3 Bed Semi-Detached House, Refurb/BRRR, Stockton-on-Tees, TS18 4PW, £300,000

Allendale Road, Stockton-on-Tees, TS18 4PW - 1 views - a year ago

Sold STC
Refurb/BRRR
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£90K - £325K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£131,750

 

 

End Value (After Refurb)

£244,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£36,800

Bridging Loan Interest

£7,875

Total Cash In

£140,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,250

Mortgage (After Refinance)

£183,188

Mortgage LTV

75%

Cash Left In

£140,125

Equity

£61,063

Rent Range

£500 - £795

Rent Estimate

£629

Running Costs/mo

£909

Cashflow/mo

£-280

Cashflow/yr

£-3,361

Gross Yield

3%

Local Sold Prices

50 sold prices from £90K to £325K, average is £160K. £1.2K/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£260K04/210 mi10, Allendale Road, Stockton-on-tees TS18 4PW3
£180K11/230 mi24, Allendale Road, Stockton-on-tees TS18 4PW3
£212.5K11/230.07 mi57, Grange Avenue, Stockton-on-tees TS18 4PT3
£120K03/210.07 mi55, Grange Avenue, Stockton-on-tees TS18 4PT3
£215K07/230.07 mi59, Grange Avenue, Stockton-on-tees TS18 4PT3
£315K11/230.07 mi81, Bishopton Road, Stockton-on-tees TS18 4PG3
£245K01/230.1 mi5, Stanhope Road, Stockton-on-tees TS18 4LS3
£242K12/230.11 mi2, Coniston Road, Stockton-on-tees TS18 4PX3
£254K04/240.13 mi75, Bishopton Road, Stockton-on-tees TS18 4PE3
£190K10/230.13 mi6, Weardale Place, Stockton-on-tees TS18 4LR3
£115K09/230.14 mi22, Bransdale Close, Stockton-on-tees TS19 0SG3
£205.5K04/210.14 mi96, Oxbridge Avenue, Stockton-on-tees TS18 4QB3
£252K12/220.14 mi96, Oxbridge Avenue, Stockton-on-tees TS18 4QB3
£213K03/210.14 mi37, Loweswater Crescent, Stockton-on-tees TS18 4PY3
£190K08/210.14 mi11, Del Strother Avenue, Stockton-on-tees TS19 0RZ3
£210K10/230.14 mi10, Del Strother Avenue, Stockton-on-tees TS19 0RZ3
£160K08/210.15 mi14, Newham Grange Avenue, Stockton-on-tees TS19 0SB3
£210K06/210.15 mi5, Marshall Grove, Stockton-on-tees TS18 4PJ3
£200K03/210.16 mi11, Grange Avenue, Stockton-on-tees TS18 4LU3
£168K11/200.16 mi14, Grange Avenue, Stockton-on-tees TS18 4LU3
£155K12/220.16 mi40, Windermere Road, Stockton-on-tees TS18 4NA3
£115K01/210.16 mi57, Windermere Road, Stockton-on-tees TS18 4NB3
£137.5K02/210.18 mi6, Buttermere Road, Stockton-on-tees TS18 4LQ3
£140K03/210.18 mi5, Buttermere Road, Stockton-on-tees TS18 4LQ3
£147K11/230.18 mi22, Buttermere Road, Stockton-on-tees TS18 4LQ3
£100K02/230.19 mi56, Patterdale Avenue, Stockton-on-tees TS19 0SF3
£100K10/210.19 mi6, Windermere Road, Stockton-on-tees TS18 4NA3
£140K01/230.21 mi16, Westerdale Avenue, Stockton-on-tees TS19 0RX3
£92K04/210.21 mi13, Westerdale Avenue, Stockton-on-tees TS19 0RX3
£165K11/220.22 mi46, Grays Road, Stockton-on-tees TS18 4LX3
£90K10/210.23 mi28, Kirkdale Close, Stockton-on-tees TS19 0SQ3
£90K12/210.23 mi5, Kirkdale Close, Stockton-on-tees TS19 0SQ3
£145K12/200.23 mi6, Rydal Road, Stockton-on-tees TS18 4NG3
£183K11/200.24 mi62, Oxbridge Avenue, Stockton-on-tees TS18 4LF3
£120K08/210.24 mi43, Grays Road, Stockton-on-tees TS18 4LL3
£105K10/230.26 mi46, Commondale Avenue, Stockton-on-tees TS19 0RL3
£160K05/240.27 mi67, Grays Road, Stockton-on-tees TS18 4LJ3
£325K11/200.28 mi1, Woodborough Lane, Stockton-on-tees TS19 0QU3
£96.5K11/200.3 mi63, Commondale Avenue, Stockton-on-tees TS19 0RJ3
£138K12/230.33 mi3, Commondale Avenue, Stockton-on-tees TS19 0RH3
£115K10/230.34 mi4, Askrigg Road, Stockton-on-tees TS18 4JH3
£235K07/230.36 mi11, Newstead Avenue, Stockton-on-tees TS19 0QS3
£160K03/230.37 mi46, Oxbridge Avenue, Stockton-on-tees TS18 4JF3
£185K02/230.39 mi7, Chatsworth Court, Stockton-on-tees TS19 0QR3
£120K09/210.39 mi12, Wensley Road, Stockton-on-tees TS18 4JQ3
£136K04/240.39 mi8, Wensley Road, Stockton-on-tees TS18 4JQ3
£290K06/210.4 mi2, Chingford Grove, Stockton-on-tees TS19 0UD3
£135K06/210.4 mi12, Chatsworth Court, Stockton-on-tees TS19 0QR3
£96K12/200.4 mi42, Spennithorne Road, Stockton-on-tees TS18 4JP3
£140K02/230.41 mi14, Spennithorne Road, Stockton-on-tees TS18 4JW3

Local Rents

11 rents from £500/mo to £795/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£67510/240.14 mi-3
£69509/240.14 mi-3
£69509/240.14 mi-3
£79510/240.24 miBISHOPTON ROAD, Stockton-On-Tees, TS18 4PB3
£55010/240.3 miHonister Close, Stockton-on-tees3
£57510/240.34 mi-3
£52510/240.47 mi-3
£67502/250.49 mi-3
£55010/240.51 mi-3
£50010/240.52 mi-3
£75010/240.57 miSt. Crispins Court, Stockton-On-Tees, TS19 0JE3

Local Area Statistics

Population in TS18

24,161

Population in Stockton-on-Tees

149,709

Town centre distance

0.33 miles away

Nearest school

0.30 miles away

Nearest train station

0.65 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £300,000

January 30, 2024

Floor Plans

Description

  • Save a Potential £5,000 Stamp Duty by Completing by 31st March 2025 +
  • An Enchantingly Lovely Victorian Semi Detached House +
  • Enlarged, Enhanced & Sumptuously Styled to Create a Magnificent Family Size Home +
  • No Onward Chain +
  • 180ft Private South Facing Garden with Lawn, Patio Area & Decking +
  • Three Bedrooms & Two Bath/Shower Rooms +
  • Beautiful Lounge with Open Fire +
  • Separate Open Plan Kitchen/Diner/Family Room +
  • Recently Installed UPVC Double Glazed Sash Windows +

This wholly gorgeous Victorian semi-detached house has been the subject of some meticulous refurbishment and modernisation over the years. The result is a magnificent family size home which is considerably larger than might first be anticipated. The ground floor has been enlarged and remodelled to create a layout that's fine-tuned for a modern growing family. The ground floor has a bright and airy entrance porch, hallway, a stunning informal lounge with an open fire, separate dining room/open plan 'family hub' breakfast kitchen with good looking cabinets, built-in appliances, and granite tops, and at the rear is a utility and WC. The first floor has two bedrooms and shower room. The loft space was professionally converted (with all the relevant permissions and regulations) to create a large third bedroom with en-suite.

The outside space is just as impressive. The front garden is well established and has off road parking. There's a beautiful private south facing rear garden at the rear. The garage has been divided into a laundry and separate store.

So, if this level of comfort and style is for you, an early viewing is well advised.

Tenure - Freehold

Council Tax Band D

Agent Details

Michael Poole, Stockton On Tees

01642 937375

Next Steps?

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