Alfred Street, Redcar
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
1,022 sq ft
95 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Fully refurbished 4-bed corporate let completed to a premium standard by Horizon Property Services.
- High-performing investment generating £22,108.99 gross income in 11 months.
- Strong returns: 19.2% gross yield and 32%+ ROI achievable with 75% LTV finance.
- Stylish, durable interior with modern décor, quality furnishings, and low-maintenance finishes.
- Spacious layout: lounge/dining area, fully fitted kitchen, modern bathroom, and four well-presented bedrooms.
- Fully furnished turnkey sale – includes all appliances, furniture, and inventory items.
- Operational handover included with proven booking history and ongoing corporate lets.
- Professionally managed by Horizon Stays, a trusted operator with a strong local client base.
- Excellent location near Redcar town centre, seafront, A174, and Teesworks employment hub.
- Hands-off, cash-flowing investment in a growing North East rental market. (Buyer’s fee: £3,600 + VAT)
Description
Renovated by Horizon Property Services, the property has been completed to a premium standard throughout, offering a stylish, durable, and low-maintenance setup ideal for serviced accommodation or corporate letting.
Ground Floor:
Spacious lounge/dining area
Modern fully fitted kitchen
One double bedroom / Reception
Spacious Bathroom with 3 Piece Suite
First Floor:
Two further double bedrooms and 1 Single Bedroom
The property is fully furnished with modern décor, durable flooring, and high-end finishes.
Investment Details
Gross Income: £22,108.99 (11 months’ trading)
Gross Yield: 19.2% (based on fixed price)
ROI: 32%+ (with 75% LTV finance)
Management: Horizon Stays – proven operator with established corporate client base
Location
Located on Alfred Street, within walking distance of Redcar town centre, the seafront, and major local employment hubs. Excellent access to the A174 and Teesworks industrial site, ensuring consistent corporate demand.
Sale Includes:
All furnishings, appliances & inventory items
Future bookings and operational handover
Proven booking history and performance data
This is a prime turnkey serviced accommodation investment in a growing North East rental market, ideal for investors seeking strong cash flow and a fully managed hands-off asset.
Buyers Fee Applicable of £3,600+VAT
Brochures
Alfred Street, Redcar- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Alfred Street, Redcar
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Visit our security centre to find out moreDisclaimer - Property reference 34269292. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PROPERTY EXPRESS SALES, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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