Sold Comparables

The following supplied HM Land Registry sold data relates to terraced freehold properties on Spain Hill:

Property	Sold price	Sale date
9 Spain Hill	£115,500	10 July 2015
2 Spain Hill	£110,000	9 November 2012
3 Spain Hill	£120,000	9 December 2011
9 Spain Hill	£112,000	1 December 2006
10 Spain Hill	£126,000	19 May 2003

Rental Evidence

No advertised rental evidence, auctioneer estimated rent or passing rent has been supplied. No rental or yield estimates can therefore be stated.

Strategy & Risks

HB’s recommended strategy is to treat the historic comparable average only as a broad reference point. Establish the property’s condition, occupancy and any additional auction costs before bidding; the supplied evidence does not support setting a reliable maximum bid.

• Historic sold comparables may not reflect current market value.
• Property condition and refurbishment requirements are not supplied.
• Occupancy status is unspecified.
• No rental comparables or passing rent are provided.
• The £2,400 auction administration fee reduces investment returns and must be included in total acquisition costs.