7 Bed HMO, Middlesbrough, TS1 4AD, £280,000

33 Borough Road, Middlesbrough, TS1 4AD - 15 views - a year ago

Sold STC

HMO

ROI: 13%

131 m²

+8 photos

ValuationOvervalued

Sold Prices	£66.5K - £185K
Sold Prices/m²	£612/m² - £1.7K/m²

Square Metres	131 m²
Price/m²	£2.1K/m²
Value Estimate	£145,372£145,372

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,100£11,100
Total Cash In	£81,100£81,100

Cash Out
Room Rate	£446£446
Gross Rent	£3,122
Running Costs/mo	£2,264£2,264
Cashflow/mo	£858£858
Cashflow/yr	£10,292£10,292
ROI	13%13%
Gross Yield	13%13%

Local Sold Prices

24 sold prices from £66.5K to £185K, average is £133K. £612/m² to £1.7K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£185K	06/23	0.11 mi	91a, Borough Road, Middlesbrough TS1 3AA	£1,729	107	4	Terraced House
£88K	09/23	0.42 mi	17, Myrtle Street, Middlesbrough TS1 3EB	£1,011	87	4	Terraced House
£120K	02/21	0.48 mi	222, Borough Road, Middlesbrough TS1 2EQ	£816	147	4	Terraced House
£66.5K	02/21	0.53 mi	18, Oxford Street, Middlesbrough TS1 4NN	£764	87	4	Terraced House
£120K	03/23	0.53 mi	172, Marton Road, Middlesbrough TS1 2ED	£930	129	4	Terraced House
£75K	02/23	0.58 mi	81, Costa Street, Middlesbrough TS1 4PJ	£915	82	4	Terraced House
£85K	01/23	0.58 mi	33, Kensington Road, Middlesbrough TS5 6AJ	£612	139	4	Terraced House
£119K	01/21	0.58 mi	75, Kensington Road, Middlesbrough TS5 6AJ	£730	163	4	Terraced House
£140K	06/21	0.59 mi	31, Croydon Road, Middlesbrough TS1 3HQ	-	-	4	Semi-Detached House
£140K	06/21	0.6 mi	31, Croydon Road, Middlesbrough TS1 3HQ	-	-	4	Semi-Detached House
£110K	03/21	0.66 mi	41, Lothian Road, Middlesbrough TS4 2HS	£733	150	4	Terraced House
£164K	11/20	0.73 mi	5, Ceremony Wynd, Middlesbrough TS4 2WG	£1,592	103	4	Detached House
£180K	06/21	0.76 mi	16, Maddren Way, Middlesbrough TS5 5BB	£1,654	109	4	Detached House
£170K	05/24	0.76 mi	2, Maddren Way, Middlesbrough TS5 5BB	£1,604	106	4	Terraced House
£160K	07/21	0.76 mi	15, Maddren Way, Middlesbrough TS5 5BB	£1,468	109	4	Detached House
£130K	12/23	0.78 mi	44, Clough Close, Middlesbrough TS5 5DW	-	-	4	Detached House
£122K	08/21	0.82 mi	7, Canterbury Grove, Middlesbrough TS5 6NS	£1,208	101	4	Terraced House
£145K	11/21	0.84 mi	25, Canterbury Grove, Middlesbrough TS5 6NS	£1,306	111	4	Semi-Detached House
£165K	10/22	0.91 mi	15, Roseberry Road, Middlesbrough TS4 2LH	-	-	4	Semi-Detached House
£115K	04/21	0.92 mi	10, Saltwater Court, Middlesbrough TS4 2AQ	£1,594	72	4	Semi-Detached House
£136K	09/21	0.96 mi	30, Devonshire Road, Middlesbrough TS5 6DP	-	-	4	Terraced House
£110K	05/23	0.98 mi	75, Westbourne Grove, North Ormesby, Middlesbrough TS3 6EE	£880	125	4	Terraced House
£164.9K	08/23	0.98 mi	7, Queens Road, Middlesbrough TS5 6EF	£1,363	121	4	Terraced House
£162K	01/21	0.99 mi	6, Windsor Road, Middlesbrough TS5 6DR	-	-	4	Terraced House

Local Area Statistics

Population in TS1	16,98416,984
Population in Middlesbrough	189,245189,245
Town centre distance	2.42 miles away2.42 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+32%+32%

Property History

Listed for £280,000

January 15, 2024

Floor Plans

Description

EPC RATING 'C' - 78/87 +

AN ANNUALISED INCOME OF £37,500 PER ANNUM - WHICH INCLUDES BILLS A SUPERB HMO PROPERTY SET ON THE BUSTLING BOROUGH ROAD, A MATTER OF A 5 MINUTE WALK FROM THE UNIVERSITY ENTRANCE / THE ACCOMMODATION WHICH IS SPREAD OVER THREE STOREYS YIELDING 7 DOUBLE BEDROOMS EACH OFFERING THEIR OWN ENSUITE FACILITIES / ADDITIONAL SPACIOUS COMMUNAL LOUNGE WITH A STANDOUT QUALITY KITCHEN WITH SKYLIGHTS TO THE CEILING / SEPARATE LAUNDRY ROOM TO THE FIRST FLOOR / FULLY FURNISHED AND BEING SOLD AS A GOING CONCERN WITH TENANT CURRENTLY OCCUPYING ALL ROOMS / THE PROPERTY WAS CONVERTED TO ITS CURRENT FORM IN 2016 TO 2017 AND HAS BEEN SUCCESFULLY LET OUT AND FULL SINCE / AN IDEAL INVESTMENT OPPORTUNITY

Agent Details

Progression Property, Middlesbrough

01642 056899

Next Steps?

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