4 Bed Detached House, Single Let, Middlesbrough, TS5 5QL, £175,000

22 Cornfield Road, Middlesbrough, TS5 5QL - 3 views - a year ago

Sold STC
BTL
~139 m²
+1 photos

ValuationUndervalued

Sold Prices£66.5K - £470K
Sold Prices/m²£612/m² - £2.9K/m²

 

 

Square Metres

~139 m²
Price/m²£1.3K/m²

Value Estimate

£218,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£412 - £1,600

Rent Estimate

£428

Running Costs/mo

£652

Cashflow/mo

£-224

Cashflow/yr

£-2,694

Gross Yield

3%

Local Sold Prices

52 sold prices from £66.5K to £470K, average is £179K. £612/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£162K01/210.13 mi6, Windsor Road, Middlesbrough TS5 6DR4
£150K10/210.19 mi11, Cambridge Road, Linthorpe, Middlesbrough TS5 5ND4
£299K09/230.19 mi74, The Avenue, Middlesbrough TS5 6SB4
£164.9K08/230.2 mi7, Queens Road, Middlesbrough TS5 6EF4
£200K04/210.21 mi14, Sycamore Road, Middlesbrough TS5 6RA4
£136K09/210.22 mi30, Devonshire Road, Middlesbrough TS5 6DP4
£306K06/210.23 mi29, Sycamore Road, Middlesbrough TS5 6QX4
£290K06/210.23 mi11a, Sycamore Road, Middlesbrough TS5 6QX4
£269K12/200.23 mi3, Mayberry Grove, Middlesbrough TS5 5PU4
£200K03/240.24 mi47, Oxford Road, Middlesbrough TS5 5DY4
£198K03/210.25 mi10, Westwood Avenue, Middlesbrough TS5 5PY4
£280K07/230.26 mi17, Westwood Avenue, Middlesbrough TS5 5PX4
£240K04/210.26 mi11, Limes Road, Middlesbrough TS5 6RQ4
£300K11/200.27 mi7, Hawnby Road, Middlesbrough TS5 7QS4
£145K11/210.3 mi25, Canterbury Grove, Middlesbrough TS5 6NS4
£122K08/210.3 mi7, Canterbury Grove, Middlesbrough TS5 6NS4
£140K04/240.35 mi16, Belle Vue Road, Middlesbrough TS5 5AQ4
£470K08/220.35 mi28, Green Lane, Middlesbrough TS5 7RL4
£361K01/210.37 mi7, Thackeray Grove, Middlesbrough TS5 7QY4
£190K02/210.38 mi59, Emerson Avenue, Middlesbrough TS5 7QJ4
£215K11/210.38 mi69, Emerson Avenue, Middlesbrough TS5 7QJ4
£162.5K08/230.39 mi4, Greenwood Avenue, Middlesbrough TS5 7RW4
£162.5K08/230.39 mi4, Greenwood Avenue, Middlesbrough TS5 7RW4
£193K02/230.44 mi105, Thornfield Road, Middlesbrough TS5 5BZ4
£160K07/210.49 mi15, Maddren Way, Middlesbrough TS5 5BB4
£180K06/210.49 mi16, Maddren Way, Middlesbrough TS5 5BB4
£170K05/240.49 mi2, Maddren Way, Middlesbrough TS5 5BB4
£175K02/240.53 mi134, Oxford Road, Middlesbrough TS5 5EL4
£215K07/230.53 mi108, Oxford Road, Middlesbrough TS5 5EL4
£290K03/230.54 mi101, Oxford Road, Middlesbrough TS5 5EA4
£119K01/210.55 mi75, Kensington Road, Middlesbrough TS5 6AJ4
£85K01/230.55 mi33, Kensington Road, Middlesbrough TS5 6AJ4
£165K02/210.55 mi40, Thornfield Grove, Middlesbrough TS5 5LQ4
£230K09/210.55 mi10, Barker Road, Middlesbrough TS5 5ES4
£99K11/210.58 mi46, Holmwood Avenue, Middlesbrough TS4 3LF4
£66.5K02/210.61 mi18, Oxford Street, Middlesbrough TS1 4NN4
£235K03/240.62 mi9, Wycherley Avenue, Middlesbrough TS5 5HH4
£130K12/230.64 mi44, Clough Close, Middlesbrough TS5 5DW4
£100K01/240.65 mi2, Keith Road, Middlesbrough TS4 2XA4
£75K02/230.66 mi81, Costa Street, Middlesbrough TS1 4PJ4
£180K10/210.73 mi20, Britain Avenue, Middlesbrough TS5 7AT4
£200K11/200.73 mi47, Reeth Road, Middlesbrough TS5 5JU4
£100K04/240.74 mi9, Hardwick Avenue, Middlesbrough TS5 7AS4
£115K08/230.79 mi20, Grassington Road, Middlesbrough TS4 3ET4
£248K08/230.81 mi9, Braemar Road, Middlesbrough TS5 5HU4
£248K08/230.81 mi9, Braemar Road, Middlesbrough TS5 5HU4
£150K11/230.84 mi2, Embsay Close, Middlesbrough TS4 3DG4
£302K05/230.85 mi122, Hall Drive, Middlesbrough TS5 7HT4
£164K11/200.87 mi5, Ceremony Wynd, Middlesbrough TS4 2WG4
£178K08/210.88 mi10, Ullswater Avenue, Middlesbrough TS5 7DR4
£215K03/230.94 mi39, Speeton Avenue, Middlesbrough TS5 7JH4
£140K06/210.96 mi31, Croydon Road, Middlesbrough TS1 3HQ4

Local Rents

22 rents from £412/mo to £1.6K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£76509/240.05 mi-3
£88010/240.16 mi-3
£57502/240.19 mi-3
£74502/250.2 mi-3
£80002/240.23 mi-3
£75004/250.25 mi-3
£75004/250.25 mi-3
£85010/240.26 mi-3
£1,05003/250.3 mi-3
£85010/240.37 mi-3
£85003/250.39 mi-3
£74503/250.4 mi-3
£69502/250.41 mi-3
£1,00004/250.42 mi-4
£1,60010/240.46 mi-5
£85003/250.51 mi-3
£41210/240.6 miAyresome Street, Middlesbrough6
£80010/240.6 mi-3
£54210/240.6 miOxford Street, Middlesbrough, TS14
£41210/240.6 miWorcester Street, Middlesbrough4
£82510/240.61 miClough Close, Middlesbrough3
£80004/250.62 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.09 miles away

Nearest school

0.20 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £175,000

October 25, 2023

Sold for £102,000

2001

Floor Plans

Description

SMITH AND FRIENDS offer for sale this four bedroom property which will be SOLD WITH A SITTING TENANT PAYING £825PCM. If you are a landlord and looking to start a portfolio or add to your portfolio this property would be the perfect investment. The spacious living accommodation briefly comprises; entrance hall with stairs to the first floor, two large living rooms, kitchen, separate useful utility room and ground floor wet room. To the first floor landing there are four bedrooms and family bathroom/WC. Externally there is gated access so the property has its own privacy and space for multiple cars. There is also an enclosed rear garden with artificial turf and access to public path at the side of the property. For further information on the sitting tenants or to arrange a viewing please call Smith and Friends Middlesbrough office.

Agent Details

Smith & Friends Estate Agents, Middlesbrough

01642 056930

Next Steps?

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