2 Bed Flat, Single Let, Middlesbrough, TS5 6JA, £65,000

Albert Gate Apartments, Middlesbrough, TS5 6JA - 1 views - a year ago

Leasehold

BTL

ROI: 8%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£50K - £134K
Sold Prices/m²	£747/m² - £2K/m²

Square Metres	~68.11 m²
Price/m²	£954/m²
Value Estimate	£79,300£79,300
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Total Cash In	£19,400£19,400

Cash Out
Rent Range	£433 - £3,900£433 - £3,900
Rent Estimate	£433
Running Costs/mo	£310£310
Cashflow/mo	£123£123
Cashflow/yr	£1,479£1,479
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

25 sold prices from £50K to £134K, average is £80K. £747/m² to £2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£127.5K	08/22	0.35 mi	8, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,992	64	2	Flat
£134K	02/23	0.35 mi	11, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,648	81	2	Flat
£112K	04/23	0.35 mi	10, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£120K	03/23	0.36 mi	4, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£71K	12/20	0.36 mi	31, Gresham Road, Middlesbrough TS1 4LU	£1,183	60	2	Flat
£63K	04/23	0.38 mi	25, Camsell Court, Middlesbrough TS5 5BE	-	-	2	Flat
£70K	07/23	0.38 mi	15, Camsell Court, Middlesbrough TS5 5BE	£1,296	54	2	Flat
£67.5K	10/21	0.47 mi	6, Clough Close, Middlesbrough TS5 5DW	£1,071	63	2	Flat
£59K	10/20	0.47 mi	21, Clough Close, Middlesbrough TS5 5DW	£844	70	2	Flat
£60K	03/23	0.47 mi	33, Clough Close, Middlesbrough TS5 5DW	£1,091	55	2	Flat
£70K	11/23	0.47 mi	31, Clough Close, Middlesbrough TS5 5DW	£1,346	52	2	Flat
£64.8K	10/22	0.47 mi	10, The Potteries, Middlesbrough TS5 6DQ	£830	78	2	Flat
£65K	09/22	0.51 mi	65, Roman Road, Middlesbrough TS5 5PH	£747	87	2	Flat
£76K	06/21	0.6 mi	14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,310	58	2	Flat
£80K	07/23	0.6 mi	19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	-	-	2	Flat
£84K	01/23	0.6 mi	70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,556	54	2	Flat
£50K	05/22	0.7 mi	8, Teare Close, Middlesbrough TS1 5ND	£794	63	2	Flat
£90K	08/23	0.72 mi	9, Oriel Close, Middlesbrough TS5 5NJ	-	-	2	Flat
£82K	11/21	0.84 mi	18, Bayberry Mews, Middlesbrough TS5 7RG	£1,464	56	2	Flat
£82K	08/21	0.84 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,579	52	2	Flat
£85K	01/23	0.84 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,637	52	2	Flat
£85K	02/24	0.84 mi	12, Bayberry Mews, Middlesbrough TS5 7RG	£1,667	51	2	Flat
£59K	02/22	0.86 mi	40, Elder Court, Middlesbrough TS1 2SJ	£922	64	2	Flat
£95K	01/21	1 mi	49, Stanhope Grove, Middlesbrough TS5 7SF	£1,508	63	2	Flat
£95K	01/21	1 mi	47, Stanhope Grove, Middlesbrough TS5 7SF	£1,610	59	2	Flat

Local Rents

40 rents from £433/mo to £3.9K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£650	12/24	0.09 mi	-	2	Terraced House
£595	10/24	0.11 mi	Caxton Street, Middlesbrough	2	Terraced House
£650	02/24	0.12 mi	-	2	Terraced House
£675	03/25	0.15 mi	-	2	Flat
£750	10/24	0.15 mi	-	2	Terraced House
£600	11/24	0.15 mi	-	2	Terraced House
£700	11/24	0.15 mi	-	2	Terraced House
£500	10/24	0.17 mi	Brompton Street, Middlesbrough, North Yorkshire, TS5	2	Terraced House
£625	02/25	0.18 mi	-	2	Flat
£895	10/24	0.2 mi	-	2	Terraced House
£650	12/24	0.22 mi	-	2	Flat
£650	04/25	0.22 mi	-	2	Flat
£780	03/25	0.24 mi	-	2	Terraced House
£800	01/25	0.27 mi	-	2	Terraced House
£700	10/24	0.29 mi	The Avenue, Middlesbrough, TS5	2	Flat
£700	10/24	0.29 mi	-	2	Flat
£650	03/25	0.33 mi	-	2	Terraced House
£725	02/25	0.36 mi	-	2	Flat
£600	10/24	0.38 mi	-	2	Terraced House
£650	10/24	0.38 mi	Park Lane, Middlesbrough, TS1	2	Terraced House
£563	10/24	0.39 mi	2 Bed Apartment On Wilton Street	2	Flat
£625	10/24	0.41 mi	Essex Street, Middlesbrough	2	Flat
£575	01/25	0.43 mi	-	2	Terraced House
£500	10/24	0.43 mi	Surrey Street, Middlesbrough, TS1 4QA	2	Terraced House
£433	10/24	0.45 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat
£433	10/24	0.45 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat
£625	10/24	0.45 mi	Clough Close, Middlesbrough, North Yorkshire, TS5 5DW	2	Flat
£800	03/25	0.46 mi	-	2	Flat
£650	10/24	0.47 mi	-	2	Terraced House
£600	10/24	0.48 mi	-	2	Terraced House
£700	01/25	0.53 mi	-	2	Terraced House
£650	10/24	0.55 mi	Dorman Gardens, Middlesbrough, Cleveland, TS5	2	Flat
£700	10/24	0.55 mi	15 Wentworth Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£750	10/24	0.55 mi	18 Waverley Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£500	10/24	0.56 mi	Longford Street, Middlesbrough, TS1 4RR	2	Flat
£700	03/25	0.56 mi	-	2	Terraced House
£475	10/24	0.57 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£650	01/25	0.58 mi	-	2	Semi-Detached House
£3,900	10/24	0.59 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£450	10/24	0.59 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.13 miles away2.13 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.13 miles away1.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £65,000

April 4, 2024

Description

SMITH & FRIENDS are delighted to offer to the market this two bedroom first floor apartment with the benefit of NO CHAIN INVOVED. The development is conveniently positioned within walking distance of Teesside University, Linthorpe Village and Middlesbrough Town Centre. The spacious living accomdation briefly comprises; entrance/hall, open plan generous lounge/ kitchen kitchen, master bedroom with en-suite, second bedroom and a family bathroom/WC. Viewings come highly recommended to fully appreciate.

LEASEHOLD PROPERTY

Agent Details

Smith & Friends Estate Agents, Middlesbrough

01642 056930

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents