2 Bed Flat, Potential PLO/LOA, Middlesbrough, TS4 2BP, £45,000

Lytton House, Lytton Street, TS4 2BP - 9 views - a year ago

Leasehold

Negative Equity

ROI: 16%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£40K - £134K
Sold Prices/m²	£747/m² - £2K/m²

Square Metres	~68.11 m²
Price/m²	£661/m²
Value Estimate	£54,450£54,450
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£11,250£11,250
Stamp Duty & Legal Fees	£2,550£2,550
Total Cash In	£13,800£13,800

Cash Out
Rent Range	£433 - £795£433 - £795
Rent Estimate	£433
Running Costs/mo	£247£247
Cashflow/mo	£186£186
Cashflow/yr	£2,229£2,229
ROI	16%16%
Gross Yield	12%12%

Local Sold Prices

37 sold prices from £40K to £134K, average is £80K. £747/m² to £2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£59K	02/22	0.45 mi	40, Elder Court, Middlesbrough TS1 2SJ	£922	64	2	Flat
£71K	12/20	0.91 mi	31, Gresham Road, Middlesbrough TS1 4LU	£1,183	60	2	Flat
£50K	05/22	1.2 mi	8, Teare Close, Middlesbrough TS1 5ND	£794	63	2	Flat
£127.5K	08/22	1.22 mi	8, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,992	64	2	Flat
£134K	02/23	1.22 mi	11, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,648	81	2	Flat
£112K	04/23	1.22 mi	10, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£120K	03/23	1.23 mi	4, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£63K	04/23	1.37 mi	25, Camsell Court, Middlesbrough TS5 5BE	-	-	2	Flat
£70K	07/23	1.37 mi	15, Camsell Court, Middlesbrough TS5 5BE	£1,296	54	2	Flat
£67.5K	10/21	1.39 mi	6, Clough Close, Middlesbrough TS5 5DW	£1,071	63	2	Flat
£59K	10/20	1.39 mi	21, Clough Close, Middlesbrough TS5 5DW	£844	70	2	Flat
£60K	03/23	1.39 mi	33, Clough Close, Middlesbrough TS5 5DW	£1,091	55	2	Flat
£70K	11/23	1.39 mi	31, Clough Close, Middlesbrough TS5 5DW	£1,346	52	2	Flat
£64.8K	10/22	1.48 mi	10, The Potteries, Middlesbrough TS5 6DQ	£830	78	2	Flat
£65K	09/22	1.49 mi	65, Roman Road, Middlesbrough TS5 5PH	£747	87	2	Flat
£76K	06/21	1.58 mi	14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,310	58	2	Flat
£80K	07/23	1.58 mi	19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	-	-	2	Flat
£84K	01/23	1.58 mi	70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,556	54	2	Flat
£95K	12/21	1.59 mi	17d, Scholars Rise, Middlesbrough TS4 3RP	-	-	2	Flat
£90K	08/23	1.69 mi	9, Oriel Close, Middlesbrough TS5 5NJ	-	-	2	Flat
£40K	07/21	1.7 mi	78, Broadwell Road, Middlesbrough TS4 3NP	£800	50	2	Flat
£55K	03/23	1.72 mi	18, Carmarthen Road, Middlesbrough TS3 0HR	-	-	2	Flat
£82K	11/21	1.76 mi	18, Bayberry Mews, Middlesbrough TS5 7RG	£1,464	56	2	Flat
£82K	08/21	1.76 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,579	52	2	Flat
£85K	01/23	1.76 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,637	52	2	Flat
£85K	02/24	1.76 mi	12, Bayberry Mews, Middlesbrough TS5 7RG	£1,667	51	2	Flat
£60K	06/23	1.78 mi	86, Cargo Fleet Lane, Middlesbrough TS3 0JZ	£1,053	57	2	Flat
£75K	12/22	1.86 mi	Flat 6, Glen Court, Glendale Road, Middlesbrough TS5 7FL	-	-	2	Flat
£47K	09/21	1.92 mi	6, Fulbeck Road, Middlesbrough TS3 0SG	£839	56	2	Flat
£95K	01/21	1.92 mi	49, Stanhope Grove, Middlesbrough TS5 7SF	£1,508	63	2	Flat
£95K	01/21	1.92 mi	47, Stanhope Grove, Middlesbrough TS5 7SF	£1,610	59	2	Flat
£106K	06/22	1.94 mi	13, The Ladle, Middlesbrough TS4 3SL	£1,324	80	2	Flat
£47K	09/21	1.95 mi	6, Fulbeck Road, Middlesbrough TS3 0SG	£839	56	2	Flat
£110K	11/20	1.96 mi	42, The Ladle, Middlesbrough TS4 3SL	£1,495	74	2	Flat
£96K	01/23	1.96 mi	29, The Ladle, Middlesbrough TS4 3SL	£1,215	79	2	Flat
£100K	12/23	1.96 mi	30, The Ladle, Middlesbrough TS4 3SL	£1,053	95	2	Flat
£115K	02/22	1.96 mi	32, The Ladle, Middlesbrough TS4 3SL	£1,456	79	2	Flat

Local Rents

25 rents from £433/mo to £795/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£550	02/25	0.07 mi	-	2	Terraced House
£650	10/24	0.22 mi	Douglas Court, Douglas Street, Middlesbrough, North Yorkshire, TS4	2	Flat
£650	12/24	0.24 mi	-	2	Terraced House
£640	12/24	0.25 mi	-	2	Semi-Detached House
£565	10/24	0.27 mi	-	2	Terraced House
£675	11/24	0.31 mi	-	2	Terraced House
£650	10/24	0.33 mi	Roscoe Street, Middlesbrough	2	Flat
£575	10/24	0.35 mi	Coltman Street, MIDDLESBROUGH	2	Terraced House
£499	10/24	0.35 mi	-	2	Terraced House
£795	01/25	0.36 mi	-	2	Terraced House
£500	10/24	0.38 mi	-	2	Terraced House
£650	10/24	0.4 mi	Esk Street, Middlesbrough, TS3	2	Flat
£595	03/25	0.41 mi	-	2	Terraced House
£550	10/24	0.42 mi	Cadogan Street, North Ormesby, Middlesbrough, North Yorkshire, TS3	2	Terraced House
£575	10/24	0.43 mi	Peaton Street, MIDDLESBROUGH	2	Terraced House
£795	03/25	0.47 mi	-	2	Terraced House
£795	03/25	0.47 mi	-	2	Terraced House
£695	10/24	0.48 mi	-	2	Terraced House
£795	03/25	0.48 mi	-	2	Terraced House
£695	10/24	0.48 mi	Herbert Street, Middlesbrough, TS3	2	Terraced House
£695	12/23	0.49 mi	-	2	Terraced House
£475	10/24	0.51 mi	-	2	Terraced House
£700	10/24	0.56 mi	Ciac Building, Quay Street, Middlesbrourgh, TS2	2	Flat
£433	10/24	0.61 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat
£433	10/24	0.61 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat

Local Area Statistics

Population in TS4	16,95016,950
Population in Middlesbrough	189,245189,245
Town centre distance	1.75 miles away1.75 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.84 miles away0.84 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+47%+47%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £45,000

-89%

April 10, 2024

Sold for £84,995

2008

Description

Property Address: 23 Lytton House, Lytton Street, Middlesbrough

We advise that an offer has been made for the above property in the sum of £39,999. Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts.

Agents Address:Bridgfords, 114 Linthorpe Road, Middlesbrough, TS1 2JR

Agents Telephone Number:

A 2nd floor, two bed apartment in the popular Lytton House development. The property comprises two double bedrooms, hall, hall cupboard, bathroom with shower over bath, open plan living and dining room through to fitted kitchen. Located less than a mile to Middlesbrough town centre, and approximately a 12 minute walk to Teesside University. Also providing convenient access to the A66 & Middlesbrough Rail Station.

Agent Details

Bridgfords, Middlesbrough

01642 056953

Next Steps?

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