2 Bed Flat, Potential PLO/LOA, Stockton-on-Tees, TS18 3AN, £65,000

12 Brusselton Court, Stockton-on-tees, Stockton-on-tees, TS18 3AN - 28 views - 8 months ago

Leasehold
Negative Equity
ROI: 12%
57 m²
+2 photos

ValuationOvervalued

Sold Prices£39K - £185K
Sold Prices/m²£736/m² - £2.3K/m²

 

 

Square Metres

57 m²
Price/m²£1.1K/m²

Value Estimate

£62,092

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£475 - £750

Rent Estimate

£525

Running Costs/mo

£328

Cashflow/mo

£197

Cashflow/yr

£2,363

ROI

12%

Gross Yield

10%

Local Sold Prices

45 sold prices from £39K to £185K, average is £68K. £736/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£61K06/230 mi33, Brusselton Court, Stockton-on-tees TS18 3AN2
£59.5K03/240 mi47, Brusselton Court, Stockton-on-tees TS18 3AN2
£53.5K07/230 mi32, Brusselton Court, Stockton-on-tees TS18 3AN2
£68K03/220.04 mi55, Witton Park, Stockton-on-tees TS18 3BH2
£69K06/220.06 mi93, Witton Park, Stockton-on-tees TS18 3BH2
£60K05/230.06 mi99, Witton Park, Stockton-on-tees TS18 3BH2
£82K09/220.36 mi81c, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PL2
£85K11/220.36 mi63c, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PL2
£91K05/230.36 mi23, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PL2
£60K02/210.36 mi113, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PL2
£85K10/220.4 mi126, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR2
£80K08/220.4 mi116, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR2
£75K10/220.4 mi78, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR2
£75K03/230.4 mi70, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR2
£74K09/230.46 mi17, Densham Drive, Stockton-on-tees TS18 3NN2
£180K05/210.64 mi42, Linden Avenue, Stockton-on-tees TS18 4EG2
£185K07/210.71 mi4, Willowdene Avenue, Stockton-on-tees TS18 4EL2
£105K10/220.77 mi23, Sculptor Crescent, Stockton-on-tees TS18 3QR2
£62.5K06/230.79 mi20, Gilpin Road, Thornaby, Stockton-on-tees TS17 8PF2
£57K12/201.05 mi21, Willow Sage Court, Stockton-on-tees TS18 3UQ2
£53K04/211.05 mi29, Willow Sage Court, Stockton-on-tees TS18 3UQ2
£61.3K03/231.05 mi25, Willow Sage Court, Stockton-on-tees TS18 3UQ2
£74K06/231.05 mi31, Willow Sage Court, Stockton-on-tees TS18 3UQ2
£79.5K12/221.06 mi33, Willow Sage Court, Stockton-on-tees TS18 3UQ2
£55K10/231.12 mi17, Avon Close, Thornaby, Stockton-on-tees TS17 8JE2
£98.8K08/211.18 mi5, Hartburn Mews, Stockton-on-tees TS18 5HZ2
£110K05/221.45 mi30, Fullerton Way, Thornaby, Stockton-on-tees TS17 0AU2
£178K09/211.71 mi12, Barrington Avenue, Stockton-on-tees TS19 0UE2
£155K09/211.78 mi3, Kinloss Walk, Thornaby, Stockton-on-tees TS17 9QW2
£51.1K06/221.82 miFlat 6, The Larches, Foxwood Drive, Stockton-on-tees TS19 0XU2
£147.5K02/211.82 mi5, Fearby Road, Stockton-on-tees TS18 5NU2
£63K02/231.85 miFlat 19, The Larches, Foxwood Drive, Stockton-on-tees TS19 0XU2
£63K10/211.85 miFlat 25, The Larches, Foxwood Drive, Stockton-on-tees TS19 0XU2
£72.5K01/231.87 mi21, Melksham Square, Stockton-on-tees TS19 0TL2
£68K08/211.88 mi11, Midfield View, Stockton-on-tees TS19 0TG2
£80.5K05/211.88 mi22, Norton Avenue, Stockton-on-tees TS20 2JH2
£61.5K12/211.9 mi21, Hesledon Close, Stockton-on-tees TS19 8AW2
£63.5K07/221.93 mi30, Bramcote Way, Thornaby, Stockton-on-tees TS17 0LS2
£55K12/201.94 mi25, Carmel Gardens, Stockton-on-tees TS20 2TD2
£39K02/211.94 mi18, Carmel Gardens, Stockton-on-tees TS20 2TD2
£58K04/231.94 mi36, Carmel Gardens, Stockton-on-tees TS20 2TD2
£39K02/211.94 mi18, Carmel Gardens, Stockton-on-tees TS20 2TD2
£48K01/241.94 mi3, Carmel Gardens, Stockton-on-tees TS20 2TD2
£58K07/221.95 mi8, Carmel Gardens, Stockton-on-tees TS20 2TD2
£55K09/231.96 mi20, St Francis Close, Middlesbrough TS5 4GY2

Local Rents

48 rents from £475/mo to £750/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£55010/240 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£57510/240 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£52510/240 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£55010/240 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£50010/240.08 miWitton Park, Stockton-On-Tees, Durham, TS182
£49510/240.19 mi-2
£49010/240.23 mi-2
£56011/230.26 mi-2
£58511/240.26 mi-2
£47510/240.27 mi-2
£69912/240.28 mi-2
£55010/240.29 miArlington StreetStockton-On-TeesTS18 3LD 2
£68504/250.3 mi-2
£47510/240.32 miWinston Street, Stockton-On-Tees, TS18 3LF2
£55010/240.33 miYarm Road, Stockton-On-Tees, TS18 3NW2
£65010/240.35 miSun Gardens, Thornaby2
£65011/240.36 mi-2
£65011/240.36 mi-2
£67510/240.36 miSun Gardens, Thornaby2
£68010/240.43 miSorbonne Close, TS172
£70010/240.43 miSorbonne Close, TS172
£55012/240.45 mi-2
£65010/240.48 miPark Terrace, Thornaby, STOCKTON-ON-TEES2
£50010/240.49 miMarlborough Road, Stockton-On-Tees, TS182
£50010/240.49 mi-2
£65004/250.5 mi-2
£57510/240.53 miDovecot Street, Stockton-On-Tees, Durham, TS182
£60510/240.53 mi-2
£52510/240.53 miSt. Bernard Road, Stockton-On-Tees2
£60002/250.53 mi-2
£60010/240.54 mi-2
£60011/240.54 mi-2
£60011/240.54 mi-2
£57511/240.56 mi-2
£57511/240.56 mi-2
£47911/240.57 mi-2
£47911/240.57 mi-2
£47911/240.57 mi-2
£55002/240.58 mi-2
£52511/230.59 mi-2
£48710/240.6 mi-2
£74507/240.6 mi-2
£59510/240.6 miWindsor Road, Stockton-On-Tees2
£55004/250.61 mi-2
£60010/240.61 mi50 Norfolk Street, Stockton-On-Tees, Durham, TS182
£57503/250.61 mi-2
£75003/250.62 mi-2
£50010/240.62 miHavelock Street, Thornaby on Tees, TS17 6HN2

Local Area Statistics

Population in TS18

24,161

Population in Stockton-on-Tees

149,709

Town centre distance

1.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental growth (12m)

-11%

Sales demand

Seller's market

Capital growth (5yrs)

+5%

Property History

Listed for £65,000

-76%

August 27, 2024

Sold for £205,357

2007

Floor Plans

Description

  • Ground Rent: £250 per annum +
  • Service Charge: £1329.70 per annum +

This property listing describes a two-bedroom ground-floor apartment in Victoria Park, Stockton On Tees. Here are the key highlights:

Property Features:

Investment Opportunity: The property is being sold with a tenant in place, currently paying £525 per month, making it an immediate income-generating investment.

Modern Amenities: The apartment includes double-glazed windows and doors, gas central heating (GCH), and an intercom system for added security.

Allocated Parking: Dedicated parking space for residents.

Juliette Balcony: The lounge features French doors opening to a Juliette balcony.

Built in 2008: A relatively modern build, contributing to the property's overall good condition.

*

Accommodation Layout:

Entrance Hallway: Features an intercom system, radiator, fuse box, and a storage cupboard.

Family Bathroom: Equipped with a 3-piece white suite, chrome fittings, spotlights, and an extractor fan.

Lounge: Contains two radiators and French doors leading to the Juliette balcony.

Kitchen: Fitted with modern appliances, including a gas hob, oven, extractor hood, and a combi boiler. It also has a double-glazed window, a range of wall and base units, worktops, and a sink with a mixer tap.

Bedroom 1: Includes a radiator and a double-glazed door.

Bedroom 2: Comes with a radiator and a double-glazed window overlooking the rear communal grassed area/walkway.

*

Location:
The apartment is conveniently located within close proximity to the regenerated Stockton High Street and Town Centre, offering easy access to local amenities and transport links.

Viewing:
Viewings are highly recommended and can be arranged through Kings.

This property is an ideal investment opportunity, offering modern living in a desirable location with a reliable rental income already in place.

Agent Details

Kings Sales & Letting Agents, Yarm

01642 049237

Next Steps?

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