3 Bed Semi-Detached House, Refurb/BRRR, Redcar, TS10 3AU, £80,000

14 The Crescent, Redcar, TS10 3AU - 4 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 20%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£60K - £234K
Sold Prices/m²£667/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£82,400
BMV3%

 

 

End Value (After Refurb)

£151,662

Uplift in Value

+90%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£35,687

Bridging Loan Interest

£2,100

Total Cash In

£64,737

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£151,662

Agent Fees (1%)

£1,517

Bridging Loan

£60,000

Bridging Loan Interest

£2,100

Flip Profit

£25,408

Local Sold Prices

51 sold prices from £60K to £234K, average is £145K. £667/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£133K06/230.03 mi57, Lime Road, Redcar, Redcar And Cleveland TS10 3NF3
£108.1K02/210.12 mi43, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LT3
£137.5K05/210.12 mi27, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LT3
£125K07/230.12 mi5, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LT3
£158K11/230.12 mi2, Lime Road, Redcar, Redcar And Cleveland TS10 3BD3
£119.5K03/230.13 mi96, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LR3
£137K08/210.14 mi26, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LP3
£126K08/230.14 mi52, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LP3
£106K05/210.14 mi4, Beech Avenue, Redcar, Redcar And Cleveland TS10 3BG3
£85K11/210.14 mi13, Beech Avenue, Redcar, Redcar And Cleveland TS10 3BG3
£125K05/240.14 mi4, Beech Avenue, Redcar, Redcar And Cleveland TS10 3BG3
£129.9K05/210.15 mi82, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LR3
£134K11/230.15 mi88, Laburnum Road, Redcar, Redcar And Cleveland TS10 3LR3
£145K05/230.16 mi38, Park Avenue, Redcar, Redcar And Cleveland TS10 3LD3
£135.9K11/210.17 mi17, Stanley Grove, Redcar, Redcar And Cleveland TS10 3LN3
£181.3K07/210.17 mi1, Ings Road, Redcar, Redcar And Cleveland TS10 2DD3
£102K06/210.17 mi7, Ings Road, Redcar, Redcar And Cleveland TS10 2DD3
£218K04/230.17 mi57, Ings Road, Redcar, Redcar And Cleveland TS10 2DD3
£120K02/230.2 mi13, Stanley Grove, Redcar, Redcar And Cleveland TS10 3LF3
£120K12/200.2 mi24, Ings Road, Redcar, Redcar And Cleveland TS10 2DL3
£165K04/240.22 mi49, Park Avenue, Redcar, Redcar And Cleveland TS10 3LJ3
£127K01/210.22 mi12, The Furlongs, Redcar, Redcar And Cleveland TS10 2EB3
£175K03/210.22 mi129, Ings Road, Redcar, Redcar And Cleveland TS10 2DE3
£155K04/230.22 mi115, Ings Road, Redcar, Redcar And Cleveland TS10 2DE3
£234K09/230.24 mi29, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DG3
£165K07/210.25 mi3, St Peters Grove, Redcar, Redcar And Cleveland TS10 2DP3
£157.5K07/230.25 mi19, Hawthorn Road, Redcar, Redcar And Cleveland TS10 3PA3
£60K06/210.26 mi38, William Street, Redcar, Redcar And Cleveland TS10 3BS3
£103K12/220.26 mi3, Olliver Street, Redcar, Redcar And Cleveland TS10 2AY3
£212K06/230.27 mi5, Hawthorn Road, Redcar, Redcar And Cleveland TS10 3NU3
£132.5K11/210.28 mi6, St Johns Grove, Redcar, Redcar And Cleveland TS10 2DS3
£185K11/210.29 mi27, Wardman Crescent, Redcar, Redcar And Cleveland TS10 2DQ3
£172.5K01/230.3 mi11, Aske Road, Redcar, Redcar And Cleveland TS10 2BS3
£64K07/210.31 mi38, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG3
£123.5K10/210.31 mi50, Lumley Road, Redcar, Redcar And Cleveland TS10 2BG3
£137K06/210.31 mi36, Oak Road, Redcar, Redcar And Cleveland TS10 3NT3
£205K09/230.31 mi41, Oak Road, Redcar, Redcar And Cleveland TS10 3NT3
£205K09/230.31 mi41, Oak Road, Redcar, Redcar And Cleveland TS10 3NT3
£133K11/210.33 mi3, Malcolm Grove, Redcar, Redcar And Cleveland TS10 2DJ3
£190K11/210.33 mi20, Queensland Avenue, Redcar, Redcar And Cleveland TS10 2DT3
£176K02/230.33 mi51, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£148K11/200.34 mi1, Victoria Avenue, Redcar, Redcar And Cleveland TS10 2DX3
£150K11/210.34 mi4, Victoria Avenue, Redcar, Redcar And Cleveland TS10 2DX3
£180K03/230.34 mi4, Victoria Avenue, Redcar, Redcar And Cleveland TS10 2DX3
£83K08/230.34 mi46, Muriel Street, Redcar, Redcar And Cleveland TS10 3JB3
£215K03/230.35 mi64, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£230K04/230.35 mi65, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£215K08/230.35 mi62, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£200K10/230.35 mi70, Greenlands Road, Redcar, Redcar And Cleveland TS10 2DH3
£152K03/240.35 mi210, Laburnum Road, Redcar, Redcar And Cleveland TS10 3PF3
£169K06/230.36 mi15, Walnut Grove, Redcar, Redcar And Cleveland TS10 3PG3

Local Rents

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

RentDateDistanceAddressBeds 
£80010/240.36 miLumley Road, Redcar, North Yorkshire, TS103
£2,10010/240.46 mi-3
£2,30002/250.46 mi-3
£2,30001/250.46 mi-3
£69510/240.47 miSoppett Street, Redcar, North Yorkshire, TS103
£2,10010/240.48 mi-3
£2,30001/250.48 mi-3
£3,10011/240.48 mi-3
£2,25001/250.48 mi-3
£2,30001/250.48 mi-3
£65010/240.52 mi-3
£65008/240.52 mi-3
£2,10010/240.53 mi-3
£2,30011/240.53 mi-3
£3,00012/240.53 mi-3
£2,30009/240.56 mi-3
£3,30010/240.56 mi-3
£2,30001/250.56 mi-3
£2,30001/250.56 mi-3
£90010/240.57 mi-3

Local Area Statistics

Population in TS10

36,800

Population in Redcar

48,622

Town centre distance

0.96 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+100%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £80,000

February 27, 2025

Description

  • RENOVATION PROJECT +
  • THREE BEDROOM +
  • SEMI-DETACHED +
  • FANTASTIC LOCATION +
  • TWO MINUTE WALK TO REDCAR SEA FRONT +
  • DRIVEWAY & GARAGE +
  • RENOVATORS PARADISE +
  • SOLD AS SEEN +

Fantastic opportunity to bring this amazing property back to its former glory! Just a stones throw away from Redcar sea front! Located on The Crescent TS10 book your viewing today !

Hallway - Entering from the front aspect into a large hallway which gains access to the reception room, dining room, kitchen and first floor.

Reception Room - The reception room is large in space benefiting from a bay window, fire surround and radiator.

Dining Room - The dining room is to the rear aspect and provides the space needed for a large dining table. This room also benefits from a bay window, fire surround and radiator

Kitchen - The kitchen is in need of complete renovation and currently has an array of light wall, base and drawer units with a window to the side aspect and door which leads to the rear garden.

Landing - The landing gains access to the three spacious bedrooms, bathroom and toilet whilst also benefiting from a window to the side aspect and overstair storage cupboard

Bedroom One - The first bedroom is to the front aspect of the property and provides the space for a double bed and larger storage units with ease. The room is filled with natural sunlight from the large bay window and has a feature fire surround to add character.

Bedroom Two - The second bedroom set to the rear of the property benefits from a bay window and the space needed for a double bed and larger storage units.

Bedroom Three - The third bedroom although the smallest of the three comfortably fits a single bed and smaller storage units with a window to the front aspect.

Bathroom - The bathroom is also in need of renewal and currently comprises a two-piece suite which includes a paneled bath and hand basin with a fronted window to the rear aspect.

External - The property offers a small front garden with a large driveway which leads to the garage. To the rear is a grassed garden with trees perfect for summer days.

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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