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3 Bed Semi-Detached House, Refurb/BRRR, Redcar, TS10 3QJ, £100,000

Durham Road, Redcar, TS10 3QJ - 58 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£92.5K - £225K
Sold Prices/m²£1.2K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£101,000

 

 

End Value (After Refurb)

£162,289

Uplift in Value

+62%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£35,687

Bridging Loan Interest

£2,625

Total Cash In

£69,262

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£162,289

Agent Fees (1%)

£1,623

Bridging Loan

£75,000

Bridging Loan Interest

£2,625

Flip Profit

£16,404

Local Sold Prices

53 sold prices from £92.5K to £225K, average is £150K. £1.2K/m² to £4.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£136.5K02/210.02 mi21, Ripon Road, Redcar, Redcar And Cleveland TS10 3QH3
£145K04/230.02 mi5, Ripon Road, Redcar, Redcar And Cleveland TS10 3QH3
£92.5K10/230.02 mi39, Ripon Road, Redcar, Redcar And Cleveland TS10 3QH3
£145K06/230.04 mi34, Ripon Road, Redcar, Redcar And Cleveland TS10 3QQ3
£149K10/230.04 mi48, Ripon Road, Redcar, Redcar And Cleveland TS10 3QQ3
£147K10/230.04 mi6, Ripon Road, Redcar, Redcar And Cleveland TS10 3QQ3
£167K05/230.05 mi35, Whitby Crescent, Redcar, Redcar And Cleveland TS10 3QN3
£185K07/230.05 mi23, Whitby Crescent, Redcar, Redcar And Cleveland TS10 3QN3
£135K03/230.07 mi81, Canterbury Road, Redcar, Redcar And Cleveland TS10 3QG3
£135K05/240.07 mi45, Canterbury Road, Redcar, Redcar And Cleveland TS10 3QG3
£125K05/210.07 mi4, Winchester Road, Redcar, Redcar And Cleveland TS10 3QL3
£117.5K10/210.07 mi6, Winchester Road, Redcar, Redcar And Cleveland TS10 3QL3
£155K04/210.07 mi36, Chester Road, Redcar, Redcar And Cleveland TS10 3PX3
£172K04/230.07 mi8, Chester Road, Redcar, Redcar And Cleveland TS10 3PX3
£165K03/210.1 mi5, Ely Crescent, Redcar, Redcar And Cleveland TS10 3PT3
£185K08/230.1 mi5, Beverley Road, Redcar, Redcar And Cleveland TS10 3RH3
£190K08/230.11 mi80, Oak Road, Redcar, Redcar And Cleveland TS10 3PS3
£185K06/210.11 mi62, Beverley Road, Redcar, Redcar And Cleveland TS10 3RZ3
£161K09/230.11 mi43, Beverley Road, Redcar, Redcar And Cleveland TS10 3RZ3
£161K09/230.11 mi43, Beverley Road, Redcar, Redcar And Cleveland TS10 3RZ3
£163K11/200.12 mi112, Oak Road, Redcar, Redcar And Cleveland TS10 3RG3
£189.9K12/200.12 mi111, Oak Road, Redcar, Redcar And Cleveland TS10 3RG3
£213K02/210.14 mi45, Coast Road, Redcar, Redcar And Cleveland TS10 3PP3
£150K03/230.14 mi45, Coast Road, Redcar, Redcar And Cleveland TS10 3PP3
£115K03/210.14 mi163, Laburnum Road, Redcar, Redcar And Cleveland TS10 3QS3
£176K04/240.14 mi40, Canterbury Road, Redcar, Redcar And Cleveland TS10 3QE3
£157K06/210.14 mi42, Chester Road, Redcar, Redcar And Cleveland TS10 3QA3
£150K06/230.15 mi81, Oak Road, Redcar, Redcar And Cleveland TS10 3NP3
£105K12/220.16 mi68, Lincoln Road, Redcar, Redcar And Cleveland TS10 3RP3
£140K03/230.16 mi35, Lincoln Road, Redcar, Redcar And Cleveland TS10 3RP3
£150K06/230.16 mi84, Lincoln Road, Redcar, Redcar And Cleveland TS10 3RP3
£150K07/210.19 mi22, Laurel Road, Redcar, Redcar And Cleveland TS10 3PW3
£134K09/230.2 mi14, Lincoln Road, Redcar, Redcar And Cleveland TS10 3RR3
£115K11/230.2 mi22, Lincoln Road, Redcar, Redcar And Cleveland TS10 3RR3
£115K11/230.2 mi22, Lincoln Road, Redcar, Redcar And Cleveland TS10 3RR3
£131K07/210.23 mi7, Walworth Close, Redcar, Redcar And Cleveland TS10 2NA3
£120K01/210.23 mi264, Laburnum Road, Redcar, Redcar And Cleveland TS10 3PL3
£127K05/210.23 mi252, Laburnum Road, Redcar, Redcar And Cleveland TS10 3PL3
£132.5K06/210.23 mi131, Laburnum Road, Redcar, Redcar And Cleveland TS10 3PL3
£207.5K02/240.24 mi10, Kilton Close, Redcar, Redcar And Cleveland TS10 2NH3
£225K12/230.26 mi46, Kenilworth Way, Redcar, Redcar And Cleveland TS10 2LS3
£144K08/210.26 mi6, Hampton Grove, Redcar, Redcar And Cleveland TS10 3PH3
£175K11/230.26 mi24, Hampton Grove, Redcar, Redcar And Cleveland TS10 3PH3
£215K10/230.26 mi52, Oak Road, Redcar, Redcar And Cleveland TS10 3NS3
£190K08/210.26 mi52, Oak Road, Redcar, Redcar And Cleveland TS10 3NS3
£169K06/230.29 mi15, Walnut Grove, Redcar, Redcar And Cleveland TS10 3PG3
£180K03/210.32 mi14, Ludlow Crescent, Redcar, Redcar And Cleveland TS10 2LQ3
£205K11/230.32 mi8, Ludlow Crescent, Redcar, Redcar And Cleveland TS10 2LQ3
£152K03/240.33 mi210, Laburnum Road, Redcar, Redcar And Cleveland TS10 3PF3
£138K12/200.33 mi35, Warwick Road, Redcar, Redcar And Cleveland TS10 2HB3
£150K09/230.33 mi35, Warwick Road, Redcar, Redcar And Cleveland TS10 2HB3
£150K09/230.33 mi35, Warwick Road, Redcar, Redcar And Cleveland TS10 2HB3
£137K06/210.35 mi36, Oak Road, Redcar, Redcar And Cleveland TS10 3NT3

Local Rents

24 rents from £650/mo to £3.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£85010/240.11 miBeverley Road, Redcar3
£90010/240.11 mi-3
£1,00004/230.82 mi-3
£89512/240.85 mi-3
£80010/240.88 miLumley Road, Redcar, North Yorkshire, TS103
£2,10010/241.01 mi-3
£2,30002/251.01 mi-3
£2,30001/251.01 mi-3
£69510/241.03 miSoppett Street, Redcar, North Yorkshire, TS103
£2,10010/241.03 mi-3
£2,30001/251.03 mi-3
£3,10011/241.03 mi-3
£2,25001/251.03 mi-3
£2,30001/251.03 mi-3
£65010/241.08 mi-3
£65008/241.08 mi-3
£2,10010/241.08 mi-3
£2,30011/241.08 mi-3
£3,00012/241.08 mi-3
£2,30009/241.11 mi-3
£3,30010/241.11 mi-3
£2,30001/251.11 mi-3
£2,30001/251.11 mi-3
£78510/241.22 mi-3

Links

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

1.17 miles away

Nearest school

0.30 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+100%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £100,000

August 2, 2024

Floor Plans

Description

  • Three Bedroom Semi Detached Property +
  • Excellent Redcar East Location +
  • Requires Modernisation +
  • Packed with Period Features +
  • Family Owned from New +
  • Off Street Parking +
  • Westerly Facing Rear Garden +
  • No Chain Sale +

Located within the heart of Redcar East, this traditional bay fronted semi-detached home offers huge potential for development (subject to planning). Requiring modernisation however benefits from period features throughout. Brilliant for the beach, acclaimed schooling and transport links. Early viewing is advised.

Mains Utilities
Gas Central Heating
Mains Sewerage
No Known Flooding Risk
No Known Legal Obligations
Standard Broadband & Mobile Signal
No Known Rights of Way

Tenure - Freehold

Council Tax Band B

Agent Details

Michael Poole, Redcar

01642 937741

Next Steps?

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

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