3 Bed Detached House, Refurb/BRRR, Redcar, TS10 4SJ, £200,000

3317 Needles Close, Redcar, TS10 4SJ - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£58K - £355K
Sold Prices/m²£863/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£163,761

 

 

End Value (After Refurb)

£186,988

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,350

Refurb Costs

£35,687

Bridging Loan Interest

£5,250

Total Cash In

£100,037

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£186,988

Mortgage (After Refinance)

£140,241

Mortgage LTV

75%

Cash Left In

£100,037

Equity

£46,747

Rent Range

£550 - £7,440

Rent Estimate

£1,510

Running Costs/mo

£906

Cashflow/mo

£604

Cashflow/yr

£7,244

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £58K to £355K, average is £152.8K. £863/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£157K06/210 mi7, Needles Close, Redcar, Redcar And Cleveland TS10 4SJ3
£160K03/210.03 mi11, Goodwin Close, Redcar, Redcar And Cleveland TS10 4SL3
£108K03/210.05 mi33, Mapleton Crescent, Redcar, Redcar And Cleveland TS10 4SE3
£85K12/230.14 mi16, Grosmont Close, Redcar, Redcar And Cleveland TS10 4PJ3
£80K10/230.17 mi57, Egton Close, Redcar, Redcar And Cleveland TS10 4PQ3
£75K12/220.18 mi372, West Dyke Road, Redcar, Redcar And Cleveland TS10 4PH3
£152.5K02/230.21 mi1, Overdale Close, Redcar, Redcar And Cleveland TS10 4SF3
£75K04/230.21 mi12, Broxa Close, Redcar, Redcar And Cleveland TS10 4HX3
£90K07/230.21 mi7, Broxa Close, Redcar, Redcar And Cleveland TS10 4HX3
£72K01/210.21 mi23, Broxa Close, Redcar, Redcar And Cleveland TS10 4HX3
£156K11/200.25 mi500, West Dyke Road, Redcar, Redcar And Cleveland TS10 4QL3
£76K02/230.27 mi111, Blakey Close, Redcar, Redcar And Cleveland TS10 4PE3
£58K06/210.29 mi332, West Dyke Road, Redcar, Redcar And Cleveland TS10 4PF3
£155K08/210.29 mi21, Draycott Close, Redcar, Redcar And Cleveland TS10 4RA3
£169K08/210.31 mi18, Fulmerton Crescent, Redcar, Redcar And Cleveland TS10 4NJ3
£162K05/240.31 mi19, Cayton Close, Redcar, Redcar And Cleveland TS10 4RB3
£180K07/230.32 mi6, Martindale Way, Redcar, Redcar And Cleveland TS10 4NL3
£157K08/230.32 mi5, Martindale Way, Redcar, Redcar And Cleveland TS10 4NL3
£138K04/210.34 mi47, Yew Tree Avenue, Redcar, Redcar And Cleveland TS10 4QB3
£115K05/210.34 mi45, Yew Tree Avenue, Redcar, Redcar And Cleveland TS10 4QB3
£87.5K03/230.36 mi310, West Dyke Road, Redcar, Redcar And Cleveland TS10 4NX3
£160K10/200.36 mi12, Queensbury Close, Redcar, Redcar And Cleveland TS10 4QA3
£153K04/230.36 mi1, St Albans Close, Redcar, Redcar And Cleveland TS10 4SU3
£190K03/230.38 mi4, Yew Tree Avenue, Redcar, Redcar And Cleveland TS10 4QG3
£142K10/200.38 mi2, Fairmead, Redcar, Redcar And Cleveland TS10 4QE3
£86K01/230.4 mi77, Micklow Close, Redcar, Redcar And Cleveland TS10 4NS3
£195K02/230.42 mi54, Crestwood, Redcar, Redcar And Cleveland TS10 4NN3
£74.5K01/210.42 mi3, Micklow Close, Redcar, Redcar And Cleveland TS10 4NP3
£83K09/230.42 mi9, Micklow Close, Redcar, Redcar And Cleveland TS10 4NP3
£162K11/210.44 mi4, Newquay Drive, Redcar, Redcar And Cleveland TS10 4GL3
£120K12/230.44 mi12, Fir Grove, Redcar, Redcar And Cleveland TS10 4QH3
£140K03/210.45 mi19, Wrentree Close, Redcar, Redcar And Cleveland TS10 4SB3
£170K03/230.45 mi11, Wrentree Close, Redcar, Redcar And Cleveland TS10 4SB3
£164K08/230.45 mi16, Wrentree Close, Redcar, Redcar And Cleveland TS10 4SB3
£164K09/210.5 mi19, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£133K05/210.5 mi33, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£140K09/210.5 mi48, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£140K12/200.5 mi61, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£140K02/210.5 mi39, Fernwood, Redcar, Redcar And Cleveland TS10 4NF3
£355K06/210.53 mi23, Wheatlands Park, Redcar, Redcar And Cleveland TS10 2PE3
£175K07/210.54 mi4, Southwold Close, Redcar, Redcar And Cleveland TS10 4GB3
£185K06/230.56 mi16, Hambleton Avenue, Redcar, Redcar And Cleveland TS10 4HQ3
£187K03/240.6 mi6, Lorton Road, Redcar, Redcar And Cleveland TS10 4LY3
£172.5K11/230.6 mi27, Lorton Road, Redcar, Redcar And Cleveland TS10 4LY3
£190K02/210.6 mi23, Lorton Road, Redcar, Redcar And Cleveland TS10 4LY3
£149K06/210.6 mi24, Lorton Road, Redcar, Redcar And Cleveland TS10 4LY3
£189K03/210.6 mi18, Lorton Road, Redcar, Cleveland TS10 4LY3
£145K04/210.61 mi11, Hambleton Avenue, Redcar, Redcar And Cleveland TS10 4GX3
£172K08/230.61 mi29, Hambleton Avenue, Redcar, Redcar And Cleveland TS10 4GX3
£160K11/200.62 mi285, West Dyke Road, Redcar, Redcar And Cleveland TS10 4LX3

Local Rents

50 rents from £550/mo to £7.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£55010/240.11 mi-2
£65002/250.11 mi-2
£60007/230.23 mi-3
£2,00010/240.35 mi-1
£2,00010/240.35 mi-1
£2,00010/240.35 mi-1
£2,20010/240.35 mi-1
£2,20010/240.35 mi-1
£2,55010/240.35 mi-1
£2,55010/240.35 mi-1
£1,90007/240.35 mi-1
£1,75006/240.35 mi-1
£1,75006/240.35 mi-1
£1,67506/240.35 mi-1
£2,00008/240.35 mi-1
£2,00009/240.35 mi-1
£2,00001/250.35 mi-1
£1,67501/250.35 mi-1
£1,75001/250.35 mi-1
£1,75002/250.35 mi-1
£1,75001/250.35 mi-1
£1,90002/250.35 mi-1
£2,00002/250.35 mi-1
£1,00007/230.51 mi-3
£1,10009/240.51 mi-3
£89512/240.65 mi-3
£95010/240.65 miPrimrose Road, Redcar, North Yorkshire, TS103
£72510/240.75 miKirkwood Drive, Redcar, Cleveland, TS102
£67510/240.96 miTroutbeck Road, Redcar, North Yorkshire, TS102
£1,00004/231.01 mi-3
£1,00005/241.13 mi-4
£85010/241.13 mi-3
£65012/241.22 mi-3
£72510/241.22 mi-3
£55010/241.29 mi-2
£2,10010/241.3 mi-3
£1,70003/251.3 mi-3
£2,30011/241.3 mi-3
£90010/241.37 mi-3
£1,80010/241.37 mi-1
£1,80010/241.37 mi-1
£1,90011/241.37 mi-1
£1,85003/251.37 mi-1
£1,90001/251.37 mi-1
£1,90001/251.37 mi-1
£65010/241.38 miLothian Grove, Redcar2
£58503/251.41 mi-3
£65010/241.42 miRipon Road, Redcar, North Yorkshire, TS102
£7,44010/241.44 mi-5
£80010/241.45 miLumley Road, Redcar, North Yorkshire, TS103

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

0.92 miles away

Nearest school

0.30 miles away

Nearest train station

1.38 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 £200,000

January 19, 2025

Listed for £205,000

December 16, 2024

Sold for £157,000

2021

Floor Plans

Description

  • THREE BEDROOM PROPERTY +
  • SHORT DISTANCE FROM REDCAR CENTRAL +
  • SEMI-DETACHED +
  • DRIVEWAY & GARAGE +
  • RENOVATED THROUGHOUT +
  • BOOK YOUR VIEWING TODAY +
  • EPC RATING C +
  • SHORT DRIVE TO LOCAL AMENITIES +

Beautifully designed three/ Four-bedroom home on Needles Close TS10 Redcar! Book your viewing today to save the disappointment of losing out

Entrance - 0.91m x 1.09m (3'0" x 3'7") - A welcoming entrance hall greets you as you step through the modern grey UPVC double glazed door at the front of the property. This generously-sized passage, bathed in natural light, serves as a central hub, branching off to connect the main reception room, a convenient ground floor washroom, and a versatile converted garage space.

Ground Floor W/C - 1.22m x 0.86m (4'0" x 2'10") - Located on the ground floor, this stylishly appointed bathroom showcases a modern two-piece suite in pristine white. The space features a sleek low-level toilet and an elegant hand basin, complemented by contemporary wall cladding that adds both sophistication and practicality. Natural light filters softly through a frosted UPVC double-glazed window, ensuring both brightness and privacy.

Converted Garage - 4.17m x 2.29m (13'8" x 7'6") - Thoughtfully transformed from its original purpose, this former garage now serves as a welcoming ground floor bedroom. The generous dimensions easily accommodate a double bed while leaving ample space for practical storage solutions. Bathed in natural light through a modern UPVC double-glazed window, the room strikes a perfect balance between comfort and functionality. The contemporary light grey laminate flooring adds a sleek, modern touch, while a well-positioned radiator ensures year-round coziness. The clever conversion maximizes every square foot, creating an inviting retreat that seamlessly blends into the home's living space.

Reception Room - 4.50m x 3.81m (14'9" x 12'6") - Stepping into the spacious reception room, you're immediately drawn to the elegant focal point: a traditional feature fire surround housing a warm coal fire that creates an inviting atmosphere. The generous dimensions of this well-appointed room easily accommodate a full three-piece suite with plenty of space left for storage furniture. Plush carpeting underfoot adds comfort, while a strategically placed radiator ensures year-round warmth. The room's practical layout offers convenient access to both the kitchen and the stairway leading to the first floor, making it a natural hub for daily living and entertaining.

Kitchen Diner - 2.41m x 5.89m (7'11" x 19'4") - This stunning contemporary kitchen-diner showcases an impressive array of sleek, high-gloss cabinetry throughout, featuring thoughtfully designed wall-mounted units, base cabinets, and drawer systems. The intelligent interior organization includes custom compartments and dividers, creating dedicated spaces for appliances and kitchen essentials. The modern kitchen comes fully equipped with seamlessly integrated appliances, including a state-of-the-art oven, built-in microwave, and whisper-quiet dishwasher, all complemented by natural light streaming through a large UPVC double-glazed window.

The welcoming dining area centers around a stylish breakfast bar, perfect for casual meals or morning coffee. This versatile space accommodates additional compact storage solutions while maintaining an open, airy feel. Elegant sliding patio doors create a seamless transition to the bright conservatory, bringing the outside in and making this space perfect for both everyday living and entertaining.

Conservatory - 2.82m x 2.92m (9'3" x 9'7") - Bathed in natural light, the elegant conservatory extends seamlessly from the kitchen diner at the back of the property. This bright, airy space features a sophisticated dwarf wall construction, complemented by a series of crystal-clear UPVC double glazed windows that wrap around the room, creating a panoramic view of the garden beyond. Graceful French doors serve as the focal point, opening wide to welcome the outdoor breeze and provide direct access to the landscaped garden. The thoughtfully designed lightweight roof system ensures perfect temperature control throughout the seasons, while strategically placed recessed spot lighting creates a warm, inviting ambiance as day transitions to evening. The entire space serves as a perfect transition between indoor comfort and outdoor living, making it an ideal spot for both relaxation and entertainment.

Landing - 1.83m x 0.91m (6'0" x 3'0") - The landing benefits from a UPVC double glazed window to the side aspect of the property, modern carpet and gains access to the three spacious bedrooms and contemporary Bathroom.

Bedroom One - 2.79m x 3.05m (9'2" x 10'0") - Positioned at the front of the property, the generously-sized primary bedroom bathes in natural light from its street-facing windows. This well-proportioned space easily accommodates a double bed and multiple storage pieces without feeling cramped. The room's standout feature is its contemporary wall cladding—a sleek, low-maintenance design choice that adds texture and visual interest while eliminating frequent repainting needs. A thoughtfully integrated built-in storage cupboard maximizes the room's functionality, offering seamless organization possibilities for clothing and personal items.

Bedroom Two - 3.30m x 2.74m (10'10" x 9'0") - Nestled at the back of the property, the generously-sized second bedroom offers a peaceful retreat. This well-proportioned space easily accommodates a double bed and multiple storage pieces with room to spare. The sleek, mirrored sliding wardrobes span one wall, not only providing abundant storage but also creating an illusion of extra space while reflecting natural light throughout the room. A large UPVC double-glazed window bathes the space in sunlight and offers views of the rear garden.

Bedroom Three - 2.59m x 2.59m (8'6" x 8'6") - The third bedroom, while more intimate in size compared to its counterparts, defies the conventional "box room" stereotype. This cozy space is thoughtfully designed with built-in storage wardrobes that maximize the available area. A single bed fits comfortably within the room, leaving ample space for movement. Natural light streams through the energy-efficient UPVC double glazed window, creating a bright and welcoming atmosphere. The well-positioned radiator ensures year-round comfort, making this a perfect sanctuary for a child, home office, or guest room.

Family Bathroom - 1.65m x 2.06m (5'5" x 6'9") - Step into a thoughtfully appointed family bathroom showcasing a sleek, contemporary three-piece suite. The centerpiece is an elegant paneled bath equipped with a precision-controlled thermostatic shower system for the perfect water temperature every time. A sophisticated vanity unit features a pristine hand basin perched above clever storage solutions, while the low-level WC completes the essential fixtures. The space is elevated by floor-to-ceiling tile work that creates a spa-like atmosphere, complemented by a chrome towel warmer for added comfort. Natural light filters softly through a frosted UPVC double-glazed window, ensuring both brightness and privacy while maintaining optimal temperature control.

External - A welcoming double driveway graces the front of the property, while a separate side driveway sweeps alongside the house, leading to a sturdy garage. A charming patch of emerald astro-turf adds a touch of greenery to the approach. The rear garden is thoughtfully designed across multiple levels, featuring an inviting entertainment area perfect for outdoor gatherings and al fresco dining. The upper level showcases pristine astro-turf that stays lush year-round, bordered by colorful flower beds that frame the space with seasonal blooms and perennial plants, creating a low-maintenance yet visually striking outdoor retreat.

Property Information - This beautifully maintained property showcases comprehensive renovations throughout, featuring modern upgrades and impeccable attention to detail. The efficient heating system includes a recently installed boiler that receives professional annual maintenance, ensuring reliable comfort year-round. Conveniently positioned just minutes from the heart of Redcar, residents enjoy quick and easy access to the town center's shops, restaurants, and amenities. The property's prime location combines the peace of residential living with the convenience of urban accessibility.

Agent Details

PH Estate Agents, Redcar

01642 056328

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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