Staithes Road, Redcar, TS10 5DU

Property Overview

Four-bedroom semi-detached freehold house on Staithes Road, Dormanstown, Redcar, TS10 5DU. The property has been significantly extended to provide additional living space, an integrated garage, a fourth bedroom and a second bathroom. A new boiler was fitted in April 2025.

Accommodation

• Hallway
• Living room
• Kitchen with upgraded heating system
• Dining room
• Integrated garage
• First-floor main landing and secondary landing
• Four bedrooms
• Bathroom and WC

Location

Located on Staithes Road, Dormanstown, with convenient access to schools, shops and transport links.

Tenure & Key Information

• Tenure: Freehold
• EPC: C
• Council Tax: Band B
• Parking: Integrated garage with external access and private driveway providing off-street parking
• Heating: Gas central heating, with an upgraded kitchen heating system
• Services: Seller advises mains gas, electricity, water and sewerage
• Flooding: Seller-supplied information states very low risk of surface water flooding

Auction & Buyer Charges

• Guide price: £145,000+
• Auction date: 230th September 2026, as supplied; buyers should verify the date and auction details
• Option 2 deposit: £3,000, deducted from the purchase price
• Administration charge: £2,400 + VAT under the stated Option 2 terms. The disclaimer refers to a £2,000 + VAT auction administration fee, stated as a total of £2,400. Confirm the applicable charge before bidding.
• If using a recommended panel solicitor, the auctioneer may receive a referral fee of £200 plus VAT (£240) to £400 plus VAT (£480).

Investment Analysis

HB estimates: The supplied evidence indicates an estimated rent of £550 pcm and an estimated gross yield of 4.55% at the £145,000 guide price, or 4.48% after the stated £2,400 administration fee. These are estimates only and exclude all other acquisition, finance, refurbishment and operating costs. They are not a formal valuation and the £550 pcm figure is not an achieved or passing rent.

No defensible HB maximum bid, refurbishment allowance or current market value can be established from the supplied evidence alone. The HB view is to obtain condition and valuation evidence before bidding and to price against a verified current valuation, including the administration fee.

Sold Comparables

The following HM Land Registry sold data was supplied:

The closest supplied completed sale is the same-road semi-detached property sold for £96,500 in September 2020. The HB analysis states that the £145,000+ guide is approximately 50% above this benchmark. The supplied evidence does not confirm the subject property's condition, floor area, specification or current market value.

Rental Evidence

One advertised rental listing for a semi-detached property on Staithes Road, Redcar, TS10 indicates an asking rent of £550 pcm. This is advertised asking-rent evidence only and is not an achieved or passing rent. No auctioneer estimated rent was supplied.

Strategy & Risks

• Treat the £145,000+ guide cautiously because it is materially above the closest supplied same-road completed sale.
• Sold-comparable evidence is limited and dated, with the closest supplied sale completed in 2020.
• Property condition, floor area, specification and occupancy are not supplied.
• The £550 pcm figure is an advertised asking rent, not an achieved or passing rent.
• The £2,400 administration fee applies under the stated Option 2 terms, subject to confirmation, before other purchase, finance or operating costs.
• No refurbishment allowance or reliable current market value can be established from the supplied evidence.
• Obtain independent condition, legal and valuation advice before bidding.