Where Excellence Comes as Standard – Alfred Street, Redcar

5 Bedroom | 5 Bathroom | High Yield HMO Investment

Financial Breakdown

• Purchase Price: £77,000.00
• Deposit: £22,541.75 (includes 6 months interest for bridging loan)
• Conversion/Build: £78,535.52* approx. (subject to further onsite visits)
• Set up & Design Fees: £15,500.00
• Stamp Duty: £3,850.00
• Legals Estimate: £1,400.00
• Survey: £650.00
• Furniture & Flooring Packs: £11,554.49 (optional)
• Total Project Cost: £191,781.76 (includes 6 months interest for bridging loan)
• Total Cash Outlay: £134,031.76 (includes 6 months interest for bridging loan)
• Projected Rental Income: £29,900/year (£115 PPPW net of bills x 5)
• Management Fees (10% incl. VAT): £4,368.00
• Net Income After Management: £25,532.00/year
• Post-Refinance Cash Left: £43,781.76
• ROI After Refinance: 41.42%
• Based on an estimated refinance valuation of £185,000, approx. £148,000 can be released after 6 months, leaving net income around £18,132/year.

Why Invest in Redcar?

• Highly Accessible Location: close to local amenities, schools, parks, seafront; Middlesbrough town centre a short drive away.
• Prime for Student Tenants: Teesside University and vocational programs in the Tees Valley make Redcar ideal for students.
• Appealing to Young Professionals: Growth in Teesworks, offshore energy, logistics, and healthcare sectors creates rental demand.
• Strategic Coastal Location: Gateway to Teesworks & Tees Freeport; affordable investment hub.
• Industrial & Energy Growth: Green energy, offshore wind, hydrogen, and advanced manufacturing projects.
• Long-Term Growth: Strong regeneration, freeport status, and low-cost housing make Redcar a high-potential hotspot.

Key Property Features

• A new Inspire landlord thermostatic system will be installed to control central heating, potentially saving up to £1,000 per year.
• The property will be refurbished to the highest standard and will include full furniture packs with a washing machine, vacuum cleaner, and microwave.
• All rooms will be rented at market rates (ensuite) per person per week.
• The property will be fully regulated and compliant with local council requirements following inspection.
• Every room will have interlinked smoke alarms, emergency lighting, fire panels, and heat sensors installed.

Nearby Locations

Property Location

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* VAT and terms apply where applicable.

Disclaimer: All figures are estimates and subject to market conditions, lender criteria, and planning outcomes. Capital at risk. Past performance is not a guarantee of future results. Always seek independent financial advice before investing. We also refer you to our terms and conditions which supersede any previous versions.