4 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 4DL, £185,000

57 West Lane, Middlesbrough, TS5 4DL - 5 views - a year ago

Refurb/BRRR
ROI: 2%
~125 m²
+30 photos

ValuationFair Value

Sold Prices£66.5K - £290K
Sold Prices/m²£612/m² - £1.9K/m²

 

 

Square Metres

~125.20 m²
Price/m²£1.5K/m²

Value Estimate

£185,790

 

 

End Value (After Refurb)

£108,322

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£7,199

Refurb Costs

£49,403

Bridging Loan Interest

£4,856

Total Cash In

£109,458

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£108,322

Mortgage (After Refinance)

£81,242

Mortgage LTV

75%

Cash Left In

£109,458

Equity

£27,081

Rent Range

£390 - £1,900

Rent Estimate

£741

Running Costs/mo

£507

Cashflow/mo

£234

Cashflow/yr

£2,812

ROI

3%

Gross Yield

5%

Local Sold Prices

22 sold prices from £66.5K to £290K, average is £161K. £612/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£130K12/230.28 mi44, Clough Close, Middlesbrough TS5 5DW4
£180K06/210.44 mi16, Maddren Way, Middlesbrough TS5 5BB4
£170K05/240.44 mi2, Maddren Way, Middlesbrough TS5 5BB4
£160K07/210.44 mi15, Maddren Way, Middlesbrough TS5 5BB4
£75K02/230.45 mi81, Costa Street, Middlesbrough TS1 4PJ4
£193K02/230.5 mi105, Thornfield Road, Middlesbrough TS5 5BZ4
£140K04/240.55 mi16, Belle Vue Road, Middlesbrough TS5 5AQ4
£66.5K02/210.58 mi18, Oxford Street, Middlesbrough TS1 4NN4
£85K01/230.61 mi33, Kensington Road, Middlesbrough TS5 6AJ4
£119K01/210.61 mi75, Kensington Road, Middlesbrough TS5 6AJ4
£136K09/210.66 mi30, Devonshire Road, Middlesbrough TS5 6DP4
£164.9K08/230.68 mi7, Queens Road, Middlesbrough TS5 6EF4
£290K03/230.7 mi101, Oxford Road, Middlesbrough TS5 5EA4
£175K02/240.72 mi134, Oxford Road, Middlesbrough TS5 5EL4
£215K07/230.72 mi108, Oxford Road, Middlesbrough TS5 5EL4
£200K03/240.75 mi47, Oxford Road, Middlesbrough TS5 5DY4
£162K01/210.77 mi6, Windsor Road, Middlesbrough TS5 6DR4
£230K09/210.78 mi10, Barker Road, Middlesbrough TS5 5ES4
£122K08/210.82 mi7, Canterbury Grove, Middlesbrough TS5 6NS4
£145K11/210.86 mi25, Canterbury Grove, Middlesbrough TS5 6NS4
£150K10/210.88 mi11, Cambridge Road, Linthorpe, Middlesbrough TS5 5ND4
£235K03/240.89 mi9, Wycherley Avenue, Middlesbrough TS5 5HH4

Local Rents

46 rents from £390/mo to £1.9K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£80004/250.13 mi-3
£75001/250.21 mi-3
£45010/240.22 miMeath Street, Middlesbrough, North Yorkshire, TS14
£72510/240.3 miLongford Street, Middlesbrough3
£95001/250.34 mi-3
£70010/240.35 miNesham Road, Middlesbrough, North Yorkshire, TS13
£82510/240.35 miClough Close, Middlesbrough3
£1,01510/240.4 miAcklam Gardens, Middlesbrough, TS53
£95004/250.4 mi-3
£65010/240.4 miHarford Street, Middlesbrough3
£43310/240.41 miSurrey Street, Middlesbrough4
£1,05010/240.45 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.45 miAcklam Gardens, Middlesbrough, TS53
£67504/250.45 mi-3
£69503/250.46 mi-3
£1,00001/250.46 mi-4
£70003/250.46 mi-4
£57510/240.46 miAire Street, Middlesbrough, North Yorkshire, TS14
£39010/240.47 mi62, Outram Street, Middlesbrough, TS13
£1,00004/250.47 mi-4
£75010/240.48 mi2 Harford Street, Middlesbrough, North Yorkshire, TS13
£69502/250.48 mi-3
£52010/240.5 miRoss Street, Middlesbrough, TS14
£50010/240.5 miRoss Street, Middlesbrough, TS14
£52010/240.5 miRoss Street, Middlesbrough, TS14
£52010/240.5 miRoss Street, Middlesbrough, TS14
£79501/250.51 mi-3
£41210/240.51 miWorcester Street, Middlesbrough4
£41210/240.54 miAyresome Street, Middlesbrough6
£52510/240.54 miFalkland Street, Middlesbrough, TS1 4JH3
£1,90010/240.54 mi-4
£79502/240.55 mi-3
£1,01510/240.55 miAcklam Gardens, Middlesbrough, TS53
£1,19510/240.55 miAcklam Gardens, Middlesbrough, TS54
£1,01510/240.55 miAcklam Gardens, Middlesbrough, TS53
£99510/240.57 miAcklam Gardens, Middlesbrough, TS53
£1,20010/240.58 miMiddlesbrough, Glebe Road4
£45510/240.59 miGresham Road, Middlesbrough3
£42510/240.59 miGresham Road, Middlesbrough, North Yorkshire, TS16
£45510/240.59 miGresham Road, Middlesbrough, North Yorkshire, TS16
£44010/240.59 miGresham Road, Middlesbrough, North Yorkshire, TS16
£42510/240.59 miGresham Road, Middlesbrough, North Yorkshire, TS16
£54210/240.6 miOxford Street, Middlesbrough, TS14
£70004/250.6 mi-3
£85003/250.61 mi-3
£1,60010/240.61 mi-5

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.87 miles away

Nearest school

0.10 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £185,000

March 1, 2025

Price changed to £190,000

December 5, 2024

Price changed to £189,950

December 4, 2024

Listed for £199,950

March 7, 2024

Sold for £186,000

2022

Sold for £95,000

2015

Sold for £60,000

2006

Floor Plans

Description

  • An Indescribably Good Semi Detached House with Four Bedrooms +
  • The Whole Place Has Been the Subject of a Program of Improvement & Renovation Work in Recent Years +
  • Long, Well Turned Out 'Suntrap' West Facing Rear Garden with a Patter Concrete Patio Area +
  • Fabulous Extended Open Plan Living/Eat-In Kitchen with Grey Shaker Design Cabinets & Full Width Bi-Fold Doors +
  • A Brilliant Home Gym/Man Cave Has Been Created in the Large Double Garage at the End of the Garden +
  • Two Bedrooms & Bathroom on the First Floor & Two Further Bedrooms on the Second +
  • Comfortable Front Lounge with a Cosy Inset Cast Iron Multifuel Stove +
  • UPVC Double Glazed Windows, Composite Front Door & Central Heating with a Combi Boiler +

With genuine high end show-home credentials, this wholly gorgeous 1930's built bay fronted semi-detached house has seen an unbelievable amount of extension, reconfiguring and improvement work in recent years and definitely justifies a few moments of your time for a viewing. It has a 'WOW' interior, and the skilful extensions have created a free-flowing, family friendly layout that is so much more spacious than might first be thought.

With just over 1,200 square feet of meticulously kept, fabulously updated and then beautifully decorated living space, the accommodation briefly comprises entrance hall with a solid oak staircase and bespoke Venetian '5 Stage' plastered walls, comfortable front lounge with a multifuel stove and fabulous extended open plan rear living/eat-in kitchen, complete with full width bi-fold doors, modern slate grey coloured Shaker design units, integrated appliances, and island unit. The first floor has two bedrooms and family bathroom with a smart modern white suite. A large wraparound dormer has been added (with all the relevant building regulation and consents) and this has created two further bedrooms on the second floor.

The whole house has been rewired and a majority of the internal walls and ceilings have been reskimmed. Replacement UPVC double glazed windows and a modern Anthracite grey coloured composite front door were fitted in recent years also. Numerous other attractions include central heating with a Baxi combi boiler and replacement radiators throughout, a retiled main roof, modern oak internal doors, security alarm system and you can park your car on the pattern concrete driveway in front.

The outside space is equally as impressive. The long, well turned out rear garden faces perfectly west and makes the most of the afternoon and evening summer sun. The large 23ft x 21ft detached double garage has been repurposed and is now a brilliant man cave/home gym complete with drinks bar, toilet, and secure storage room.

Mains Utilities
Gas Central Heating
Mains Sewerage
No Known Flooding Risk
No Known Legal Obligations
Standard Broadband & Mobile Signal
No Known Rights of Way

Tenure - Freehold

Council Tax Band B

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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