3 Bed Flat, Single Let, Redcar, TS10 1AQ, £100,000
10b Station Road, Redcar, TS10 1AQ - 3 views - 5 months ago
BTL
ROI: 7%
118 m²





+14 photos
ValuationUndervalued
Sold Prices | £65K - £245K |
Sold Prices/m² | £1.2K/m² - £4.1K/m² |
| |
Square Metres | 118 m² |
Price/m² | £847/m² |
Value Estimate | £120,000 |
BMV | 20% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £25,000 |
Stamp Duty & Legal Fees | £4,200 |
Total Cash In | £29,200 |
| |
Cash Out | |
Rent Range | £595 - £3,300 |
Rent Estimate | £643 |
Running Costs/mo | £461 |
Cashflow/mo | £182 |
Cashflow/yr | £2,183 |
ROI | 7% |
Gross Yield | 8% |
Local Sold Prices
4 sold prices from £65K to £245K, average is £170K. £1.2K/m² to £4.1K/m², average is £2.8K/m².
Local Rents
25 rents from £595/mo to £3.3K/mo, average is £2.2K/mo.
Local Area Statistics
Population in TS10 | 36,800 |
Population in Redcar | 48,622 |
Town centre distance | 0.88 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.20 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
November 1, 2024
Floor Plans




Description
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