3 Bed Semi-Detached House, Refurb/BRRR, Redcar, TS10 2DG, £200,000

Greenlands Road, Redcar, North Yorkshire, TS10 2DG - 5 views - 3 months ago

Refurb/BRRR
ROI: 12%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£64K - £270K
Sold Prices/m²£667/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£146,932

 

 

End Value (After Refurb)

£185,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£35,687

Bridging Loan Interest

£5,250

Total Cash In

£99,887

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£185,000

Mortgage (After Refinance)

£138,750

Mortgage LTV

75%

Cash Left In

£99,887

Equity

£46,250

Rent Range

£650 - £3,300

Rent Estimate

£1,987

Running Costs/mo

£996

Cashflow/mo

£991

Cashflow/yr

£11,898

ROI

12%

Gross Yield

12%

Local Sold Prices

50 sold prices from £64K to £270K, average is £160.3K. £667/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£234K09/230 mi29, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DG3
£132.5K11/210.06 mi6, St Johns Grove, Redcar, Redcar And Cleveland TS10 2DS3
£165K07/210.08 mi3, St Peters Grove, Redcar, Redcar And Cleveland TS10 2DP3
£175K03/210.08 mi129, Ings Road, Redcar, Redcar And Cleveland TS10 2DE3
£155K04/230.08 mi115, Ings Road, Redcar, Redcar And Cleveland TS10 2DE3
£190K11/210.09 mi20, Queensland Avenue, Redcar, Redcar And Cleveland TS10 2DT3
£127K01/210.09 mi12, The Furlongs, Redcar, Redcar And Cleveland TS10 2EB3
£148K11/200.09 mi1, Victoria Avenue, Redcar, Redcar And Cleveland TS10 2DX3
£150K11/210.09 mi4, Victoria Avenue, Redcar, Redcar And Cleveland TS10 2DX3
£180K03/230.09 mi4, Victoria Avenue, Redcar, Redcar And Cleveland TS10 2DX3
£129.9K05/210.1 mi82, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LR3
£134K11/230.1 mi88, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LR3
£185K11/210.1 mi27, Wardman Crescent, Redcar, Redcar And Cleveland TS10 2DQ3
£176K02/230.1 mi51, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£133K11/210.11 mi3, Malcolm Grove, Redcar, Redcar And Cleveland TS10 2DJ3
£215K08/230.11 mi62, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£215K03/230.11 mi64, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£200K10/230.11 mi70, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£230K04/230.11 mi65, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£119.5K03/230.11 mi96, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LR3
£102K06/210.11 mi7, Ings Road, Redcar, Redcar And Cleveland TS10 2DD3
£181.3K07/210.11 mi1, Ings Road, Redcar, Redcar And Cleveland TS10 2DD3
£218K04/230.11 mi57, Ings Road, Redcar, Redcar And Cleveland TS10 2DD3
£120K12/200.12 mi24, Ings Road, Redcar, Redcar And Cleveland TS10 2DL3
£270K11/230.15 mi63, Borough Road, Redcar, Redcar And Cleveland TS10 2EG3
£180K08/210.15 mi43, Borough Road, Redcar, Redcar And Cleveland TS10 2EG3
£137K08/210.19 mi26, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LP3
£126K08/230.19 mi52, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LP3
£240K10/230.19 mi7, Borough Road, Redcar, Redcar And Cleveland TS10 2EF3
£153K11/200.19 mi15, Borough Road, Redcar, Redcar And Cleveland TS10 2EF3
£163K12/200.19 mi23, Borough Road, Redcar, Cleveland TS10 2EF3
£195K08/230.19 mi8, Borough Road, Redcar, Redcar And Cleveland TS10 2EF3
£137.5K05/210.2 mi27, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LT3
£108.1K02/210.2 mi43, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LT3
£125K07/230.2 mi5, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LT3
£172K03/210.21 mi24, Stirling Road, Redcar, Redcar And Cleveland TS10 2JU3
£135.9K11/210.22 mi17, Stanley Grove, Redcar, Redcar And Cleveland TS10 3LN3
£172.5K01/230.23 mi11, Aske Road, Redcar, Redcar And Cleveland TS10 2BS3
£133K06/230.24 mi57, Lime Road, Redcar, Redcar And Cleveland TS10 3NF3
£157.5K07/230.24 mi19, Hawthorn Road, Redcar, Redcar And Cleveland TS10 3PA3
£64K07/210.25 mi38, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG3
£123.5K10/210.25 mi50, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG3
£152K03/240.25 mi210, Laburnum Road, Redcar, Redcar And Cleveland TS10 3PF3
£103K12/220.25 mi3, Olliver Street, Redcar, Redcar And Cleveland TS10 2AY3
£232.5K05/210.26 mi17, Richmond Road, Redcar, Redcar And Cleveland TS10 2EX3
£180K05/230.26 mi14, Richmond Road, Redcar, Redcar And Cleveland TS10 2EX3
£145K11/210.26 mi8, Raby Road, Redcar, Redcar And Cleveland TS10 2HE3
£245K09/210.26 mi20, Raby Road, Redcar, Redcar And Cleveland TS10 2HE3
£250K01/240.26 mi20, Raby Road, Redcar, Redcar And Cleveland TS10 2HE3
£200K04/230.27 mi25, Conway Road, Redcar, Redcar And Cleveland TS10 2EN3

Local Rents

20 rents from £650/mo to £3.3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£80010/240.3 miLumley Road, Redcar, North Yorkshire, TS103
£2,10010/240.43 mi-3
£2,30002/250.43 mi-3
£2,30001/250.43 mi-3
£2,10010/240.45 mi-3
£2,30001/250.45 mi-3
£3,10011/240.45 mi-3
£2,25001/250.45 mi-3
£2,30001/250.45 mi-3
£69510/240.45 miSoppett Street, Redcar, North Yorkshire, TS103
£90010/240.47 mi-3
£65010/240.51 mi-3
£65008/240.51 mi-3
£2,10010/240.51 mi-3
£2,30011/240.51 mi-3
£3,00012/240.51 mi-3
£2,30009/240.53 mi-3
£3,30010/240.53 mi-3
£2,30001/250.53 mi-3
£2,30001/250.53 mi-3

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

0.75 miles away

Nearest school

0.30 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

Listed for £200,000

January 30, 2025

Description

  • SET ON AN EXTENSIVE PLOT WITH HUGE REAR GARDENS +
  • CLOSE TO ALL LOCAL AMENITIES INCLUDING TRANSPORT ROUTES, SHOPS & SCHOOLS +
  • EASY ACCESS TO THE TOWN CENTRE & SEA FRONT +
  • SET IN A QUIET LOCATION IN THE POPULAR AREA OF "REDCAR EAST" +
  • DECEPTIVELY SPACIOUS WITH 2 RECEPTIONS ROOMS +
  • MODERN FITTED KITCHEN / DINER LEADING TO THE REAR GARDENS +
  • DETACHED GARAGE TOGETHER WITH DRIVE FOR AMPLE OFF STREET PARKING +
  • AVAILABLE WITH NO ONWARD CHAIN WITH IMMEDIATE VACANT POSSESSION +
  • IN NEED OF SOME MONOR COSMETIC UPGRADING +
  • OFFERING HUGE POTENTIAL TO DEVELOP FURTHER (SUBJECT TO USUAL PLANNING CONSENTS) +

ALL MEASUREMENTS ARE APPROXIMATE

Entrance Porch:
Brick and hard wood double glazed door. Door to Entrance Hall.

Entrance Hall:
2 x understairs cupboard. Laminate flooring.

Lounge:
4.32m (to bay) x 3.72m. Gas coal effect fireplace with a Mahogany wood surround and a marble inset and hearth.

2nd Reception Room:
4.46m (to bay) x 3.49m. Gas coal effect fireplace with a feature wood surround and a marble inset and hearth. Open arch to kitchen. Views across the rear gardens.

Modern Fitted Kitchen / Diner:
6.18m x 2.06m. Stainless steel 1 1/2 inset sink unit with mixer taps. Cappuccino high gloss units with bar handles, wood effect worktops and laminate clad surround. Integrated gas hob, electric eye-level double oven and grill with chrome wall mounted extractor hood, laminate flooring and a UPVC double glazed door leading to the rear gardens.

FIRST FLOOR

Landing Area

Bedroom 1:
4.36m (to bay) x 2.92m. Full wall of fitted wardrobes with sliding doors.

Bedroom 2:
3.67m x 2.88m. Overlooking rear garden. Full wall of sliding fitted wardrobes.

Bedroom 3:
2.18m x 1.96m. Double sliding fitted mirrored wardrobes.

Bathroom / WC:
1.93m x 1.94m. Fully tiled, white suite, chrome heated towel rail, mains fed shower with a curtain, toilet and sink in vanity, ceiling spotlights, ceramic tiled flooring and a loft access hatch.

EXTERNALLY

Front Garden:
Lawn with a wall surround, borders, trees and shrubs.

Rear Garden:
2 x Lawn with borders, trees, shrubs and patio area.

Driveway:
For up to 4 vehicles.

Garage:
Detached, power and light, up and over door.

Agent Details

Parker Stag Ltd, Redcar

01642 056286

Next Steps?

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

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