3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS6 0AR, £95,000

312E11 Park Avenue, Middlesbrough, TS6 0AR - a year ago

Refurb/BRRR
ROI: 2%
~97 m²
+7 photos

ValuationFair Value

Sold Prices£65K - £185K
Sold Prices/m²£771/m² - £2K/m²

 

 

Square Metres

~96.71 m²
Price/m²£982/m²

Value Estimate

£95,000

 

 

End Value (After Refurb)

£127,186

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Refurb Costs

£38,161

Bridging Loan Interest

£2,494

Total Cash In

£72,105

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£127,186

Mortgage (After Refinance)

£95,390

Mortgage LTV

75%

Cash Released

£24,140

Cash Left In

£47,965

Equity

£31,797

Rent Range

£300 - £1,050

Rent Estimate

£701

Running Costs/mo

£558

Cashflow/mo

£143

Cashflow/yr

£1,720

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £185K, average is £116K. £771/m² to £2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£87.5K06/210.03 mi40, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AR3
£162.5K01/240.03 mi305, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0AZ3
£90K03/210.05 mi22, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£110K11/230.05 mi24, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£120K04/210.09 mi17, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£82.5K02/210.09 mi20, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£142K07/210.1 mi283, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0BA3
£100K05/230.11 mi15, Cranford Avenue, Middlesbrough, Redcar And Cleveland TS6 0AU3
£110K07/210.13 mi41, Kingsway Avenue, Middlesbrough, Redcar And Cleveland TS6 0AT3
£130K11/220.16 mi3, Trunk Road, Middlesbrough, Redcar And Cleveland TS6 0AB3
£130K08/230.17 mi15, Westbourne Grove, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AE3
£105K05/210.17 mi75, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£105K04/230.17 mi83, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£117K03/230.19 mi21, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£140K01/230.19 mi24, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£101K10/210.19 mi21, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0DL3
£140K03/240.19 mi24, Braemar Grove, Middlesbrough, Redcar And Cleveland TS6 0AN3
£119K11/200.2 mi8, Hamilton Grove, Middlesbrough, Redcar And Cleveland TS6 0AH3
£138K12/200.25 mi19, Caithness Road, Middlesbrough, Redcar And Cleveland TS6 0AJ3
£85K02/240.26 mi34, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0DA3
£90K05/230.28 mi3, Lilac Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BS3
£98.5K04/210.28 mi26, Sycamore Crescent, Middlesbrough, Redcar And Cleveland TS6 0BW3
£96K09/230.31 mi14, Burns Road, Middlesbrough, Redcar And Cleveland TS6 9AH3
£65K11/200.31 mi4, Burns Road, Middlesbrough, Redcar And Cleveland TS6 9AH3
£146K06/230.34 mi69, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BT3
£137K12/230.34 mi58, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BT3
£120K11/210.34 mi6, Shelley Crescent, Middlesbrough, Redcar And Cleveland TS6 9AL3
£90K11/210.34 mi40, Shelley Crescent, Middlesbrough, Redcar And Cleveland TS6 9AL3
£175K10/230.35 mi48, Lime Crescent, Middlesbrough, Redcar And Cleveland TS6 0BU3
£130K03/210.35 mi42, Lime Crescent, Middlesbrough, Redcar And Cleveland TS6 0BU3
£130K07/210.36 mi7, Beech Grove, South Bank, Middlesbrough TS6 6ST3
£75K02/240.38 mi41, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL3
£75K08/230.38 mi23, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL3
£100K04/230.38 mi31, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL3
£175K08/230.4 mi34, Keswick Road, Middlesbrough, Redcar And Cleveland TS6 0BN3
£77K11/200.4 mi46, Briggs Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 6XN3
£155K05/230.4 mi68, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BX3
£91K01/210.42 mi387, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0BL3
£115K07/210.45 mi10, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BH3
£121K07/210.45 mi47, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BD3
£115K11/200.45 mi64, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BD3
£185K02/230.45 mi135, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BZ3
£98.5K12/220.46 mi36, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BH3
£140K09/220.5 mi6, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ3
£125K10/210.5 mi10, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ3
£130.5K12/200.51 mi67, Wordsworth Road, Middlesbrough, Redcar And Cleveland TS6 9AZ3
£105K06/210.51 mi71, Wordsworth Road, Middlesbrough, Redcar And Cleveland TS6 9AZ3
£77K03/210.51 mi69, Rainsford Crescent, Middlesbrough TS3 9HF3
£127K09/210.52 mi19, Brecon Gardens, Middlesbrough, Redcar And Cleveland TS6 9RZ3
£128K11/230.52 mi4, Brecon Gardens, Middlesbrough, Redcar And Cleveland TS6 9RZ3

Local Rents

51 rents from £300/mo to £1.1K/mo, average is £665/mo.

RentDateDistanceAddressBeds 
£69512/230.12 mi-3
£65008/240.35 mi-3
£60006/230.49 mi-3
£87501/250.55 mi-3
£74508/230.62 mi-3
£69309/230.66 mi-3
£55010/240.68 miHampden Street, South Bank, Middlesbrough3
£89510/240.68 mi-3
£89510/240.68 miHampden Street, South Bank, Middlesbrough, TS63
£64808/240.7 mi-3
£99510/240.72 mi-3
£90003/250.72 mi-3
£80002/240.72 mi-3
£1,05008/240.73 mi-3
£50009/240.73 mi-3
£75003/250.74 mi-3
£66509/230.75 mi-3
£66509/230.75 mi-3
£62510/240.8 miThe Jennings, Normanby, Middlesbrough, TS6 0LL3
£80003/250.8 mi-3
£30003/250.82 mi-3
£70008/240.82 mi-3
£65010/240.83 miGrange Farm Road, Grangetown, Middlesbrough, TS63
£75010/240.84 miMarshall Avenue, Thorntree3
£65010/240.87 miArundel Road, Grangetown, TS6 7QZ3
£62510/240.88 mi-3
£65009/230.88 mi-3
£63009/230.88 mi-3
£63010/240.88 mi-3
£65010/240.88 miGlentworth Avenue, Middlesbrough3
£70010/230.88 mi-3
£62503/250.9 mi-3
£65011/230.93 mi-3
£62510/240.96 miLangdale Crescent, Eston3
£82002/240.96 mi-3
£82010/240.96 mi-3
£82010/240.96 mi-3
£66003/250.97 mi-3
£85010/240.99 miAston Avenue, Middlesbrough3
£80003/251 mi-3
£60010/231.03 mi-3
£62510/241.03 mi-3
£70010/241.04 miCrowland Avenue, Middlesbrough3
£57502/241.06 mi-3
£62501/251.06 mi-3
£70009/241.06 mi-3
£70002/241.09 mi-3
£70011/241.09 mi-3
£69509/241.1 mi-3
£65011/241.1 mi-3
£65002/241.11 mi-3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.53 miles away

Nearest school

0.20 miles away

Nearest train station

1.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Price changed to £95,000

February 28, 2025

Listed for £105,000

February 9, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SEMI DETACHED HOUSE +
  • INVESTMENT OR FIRST TIME BUYER OPPORTUNITY +
  • BREAKFAST ROOM +
  • DRIVEWAY +
  • GARAGE +
  • REAR GARDEN +
  • CONSERVATORY +
  • VIRTUAL TOUR AVAILABLE +
  • ARRANGE YOUR VIEWING TODAY +

Great opportunity for investors or first time buyers to purchase this three bedroom semi-detached house on Park Avenue TS6!

Entrance - 4.37m x 1.80m (14'4 x 5'11) - Upon entering the home, you are greeted with a uPVC entrance door that opens to reveal a welcoming staircase ascending to the first floor. Adjacent doors beckon you into a charming reception room and an inviting breakfast nook, each warmed by an expansive, centrally heated radiator.

Reception Room - 3.61m x 3.63m (11'10 x 11'11) - The reception area is graced with an elegant bay front window that bathes the space in natural light, with a substantial central heating radiator snugly positioned underneath. A classic feature fireplace, complete with a traditional mantelpiece and hearth, stands as the room's centerpiece, set against a backdrop of neutral décor, offering a blank canvas for personalisation.

Dining Room - 3.66m x 3.48m (12' x 11'5) - Towards the back of the reception space lies an idyllic dining area, ready to accommodate a generous dining table and chairs, complemented by another central heating radiator for cosy gatherings.

Conservatory - 3.56m x 2.08m (11'8 x 6'10) - Step through to the conservatory, a tranquil retreat at the rear of the home that extends the living space beautifully. Encased in white French doors, this sunlit haven opens up to the serene rear garden, inviting the outdoors in and providing an additional peaceful area for relaxation.

Kitchen - 3.76m x 2.44m (12'4 x 8) - The kitchen, located at the back of the property, is both spacious and filled with potential. It's equipped with an array of drawers, wall, and base cabinets, alongside a built-in oven, hob, and extractor fan, as well as essential white goods. While the kitchen's current state suggests a need for modernisation, its generous dimensions present endless possibilities for transformation. Brightness fills the room through a window overlooking the rear garden and additional windows to the side, facing the conservatory. A convenient uPVC door offers direct access to the garden, enhancing the kitchen's inviting atmosphere.

Breakfast Room - 2.41m x 1.88m (7'11 x 6'2) - Adjacent to the kitchen, the breakfast room has grey carpeting and a window to the side aspect, complete with a central heating radiator for added comfort. This cosy nook also features a substantial understairs storage cupboard, perfect for tucking away household essentials

Landing - 2.97m x 1.91m (9'9 x 6'3) - The carpeted landing serves as the nexus of the upper floor, offering access to all three bedrooms, the family bathroom, and the loft space above, ensuring easy navigation and a sense of flow throughout the home.

Bedroom One - 3.63m x 3.23m (11'11 x 10'7) - The spacious master bedroom commands a prominent position at the front of the home, featuring a large window that affords a picturesque view of the bustling street below. Beneath the window, a central heating radiator ensures a warm and comfortable atmosphere. The room's neutral decor serves as a versatile backdrop, offering a blank slate for the new homeowner to impart their personal touch. Completeness is achieved with the inclusion of two sizeable, built-in double wardrobes, providing ample storage space.

Bedroom Two - 3.61m x 2.87m (11'10 x 9'5) - Adjacent to the master, the second bedroom is a generously-sized double room nestled at the back of the house. It boasts a central heating radiator and a UPVC window that frames tranquil views of the serene garden. This bedroom is further enhanced by a contemporary, built-in sliding door mirror wardrobe, adding a touch of elegance and practicality.

Bedroom Three - 2.03m x 1.78m (6'8 x 5'10) - The third room, situated at the front of the property, is graced with a window and central heating radiator. Its compact dimensions make it an ideal space for a cosy nursery or an efficient home office or study.

Family Bathroom - 2.13m x 1.91m (7' x 6'3) - The family bathroom, although in need of some refreshing touches, is impressively sized and comes complete with a three-piece suite comprising of a toilet, basin, and bath. Located at the rear of the house, privacy is ensured by a frosted double-glazed window, and warmth is provided by a central heating radiator, making it a practical and comfortable space for family use.

External - The property boasts a driveway that leads towards a spacious garage. This outdoor space is a blend of paving and laid to lawn, offering an idyllic canvas for future personalisation. Envision yourself lounging in tranquility or hosting vibrant summer gatherings in this potential-filled haven that promises to be a delightful retreat for relaxation or entertainment under the sun's warm embrace.

Agent Details

PH Estate Agents, Middlesbrough

01642 056292

Next Steps?

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