2 Bed Flat, Single Let, Rotherham, S60 3NU, £110,000

Stag Lane, STAG, S60 3NU - 3 views - a year ago

Leasehold

BTL

ROI: 7%

~62 m²

+2 photos

ValuationUndervalued

Sold Prices	£60K - £220K
Sold Prices/m²	£779/m² - £3.2K/m²

Square Metres	~61.50 m²
Price/m²	£1.8K/m²
Value Estimate	£123,000£123,000
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£32,000£32,000

Cash Out
Rent Range	£594 - £2,000£594 - £2,000
Rent Estimate	£695
Running Costs/mo	£503£503
Cashflow/mo	£192£192
Cashflow/yr	£2,307£2,307
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

44 sold prices from £60K to £220K, average is £117.5K. £779/m² to £3.2K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£100K	11/22	0.44 mi	54, Lane End View, Rotherham, South Yorkshire S60 3HH	£2,083	48	2	Flat
£110K	01/23	0.5 mi	21, Garden Close, Rotherham, South Yorkshire S60 3HL	£1,855	59	2	Flat
£110K	12/22	0.5 mi	10, Garden Close, Rotherham, South Yorkshire S60 3HL	£2,000	55	2	Flat
£120K	03/23	0.5 mi	18, Garden Close, Rotherham, South Yorkshire S60 3HL	£2,182	55	2	Flat
£95K	03/21	0.5 mi	18, Garden Close, Rotherham, South Yorkshire S60 3HL	£1,727	55	2	Flat
£110K	12/22	0.5 mi	6, Garden Close, Rotherham, South Yorkshire S60 3HL	£2,000	55	2	Flat
£210K	02/21	0.51 mi	48, Cotswold Crescent, Whiston, Rotherham, South Yorkshire S60 4AX	£3,088	68	2	Flat
£75K	09/22	0.58 mi	7, Mile Oak Road, Rotherham, South Yorkshire S60 3AW	£1,172	64	2	Flat
£95K	12/21	0.59 mi	20, Broom Court, Rotherham, South Yorkshire S60 2SP	£1,583	60	2	Flat
£139K	04/21	0.71 mi	22, Moorgate View, Rotherham, South Yorkshire S60 2UG	£1,716	81	2	Flat
£80.5K	10/22	0.76 mi	4, Broom Chase, Rotherham, South Yorkshire S60 2SQ	-	-	2	Flat
£80K	11/21	0.76 mi	2, Broom Chase, Rotherham, South Yorkshire S60 2SQ	-	-	2	Flat
£75K	10/21	0.77 mi	28, Furnival Way, Whiston, Rotherham, South Yorkshire S60 4BQ	£1,271	59	2	Flat
£80K	06/23	0.77 mi	26, Furnival Way, Whiston, Rotherham, South Yorkshire S60 4BQ	-	-	2	Flat
£150K	07/21	0.91 mi	Flat 3, Grove House, Moorgate Grove, Rotherham, South Yorkshire S60 2TT	-	-	2	Flat
£140K	01/23	1.06 mi	5, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU	-	-	2	Flat
£130K	10/21	1.07 mi	2, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU	£2,000	65	2	Flat
£122K	07/23	1.07 mi	7, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU	-	-	2	Flat
£135K	07/23	1.07 mi	1, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU	£2,288	59	2	Flat
£80K	09/22	1.11 mi	5a, Welham Drive, Rotherham, South Yorkshire S60 2BN	£1,175	68	2	Flat
£75K	06/23	1.12 mi	63, Clifton Grove, Rotherham, South Yorkshire S65 2AZ	-	-	2	Flat
£62K	03/22	1.15 mi	81a, Cambridge Street, Rotherham, South Yorkshire S65 2SS	£1,186	52	2	Flat
£72.5K	04/23	1.38 mi	6, Bishopstoke Court, Rotherham, South Yorkshire S65 2BX	-	-	2	Flat
£220K	06/23	1.45 mi	13, Gorseland Court, Wickersley, Rotherham, South Yorkshire S66 1DW	£2,619	84	2	Flat
£148K	02/21	1.64 mi	16, Companions Close, Wickersley, Rotherham, South Yorkshire S66 1AU	£1,783	83	2	Flat
£150K	08/21	1.64 mi	9, Companions Close, Wickersley, Rotherham, South Yorkshire S66 1AU	£2,244	67	2	Flat
£139K	09/22	1.64 mi	3, Companions Close, Wickersley, Rotherham, South Yorkshire S66 1AU	-	-	2	Flat
£160K	12/22	1.67 mi	31, St Albans Court, Wickersley, Rotherham, South Yorkshire S66 1FG	£2,883	56	2	Flat
£160K	05/23	1.68 mi	15, St Albans Court, Wickersley, Rotherham, South Yorkshire S66 1FG	£3,127	51	2	Flat
£150K	10/22	1.68 mi	20, St Albans Court, Wickersley, Rotherham, South Yorkshire S66 1FG	£2,879	52	2	Flat
£115K	09/21	1.68 mi	16, St Albans Court, Wickersley, Rotherham, South Yorkshire S66 1FG	-	-	2	Flat
£145K	08/22	1.68 mi	7, St Albans Court, Wickersley, Rotherham, South Yorkshire S66 1FG	£2,843	51	2	Flat
£145K	09/22	1.68 mi	24, St Albans Court, Wickersley, Rotherham, South Yorkshire S66 1FG	-	-	2	Flat
£75K	03/22	1.69 mi	42, Lady Oak Way, Rotherham, South Yorkshire S65 3LA	£1,500	50	2	Flat
£65K	06/21	1.7 mi	44, Lady Oak Way, Rotherham, South Yorkshire S65 3LA	£1,275	51	2	Flat
£68.5K	12/22	1.7 mi	46, Lady Oak Way, Rotherham, South Yorkshire S65 3LA	-	-	2	Flat
£75K	07/22	1.72 mi	34, Lady Oak Way, Rotherham, South Yorkshire S65 3LA	£1,442	52	2	Flat
£215K	07/23	1.77 mi	5, Grange Mews, Wickersley, Rotherham, South Yorkshire S66 1YA	-	-	2	Flat
£142K	03/22	1.79 mi	38, Pinchfield Lane, Wickersley, Rotherham, South Yorkshire S66 1FD	£3,149	45	2	Flat
£200K	07/23	1.79 mi	46, Pinchfield Lane, Wickersley, Rotherham, South Yorkshire S66 1FD	£3,226	62	2	Flat
£60K	04/21	1.9 mi	131, Markfield Drive, Flanderwell, Rotherham, South Yorkshire S66 2JE	£779	77	2	Flat
£66K	10/22	1.91 mi	189, Markfield Drive, Flanderwell, Rotherham, South Yorkshire S66 2JE	£835	79	2	Flat
£187K	08/21	1.91 mi	18, Moss Close, Wickersley, Rotherham, South Yorkshire S66 1ET	-	-	2	Flat
£195K	01/23	1.91 mi	24, Moss Close, Wickersley, Rotherham, South Yorkshire S66 1ET	-	-	2	Flat

Local Rents

12 rents from £594/mo to £2K/mo, average is £838/mo.

Rent	Date	Distance	Address	Beds	Type
£875	08/24	0.24 mi	Woodlands, Broom, Rotherham	2	Flat
£695	08/24	0.4 mi	Lane End View, Moorgate, Rotherham	2	Flat
£990	04/25	0.41 mi	-	2	Semi-Detached House
£750	02/25	0.43 mi	-	2	Flat
£594	07/24	0.44 mi	-	2	Terraced House
£850	08/24	0.46 mi	Chaucer Road, Herringthorpe, S65 2JZ	2	Semi-Detached House
£1,200	08/24	0.47 mi	Garden Walk, Spinneyfield, S60 3HY	2	Bungalow
£825	08/24	0.49 mi	Swifte Road, Broom, S60 3EX	2	Semi-Detached House
£800	08/24	0.5 mi	Garden Close, Moorgate, Rotherham	2	Flat
£2,000	08/24	0.55 mi	Sitwell House, Coach House Lane, Moorgate, Rotherham	2	Flat
£1,300	08/24	0.56 mi	Horse Carriage Lane, Moorgate, Rotherham	2	Flat
£695	08/24	0.57 mi	Hunger Hill Road, Whiston, Rotherham, ROTHERHAM, S60 4BB	2	Flat

Local Area Statistics

Population in S60	37,97937,979
Population in Rotherham	212,593212,593
Town centre distance	1.95 miles away1.95 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.80 miles away1.80 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £110,000

April 9, 2024

Floor Plans

Description

Tastefully Appointed Two Bedroom Second Floor Apartment WITH A VIEW! +
Secure Intercom Entry, Communal Gardens +
Lounge with Twin Aspect Windows +
Attractive Breakfasting Kitchen with built-in Cooking Appliances +
Modern Bathroom Suite in White with over bath Shower, Store Room +
Gas Fired Central Heating and Double Glazed Windows +

Guide Price £110,000 to £115,000 - This spacious second floor two bedroom apartment is situated within a pleasant development off Stag Lane which is close to bus routes, restaurants, pubs and shops and includes unallocated off road parking with the potential to rent a garage. In brief property comprises; Secure Telecom Entry; Entrance Hall * Private Inner Entry Hall * Lounge with twin aspect windows and a view * Breakfasting Kitchen * Two Bedrooms* Modern Bathroom in White with over bath Shower * Two Storage Cupboards * Well Maintained Communal Lawn Gardens. VIEWING ADVISED. Tenure: Leasehold, EPC C.

Agent Details

Bartons, Rotherham

01709 212408

Next Steps?

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