3 Bed Terraced House, Potential PLO/LOA, Redcar, TS10 1BA, £60,000

Cleveland Street, Redcar, TS10 1BA - 22 views - 4 months ago

Negative Equity
ROI: 15%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£59K - £171K
Sold Prices/m²£513/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£645/m²

Value Estimate

£86,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,300

Total Cash In

£18,300

 

 

Cash Out

 

Rent Range

£595 - £3,300

Rent Estimate

£616

Running Costs/mo

£331

Cashflow/mo

£285

Cashflow/yr

£3,424

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £59K to £171K, average is £94K. £513/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£114.3K05/230 mi10, Cleveland Street, Redcar, Redcar And Cleveland TS10 1BA3
£81.3K12/200.09 mi24, Coatham Road, Redcar, Redcar And Cleveland TS10 1RJ3
£61.5K03/210.14 mi15, Westbourne Grove, Redcar, Redcar And Cleveland TS10 1EH3
£160K03/210.18 mi62, Coatham Road, Redcar, Redcar And Cleveland TS10 1RY3
£105K12/230.25 mi135, Queen Street, Redcar, Redcar And Cleveland TS10 1BT3
£125K06/210.25 mi59, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER3
£137K01/240.25 mi95, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER3
£122K05/230.25 mi43, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER3
£95K04/230.25 mi107, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER3
£144.9K04/230.26 mi92, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ES3
£145K11/200.26 mi106, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ES3
£105K10/210.28 mi49, Buckingham Road, Redcar, Redcar And Cleveland TS10 1ET3
£88K03/230.29 mi28, Red Lion Street, Redcar, Redcar And Cleveland TS10 3HF3
£110.1K07/210.29 mi14, Buckingham Road, Redcar, Redcar And Cleveland TS10 1EU3
£95K04/230.29 mi6, Buckingham Road, Redcar, Redcar And Cleveland TS10 1EU3
£80K04/240.29 mi12, Holder Street, Redcar, Redcar And Cleveland TS10 2AB3
£134K11/200.31 mi14, Althorp, Redcar, Redcar And Cleveland TS10 1NY3
£149.9K11/200.31 mi12, Althorp, Redcar, Redcar And Cleveland TS10 1NY3
£80.7K10/230.32 mi26, France Street, Redcar, Redcar And Cleveland TS10 3HH3
£59K04/230.32 mi14, Elton Street, Redcar, Redcar And Cleveland TS10 2AD3
£100K11/210.33 mi31, Sandringham Road, Redcar, Redcar And Cleveland TS10 1EX3
£130K12/210.33 mi37, Sandringham Road, Redcar, Redcar And Cleveland TS10 1EX3
£102.5K08/210.33 mi8, Sandringham Road, Redcar, Redcar And Cleveland TS10 1EX3
£85K01/240.34 mi59, High Street West, Redcar, Redcar And Cleveland TS10 1SF3
£135K07/230.35 mi31, Corporation Road, Redcar, Redcar And Cleveland TS10 1EY3
£64K12/200.35 mi27, Charles Street, Redcar, Redcar And Cleveland TS10 3HP3
£79K04/210.37 mi34, Soppett Street, Redcar, Redcar And Cleveland TS10 2AL3
£78K04/210.38 mi26, Scott Street, Redcar, Redcar And Cleveland TS10 2AN3
£77.5K09/230.38 mi57, Charlotte Street, Redcar, Redcar And Cleveland TS10 3HU3
£60K10/210.38 mi65, Charlotte Street, Redcar, Cleveland TS10 3HU3
£78K04/210.38 mi26, Scott Street, Redcar, Redcar And Cleveland TS10 2AN3
£66K08/230.39 mi92, Lord Street, Redcar, Redcar And Cleveland TS10 3JA3
£92.5K06/230.4 mi58, Alfred Street, Redcar, Redcar And Cleveland TS10 3HY3
£82.5K01/230.41 mi45, Alfred Street, Redcar, Redcar And Cleveland TS10 3HZ3
£83K08/230.43 mi46, Muriel Street, Redcar, Redcar And Cleveland TS10 3JB3
£121K01/240.44 mi29, Thrush Road, Redcar, Redcar And Cleveland TS10 2AT3
£70K06/210.44 mi62, West Dyke Road, Redcar, Redcar And Cleveland TS10 1HQ3
£170K01/230.44 mi62, West Dyke Road, Redcar, Redcar And Cleveland TS10 1HQ3
£93K09/210.45 mi74, Westfield Avenue, Redcar, Redcar And Cleveland TS10 1HG3
£85K03/230.45 mi54, Thrush Road, Redcar, Redcar And Cleveland TS10 2AS3
£84.8K07/230.45 mi58, Thrush Road, Redcar, Redcar And Cleveland TS10 2AS3
£76K10/200.49 mi94, High Street West, Redcar, Redcar And Cleveland TS10 1SD3
£115K01/210.5 mi11, Lumley Road, Redcar, Cleveland TS10 2BD3
£120K04/210.5 mi9, Lumley Road, Redcar, Redcar And Cleveland TS10 2BD3
£90K06/210.52 mi86, Lumley Road, Redcar, Redcar And Cleveland TS10 2BE3
£60K06/210.52 mi38, William Street, Redcar, Redcar And Cleveland TS10 3BS3
£171K11/200.53 mi2, Priory Grove, Redcar, Redcar And Cleveland TS10 1QT3
£165K04/240.57 mi49, Park Avenue, Redcar, Redcar And Cleveland TS10 3LJ3
£64K07/210.57 mi38, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG3
£123.5K10/210.57 mi50, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG3

Local Rents

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

RentDateDistanceAddressBeds 
£66010/240.01 mi-3
£59510/240.06 miRegency Mews, Redcar, North Yorkshire, TS103
£70010/240.18 miCoatham Road, Redcar, North Yorkshire, TS103
£2,16703/250.21 mi-3
£2,16703/250.22 mi-3
£78510/240.24 mi-3
£2,30009/240.3 mi-3
£3,30010/240.3 mi-3
£2,30002/250.3 mi-3
£2,30002/250.3 mi-3
£65010/240.31 mi-3
£65008/240.31 mi-3
£2,10010/240.32 mi-3
£2,30011/240.32 mi-3
£3,00001/250.32 mi-3
£69510/240.36 miSoppett Street, Redcar, North Yorkshire, TS103
£2,10010/240.37 mi-3
£2,30001/250.37 mi-3
£3,10011/240.37 mi-3
£2,25001/250.37 mi-3
£2,30002/250.37 mi-3
£2,10010/240.38 mi-3
£2,30002/250.38 mi-3
£2,30001/250.38 mi-3
£80010/240.52 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

Price changed to £60,000

January 19, 2025

Listed for £70,000

-11%

December 4, 2024

Sold for £78,000

2010

Sold for £50,000

2003

Sold for £37,500

1995

Description

  • INVESTMENT OPPURTUNITY +
  • CONVENIENTLY LOCATED +
  • MULTIPLE RECEPTION ROOMS +
  • REAR YARD +
  • THREE BEDROOMS +

SUMMARY
This spacious three bedroom end-terraced property, conveniently located near local amenities, shops, and excellent transport links, presents an ideal opportunity for investors. The first floor boasts three double bedrooms, a family bathroom, and a separate WC.

DESCRIPTION
This spacious three bedroom end-terraced property, conveniently located near local amenities, shops, and excellent transport links, presents an ideal opportunity for investors. The ground floor features two generous reception rooms, a well-appointed kitchen, and a covered rear yard, offering both comfort and practicality. Upstairs, The first floor boasts three double bedrooms, a family bathroom, and a separate WC, providing ample space for family living or tenants.

Entrance Hall  
Entered via UPVC double glazed door to front, window panels, stairs to first floor, understair storage cupbaord, radiator.

Reception Room 1 13' 2" (max) x 19' 7" (max) ( 4.01m (max) x 5.97m (max) )
UPVC double glazed window to front, radiator, gas fire with wooden surround and marble hearth.

Reception Room 2  14' (max) x 15' 6" (max) ( 4.27m (max) x 4.72m (max) )
UPVC double glazed window to front, radiator, storage cupboard.

Kitchen  12' 7" x 6' 11" ( 3.84m x 2.11m )
Range of wooden wall and basin to contrast laminated work surfaces, integrated electric hob, integrated electric oven, extract canopy, 1 1/2 sink with draining and mixer tap, plumbing for washing machine, space for single door fridge/freezer.

Utility Room  6' 7" x 11' 10" ( 2.01m x 3.61m )
UPVC double glazed window and door to rear,

Half Landing 

Separate W/C 
Boiler, floor to wall tile, laminate flooring, UPVC double glazed window to rear, low level low flush W/C.

Bathroom  
Pedestal wash hand basin, white panel bath with individual taps, double walk in cubicle with wall mounted electric shower head, wall tiles, UPVC double glazed window to side,

First Floor Landing 
Window, radiator.

Bedroom 1  14' 7" (max) x 15' 8" (max) ( 4.45m (max) x 4.78m (max) )
UPVC double glazed window to front, radiator.

Bedroom 2 13' 2" x 11' ( 4.01m x 3.35m )
UPVC double glazed window to rear, radiator.

Bedroom 3  13' 9" x 10' 11" ( 4.19m x 3.33m )
UPVC double glazed window to front, radiator.

Rear Yard 

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

Manners & Harrison, Middlesbrough

01642 056044

Next Steps?

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