2 Bed Flat, Single Let, Billingham, TS22 5HG, £70,000
Belmont Avenue, Billingham, Stockton on Tees, TS22 5HG - 2 years ago
Leasehold
BTL
ROI: 8%
~68 m²
+1 photos
ValuationFair Value
| Sold Prices | £51K - £210K |
| Sold Prices/m² | £773/m² - £3.1K/m² |
| |
Square Metres | ~68.11 m² |
| Price/m² | £1K/m² |
Value Estimate | £70,949 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £17,500 |
Stamp Duty & Legal Fees | £4,700 |
Total Cash In | £22,200 |
| |
Cash Out | |
Rent Range | £450 - £775 |
Rent Estimate | £473 |
Running Costs/mo | £333 |
Cashflow/mo | £140 |
Cashflow/yr | £1,676 |
ROI | 8% |
Gross Yield | 8% |
Local Sold Prices
22 sold prices from £51K to £210K, average is £61.8K. £773/m² to £3.1K/m², average is £1K/m².
Local Rents
15 rents from £450/mo to £775/mo, average is £575/mo.
Local Area Statistics
Population in TS22 | 8,662 |
Population in Billingham | 38,903 |
Town centre distance | 0.32 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.13 miles away |
| |
Rental growth (12m) | -5% |
Sales demand | Buyer's market |
Capital growth (5yrs) | -4% |
Property History
Price changed to £70,000
September 13, 2024
Listed for £75,000
June 16, 2023
Description
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