3 Bed Semi-Detached House, Refurb/BRRR, Redcar, TS10 4AJ, £180,000

Malvern Avenue, Redcar, North Yorkshire, TS10 4AJ - 5 views - 2 months ago

Refurb/BRRR
ROI: 8%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£63.5K - £235K
Sold Prices/m²£1.1K/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£138,393

 

 

End Value (After Refurb)

£175,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£35,687

Bridging Loan Interest

£4,725

Total Cash In

£93,762

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,000

Mortgage (After Refinance)

£131,250

Mortgage LTV

75%

Cash Left In

£93,762

Equity

£43,750

Rent Range

£575 - £3,300

Rent Estimate

£1,499

Running Costs/mo

£867

Cashflow/mo

£632

Cashflow/yr

£7,588

ROI

8%

Gross Yield

10%

Local Sold Prices

52 sold prices from £63.5K to £235K, average is £140K. £1.1K/m² to £2.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£182K11/200.03 mi150, Roseberry Road, Redcar, Redcar And Cleveland TS10 4AW3
£140K01/210.04 mi21, Chiltern Avenue, Redcar, Redcar And Cleveland TS10 4AL3
£161K11/210.08 mi38, Brecon Drive, Redcar, Redcar And Cleveland TS10 4EY3
£154K02/210.1 mi43, Cotswold Drive, Redcar, Redcar And Cleveland TS10 4AH3
£161.5K11/230.1 mi45, Cotswold Drive, Redcar, Redcar And Cleveland TS10 4AH3
£145K04/210.15 mi11, Hambleton Avenue, Redcar, Redcar And Cleveland TS10 4GX3
£172K08/230.15 mi29, Hambleton Avenue, Redcar, Redcar And Cleveland TS10 4GX3
£132.5K10/200.15 mi5, Falmouth Close, Redcar, Redcar And Cleveland TS10 4GQ3
£175K06/210.17 mi9, Cotswold Drive, Redcar, Redcar And Cleveland TS10 4AD3
£170K02/240.18 mi5, Cambrian Avenue, Redcar, Redcar And Cleveland TS10 4HF3
£185K06/230.22 mi16, Hambleton Avenue, Redcar, Redcar And Cleveland TS10 4HQ3
£140K01/210.24 mi99, Mersey Road, Redcar, Redcar And Cleveland TS10 4FA3
£147.5K04/230.27 mi8, Staintondale Avenue, Redcar, Redcar And Cleveland TS10 5JD3
£136K04/230.27 mi13, Staintondale Avenue, Redcar, Redcar And Cleveland TS10 5HZ3
£115K09/230.27 mi27, Staintondale Avenue, Redcar, Redcar And Cleveland TS10 5HZ3
£115K09/230.27 mi27, Staintondale Avenue, Redcar, Redcar And Cleveland TS10 5HZ3
£150K06/230.29 mi7, Welland Road, Redcar, Redcar And Cleveland TS10 1NR3
£177K01/210.29 mi140a, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DD3
£175K07/210.29 mi136, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DD3
£166K10/210.29 mi104, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DD3
£134K01/240.3 mi13, Bilsdale Avenue, Redcar, Redcar And Cleveland TS10 5DJ3
£175K07/210.3 mi4, Southwold Close, Redcar, Redcar And Cleveland TS10 4GB3
£120K12/200.31 mi22, Sandsend Road, Redcar, Redcar And Cleveland TS10 5DQ3
£130.5K03/230.31 mi75, Sandsend Road, Redcar, Redcar And Cleveland TS10 5DQ3
£63.5K03/240.32 mi8, Hardale Grove, Redcar, Redcar And Cleveland TS10 5JG3
£162K11/210.33 mi4, Newquay Drive, Redcar, Redcar And Cleveland TS10 4GL3
£235K02/230.35 mi45, Mersey Road, Redcar, Redcar And Cleveland TS10 1NH3
£188.9K10/230.35 mi43, Mersey Road, Redcar, Redcar And Cleveland TS10 1NH3
£140K02/230.36 mi72, Troutbeck Road, Redcar, Redcar And Cleveland TS10 1NQ3
£113K04/210.36 mi15, Calder Grove, Redcar, Redcar And Cleveland TS10 1NA3
£168K12/230.36 mi15, Trent Road, Redcar, Redcar And Cleveland TS10 1NJ3
£90K12/230.36 mi13, Kildale Grove, Redcar, Redcar And Cleveland TS10 5DL3
£139.9K04/240.36 mi3, North Fen, Redcar, Redcar And Cleveland TS10 4RU3
£115K06/210.36 mi2, Wheeldale Avenue, Redcar, Redcar And Cleveland TS10 5HF3
£127K09/230.38 mi8, Low Fold, Redcar, Redcar And Cleveland TS10 4DU3
£127K09/230.38 mi8, Low Fold, Redcar, Redcar And Cleveland TS10 4DU3
£153K04/230.39 mi1, St Albans Close, Redcar, Redcar And Cleveland TS10 4SU3
£137.5K02/230.4 mi14, Sandsend Road, Redcar, Redcar And Cleveland TS10 5DG3
£190K03/230.4 mi4, Yew Tree Avenue, Redcar, Redcar And Cleveland TS10 4QG3
£138K04/210.41 mi49, Buttermere Road, Redcar, Redcar And Cleveland TS10 1NB3
£84K09/210.41 mi58, Buttermere Road, Redcar, Redcar And Cleveland TS10 1NB3
£120K12/230.42 mi12, Fir Grove, Redcar, Redcar And Cleveland TS10 4QH3
£122K04/240.42 mi8, Bennison Crescent, Redcar, Redcar And Cleveland TS10 5HB3
£138K01/240.42 mi13, Tweed Road, Redcar, Redcar And Cleveland TS10 1PS3
£185K04/240.43 mi61, Westmorland Road, Redcar, Redcar And Cleveland TS10 4BP3
£102K11/200.43 mi13, Tyne Road, Redcar, Redcar And Cleveland TS10 1PY3
£85K11/200.43 mi70, Tyne Road, Redcar, Redcar And Cleveland TS10 1PZ3
£110K08/210.43 mi16, Lingdale Grove, Redcar, Redcar And Cleveland TS10 5HS3
£128K08/230.43 mi55, Thames Road, Redcar, Redcar And Cleveland TS10 1PW3
£125K11/200.44 mi58, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DE3
£232K12/200.44 mi70, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DE3
£140K09/210.44 mi82, Kirkleatham Lane, Redcar, Redcar And Cleveland TS10 5DE3

Local Rents

41 rents from £575/mo to £3.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00007/230.31 mi-3
£1,10009/240.31 mi-3
£85010/240.39 mi-3
£95010/240.42 miPrimrose Road, Redcar, North Yorkshire, TS103
£65012/240.47 mi-3
£60007/230.52 mi-3
£72510/240.53 mi-3
£2,10010/240.76 mi-3
£1,70003/250.76 mi-3
£2,30011/240.76 mi-3
£58503/250.84 mi-3
£57510/240.86 mi-3
£60001/250.86 mi-3
£57510/240.86 miThe Fleet, Redcar, TS103
£78510/240.96 mi-3
£2,30009/241 mi-3
£3,30010/241 mi-3
£2,30001/251 mi-3
£2,30001/251 mi-3
£2,10010/241 mi-3
£2,30011/241 mi-3
£3,00012/241 mi-3
£2,10010/241.01 mi-3
£2,30001/251.01 mi-3
£3,10011/241.01 mi-3
£2,25001/251.01 mi-3
£2,30001/251.01 mi-3
£80010/241.02 miLumley Road, Redcar, North Yorkshire, TS103
£2,10010/241.03 mi-3
£2,30002/251.03 mi-3
£2,30001/251.03 mi-3
£69510/241.03 miSoppett Street, Redcar, North Yorkshire, TS103
£65010/241.03 mi-3
£65008/241.03 mi-3
£70010/241.04 miCoatham Road, Redcar, North Yorkshire, TS103
£2,16703/251.05 mi-3
£2,16703/251.06 mi-3
£89512/241.06 mi-3
£60004/251.1 mi-3
£66010/241.17 mi-3
£59510/241.17 miRegency Mews, Redcar, North Yorkshire, TS103

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

0.37 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+100%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £180,000

February 27, 2025

Floor Plans

Description

  • uPVC double glazing +
  • Gas central heating +
  • 2 Reception rooms +
  • Front and rear gardens +
  • Garage +
  • Driveway +
  • No chain +

3 Bedroomed family home situated in rarely available sought after location, within easy reach of local schools, shops and transport links. In need of some refurbishment throughout and offered for sale with no forward chain. Property benefits from 2 reception rooms, front and rear gardens along with double length driveway leading to detached garage.

Detailed Accommodation: Malvern Avenue, Redcar

Entrance Hall: uPVC double glazed door, front access, uPVC double glazed window, front aspect, radiator, under stair storage, Leading into Lounge and staircase.

Lounge: 16'8" x 12'2" (5.08m x 3.72m) uPVC double glazed window, front aspect, feature fireplace incorporating coal effect fire, decorative coving, radiator, double doors leading into Dining Room.

Dining Room: 9'8" x 8'5" (2.95m x 2.58m) uPVC double glazed window, rear aspect, decorative coving, radiator, open plan into Kitchen.

Kitchen: 11'5" x 8'9" (3.49m x 2.68m) uPVC double glazed window, rear aspect, range of wall, floor and drawer units, cooker point, tiled splashback, plumbing for washing machine, uPVC double glazed door, side access onto Driveway.

Landing: uPVC double glazed window, side aspect, airing cupboard, loft hatch, leads to Bedrooms, Bathroom and W/c.

Bedroom One:11'10" x 12' (3.62m x 3.68m) uPVC double glazed window, front aspect, fitted wardrobes, radiator.

Bedroom Two: 12'3" x 10'4" (3.74m x 3.15m) uPVC double glazed window, rear aspect, fitted wardrobes, radiator.

Bedroom Three: 9'9" x 7' (2.98m x 2.14m) uPVC double glazed window, front aspect, radiator.

Bathroom: uPVC double glazed frosted window, rear aspect, wash hand basin, panelled bath, tiled surround, radiator.

W/c: uPVC double glazed window, side aspect, low level W/c.

Front Garden: Mainly laid with gravel, bordered with plants and shrubs.

Rear Garden: Paved patio leading from house, then mainly laid to lawn, bordered with small plants and shrubs.

Driveway: Double length hardstanding Driveway leading to Garage.

Garage: Single detached Garage with roller shutter door.

Council tax band:C

Agents notes:

Services: All descriptions of any appliances of service should not be relied upon that there are in good working order. The buyer should obtain verification from there solicitor or other qualified person before entering into any commitment on the property.

Measurements: All measurements are approximate and should not be relied upon. Should you require more accurate measurements this can be arranged through our office.

Description: Dimensions, descriptions, necessary permission and other details are given without responsibility any intending purchaser must satisfy themselves by inspection or otherwise as to the accuracy of them.

No person in the employment of kings estate agents has an authority to make
or give representation or warranty in relation to this property.

Agent Details

Kings Estate Agents, Redcar

01642 056330

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.