10 Bed HMO, Middlesbrough, TS1 2ES, £350,000

122 Borough Road, Middlesbrough, TS1 2ES - 69 views - a year ago

HMO

ROI: 11%

~230 m²

+16 photos

ValuationOvervalued

Sold Prices	£60K - £194K
Sold Prices/m²	£612/m² - £1.7K/m²

Square Metres	~230.30 m²
Price/m²	£1.5K/m²
Value Estimate	£236,462£236,462

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£108,200£108,200

Cash Out
Room Rate	£433£433
Gross Rent	£4,330£4,330
Running Costs/mo	£3,026£3,026
Cashflow/mo	£1,304£1,304
Cashflow/yr	£15,651£15,651
ROI	14%14%
Gross Yield	15%15%

Local Sold Prices

24 sold prices from £60K to £194K, average is £121K. £612/m² to £1.7K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£185K	06/23	0.15 mi	91a, Borough Road, Middlesbrough TS1 3AA	£1,729	107	4	Terraced House
£88K	09/23	0.17 mi	17, Myrtle Street, Middlesbrough TS1 3EB	£1,011	87	4	Terraced House
£120K	02/21	0.22 mi	222, Borough Road, Middlesbrough TS1 2EQ	£816	147	4	Terraced House
£120K	03/23	0.27 mi	172, Marton Road, Middlesbrough TS1 2ED	£930	129	4	Terraced House
£140K	06/21	0.41 mi	31, Croydon Road, Middlesbrough TS1 3HQ	-	-	4	Semi-Detached House
£140K	06/21	0.41 mi	31, Croydon Road, Middlesbrough TS1 3HQ	-	-	4	Semi-Detached House
£110K	03/21	0.46 mi	41, Lothian Road, Middlesbrough TS4 2HS	£733	150	4	Terraced House
£164K	11/20	0.57 mi	5, Ceremony Wynd, Middlesbrough TS4 2WG	£1,592	103	4	Detached House
£66.5K	02/21	0.66 mi	18, Oxford Street, Middlesbrough TS1 4NN	£764	87	4	Terraced House
£115K	04/21	0.69 mi	10, Saltwater Court, Middlesbrough TS4 2AQ	£1,594	72	4	Semi-Detached House
£85K	01/23	0.69 mi	33, Kensington Road, Middlesbrough TS5 6AJ	£612	139	4	Terraced House
£119K	01/21	0.69 mi	75, Kensington Road, Middlesbrough TS5 6AJ	£730	163	4	Terraced House
£165K	10/22	0.71 mi	15, Roseberry Road, Middlesbrough TS4 2LH	-	-	4	Semi-Detached House
£110K	05/23	0.72 mi	75, Westbourne Grove, North Ormesby, Middlesbrough TS3 6EE	£880	125	4	Terraced House
£75K	02/23	0.75 mi	81, Costa Street, Middlesbrough TS1 4PJ	£915	82	4	Terraced House
£122K	08/21	0.86 mi	7, Canterbury Grove, Middlesbrough TS5 6NS	£1,208	101	4	Terraced House
£145K	11/21	0.86 mi	25, Canterbury Grove, Middlesbrough TS5 6NS	£1,306	111	4	Semi-Detached House
£180K	06/21	0.91 mi	16, Maddren Way, Middlesbrough TS5 5BB	£1,654	109	4	Detached House
£170K	05/24	0.91 mi	2, Maddren Way, Middlesbrough TS5 5BB	£1,604	106	4	Terraced House
£160K	07/21	0.91 mi	15, Maddren Way, Middlesbrough TS5 5BB	£1,468	109	4	Detached House
£130K	12/23	0.96 mi	44, Clough Close, Middlesbrough TS5 5DW	-	-	4	Detached House
£60K	06/21	0.97 mi	89, Kings Road, North Ormesby, Middlesbrough TS3 6EY	-	-	4	Terraced House
£72K	02/23	0.99 mi	97, Kings Road, North Ormesby, Middlesbrough TS3 6EY	-	-	4	Terraced House
£194K	10/23	0.99 mi	41, The Ridings, Middlesbrough TS4 2WA	£1,645	118	4	Detached House

Local Area Statistics

Population in TS1	16,98416,984
Population in Middlesbrough	189,245189,245
Town centre distance	2.21 miles away2.21 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.45 miles away0.45 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

Price changed to £350,000

December 4, 2024

Listed for £399,999

January 23, 2024

Sold for £160,000

2013

Sold for £49,000

2001

Floor Plans

Description

PERFECT INVESTMENT OPPORTUNITY +
10 BEDROOMS +
6 BATHROOMS +
POTENTIAL 10.4% YIELD +
AMAZING LOCATION +

Clarke Munro are delighted to present this rare to the market student HMO investment property perfectly situated on Borough Road, located opposite the University Campus and within walking distance to the town centre. This building comprises of 10 spacious double bedrooms split across three stories. The property has a large kitchen and communal lounge located at the entrance, a further two kitchens on the 1st floor and 6 toilet and shower rooms making it the perfect student HMO house share. This popular student property is currently fully let with a current rental yield of 10.4% making it the perfect investment opportunity.

Agent Details

Clarke Munro, Middlesbrough

01642 056909

Next Steps?

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