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.

PriceDateDistanceAddressBeds 
£72K06/230 mi79, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HG2
£68.2K08/220.01 mi63, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HG2
£60K09/210.07 mi8, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HF2
£61K10/210.07 mi24, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HF2
£60K09/210.07 mi6, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HF2
£60K09/210.07 mi8, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HF2
£61K10/210.07 mi24, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HF2
£62.5K10/200.07 mi47, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HF2
£60K09/210.07 mi6, Belmont Avenue, Billingham, Stockton-on-tees TS22 5HF2
£210K11/210.34 mi3, Annfield Close, Billingham, Stockton-on-tees TS23 2TA2
£75K06/220.81 mi207, Kennedy Gardens, Billingham, Stockton-on-tees TS23 3RL2
£51K10/200.85 mi132, Kennedy Gardens, Billingham, Stockton-on-tees TS23 3RH2
£66K08/220.85 mi34, Kennedy Gardens, Billingham, Stockton-on-tees TS23 3RF2
£53K10/210.85 mi24, Kennedy Gardens, Billingham, Stockton-on-tees TS23 3RF2
£53K10/210.91 mi24, Kennedy Gardens, Billingham, Stockton-on-tees TS23 3RF2
£60K08/210.93 mi6, Halton Court, Billingham, Stockton-on-tees TS23 3XG2
£71.5K04/210.93 mi14, Halton Court, Billingham, Stockton-on-tees TS23 3XG2
£60K08/210.93 mi6, Halton Court, Billingham, Stockton-on-tees TS23 3XG2
£70K04/210.95 mi12, Butsfield Way, Billingham, Stockton-on-tees TS23 3XA2
£80K12/230.95 mi7, Butsfield Way, Billingham, Stockton-on-tees TS23 3XA2
£68.5K11/230.95 mi38, North Park, Billingham, Stockton-on-tees TS23 3SX2
£69K03/240.99 mi69, North Park, Billingham, Stockton-on-tees TS23 3SU2

Local Rents

15 rents from £450/mo to £775/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£50006/240.02 mi-2
£47510/240.05 miBelmont Avenue, Wolviston Court, Billingham2
£57902/240.07 mi-2
£59010/240.07 mi-2
£60010/240.07 mi-2
£61702/250.07 mi-2
£77501/250.24 mi-2
£65012/230.52 mi-2
£61012/240.74 mi-2
£47007/240.77 mi-2
£55010/240.87 miWallington Walk, Billingham2
£57510/240.94 mi-2
£57510/240.94 mi-2
£47501/251.2 mi-2
£45009/231.22 mi-2

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

  • Two Bedroom +
  • Large Lounge +
  • First Floor Flat +
  • Ideal Investment oppurtunity +

Ideal Investment Opportunity or Perfect for a First-Time Buyer!

This two-bedroom first-floor flat offers a straightforward 'you get what you see' appeal, featuring double glazing, a back garden, driveway for parking, and gas central heating.

Accommodation includes an Entrance Hallway, Lounge, Kitchen, Bathroom, and Two Bedrooms.

Viewings are strictly via Kings.

Agent Details

Kings Sales & Letting Agents, Yarm

01642 049237

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪