3 Bed Bungalow, Refurb/BRRR, Redcar, TS10 4NN, £190,000

Crestwood, Redcar, North Yorkshire, TS10 4NN - a year ago

Refurb/BRRR
ROI: 7%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£58K - £355K
Sold Prices/m²£887/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£178,515

 

 

End Value (After Refurb)

£182,910

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£35,687

Bridging Loan Interest

£4,988

Total Cash In

£101,924

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,910

Mortgage (After Refinance)

£137,183

Mortgage LTV

75%

Cash Left In

£101,924

Equity

£45,728

Rent Range

£500 - £7,440

Rent Estimate

£1,535

Running Costs/mo

£899

Cashflow/mo

£636

Cashflow/yr

£7,637

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £58K to £355K, average is £164K. £887/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£195K02/230 mi54, Crestwood, Redcar, Redcar And Cleveland TS10 4NN3
£140K03/210.09 mi19, Wrentree Close, Redcar, Redcar And Cleveland TS10 4SB3
£170K03/230.09 mi11, Wrentree Close, Redcar, Redcar And Cleveland TS10 4SB3
£164K08/230.09 mi16, Wrentree Close, Redcar, Redcar And Cleveland TS10 4SB3
£180K07/230.1 mi6, Martindale Way, Redcar, Redcar And Cleveland TS10 4NL3
£157K08/230.1 mi5, Martindale Way, Redcar, Redcar And Cleveland TS10 4NL3
£355K06/210.12 mi23, Wheatlands Park, Redcar, Redcar And Cleveland TS10 2PE3
£169K08/210.12 mi18, Fulmerton Crescent, Redcar, Redcar And Cleveland TS10 4NJ3
£152.5K02/230.21 mi1, Overdale Close, Redcar, Redcar And Cleveland TS10 4SF3
£200.6K11/200.26 mi2, Hadston Close, Redcar, Redcar And Cleveland TS10 2TE3
£75K12/220.26 mi372, West Dyke Road, Redcar, Redcar And Cleveland TS10 4PH3
£198.3K12/210.27 mi82, Torcross Way, Redcar, Redcar And Cleveland TS10 2SQ3
£172K05/230.27 mi68, Torcross Way, Redcar, Redcar And Cleveland TS10 2SQ3
£58K06/210.28 mi332, West Dyke Road, Redcar, Redcar And Cleveland TS10 4PF3
£164K09/210.29 mi19, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£133K05/210.29 mi33, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£140K09/210.29 mi48, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£140K12/200.29 mi61, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£140K02/210.29 mi39, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£80K10/230.31 mi57, Egton Close, Redcar, Redcar And Cleveland TS10 4PQ3
£85K12/230.31 mi16, Grosmont Close, Redcar, Redcar And Cleveland TS10 4PJ3
£76K02/230.32 mi111, Blakey Close, Redcar, Redcar And Cleveland TS10 4PE3
£241K01/230.32 mi10, Didcot Close, Redcar, Redcar And Cleveland TS10 2XF3
£160K02/210.33 mi6, Colwyn Close, Redcar, Redcar And Cleveland TS10 2NR3
£205K08/230.35 mi14, Kirkwood Drive, Redcar, Redcar And Cleveland TS10 2SX3
£87.5K03/230.36 mi310, West Dyke Road, Redcar, Redcar And Cleveland TS10 4NX3
£230K10/230.36 mi7, Juniper Close, Redcar, Redcar And Cleveland TS10 2UD3
£260K06/230.36 mi76, Kirkwood Drive, Redcar, Redcar And Cleveland TS10 2TH3
£192.5K01/210.38 mi7, Magnolia Court, Redcar, Redcar And Cleveland TS10 2UB3
£108K03/210.38 mi33, Mapleton Crescent, Redcar, Redcar And Cleveland TS10 4SE3
£225K09/230.4 mi5, Azalia Grove, Redcar, Redcar And Cleveland TS10 2UA3
£242K06/230.41 mi5, Principal Road, Redcar, Redcar And Cleveland TS10 2GW3
£139K12/200.41 mi10, Dartmouth Grove, Redcar, Redcar And Cleveland TS10 2NX3
£155K03/210.41 mi16, Dartmouth Grove, Redcar, Redcar And Cleveland TS10 2NX3
£157K06/210.42 mi7, Needles Close, Redcar, Redcar And Cleveland TS10 4SJ3
£160K03/210.42 mi11, Goodwin Close, Redcar, Redcar And Cleveland TS10 4SL3
£165K06/210.42 mi19, Torcross Way, Redcar, Redcar And Cleveland TS10 2RU3
£175K03/230.42 mi23, Torcross Way, Redcar, Redcar And Cleveland TS10 2RU3
£143K05/210.42 mi7, Torcross Way, Redcar, Redcar And Cleveland TS10 2RU3
£180K10/230.42 mi6, Torcross Way, Redcar, Redcar And Cleveland TS10 2RU3
£160K08/230.43 mi1, Foundation Close, Redcar, Redcar And Cleveland TS10 2GY3
£74.5K01/210.44 mi3, Micklow Close, Redcar, Redcar And Cleveland TS10 4NP3
£83K09/230.44 mi9, Micklow Close, Redcar, Redcar And Cleveland TS10 4NP3
£230K09/210.46 mi7, Rillstone Way, Redcar, Redcar And Cleveland TS10 2TW3
£226K10/230.48 mi9, Abercorn Close, Redcar, Redcar And Cleveland TS10 2TX3
£86K01/230.5 mi77, Micklow Close, Redcar, Redcar And Cleveland TS10 4NS3
£180K12/200.5 mi6, Finchdale Close, Redcar, Redcar And Cleveland TS10 2SY3
£202K12/200.51 mi7, Sheerness Way, Redcar, Redcar And Cleveland TS10 2RQ3
£190K02/210.52 mi23, Lorton Road, Redcar, Redcar And Cleveland TS10 4LY3
£189K03/210.52 mi18, Lorton Road, Redcar, Cleveland TS10 4LY3

Local Rents

51 rents from £500/mo to £7.4K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£89512/240.26 mi-3
£72510/240.35 miKirkwood Drive, Redcar, Cleveland, TS102
£55010/240.44 mi-2
£65002/250.44 mi-2
£60007/230.54 mi-3
£1,00004/230.59 mi-3
£2,55010/240.65 mi-1
£2,55010/240.65 mi-1
£2,20010/240.65 mi-1
£2,00010/240.65 mi-1
£2,20010/240.65 mi-1
£2,00010/240.65 mi-1
£2,00010/240.65 mi-1
£1,75006/240.65 mi-1
£1,90007/240.65 mi-1
£1,67506/240.65 mi-1
£1,75006/240.65 mi-1
£2,00008/240.65 mi-1
£2,00009/240.65 mi-1
£2,00001/250.65 mi-1
£1,67501/250.65 mi-1
£1,90002/250.65 mi-1
£1,75001/250.65 mi-1
£1,75002/250.65 mi-1
£1,75001/250.65 mi-1
£2,00002/250.65 mi-1
£1,00007/230.83 mi-3
£1,10009/240.83 mi-3
£67510/240.93 miTroutbeck Road, Redcar, North Yorkshire, TS102
£55010/240.94 mi-2
£95010/241.02 miPrimrose Road, Redcar, North Yorkshire, TS103
£90010/241.05 mi-3
£65010/241.09 miRipon Road, Redcar, North Yorkshire, TS102
£85010/241.15 miBeverley Road, Redcar3
£72510/241.31 mi-3
£7,44010/241.31 mi-5
£65002/251.32 mi-3
£80010/241.34 miLumley Road, Redcar, North Yorkshire, TS103
£1,00005/241.35 mi-4
£85010/241.35 mi-3
£59512/241.36 mi-2
£59512/241.36 mi-2
£57510/241.37 miKilbridge Close, New Marske2
£55010/241.41 mi-2
£50003/251.41 mi-2
£65012/241.43 mi-3
£2,10010/241.44 mi-3
£2,30002/251.44 mi-3
£2,30001/251.44 mi-3
£2,10010/241.44 mi-3
£3,10011/241.44 mi-3

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

0.99 miles away

Nearest school

0.50 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+100%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Price changed to £190,000

February 16, 2025

Price changed to £200,000

December 4, 2024

Listed for £220,000

November 17, 2023

Description

  • A TRULY DECEPTIVELY SPACIOUS, EXTENDED, DETACHED BUNGALOW +
  • OFFERING VERSATILITY DUE TO THE NUMBER OF SEPARATE ROOMS AVAILABLE +
  • DETACHED AND SET ON A DESIRABLE PLOT WITH EXCELLENT INDOOR & OUTDOOR SPACE +
  • IN NEED OF SOME UPGRADING AND MODERNISING TO BE A SPECTACULAR PROPERTY +
  • DETACHED GARAGE, LARGE GREENHOUSE AND ENCLOSED AND SECURE REAR GARDENS +
  • MASTER BEDROOM WITH EN-SUITE SHOWER ROOM +
  • FULL LENGTH CONSERVATORY SPLIT INTO 2 SEPARATE AREAS FOR ADDITIONAL LIVING +
  • *** EARLY VIEWING STRONGLY ADVISED TO APPRECIATE ALL THIS PROPERTY HAS TO OFFER AS WE EXPECT INTEREST IN THIS PROPERTY TO BE HUGE*** +
  • NO ONWARD CHAIN +

All measurements are approximate.

GROUND FLOOR

Entrance Porch:
UPVC Double glazed door.

Entrance Hall:
UPVC Double glazed door to hall. Laminate flooring.

Lounge:
5.03m x 4.16m. Laminate flooring. Door to inner hall.

Dining Room/2nd Reception:
4.09m x 2.32m. Laminate flooring. Bay windows, 2 x plaster wall display areas, door leading to Conservatory/ Garden room.

Conservatory/ Garden room:
4.93m x 2.57m. UPVC Double glazed door, brick base, UPVC French door to rear garden.

Fitted Kitchen:
3.46m x 2.28m. Inset stainless steel sink unit with chrome mixer tap, natural wood effect units, marble effect laminate tops, brushed steel handles with a tiled surround. Integrated gas hob and electric double oven at eye level. Integrated wall mounted extractor hood. Laminate flooring. Integrated fridge, freezer and dishwasher.

Bedroom 1:
3.14m x 3.12m. Full wall fitted wardrobes, laminate flooring.
En-Suite:
2.59m x 1.58m. Fully laminate clad walls, electric shower with glass cubicle, white toilet and sink, vinyl flooring and extractor fan.

Bedroom 2:
3.99m x 2.56m (to doorway).Full wall fitted wardrobes , laminate flooring.

Bedroom 3:
3.94m x 2.35m. Sliding patio doors to conservatory/ garden room.

Bedroom 4/ Garden Room:
4.02m x 2.58m. Overlooks rear garden. Vinyl laminate effect flooring.

Separate WC:
1.65m x 1.89m. Fully laminate clad walls. White suite, sink in vanity, tile effect floor, chrome heated towel rail and electric shower with glass screen.

EXTERNALLY

Front Garden:
Wrought iron railings, gravelled.

Rear Garden:
Low maintenance, gravelled, trees, shrubs, patio and greenhouse.

Resin Drive:
Providing off street parking for up to 2 cars.

Detached Garage:
Power and light.

AGENTS NOTES

Tenure: Freehold

Viewing:
By prior appointment with the Redcar office.
Telephone .

____________________________________________________________________________
Parker Stag and for the vendors or lessors of this property, whose agents they are, give
notice that:
the mention of any appliances and/or services within the sale particulars does not imply
they are in full and efficient working order.

the particulars are set out as a general outline only for the guidance of intended purchasers
or lessees, and do not constitute, nor constitute part of, an offer or contract.

all descriptions, dimensions, references to condition and necessary permissions for use
and occupation, and other details are given without responsibility and any intending
purchasers or lessees should not rely on them as statements or representation of fact but
must satisfy themselves by inspection or otherwise as to the correctness of them.

no person in the employment of Parker Stag has any authority to make or give any
representation or warranty whatever in relation to this property.

Agent Details

Parker Stag Ltd, Redcar

01642 056286

Next Steps?

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