Keilder Close, Redcar, TS10

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INVESTOR BUY-TO-LET OPPORTUNITY – TENANTED SINCE 2017 – STRONG STATED 12% YIELD – ONLINE VALUATION TOOL INDICATES £72,000

Sell with AMRP are pleased to present this ready-made buy-to-let investment opportunity at 48 Kielder Close, Redcar, TS10 4HT.

This is an investor-focused opportunity with an established tenant in situ, a strong rental income profile and a long-standing tenancy dating back to 2017.

For landlords looking for income from day one, this property should be reviewed seriously.

KEY INVESTMENT HIGHLIGHTS

• Same tenant since 2017

• Current rent: £650 PCM

• Rent after management: £556.40 PCM

• Strong stated yield: 12%

• Online valuation tool indicates: £72,000

• Previous guide figure: £62,500

• Approximate discount against online valuation: £9,500

• Approximate BMV position: 13.2% below online valuation

• Freehold mid-terrace

• 2 bedrooms

• 2 bathrooms

• Gas heating

• Council Tax Band A

• Next rent review: October 2026

• Full investment pack available on request

• Offers invited, subject to mortgage lender approval

WHY INVESTORS SHOULD TAKE NOTICE

This is not a vacant property requiring a tenant to be found before income starts. The property is already tenanted, with the same tenant in occupation since 2017.

For many landlords, that is one of the most attractive features of a buy-to-let purchase. A long-standing tenant can indicate stability, continuity and immediate rental income, subject of course to the buyer’s own due diligence and legal review.

The current rent is £650 PCM, with rent after management shown at £556.40 PCM.

The supplied investment figures show a stated yield of 12%, based on the previous guide figure of £62,500.

The online valuation tool figure supplied for the property is £72,000, creating a clear investor angle for buyers seeking a possible below-market-value purchase.

PROPERTY OVERVIEW

48 Kielder Close is a freehold mid-terrace property located in Redcar, TS10 4HT.

The property comprises:

• 2 bedrooms

• 2 bathrooms

• Mid-terrace layout

• Freehold tenure

• Gas heating

• Council Tax Band A

• Tenanted accommodation

The property is currently let and producing £650 PCM.

This is the kind of opportunity that may suit landlords looking to add an income-producing asset to an existing portfolio, or investors looking for a lower-cost entry point into the North East rental market.

RENTAL INFORMATION

Current rent: £650 PCM

Management deduction, 12% + VAT: £93.60 PCM

Rent after management: £556.40 PCM

Next rent review: October 2026

The property is already generating rental income, and the long-term tenancy history is a key part of the investment story.

TENANCY POSITION

The tenant has been in occupation since 2017.

This is a major point for investor buyers. Many investors are not simply looking for bricks and mortar; they are looking for income, continuity and a property that already has a rental history.

Please note that arrears of £1,115 are recorded in the supplied information. Prospective purchasers should review this as part of their due diligence and request the full investment pack before making a final decision.

VALUE / BMV ANGLE

The supplied online valuation tool indicates a value of £72,000.

The property has previously been presented with a guide figure of £62,500, representing a difference of £9,500 against the online valuation tool figure.

That equates to approximately 13.2% below the supplied online valuation figure.

For investors looking for a potential below-market-value buy-to-let opportunity, this is likely to be one of the main attractions.

LOCATION

Kielder Close is located in Redcar, a well-established Teesside coastal town with a strong rental market serving local residents, workers and families.

The property is positioned within reach of local amenities, schools, transport links and the wider Redcar and Cleveland area.

Redcar offers access to:

• Local shops and everyday amenities

• Schools and community facilities

• Redcar town centre

• Redcar seafront and leisure amenities

• Road links across Teesside

• Rail connections via Redcar stations

• Employment areas across Redcar, Cleveland, Teesside and the wider North East

This combination of affordability, local amenities and tenant demand is one of the reasons investors continue to monitor the North East buy-to-let market.

COMPLIANCE INFORMATION

Gas Certificate Expiry: 01/06/2027

EPC Expiry: 16/10/2022

EPC Current Rating: D-68

EPC Potential Rating: B-85

EICR Expiry: 25/05/2029

Please note that the EPC expiry date appears to have passed, and buyers should factor this into their due diligence.

INSPECTION REPORT

A supporting inspection report is available here:

Date of visit: 03/03/2026

SALE INFORMATION – OFFERS INVITED SUBJECT TO MORTGAGE LENDER APPROVAL

This property is being offered with offers invited.

Prospective purchasers should be aware that the seller’s circumstances mean any proposed sale price may require the agreement and approval of the mortgage lender before a sale can proceed.

This means that any offer received will be discussed with the seller and, where appropriate, submitted to the mortgage lender for consideration.

The submission of an offer, or initial acceptance by the seller, should not be taken as confirmation that the lender will approve the proposed sale price.

The lender’s consideration process may take time and may require supporting information, valuations or other documentation.

For this reason, interested investors are encouraged to submit their best offer, together with clear information about their purchasing position, funding arrangements and expected timescale.

Any sale will remain subject to the seller’s instructions, any necessary mortgage lender approval, contract, satisfactory legal due diligence and formal exchange of contracts.

Neither the seller nor AMRP can guarantee that a particular offer will ultimately receive lender approval or proceed to completion.

WHO SHOULD ENQUIRE?

This opportunity may suit:

• Buy-to-let landlords

• Portfolio investors

• Cash buyers

• Investors with lending agreed

• Buyers seeking a tenanted property

• Investors looking for income from day one

• Investors seeking potential below-market-value opportunities

• Landlords looking for North East / Teesside rental stock

WHY ENQUIRE NOW?

Investor opportunities with the following features often generate strong interest:

• Tenant in situ

• Same tenant since 2017

• £650 PCM rent

• Stated 12% yield

• Freehold property

• Online valuation tool indicating £72,000

• Offers invited

• Full investment pack available

If you are actively buying investment property, this is worth reviewing.

FULL INVESTMENT PACK AVAILABLE

A full investment pack can be supplied on request, including the available inspection link, rental figures, compliance information and sale notes.

IMPORTANT NOTE

All figures are provided from the supplied investment information and should be checked by prospective purchasers before proceeding. Investors should carry out their own due diligence, take independent legal and financial advice, and satisfy themselves on rent, yield, valuation, condition, compliance, tenancy position, arrears, lender approval requirements and suitability before incurring costs.

Contact Sell with AMRP to register your interest and request the full investor pack.