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
BMV20%

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.

PriceDateDistanceAddressBeds 
£160K10/200.1 miFlat 1, The Regency Mansions, Newcomen Terrace, Redcar, Redcar And Cleveland TS10 1AU3
£180K09/230.1 miFlat 1, The Regency Mansions, Newcomen Terrace, Redcar, Redcar And Cleveland TS10 1AU3
£65K02/230.93 mi6, Devon Close, Redcar, Redcar And Cleveland TS10 4BE3
£245K11/202.19 mi16, De Havilland Drive, Marske By The Sea, Redcar, Redcar And Cleveland TS11 6NB3

Local Rents

25 rents from £595/mo to £3.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£66010/240.03 mi-3
£59510/240.09 miRegency Mews, Redcar, North Yorkshire, TS103
£70010/240.2 miCoatham Road, Redcar, North Yorkshire, TS103
£2,16703/250.23 mi-3
£2,16703/250.24 mi-3
£78510/240.24 mi-3
£2,30009/240.29 mi-3
£3,30010/240.29 mi-3
£2,30002/250.29 mi-3
£2,30002/250.29 mi-3
£65010/240.3 mi-3
£65008/240.3 mi-3
£2,10010/240.31 mi-3
£2,30011/240.31 mi-3
£3,00001/250.31 mi-3
£69510/240.35 miSoppett Street, Redcar, North Yorkshire, TS103
£2,10010/240.35 mi-3
£2,30002/250.35 mi-3
£3,10011/240.35 mi-3
£2,25002/250.35 mi-3
£2,30002/250.35 mi-3
£2,10010/240.37 mi-3
£2,30002/250.37 mi-3
£2,30002/250.37 mi-3
£80010/240.5 miLumley Road, Redcar, North Yorkshire, TS103

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

  • OPEN PLAN LIVING/DINING ROOM +
  • LARGE SPACIOUS PROPERTY +
  • CLOSE TO TOWN CENTRE +
  • WALKING DISTANCE TO BEACH +
  • ON STREET PARKING +

PH Estate Agents are delighted to showcase this expansive first-floor property, offering an abundance of space perfect for a growing family. This distinctive home is move-in ready, ensuring a seamless transition into your new residence.

Hallway - 3.70 x 0.85 (12'1" x 2'9") - As you step through the wooden door, you're welcomed by a long, inviting hallway that leads you to the first floor.

Reception Room - 4.03 x 4.10 (13'2" x 13'5") - This expansive, open-plan reception area is bathed in light, thanks to large windows at both the front and rear, illuminating both the reception and dining rooms. The space features brand-new hardwood floors and freshly painted white walls, creating a clean and welcoming ambience that’s ready for you to move in.

Dining Room - 4.95 x 4.11 (16'2" x 13'5") - The large open-plan dining and reception room offers immense potential for creating a cosy living area or a spacious venue for entertaining guests. A striking bay window allows streams of natural light to flood in, highlighting the elegant new hardwood floors.

Kitchen - 3.10 x 2.07 (10'2" x 6'9") - The room is complemented by white wall-based and drawer units, along with sleek black counter tops, adding a modern touch to the space.

Landing - 3.13 x 1.24 (10'3" x 4'0") - Moving through the home, a unique landing area provides access to all rooms. With its high ceilings and distinctive high window, this space is perpetually brightened by natural sunlight.

Bathroom - 3.30 x 2.05 (10'9" x 6'8") - The bathroom suite includes a three-piece setup with a bath, shower, and sink basin, while access to the toilet is available through an additional door, located in a separate section of the bathroom.

W/C - 1.09 x 1.79 (3'6" x 5'10") - White toilet located in a separate part of the bathroom.

Bedroom 1 - 4.35 x 2.95 (14'3" x 9'8") - The generously sized bedroom comfortably accommodates a large double bed, leaving plenty of room for additional bedroom furniture.

Bedroom 2 - 5.33 x 2.78 (17'5" x 9'1") - Another spacious bedroom similarly fits a double bed with ample space for other furnishings.

Second Floor Hallway - 2.63 x 2.17 (8'7" x 7'1") - The hallway, wide and inviting, leads to the second bedroom and a dressing room.

Dressing Room - 2.52 x 3.07 (8'3" x 10'0") - This space is currently used as a walk-in wardrobe but holds the potential to be transformed into either a dedicated dressing room or an additional bedroom, depending on your needs.

Agent Details

PH Estate Agents, Redcar

01642 056328

Next Steps?

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