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3 Bed Semi-Detached House, Refurb/BRRR, Redcar, TS10 1LP, £139,950

Haweswater Road, Redcar, TS10 1LP - 2 months ago

Refurb/BRRR
ROI: 14%
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£84K - £235K
Sold Prices/m²£959/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£135,801

 

 

End Value (After Refurb)

£135,801

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£8,497

Refurb Costs

£35,687

Bridging Loan Interest

£3,674

Total Cash In

£84,595

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,801

Mortgage (After Refinance)

£101,851

Mortgage LTV

75%

Cash Left In

£84,595

Equity

£33,950

Rent Range

£650 - £3,300

Rent Estimate

£1,796

Running Costs/mo

£804

Cashflow/mo

£992

Cashflow/yr

£11,909

ROI

14%

Gross Yield

15%

Local Sold Prices

52 sold prices from £84K to £235K, average is £130K. £959/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£130K04/230.09 mi4, Buttermere Road, Redcar, Redcar And Cleveland TS10 1LN3
£138K04/210.09 mi49, Buttermere Road, Redcar, Redcar And Cleveland TS10 1NB3
£84K09/210.09 mi58, Buttermere Road, Redcar, Redcar And Cleveland TS10 1NB3
£112K05/230.1 mi33, Tees Road, Redcar, Redcar And Cleveland TS10 1QD3
£125K09/230.1 mi47, Tees Road, Redcar, Redcar And Cleveland TS10 1QD3
£125K09/230.1 mi47, Tees Road, Redcar, Redcar And Cleveland TS10 1QD3
£155K04/240.1 mi15, Tees Road, Redcar, Redcar And Cleveland TS10 1QD3
£113K04/210.12 mi15, Calder Grove, Redcar, Redcar And Cleveland TS10 1NA3
£125K06/210.12 mi8, Tees Road, Redcar, Redcar And Cleveland TS10 1QB3
£160K06/230.12 mi40, Tees Road, Redcar, Redcar And Cleveland TS10 1QB3
£235K02/230.13 mi45, Mersey Road, Redcar, Redcar And Cleveland TS10 1NH3
£188.9K10/230.13 mi43, Mersey Road, Redcar, Redcar And Cleveland TS10 1NH3
£170K11/230.13 mi1, Thirlmere Road, Redcar, Redcar And Cleveland TS10 1LJ3
£140K02/230.14 mi72, Troutbeck Road, Redcar, Redcar And Cleveland TS10 1NQ3
£85K11/200.14 mi70, Tyne Road, Redcar, Redcar And Cleveland TS10 1PZ3
£168K12/230.15 mi15, Trent Road, Redcar, Redcar And Cleveland TS10 1NJ3
£105K12/200.15 mi28, Windermere Avenue, Redcar, Redcar And Cleveland TS10 1LE3
£148K12/220.15 mi32, Windermere Avenue, Redcar, Redcar And Cleveland TS10 1LE3
£105K10/200.15 mi58, Troutbeck Road, Redcar, Redcar And Cleveland TS10 1NG3
£102K11/200.16 mi13, Tyne Road, Redcar, Redcar And Cleveland TS10 1PY3
£139.9K04/240.17 mi3, North Fen, Redcar, Redcar And Cleveland TS10 4RU3
£145K02/230.19 mi90, Thames Road, Redcar, Redcar And Cleveland TS10 1PU3
£138K01/240.19 mi13, Tweed Road, Redcar, Redcar And Cleveland TS10 1PS3
£127K09/230.21 mi8, Low Fold, Redcar, Redcar And Cleveland TS10 4DU3
£127K09/230.21 mi8, Low Fold, Redcar, Redcar And Cleveland TS10 4DU3
£123.5K11/230.22 mi12, Hawkshead Road, Redcar, Redcar And Cleveland TS10 1JY3
£150K04/230.22 mi24, Troutbeck Road, Redcar, Redcar And Cleveland TS10 1JX3
£123.5K10/210.25 mi12, Rydal Avenue, Redcar, Redcar And Cleveland TS10 1HY3
£127.5K08/210.25 mi50, Ambleside Avenue, Redcar, Redcar And Cleveland TS10 4JW3
£140K01/210.25 mi99, Mersey Road, Redcar, Redcar And Cleveland TS10 4FA3
£128K10/230.26 mi25, Lucerne Road, Redcar, Redcar And Cleveland TS10 1JJ3
£120K03/210.26 mi34, Thames Road, Redcar, Redcar And Cleveland TS10 1PP3
£120K01/240.26 mi14, Thames Road, Redcar, Redcar And Cleveland TS10 1PP3
£142.5K01/210.26 mi30, Forth Road, Redcar, Redcar And Cleveland TS10 1PN3
£196K11/210.26 mi24, Forth Road, Redcar, Redcar And Cleveland TS10 1PN3
£130K06/230.27 mi80, Brooksbank Avenue, Redcar, Redcar And Cleveland TS10 1HS3
£130K09/230.27 mi12, Brooksbank Avenue, Redcar, Redcar And Cleveland TS10 1HS3
£128K08/230.27 mi55, Thames Road, Redcar, Redcar And Cleveland TS10 1PW3
£135K03/240.29 mi5, Ontario Crescent, Redcar, Redcar And Cleveland TS10 1JR3
£155K12/200.29 mi41, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 1NT3
£150K06/230.3 mi7, Welland Road, Redcar, Redcar And Cleveland TS10 1NR3
£175K06/210.31 mi9, Cotswold Drive, Redcar, Redcar And Cleveland TS10 4AD3
£93K09/210.32 mi74, Westfield Avenue, Redcar, Redcar And Cleveland TS10 1HG3
£165K12/200.32 mi1, Derwent Road, Redcar, Redcar And Cleveland TS10 1PD3
£125K11/200.33 mi58, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DE3
£232K12/200.33 mi70, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DE3
£140K09/210.33 mi82, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DE3
£100K01/210.33 mi8, Semmerwater Grove, Redcar, Redcar And Cleveland TS10 1JG3
£118K03/210.33 mi4, Semmerwater Grove, Redcar, Redcar And Cleveland TS10 1JG3
£96.5K01/210.33 mi8, Ambleside Avenue, Redcar, Redcar And Cleveland TS10 4JL3
£160K12/200.34 mi130, West Dyke Road, Redcar, Durham TS10 1JH3
£213K10/230.34 mi128, West Dyke Road, Redcar, Redcar And Cleveland TS10 1JH3

Local Rents

26 rents from £650/mo to £3.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£72510/240.14 mi-3
£85010/240.47 mi-3
£78510/240.49 mi-3
£65012/240.5 mi-3
£2,30009/240.53 mi-3
£3,30010/240.53 mi-3
£2,30002/250.53 mi-3
£2,30002/250.53 mi-3
£2,10010/240.54 mi-3
£2,30011/240.54 mi-3
£3,00001/250.54 mi-3
£2,10010/240.56 mi-3
£2,30001/250.56 mi-3
£3,10011/240.56 mi-3
£2,25001/250.56 mi-3
£2,30002/250.56 mi-3
£65010/240.57 mi-3
£65008/240.57 mi-3
£69510/240.57 miSoppett Street, Redcar, North Yorkshire, TS103
£2,10010/240.57 mi-3
£2,30002/250.57 mi-3
£2,30001/250.57 mi-3
£70010/240.58 miCoatham Road, Redcar, North Yorkshire, TS103
£80010/240.6 miLumley Road, Redcar, North Yorkshire, TS103
£2,16703/250.6 mi-3
£2,16703/250.61 mi-3

Links

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

0.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+100%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £139,950

February 12, 2025

Floor Plans

Description

  • Three Bedroom Semi Detached Property +
  • Popular Lakes Location +
  • Fantastic Spacious Property Spanning Approximately 1,500 Sq. Ft +
  • Requires Modernisation +
  • Loft/Storage Room with Fixed Staircase +
  • Garage +
  • South Facing Rear Garden +
  • No Chain Sale +

Offered for sale with no chain, this brilliant spacious family home spans an impressive 1,500 sq. ft. Requiring modernisation however benefits from a combi boiler and UPVC windows. Excellent for local amenities, schooling and transport links Early viewing is advised.

Mains Utilities
Gas Central Heating
Mains Sewerage
No Known Flooding Risk
No Known Legal Obligations
Standard Broadband & Mobile Signal
No Known Rights of Way

Tenure - Freehold

Council Tax Band B

Agent Details

Michael Poole, Redcar

01642 937741

Next Steps?

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

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