2 Bed Terraced House, Potential PLO/LOA, Middlesbrough, TS3 6PD, £65,000
6 Sadberge Street, Middlesbrough, TS3 6PD - 11 views - 2 years ago
BTL
Negative Equity
ROI: 11%
68 m²
ValuationFair Value
History
Listed for £65,000
-15%
December 20, 2021
Sold for £75,000
2007
Floor Plans
Description
Ready Made Buy to Let Investment Terraced Property with Two Double Bedrooms +
Can Come Complete with a Long Term Trusted Existing Tenant +
UPVC Double Glazed Windows & Exterior Doors +
Central Heating with a Baxi Combi Boiler Retiled Main Roof 25ft Through Lounge/Diner +
Kitchen with Light Oak Style Units +
Ground Floor Bathroom +
This 'Ready Made' buy-to-let two bedroom inner terrace rental property can come complete with a trusted, long term existing tenant who would very much like to stay.
It has UPVC double glazed windows and exterior doors, central heating with a Baxi combi boiler and a retiled main roof.
Briefly, the accommodation comprises entrance hall, 25ft through lounge/dining room, kitchen, rear lobby, and ground floor bathroom. The first floor has two double bedrooms and there's a yard outside at the rear.
Tenure - Freehold
Council Tax Band A
Agent Details
Michael Poole, Middlesbrough
01642 049224
Next Steps?
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Stats
Population in TS3
29,185
Population in Middlesbrough
189,245
Town centre distance
1.49 miles away
Nearest school
0.10 miles away
Nearest train station
1.21 miles away
Rental demand
Landlord's market
Rental growth (12m)
-9%
Sales demand
Seller's market
Capital growth (5yrs)
+17%
Cashflows
Cash In
Deposit (25%)
£16,250
Stamp duty & legals
£3,150
Total cash in
£19,400
Cash Out
Rent range
£475 - £695
Rent estimate
£505
Running costs/mo
£324
Cashflow/mo
£181
Cashflow/yr
£2,172
ROI
11%
Gross yield
9%
Local Rents
10 rents
Rent
Date
Distance
Address
Beds
Type
£550
02/24
0.08 mi
Cadogan Street, North Ormesby, Middlesbrough, North Yorkshire, TS3