Affordable flats are now available in Redcar, North Yorkshire, sparking interest from buyers seeking seaside homes.
Some properties cost as little as £20,000. The town has faced challenges like poverty. These cheap deals could help Redcar’s economy, with properties near sandy beaches available for £20,000.
The average UK coastal property costs £304,460. A local realtor saw quick sales as southern buyers seek affordable seaside homes. Last year, a property on Pierson Street sold for £49,995. It was near the seafront and got lots of attention.
Jennifer sold many similar flats in that area, which is central and near the town center. She said it was a short walk to the beach and wanted an investor to buy it. Also, an apartment on Coatham Road started at £20,000.
Another flat on that street cost £29,950 and was near the shore. Jennifer says Redcar is a nice seaside resort. Many people from the south invest there.
One buyer wanted an affordable holiday home. She thinks investors can get a lot for their money now, and out-of-town investment is increasing. She wants visitors to explore Redcar.
It has an 80-foot pier with great views, and they are known for lemon top ice cream. The movie ‘Atonement’ filmed there in 2006. In 2015, Redcar Steelworks closed, costing 3,000 jobs.
Now, Redcar is recovering because of a £200 million boost, inspiring residents and investors. Airbnbs are common in Redcar, although people have mixed feelings about them. Jennifer thinks this is good for Redcar.
She sold a building on the seafront that became gorgeous Airbnbs. Jennifer knows Redcar faces challenges too; unemployment is high and salaries are low. Crime exists in some areas.
But, it is a friendly town. People are kind and there is revival. Jennifer cares about Redcar. Andrew Parker said a Coatham Road property is a steal.
It has a guide price of £15,000 to £20,000 and will be sold at auction. Coastal properties are popular as people want them for living or renting. They suit all buyers because of the price.
This property is attracting interest. He looks forward to the auction on February 29.