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Flat 1, 106 Coatham Road is a period property built between 1800 and 1911, part of an eight-flat complex with a 125-year lease initiated in 2007. The building benefits from a nearby railway station, Redcar Central, and the seafront is within walking distance, offering recreational opportunities. The flat is located in a mixed-use area with residential and commercial properties, near schools, Coatham Church of England Primary School and Sacred Heart Catholic Secondary School, both rated 'Good' by Ofsted. A nearby nature reserve, Coatham Marsh, is managed by the Tees Valley Wildlife Trust. The property's freehold is currently generating £125 per annum per flat in ground rent, with scheduled increases.