For Sale1 Bedroom Flat in Coatham Road, Redcar, TS10 1RZ£38,000

The Property PLEASE ENTER YOUR DESCRIPTION HERE Flat 1, 106 Coatham Road is part of a period property comprising eight flats, originally constructed between 1800 and 1911. Each flat, including Flat 1, is held on a 125-year lease initiated in 2007. The freehold of the building was listed for sale in 2022 as a ground rent investment, generating £125 annually per flat, with scheduled increases over time . Local Area Overview Situated in the Coatham area of Redcar, Flat 1 benefits from proximity to various amenities. Redcar Central railway station is approximately 500 meters away, providing convenient transport links . The seafront is within walking distance, offering recreational opportunities. Educational institutions nearby include Coatham Church of England Primary School (rated 'Good' by Ofsted) and Sacred Heart Catholic Secondary School, also rated 'Good' . The area is characterized by a mix of residential and commercial properties, with a history dating back to the 12th century. Coatham Marsh, a 54-hectare nature reserve managed by the Tees Valley Wildlife Trust, is located nearby, offering natural landscapes and wildlife habitats . Investment Perspective Flat 1, 106 Coatham Road presents a compelling investment opportunity, given its strong rental yields and affordable entry price. The property's location offers convenient access to transportation, education, and recreational amenities, enhancing its appeal to potential tenants.