2 Bed Flat, Single Let, Rotherham, S61 4AE, £60,000

Robinets Road, Wingfield, S61 4AE - 8 months ago

Sold STC

Leasehold

BTL

ROI: 22%

~61 m²

+7 photos

ValuationUndervalued

Sold Prices	£42K - £102K
Sold Prices/m²	£800/m² - £1.8K/m²

Square Metres	~60.50 m²
Price/m²	£992/m²
Value Estimate	£67,833£67,833
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£19,200£19,200

Cash Out
Rent Range	£550 - £925£550 - £925
Rent Estimate	£700
Running Costs/mo	£348£348
Cashflow/mo	£353£353
Cashflow/yr	£4,230£4,230
ROI	22%22%
Gross Yield	14%14%

Local Sold Prices

32 sold prices from £42K to £102K, average is £72.3K. £800/m² to £1.8K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£80K	01/23	0.39 mi	5, Town Lane, Rotherham, South Yorkshire S61 4JG	£1,113	72	2	Flat
£72.5K	02/22	0.4 mi	238, Wingfield Road, Rotherham, South Yorkshire S61 4AZ	£1,189	61	2	Flat
£85K	02/22	0.4 mi	69, Grayson Road, Rotherham, South Yorkshire S61 4HG	£1,269	67	2	Flat
£79K	01/21	0.4 mi	9, Town Lane, Rotherham, South Yorkshire S61 4JG	£1,234	64	2	Flat
£79K	01/21	0.4 mi	9, Town Lane, Rotherham, South Yorkshire S61 4JG	£1,234	64	2	Flat
£64K	04/21	0.41 mi	147, Church Street, Greasbrough, Rotherham, South Yorkshire S61 4DR	£955	67	2	Flat
£60K	02/22	0.42 mi	46, Ash View, Rotherham, South Yorkshire S61 4NL	£800	75	2	Flat
£60K	11/22	0.46 mi	53, Town Lane, Rotherham, South Yorkshire S61 4JQ	£952	63	2	Flat
£70K	01/23	0.49 mi	93, Town Lane, Rotherham, South Yorkshire S61 4JQ	-	-	2	Flat
£74K	11/21	0.53 mi	125, Town Lane, Rotherham, South Yorkshire S61 4JH	£1,121	66	2	Flat
£55K	11/20	0.71 mi	46, Birks Road, Rotherham, South Yorkshire S61 3JY	£833	66	2	Flat
£55K	02/23	0.76 mi	31, Binders Road, Rotherham, South Yorkshire S61 3LP	£873	63	2	Flat
£70K	07/21	0.77 mi	16, Remount Road, Rotherham, South Yorkshire S61 3AE	£1,111	63	2	Flat
£87K	08/22	0.97 mi	53, Leatham Avenue, Rotherham, South Yorkshire S61 1AD	£1,250	70	2	Flat
£65K	03/23	0.98 mi	10, Copley Place, Rotherham, South Yorkshire S61 1TJ	-	-	2	Flat
£68K	03/22	0.98 mi	39, Redscope Crescent, Rotherham, South Yorkshire S61 3LY	£1,030	66	2	Flat
£56K	03/21	0.99 mi	33, Redscope Crescent, Rotherham, South Yorkshire S61 3LY	£903	62	2	Flat
£42K	07/22	0.99 mi	82, Leatham Avenue, Rotherham, South Yorkshire S61 1AD	-	-	2	Flat
£72K	09/22	1.17 mi	27, Bray Walk, Rotherham, South Yorkshire S61 3BL	£1,200	60	2	Flat
£72K	12/22	1.19 mi	7, Monks Close, Rotherham, South Yorkshire S61 3BN	£1,011	71	2	Flat
£91K	06/21	1.38 mi	7, Wentworth Place, Scholes, Rotherham, South Yorkshire S61 2QX	-	-	2	Flat
£102K	03/21	1.5 mi	23, Elderberry Close, Scholes, Rotherham, South Yorkshire S61 2NZ	£1,821	56	2	Flat
£102K	03/21	1.5 mi	23, Elderberry Close, Scholes, Rotherham, South Yorkshire S61 2NZ	£1,821	56	2	Flat
£89K	11/20	1.69 mi	Apartment 38, Trafford Apartments, Richmond Way, Rotherham, South Yorkshire S61 2LJ	-	-	2	Flat
£100K	03/22	1.7 mi	14, Durham Way, Parkgate, Rotherham, South Yorkshire S62 6FL	£1,538	65	2	Flat
£90K	05/21	1.7 mi	24, Durham Way, Parkgate, Rotherham, South Yorkshire S62 6FL	£1,425	63	2	Flat
£90K	05/21	1.7 mi	24, Durham Way, Parkgate, Rotherham, South Yorkshire S62 6FL	£1,425	63	2	Flat
£65K	04/23	1.74 mi	1, Sopewell Road, Rotherham, South Yorkshire S61 2JJ	£1,033	63	2	Flat
£58K	05/21	1.87 mi	18a, Lister Avenue, Rawmarsh, Rotherham, South Yorkshire S62 7HZ	£892	65	2	Flat
£67K	07/21	1.89 mi	21, Lister Avenue, Rawmarsh, Rotherham, South Yorkshire S62 7HY	£1,117	60	2	Flat
£85K	02/23	1.89 mi	17a, Lister Avenue, Rawmarsh, Rotherham, South Yorkshire S62 7HY	£1,392	61	2	Flat
£79K	01/22	1.9 mi	21a, Lister Avenue, Rawmarsh, Rotherham, South Yorkshire S62 7HY	£1,153	69	2	Flat

Local Rents

15 rents from £550/mo to £925/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£650	06/24	0.11 mi	-	2	Flat
£695	04/25	0.26 mi	-	2	Flat
£695	10/24	0.47 mi	-	2	Flat
£550	10/24	0.51 mi	-	2	Flat
£750	08/24	0.59 mi	Scrooby Street, Greasbrough, S61 4PH	2	Terraced House
£900	08/24	0.79 mi	Fenton Fields, Rotherham, S61	2	Bungalow
£925	08/24	0.94 mi	Becket Crescent, ROTHERHAM	2	Detached House
£850	08/24	0.99 mi	Leatham Avenue, ROTHERHAM	2	Flat
£775	09/24	0.99 mi	Leatham Avenue, Rotherham, S61 1AD	2	Flat
£775	09/24	0.99 mi	Leatham Avenue, ROTHERHAM	2	House
£850	09/24	1 mi	-	2	Semi-Detached House
£825	09/24	1.02 mi	-	2	Semi-Detached House
£625	11/24	1.04 mi	-	2	Flat
£625	09/24	1.04 mi	Beevers Road, Rotherham, S61	2	Flat
£600	08/24	1.06 mi	Dovercourt Road, Rotherham	2	Terraced House

Local Area Statistics

Population in S61	35,86635,866
Population in Rotherham	212,593212,593
Town centre distance	3.69 miles away3.69 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.50 miles away1.50 miles away

Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £60,000

August 2, 2024

Floor Plans

Description

Ground Floor Flat - Quiet Position +
Two Double Bedrooms, Modern Shower Room +
Kitchen Diner & Lounge + Loft Storage Space +
Rear Low Maintenance Garden +
Fantastic Buy To Let - Expected Rental of £700pcm +
Walking Distance to Shops, Schools & Transport Links +
Ample On Street Parking +
Leasehold / Council Tax Band A +

This GROUND FLOOR Flat is offered for sale with No Onward Chain, has ample on-street parking and is walking distance to shops, schools and transport links. In brief the property comprises; Entrance Hall * Lounge * Kitchen Diner * Two Double Bedrooms * Modern Shower Room * Rear Shared Courtyard.

Agent Details

Bartons, Rotherham

01709 212408

Next Steps?

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

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ValuationUndervalued

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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