2 Bed Flat, Single Let, Rotherham, S60 1NU, £60,000

Market Street, Rotherham, S60 1NU - 4 views - 7 months ago

Leasehold
BTL
ROI: 17%
~68 m²

ValuationUndervalued

Sold Prices£42K - £150K
Sold Prices/m²£800/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£73,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£550 - £1,000

Rent Estimate

£572

Running Costs/mo

£322

Cashflow/mo

£250

Cashflow/yr

£3,001

ROI

17%

Gross Yield

11%

Local Sold Prices

36 sold prices from £42K to £150K, average is £83.8K. £800/m² to £2.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£80K09/220.6 mi5a, Welham Drive, Rotherham, South Yorkshire S60 2BN2
£130K10/210.66 mi2, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU2
£122K07/230.66 mi7, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU2
£135K07/230.66 mi1, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU2
£140K01/230.67 mi5, Rotherstoke Close, Rotherham, South Yorkshire S60 2JU2
£75K06/230.79 mi63, Clifton Grove, Rotherham, South Yorkshire S65 2AZ2
£150K07/210.8 miFlat 3, Grove House, Moorgate Grove, Rotherham, South Yorkshire S60 2TT2
£80.5K10/220.89 mi4, Broom Chase, Rotherham, South Yorkshire S60 2SQ2
£80K11/210.89 mi2, Broom Chase, Rotherham, South Yorkshire S60 2SQ2
£65K03/230.91 mi10, Copley Place, Rotherham, South Yorkshire S61 1TJ2
£62K03/220.97 mi81a, Cambridge Street, Rotherham, South Yorkshire S65 2SS2
£87K08/220.99 mi53, Leatham Avenue, Rotherham, South Yorkshire S61 1AD2
£42K07/220.99 mi82, Leatham Avenue, Rotherham, South Yorkshire S61 1AD2
£72.5K04/231.04 mi6, Bishopstoke Court, Rotherham, South Yorkshire S65 2BX2
£95K12/211.05 mi20, Broom Court, Rotherham, South Yorkshire S60 2SP2
£139K04/211.16 mi22, Moorgate View, Rotherham, South Yorkshire S60 2UG2
£75K09/221.29 mi7, Mile Oak Road, Rotherham, South Yorkshire S60 3AW2
£110K01/231.47 mi21, Garden Close, Rotherham, South Yorkshire S60 3HL2
£110K12/221.47 mi10, Garden Close, Rotherham, South Yorkshire S60 3HL2
£120K03/231.47 mi18, Garden Close, Rotherham, South Yorkshire S60 3HL2
£95K03/211.47 mi18, Garden Close, Rotherham, South Yorkshire S60 3HL2
£100K11/221.47 mi54, Lane End View, Rotherham, South Yorkshire S60 3HH2
£110K12/221.47 mi6, Garden Close, Rotherham, South Yorkshire S60 3HL2
£60K02/221.56 mi46, Ash View, Rotherham, South Yorkshire S61 4NL2
£89K11/201.64 miApartment 38, Trafford Apartments, Richmond Way, Rotherham, South Yorkshire S61 2LJ2
£100K03/221.73 mi14, Durham Way, Parkgate, Rotherham, South Yorkshire S62 6FL2
£90K05/211.73 mi24, Durham Way, Parkgate, Rotherham, South Yorkshire S62 6FL2
£90K05/211.73 mi24, Durham Way, Parkgate, Rotherham, South Yorkshire S62 6FL2
£55K11/201.73 mi46, Birks Road, Rotherham, South Yorkshire S61 3JY2
£65K04/231.75 mi1, Sopewell Road, Rotherham, South Yorkshire S61 2JJ2
£65K06/211.77 mi44, Lady Oak Way, Rotherham, South Yorkshire S65 3LA2
£68.5K12/221.77 mi46, Lady Oak Way, Rotherham, South Yorkshire S65 3LA2
£75K07/221.8 mi34, Lady Oak Way, Rotherham, South Yorkshire S65 3LA2
£75K03/221.8 mi42, Lady Oak Way, Rotherham, South Yorkshire S65 3LA2
£55K02/231.85 mi31, Binders Road, Rotherham, South Yorkshire S61 3LP2
£72.5K02/221.87 mi238, Wingfield Road, Rotherham, South Yorkshire S61 4AZ2

Local Rents

23 rents from £550/mo to £1K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72508/240 miMarket Street, ROTHERHAM2
£82502/240.01 mi-2
£85002/240.01 mi-2
£75002/240.1 mi-2
£75002/240.1 mi-2
£90008/240.14 miMillfold Rise, Rotherham2
£90010/240.16 mi-2
£66008/240.19 miGrove Road, Rotherham, S60 2ER2
£1,00001/250.22 mi-2
£69508/240.23 miHoward Street, Rotherham, South Yorkshire, S602
£55008/240.26 mi-2
£59503/250.26 mi-2
£59503/250.26 mi-2
£69507/240.32 mi-2
£58511/230.32 miMoorgate Road, Rotherham, South Yorkshire, S602
£75008/240.4 miHartshaw, 35 Moorgate Road, S60 2AD2
£65008/240.42 miCanklow Road, Rotherham2
£65008/240.49 miSt. Johns Avenue, Rotherham, South Yorkshire, S602
£67508/240.49 miSt. Johns Avenue, ROTHERHAM, S60 1HZ2
£85009/240.57 mi-2
£85008/240.57 miMoorgate Walk, Rotherham, S602
£85008/240.59 miRotherham, S60, Moorgate Walk, P44682
£72508/240.61 mi 2a Broom Road2

Local Area Statistics

Population in S60

37,979

Population in Rotherham

212,593

Town centre distance

2.80 miles away

Nearest school

0.60 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £60,000

September 19, 2024

Description

  • Two bedroom flat +
  • Located in Rotherham Town Centre +
  • Well placed to local amenities & transport links +
  • CALL TO VIEW +

SUMMARY
IS THIS THE ONE? - Offered to market is this two bedroom flat making the ideal purchase for the FTB, investor or commuter alike. Located in Rotherham Town Centre being well placed to local amenities & transport links...CALL TO VIEW!!!

DESCRIPTION
Lease term 160 years starting 26/09/2007
Ground Rent £200 p/a (this increases every 10 years)

Entrance Hall 
Having an electric radiator and a storage cupboard.

Lounge / Kitchen 17' 3" into recess x 15' 5" to max point ( 5.26m into recess x 4.70m to max point )
Being an irregular shaped room with a front facing double glazed door to the balcony, a side facing double glazed window and an electric radiator.

The Kitchen i fitted with an integrated hob, oven. extractor fan and a dishwasher with spotlights to the ceiling.

Bedroom One 9' 7" to max point x 10' 3" to max point ( 2.92m to max point x 3.12m to max point )
Having a front facing double glazed window and an electric radiator.

Bedroom Two 9' 8" to max point x 15' 4" to max point ( 2.95m to max point x 4.67m to max point )
Being an irregular shaped room with a side facing double glazed window and an electric radiator.

Bathroom 
Fitted with a bath with a shower over, a hand wash basin and a WC. Having a heated towel rail, an extractor fan and spotlights to the ceiling.

Outside 
Allocated parking space.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Rotherham

01709 212549

Next Steps?

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