2 Bed Terraced House, Single Let, Redcar, TS10 1AQ, £106,000

Station Road, Redcar, North Yorkshire, TS10 1AQ - 1 views - 8 months ago

Leasehold
BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£57K - £156K
Sold Prices/m²£818/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£75,841

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,500

Stamp Duty & Legal Fees

£6,500

Total Cash In

£33,000

 

 

Cash Out

 

Rent Range

£450 - £2,900

Rent Estimate

£450

Running Costs/mo

£441

Cashflow/mo

£9

Cashflow/yr

£105

ROI

0%

Gross Yield

5%

Local Sold Prices

52 sold prices from £57K to £156K, average is £85K. £818/m² to £2.5K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£65K11/230.07 mi5, Newcomen Court, Redcar, Redcar And Cleveland TS10 1AW2
£65K11/230.07 mi5, Newcomen Court, Redcar, Redcar And Cleveland TS10 1AW2
£57K05/210.09 mi22a, Queen Street, Redcar, Redcar And Cleveland TS10 1AE2
£116K07/230.27 mi137, Queen Street, Redcar, Redcar And Cleveland TS10 1BT2
£77K08/230.33 mi18, Holder Street, Redcar, Redcar And Cleveland TS10 2AB2
£85K12/220.34 mi20, France Street, Redcar, Redcar And Cleveland TS10 3HH2
£65K06/230.34 mi31, France Street, Redcar, Redcar And Cleveland TS10 3HJ2
£82.5K07/210.35 mi21, Hanson Street, Redcar, Redcar And Cleveland TS10 2AQ2
£86K04/230.35 mi21, Hanson Street, Redcar, Redcar And Cleveland TS10 2AQ2
£90K05/210.36 mi8, High Street West, Redcar, Redcar And Cleveland TS10 1SG2
£115K10/210.36 mi56, High Street West, Redcar, Redcar And Cleveland TS10 1SG2
£80.5K03/230.39 mi16, Hanson Street, Redcar, Redcar And Cleveland TS10 2AH2
£68K07/210.39 mi33, Soppett Street, Redcar, Redcar And Cleveland TS10 2AJ2
£86K12/220.39 mi21, Soppett Street, Redcar, Redcar And Cleveland TS10 2AJ2
£75.5K07/230.39 mi7, Soppett Street, Redcar, Redcar And Cleveland TS10 2AJ2
£63K05/210.4 mi47, Charlotte Street, Redcar, Redcar And Cleveland TS10 3HU2
£75K08/210.4 mi13, Charlotte Street, Redcar, Redcar And Cleveland TS10 3HU2
£156K03/230.43 mi16, The Avenue, Redcar, Redcar And Cleveland TS10 2AP2
£63K07/210.46 mi21, Muriel Street, Redcar, Redcar And Cleveland TS10 3JD2
£71K05/230.46 mi31, Muriel Street, Redcar, Redcar And Cleveland TS10 3JD2
£77K06/230.46 mi65, Muriel Street, Redcar, Redcar And Cleveland TS10 3JD2
£85K11/230.48 mi17, Thrush Road, Redcar, Redcar And Cleveland TS10 2AU2
£80K01/210.5 mi3, George Street, Redcar, Redcar And Cleveland TS10 2BN2
£73K01/210.5 mi35, Lawrence Street, Redcar, Redcar And Cleveland TS10 2BL2
£95K12/220.5 mi22, Lawrence Street, Redcar, Redcar And Cleveland TS10 2BL2
£92K11/230.5 mi11, Lawrence Street, Redcar, Redcar And Cleveland TS10 2BL2
£113.5K07/210.52 mi130, High Street West, Redcar, Redcar And Cleveland TS10 1SD2
£120K07/230.52 mi136, High Street West, Redcar, Redcar And Cleveland TS10 1SD2
£134.9K09/230.52 mi78, High Street West, Redcar, Redcar And Cleveland TS10 1SD2
£88K12/230.52 mi100, High Street West, Redcar, Redcar And Cleveland TS10 1SD2
£70K11/200.52 mi21, Southampton Street, Redcar, Redcar And Cleveland TS10 2BJ2
£81.5K02/230.54 mi18, Fitzwilliam Street, Redcar, Redcar And Cleveland TS10 2BH2
£89.4K01/210.56 mi25, Yeoman Street, Redcar, Redcar And Cleveland TS10 2BQ2
£68.5K04/210.56 mi8, Yeoman Street, Redcar, Redcar And Cleveland TS10 2BQ2
£68.5K04/210.56 mi8, Yeoman Street, Redcar, Redcar And Cleveland TS10 2BQ2
£68K05/210.56 mi4, Yeoman Street, Redcar, Redcar And Cleveland TS10 2BQ2
£80K05/210.56 mi26, Yeoman Street, Redcar, Redcar And Cleveland TS10 2BQ2
£72K07/230.56 mi5, Yeoman Street, Redcar, Redcar And Cleveland TS10 2BQ2
£143K11/230.57 mi3, Briar Grove, Redcar, Redcar And Cleveland TS10 1HR2
£143K11/230.57 mi3, Briar Grove, Redcar, Redcar And Cleveland TS10 1HR2
£105.5K07/230.61 mi15, Maple Square, Redcar, Redcar And Cleveland TS10 3LE2
£85K11/230.61 mi16, South Terrace, Redcar, Redcar And Cleveland TS10 3BJ2
£75K11/200.63 mi160a, High Street West, Redcar, Redcar And Cleveland TS10 5BL2
£95K06/210.65 mi5, Elm Road, Redcar, Redcar And Cleveland TS10 3BH2
£79K08/210.66 mi172, Lord Street, Redcar, Redcar And Cleveland TS10 3BQ2
£115K07/230.67 mi4, St Josephs Court, Redcar, Redcar And Cleveland TS10 1SZ2
£105K06/230.7 mi93, Redcar Lane, Redcar, Redcar And Cleveland TS10 2DN2
£112.5K04/210.74 mi17, The Furlongs, Redcar, Redcar And Cleveland TS10 2EB2
£120K10/230.74 mi33, The Furlongs, Redcar, Redcar And Cleveland TS10 2EB2
£120K11/230.74 mi31, The Furlongs, Redcar, Redcar And Cleveland TS10 2EB2
£140K04/240.76 mi31, Cedar Grove, Redcar, Redcar And Cleveland TS10 3LU2
£100K01/210.78 mi58, Lime Road, Redcar, Redcar And Cleveland TS10 3NB2

Local Rents

35 rents from £450/mo to £2.9K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£55010/240.04 mi-2
£57502/250.04 mi-2
£75011/240.05 mi-2
£75002/250.05 mi-2
£50010/240.06 mi-2
£50010/240.06 mi-2
£75011/240.08 mi-2
£75001/250.08 mi-2
£57510/240.08 miRegency Mews,Redcar,TS102
£45005/230.09 mi-2
£2,90012/240.09 mi-2
£2,00011/240.11 mi-2
£2,30010/240.12 mi-2
£2,30001/250.12 mi-2
£49510/240.13 miDundas Street, Redcar2
£45001/250.14 mi-2
£45004/250.14 mi-2
£52510/240.14 mi-2
£58511/240.14 mi-2
£57012/240.18 mi-2
£60010/240.23 miLaburnum House, Coatham Road, Redcar2
£55010/240.24 miCoatham Road, Redcar2
£65010/240.31 miFrance Street, Redcar, TS102
£65502/250.34 mi-2
£2,00008/240.35 mi-2
£2,90011/240.35 mi-2
£65010/240.35 miCharles Street, Redcar, North Yorkshire, TS102
£60010/240.44 miBlenheim Terrace, Redcar, North Yorkshire, TS102
£2,00010/240.48 mi-2
£2,30010/240.48 mi-2
£2,30004/250.48 mi-2
£59512/240.54 mi-2
£59512/240.54 mi-2
£59504/250.54 mi-2
£55010/240.54 mi-2

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

0.92 miles away

Nearest school

0.40 miles away

Nearest train station

0.24 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 £106,000

March 28, 2025

Price changed to £108,000

March 20, 2025

Price changed to £110,000

March 12, 2025

Price changed to £115,000

February 28, 2025

Price changed to £105,000

January 31, 2025

Price changed to £107,000

January 19, 2025

Price changed to £109,000

January 8, 2025

Price changed to £111,000

January 1, 2025

Price changed to £113,000

December 18, 2024

Price changed to £115,000

December 11, 2024

Price changed to £105,000

December 4, 2024

Price changed to £107,000

October 17, 2024

Price changed to £109,000

October 10, 2024

Price changed to £111,000

October 7, 2024

Price changed to £115,000

September 19, 2024

Listed for £120,000

September 6, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • 2 Bedrooms +
  • Spacious Lounge +
  • Balcony +
  • Front Garden Area +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

This is a 2-bedroom terraced house in Redcar. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The well-kept home features 2 bedrooms, three-piece bathroom, spacious lounge, kitchen, balcony and front garden area.

Investment Details

It currently produces an annual gross income of £7,500 which could be increased by the new owner to a market rate of £9,000 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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