Investment Opportunity – Alfred Street, Redcar

6 Bedroom | 6 Bathroom | Design & Build HMO Investment

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Financial Breakdown

  • Purchase Price: £85,000.00
  • Deposit: Ask for details (includes 6 months interest for bridging loan)
  • Conversion / Build: Ask for details (subject to further onsite visits)
  • Set Up Costs / Design & Build Fees: Ask for details
  • Legals Estimate: £1,400.00
  • Survey: £650.00
  • Stamp Duty: Ask for details
  • Furniture & Flooring (optional): Ask for details
  • Total Project Cost: Ask for details (includes 6 months interest for bridging loan)
  • Total Cash Outlay: Ask for details (includes 6 months interest for bridging loan)
  • Projected Rental Income: £105.00 PPPW net of bills (water, gas, electricity) x 3 and £125.00 PPPW = £29,380
  • Management Fee (10% inc. VAT, fully managed): £4,461.60
  • Net Income: £24,918.40
  • Net ROI After Refinance: 58.78% (Based on an estimated refinance valuation of £245,000.00 we can release approximately £196,000.00 by re-mortgaging after 6 months. At this stage, you will have around £24,052.12 left in the deal and after deducting the new, increased mortgage interest, your net income will be around £14,138.40 per annum giving you a net return on cash invested of 58.78%)

Request the full financial & refinance pack

Includes build scope, refinance figures & rental assumptions

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Why Invest in Redcar?

  • Gateway to Teesworks & Tees Freeport regeneration
  • High demand from students & young professionals
  • Strong rental yields with low entry price
  • Growing employment from energy & logistics sectors
  • Coastal lifestyle supporting long-term demand

Nearby Locations

Redcar Seafront
5 mins walk
Middlesbrough Centre
15 mins drive
Teesworks Site
12 mins drive
Redcar Train Station
6 mins drive

Property Location

* VAT charged where applicable. Figures are estimates only. Capital at risk.