2 Bed Flat, Single Let, Redcar, TS10 1AX, £88,000





ValuationUndervalued
Sold Prices | £55K - £197.5K |
Sold Prices/m² | £1.3K/m² - £3.1K/m² |
| |
Square Metres | ~59.80 m² |
Price/m² | £1.5K/m² |
Value Estimate | £109,120 |
BMV | 24% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £22,000 |
Stamp Duty & Legal Fees | £5,600 |
Total Cash In | £27,600 |
| |
Cash Out | |
Rent Range | £450 - £2,900 |
Rent Estimate | £450 |
Running Costs/mo | £385 |
Cashflow/mo | £65 |
Cashflow/yr | £780 |
ROI | 3% |
Gross Yield | 6% |
Local Sold Prices
11 sold prices from £55K to £197.5K, average is £100K. £1.3K/m² to £3.1K/m², average is £2.7K/m².
Local Rents
34 rents from £450/mo to £2.9K/mo, average is £600/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 | 0.22 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 £88,000
April 5, 2025
Price changed to £90,000
March 28, 2025
Price changed to £82,000
March 20, 2025
Price changed to £86,000
January 31, 2025
Price changed to £88,000
January 19, 2025
Price changed to £90,000
January 11, 2025
Price changed to £82,000
January 3, 2025
Price changed to £84,000
December 21, 2024
Price changed to £86,000
December 13, 2024
Listed for £88,000
November 12, 2024
Floor Plans

Description
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