The Fleet, Redcar, TS10 5PF

Property Overview

The Fleet, Redcar, TS10 5PF. A three-bedroom freehold end-terrace house offered at auction with potential for refurbishment and cosmetic updating. The property is described as generally in reasonable condition but in need of some TLC and modernisation, including replacement windows and external doors.

Accommodation

• Three bedrooms
• House – end terrace
• EPC: D
• Council Tax: Band A
• Seller advises mains gas, electricity, water and sewerage are connected

Location

Ideally located close to local amenities, transport links, shops and everyday conveniences in Redcar.

Tenure & Key Information

• Tenure: Freehold
• Occupancy: Not supplied; vacant possession or an existing tenancy cannot be assumed
• Parking: Not supplied
• Heating: Not supplied
• Lease information: Not supplied

Auction & Buyer Charges

• Guide Price: £40,000+
• Auction date: 30 September 2026
• Administration charge: £2,000 plus VAT, totalling £2,400, payable by the successful buyer
• Buyer premium: Not supplied
• If a North East-based solicitor from the auctioneer’s panel is used, the auctioneer may receive a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480)

Investment Analysis

HB estimates only, not a formal valuation:

• Provisional GDV/market value estimate: £44,000, subject to the property’s condition
• Estimated refurbishment allowance: Not available from the supplied analysis
• Estimated rent: £695–£775 pcm, based on advertised asking rents; these are not achieved or passing rents
• Estimated gross yield: 19.67%–21.93%
• Estimated maximum bid: £41,600

HB’s estimated strategy is to bid cautiously up to approximately £41,600. Together with the known £2,400 administration fee, this equals approximately £44,000 before any other unknown acquisition costs or refurbishment. Confirm the condition, legal pack and achievable rent before bidding.

Sold Comparables

HM Land Registry sold data supplied for same-street terraced freehold properties:

Same-street sold prices range from £44,000 to £84,000 and vary materially by date and property condition.

Rental Evidence

Advertised asking-rent evidence for three-bedroom properties in TS10 indicates £695–£775 pcm. This is rental advertising evidence only and does not represent achieved or passing rent.

• Aske Road, TS10: three-bedroom terraced property advertised at £775 pcm
• Laburnum Road, TS10: three-bedroom flat/apartment advertised at £775 pcm
• Stirling Road, TS10: three-bedroom flat/apartment advertised at £775 pcm
• Redcar, TS10: three-bedroom flat/apartment advertised at £695 pcm

Strategy & Risks

• Property condition and refurbishment requirements are not supplied, so no refurbishment allowance can be estimated.
• Rental figures are advertised asking rents from nearby comparables, not achieved or passing rents.
• Same-street sold prices vary substantially from £44,000 to £84,000, reducing valuation certainty.
• The £2,400 administration fee is included in the HB estimated maximum-bid calculation; other acquisition costs are not supplied.
• Occupancy status is not provided, so vacant possession or an existing tenancy cannot be assumed.
• Review the legal pack and confirm condition, occupancy and achievable rent before bidding.