3 Bed Semi-Detached House, Refurb/BRRR, Redcar, TS10 1HG, £100,000





ValuationUndervalued
Sold Prices | £59K - £213K |
Sold Prices/m² | £513/m² - £2K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £1.1K/m² |
Value Estimate | £103,000£103,000 |
BMV | 3% |
| |
End Value (After Refurb) | £123,490£123,490 |
Uplift in Value | +23%+23% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £25,000£25,000 |
Stamp Duty & Legal Fees | £4,200£4,200 |
Refurb Costs | £35,687£35,687 |
Bridging Loan Interest | £2,625£2,625 |
Total Cash In | £69,262£69,262 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £123,490£123,490 |
Mortgage (After Refinance) | £92,617£92,617 |
Mortgage LTV | 75%75% |
Cash Released | £17,617£17,617 |
Cash Left In | £51,645£51,645 |
Equity | £30,872£30,872 |
Rent Range | £595 - £3,300£595 - £3,300 |
Rent Estimate | £1,770 |
Running Costs/mo | £760£760 |
Cashflow/mo | £1,010£1,010 |
Cashflow/yr | £12,121£12,121 |
ROI | 18%18% |
Gross Yield | 21%21% |
Local Sold Prices
50 sold prices from £59K to £213K, average is £117K. £513/m² to £2K/m², average is £1.3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£93K | 09/21 | 0 mi | 74, Westfield Avenue, Redcar, Redcar And Cleveland TS10 1HG | £959 | 97 | 3 | Semi-Detached House | |
£135K | 07/23 | 0.1 mi | 31, Corporation Road, Redcar, Redcar And Cleveland TS10 1EY | £1,350 | 100 | 3 | Semi-Detached House | |
£70K | 06/21 | 0.1 mi | 62, West Dyke Road, Redcar, Redcar And Cleveland TS10 1HQ | £777 | 90 | 3 | Terraced House | |
£170K | 01/23 | 0.1 mi | 62, West Dyke Road, Redcar, Redcar And Cleveland TS10 1HQ | £1,889 | 90 | 3 | Terraced House | |
£130K | 06/23 | 0.12 mi | 80, Brooksbank Avenue, Redcar, Redcar And Cleveland TS10 1HS | £1,327 | 98 | 3 | Semi-Detached House | |
£130K | 09/23 | 0.12 mi | 12, Brooksbank Avenue, Redcar, Redcar And Cleveland TS10 1HS | £1,182 | 110 | 3 | Semi-Detached House | |
£100K | 11/21 | 0.12 mi | 31, Sandringham Road, Redcar, Redcar And Cleveland TS10 1EX | - | - | 3 | Semi-Detached House | |
£130K | 12/21 | 0.12 mi | 37, Sandringham Road, Redcar, Redcar And Cleveland TS10 1EX | £1,800 | 72 | 3 | Semi-Detached House | |
£102.5K | 08/21 | 0.12 mi | 8, Sandringham Road, Redcar, Redcar And Cleveland TS10 1EX | £1,265 | 81 | 3 | Terraced House | |
£134K | 11/20 | 0.14 mi | 14, Althorp, Redcar, Redcar And Cleveland TS10 1NY | £1,836 | 73 | 3 | Semi-Detached House | |
£149.9K | 11/20 | 0.14 mi | 12, Althorp, Redcar, Redcar And Cleveland TS10 1NY | £1,724 | 87 | 3 | Detached House | |
£123.5K | 10/21 | 0.14 mi | 12, Rydal Avenue, Redcar, Redcar And Cleveland TS10 1HY | - | - | 3 | Semi-Detached House | |
£110.1K | 07/21 | 0.16 mi | 14, Buckingham Road, Redcar, Redcar And Cleveland TS10 1EU | £1,326 | 83 | 3 | Semi-Detached House | |
£95K | 04/23 | 0.16 mi | 6, Buckingham Road, Redcar, Redcar And Cleveland TS10 1EU | £1,012 | 94 | 3 | Terraced House | |
£105K | 10/21 | 0.17 mi | 49, Buckingham Road, Redcar, Redcar And Cleveland TS10 1ET | £1,500 | 70 | 3 | Semi-Detached House | |
£144.9K | 04/23 | 0.19 mi | 92, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ES | - | - | 3 | Semi-Detached House | |
£145K | 11/20 | 0.19 mi | 106, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ES | £1,559 | 93 | 3 | Semi-Detached House | |
£125K | 06/21 | 0.2 mi | 59, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER | £1,168 | 107 | 3 | Semi-Detached House | |
£137K | 01/24 | 0.2 mi | 95, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER | £1,685 | 81 | 3 | Semi-Detached House | |
£122K | 05/23 | 0.2 mi | 43, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER | - | - | 3 | Semi-Detached House | |
£95K | 04/23 | 0.2 mi | 107, Sandringham Road, Redcar, Redcar And Cleveland TS10 1ER | £1,202 | 79 | 3 | Semi-Detached House | |
£59K | 04/23 | 0.2 mi | 14, Elton Street, Redcar, Redcar And Cleveland TS10 2AD | £684 | 86 | 3 | Terraced House | |
£80K | 04/24 | 0.22 mi | 12, Holder Street, Redcar, Redcar And Cleveland TS10 2AB | £833 | 96 | 3 | Terraced House | |
£130K | 04/23 | 0.25 mi | 4, Buttermere Road, Redcar, Redcar And Cleveland TS10 1LN | £1,383 | 94 | 3 | Terraced House | |
£105K | 12/20 | 0.25 mi | 28, Windermere Avenue, Redcar, Redcar And Cleveland TS10 1LE | £1,458 | 72 | 3 | Semi-Detached House | |
£148K | 12/22 | 0.25 mi | 32, Windermere Avenue, Redcar, Redcar And Cleveland TS10 1LE | - | - | 3 | Terraced House | |
£118K | 03/21 | 0.25 mi | 4, Semmerwater Grove, Redcar, Redcar And Cleveland TS10 1JG | - | - | 3 | Semi-Detached House | |
£100K | 01/21 | 0.25 mi | 8, Semmerwater Grove, Redcar, Redcar And Cleveland TS10 1JG | - | - | 3 | Semi-Detached House | |
£160K | 12/20 | 0.26 mi | 130, West Dyke Road, Redcar, Durham TS10 1JH | £1,413 | 113 | 3 | Semi-Detached House | |
£213K | 10/23 | 0.26 mi | 128, West Dyke Road, Redcar, Redcar And Cleveland TS10 1JH | £1,915 | 111 | 3 | Semi-Detached House | |
£79K | 04/21 | 0.26 mi | 34, Soppett Street, Redcar, Redcar And Cleveland TS10 2AL | £1,013 | 78 | 3 | Terraced House | |
£170K | 11/23 | 0.26 mi | 1, Thirlmere Road, Redcar, Redcar And Cleveland TS10 1LJ | £1,981 | 86 | 3 | Semi-Detached House | |
£128K | 10/23 | 0.26 mi | 25, Lucerne Road, Redcar, Redcar And Cleveland TS10 1JJ | £1,455 | 88 | 3 | Terraced House | |
£121K | 01/24 | 0.27 mi | 29, Thrush Road, Redcar, Redcar And Cleveland TS10 2AT | £1,330 | 91 | 3 | Terraced House | |
£78K | 04/21 | 0.27 mi | 26, Scott Street, Redcar, Redcar And Cleveland TS10 2AN | £1,182 | 66 | 3 | Terraced House | |
£78K | 04/21 | 0.27 mi | 26, Scott Street, Redcar, Redcar And Cleveland TS10 2AN | £1,182 | 66 | 3 | Terraced House | |
£115K | 01/21 | 0.28 mi | 11, Lumley Road, Redcar, Cleveland TS10 2BD | £1,026 | 112 | 3 | Terraced House | |
£120K | 04/21 | 0.28 mi | 9, Lumley Road, Redcar, Redcar And Cleveland TS10 2BD | - | - | 3 | Terraced House | |
£90K | 06/21 | 0.29 mi | 86, Lumley Road, Redcar, Redcar And Cleveland TS10 2BE | £947 | 95 | 3 | Terraced House | |
£61.5K | 03/21 | 0.32 mi | 15, Westbourne Grove, Redcar, Redcar And Cleveland TS10 1EH | £513 | 120 | 3 | Terraced House | |
£123.5K | 11/23 | 0.33 mi | 12, Hawkshead Road, Redcar, Redcar And Cleveland TS10 1JY | £1,506 | 82 | 3 | Terraced House | |
£85K | 03/23 | 0.33 mi | 54, Thrush Road, Redcar, Redcar And Cleveland TS10 2AS | £708 | 120 | 3 | Terraced House | |
£84.8K | 07/23 | 0.33 mi | 58, Thrush Road, Redcar, Redcar And Cleveland TS10 2AS | - | - | 3 | Terraced House | |
£135K | 03/24 | 0.34 mi | 5, Ontario Crescent, Redcar, Redcar And Cleveland TS10 1JR | - | - | 3 | Semi-Detached House | |
£88K | 03/23 | 0.34 mi | 28, Red Lion Street, Redcar, Redcar And Cleveland TS10 3HF | - | - | 3 | Terraced House | |
£80.7K | 10/23 | 0.35 mi | 26, France Street, Redcar, Redcar And Cleveland TS10 3HH | £1,194 | 68 | 3 | Terraced House | |
£116K | 06/23 | 0.36 mi | 20, Geneva Drive, Redcar, Redcar And Cleveland TS10 1JP | - | - | 3 | Semi-Detached House | |
£81.3K | 12/20 | 0.36 mi | 24, Coatham Road, Redcar, Redcar And Cleveland TS10 1RJ | £956 | 85 | 3 | Semi-Detached House | |
£64K | 07/21 | 0.37 mi | 38, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG | £667 | 96 | 3 | Terraced House | |
£123.5K | 10/21 | 0.37 mi | 50, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG | - | - | 3 | Terraced House |
Local Rents
26 rents from £595/mo to £3.3K/mo, average is £2.2K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£785 | 10/24 | 0.2 mi | - | 3 | Semi-Detached House | |
£2,300 | 09/24 | 0.21 mi | - | 3 | Terraced House | |
£3,300 | 10/24 | 0.21 mi | - | 3 | Terraced House | |
£2,300 | 02/25 | 0.21 mi | - | 3 | Terraced House | |
£2,300 | 02/25 | 0.21 mi | - | 3 | Terraced House | |
£2,100 | 10/24 | 0.22 mi | - | 3 | Terraced House | |
£2,300 | 11/24 | 0.22 mi | - | 3 | Terraced House | |
£3,000 | 01/25 | 0.22 mi | - | 3 | Terraced House | |
£2,100 | 10/24 | 0.24 mi | - | 3 | Terraced House | |
£2,300 | 01/25 | 0.24 mi | - | 3 | Terraced House | |
£3,100 | 11/24 | 0.24 mi | - | 3 | Terraced House | |
£2,250 | 01/25 | 0.24 mi | - | 3 | Terraced House | |
£2,300 | 02/25 | 0.24 mi | - | 3 | Terraced House | |
£650 | 10/24 | 0.25 mi | - | 3 | Terraced House | |
£650 | 08/24 | 0.25 mi | - | 3 | Terraced House | |
£695 | 10/24 | 0.25 mi | Soppett Street, Redcar, North Yorkshire, TS10 | 3 | Flat | |
£2,100 | 10/24 | 0.26 mi | - | 3 | Terraced House | |
£2,300 | 02/25 | 0.26 mi | - | 3 | Flat | |
£2,300 | 01/25 | 0.26 mi | - | 3 | Flat | |
£800 | 10/24 | 0.31 mi | Lumley Road, Redcar, North Yorkshire, TS10 | 3 | Terraced House | |
£725 | 10/24 | 0.34 mi | - | 3 | Semi-Detached House | |
£700 | 10/24 | 0.38 mi | Coatham Road, Redcar, North Yorkshire, TS10 | 3 | Flat | |
£2,167 | 03/25 | 0.42 mi | - | 3 | Semi-Detached House | |
£2,167 | 03/25 | 0.44 mi | - | 3 | Semi-Detached House | |
£660 | 10/24 | 0.44 mi | - | 3 | Semi-Detached House | |
£595 | 10/24 | 0.47 mi | Regency Mews, Redcar, North Yorkshire, TS10 | 3 | Flat |
Local Area Statistics
Population in TS10 | 36,80036,800 |
Population in Redcar | 48,62248,622 |
Town centre distance | 0.44 miles away0.44 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.25 miles away0.25 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +100%+100% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +16%+16% |
Property History
Listed for £100,000
January 8, 2025
Floor Plans

Description
- Council Tax Band B, Freehold +
- Chain Free +
- In Need Of Modernisation +
- Ample Storage +
- Spacious Living Room Through To Dining Room +
- Three Well-Proportioned Bedrooms +
- Off Road Parking +
- Rear Garden +
- Viewing Advised +
Situated in close proximity to Redcar Beach. This home offers a spacious open-plan lounge-dining room and would be an ideal family home
This semi-detached home is located in Redcar with close proximity to Redcar Beach and a range of amenities, schools, shopping facilities, food/drink establishments and more.
The accommodation briefly comprises a welcoming entrance way, a spacious living room through to the dining room and a kitchen.
To the first floor is an inviting landing area through to three well-proportioned bedrooms with ample storage and a three-piece bathroom with a tub-shower combination, a hand wash basin.
Externally, the property benefits from a rear yard, a front garden and off-road parking is available to the front.
This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.
Premium Fast Sale
The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.
Benefits
o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team
Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.
All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.
Deposit
Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.
This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.
An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Exclusivity
Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.
Process
Our Premium Fast Sale Plus follows the below process:
STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete
Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.
If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.
Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Please call us now to book an appointment.
We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.
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