2 Bed Terraced House, Refurb/BRRR, Stockton-on-Tees, TS20 1AB, £100,000

Mill Street, Stockton-on-tees, TS20 1AB - 3 views - a year ago

Sold STC
Refurb/BRRR
Planning
ROI: 3%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£43K - £275K
Sold Prices/m²£652/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£93,500

 

 

End Value (After Refurb)

£110,656

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£26,876

Bridging Loan Interest

£2,625

Total Cash In

£60,451

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,656

Mortgage (After Refinance)

£82,992

Mortgage LTV

75%

Cash Released

£7,992

Cash Left In

£52,459

Equity

£27,664

Rent Range

£450 - £850

Rent Estimate

£633

Running Costs/mo

£492

Cashflow/mo

£141

Cashflow/yr

£1,687

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £43K to £275K, average is £107.5K. £652/m² to £3.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£135.5K12/200.01 mi22, Mill Street, Stockton-on-tees TS20 1AB2
£136K09/210.01 mi21, Mill Street, Stockton-on-tees TS20 1AB2
£121.5K06/210.01 mi28, Mill Street, Stockton-on-tees TS20 1AB2
£225K01/240.05 mi9, Pinder Close, Stockton-on-tees TS20 1TN2
£240K06/230.08 mi2, Mallory Road, Norton, Stockton-on-tees TS20 1TJ2
£115K10/200.08 mi25, Mallory Road, Norton, Stockton-on-tees TS20 1TJ2
£115K04/210.08 mi27, Mallory Road, Norton, Stockton-on-tees TS20 1TJ2
£105K01/230.11 mi8, Cameron Street, Stockton-on-tees TS20 1HW2
£75K02/210.13 mi6, Priory Gardens, Norton, Stockton-on-tees TS20 1BJ2
£150K02/240.13 mi15, Priory Gardens, Norton, Stockton-on-tees TS20 1BJ2
£174K11/210.15 mi1a, Cameron Street, Stockton-on-tees TS20 1HW2
£115K11/230.15 mi7, Cameron Street, Stockton-on-tees TS20 1HW2
£98.5K11/210.15 mi7, Cameron Street, Stockton-on-tees TS20 1HW2
£102K08/230.15 mi23, Cameron Street, Stockton-on-tees TS20 1HW2
£100K03/230.15 mi3, Cameron Street, Stockton-on-tees TS20 1HW2
£95K11/230.15 mi6, Balder Road, Norton, Stockton-on-tees TS20 1BE2
£100K09/210.16 mi17, Stanley Street, Norton, Stockton-on-tees TS20 1HG2
£90K11/210.16 mi20, Stanley Street, Norton, Stockton-on-tees TS20 1HG2
£88.5K05/210.16 mi5, Stanley Street, Norton, Stockton-on-tees TS20 1HG2
£145K07/230.16 mi58, The Green, Norton, Stockton-on-tees TS20 1DT2
£105K11/220.17 mi35, Stanley Street, Norton, Stockton-on-tees TS20 1HQ2
£119.3K11/210.18 mi50, Oakwell Road, Stockton-on-tees TS20 1HL2
£142.3K08/210.18 mi48, Oakwell Road, Stockton-on-tees TS20 1HL2
£145K01/240.18 mi52, Oakwell Road, Stockton-on-tees TS20 1HL2
£74.5K07/210.2 mi26, Leven Road, Stockton-on-tees TS20 1BQ2
£94K08/210.23 mi1, Hermitage Place, Stockton-on-tees TS20 1DZ2
£120.7K05/210.26 mi61, Beaconsfield Road, Stockton-on-tees TS20 1JL2
£125K11/210.26 mi23, Beaconsfield Road, Stockton-on-tees TS20 1JL2
£98K11/200.26 mi37, Beaconsfield Road, Stockton-on-tees TS20 1JL2
£82.5K08/210.27 mi11, Esk Road, Stockton-on-tees TS20 1AT2
£107K04/240.29 mi21, Pine Street, Stockton-on-tees TS20 2SP2
£90K12/200.29 mi24, Pine Street, Stockton-on-tees TS20 2SP2
£135K12/210.3 mi44, Fuller Crescent, Stockton-on-tees TS20 1HB2
£125K05/240.3 mi10, Milner Road, Stockton-on-tees TS20 1EG2
£81K12/210.3 mi7, Wrightson Street, Stockton-on-tees TS20 1AU2
£75K05/210.3 mi9, Wrightson Street, Stockton-on-tees TS20 1AU2
£84K01/210.3 mi3, Wrightson Street, Stockton-on-tees TS20 1AU2
£43K12/220.3 mi2, Wrightson Street, Stockton-on-tees TS20 1AU2
£108K07/210.32 mi30, Benson Street, Stockton-on-tees TS20 2SR2
£110K07/230.32 mi17, Benson Street, Stockton-on-tees TS20 2SR2
£115K12/220.32 mi5, Benson Street, Stockton-on-tees TS20 2SR2
£70K03/240.32 mi30, Benson Street, Stockton-on-tees TS20 2SR2
£180.5K03/210.34 mi11, Mallard Lane, Stockton-on-tees TS20 1NE2
£78.5K10/200.34 mi7, Cross Street, Stockton-on-tees TS20 2SS2
£68K02/230.35 mi114, Billingham Road, Stockton-on-tees TS20 2SB2
£74.8K03/240.36 mi15, Cross Street, Stockton-on-tees TS20 2SS2
£97K08/230.36 mi18, Lune Road, Stockton-on-tees TS20 1AZ2
£115K08/210.37 mi10, Costain Grove, Stockton-on-tees TS20 1JW2
£275K07/230.37 mi44, Fulthorpe Road, Stockton-on-tees TS20 1QH2
£160K10/230.37 mi66, Fulthorpe Road, Stockton-on-tees TS20 1QH2

Local Rents

39 rents from £450/mo to £850/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£67510/240.02 mi-2
£70010/240.14 miHigh Street, Norton, Stockton-on-Tees, Cleveland , TS20 1DR2
£59503/250.2 mi-2
£77510/240.23 mi-2
£85010/240.28 miHarland House, Norton, Stockton-on-tees2
£62510/240.3 mi-2
£70010/240.57 miNorton Road, Stockton-on-Tees, TS202
£60003/250.77 mi-2
£62510/240.77 miNorth Mount Pleasant Street, Stockton-On-Tees, Durham, TS202
£69510/240.79 miNorton, Stockton-On-Tees, TS19 0JB2
£60010/240.79 miChadburn Road, Stockton-On-Tees2
£60003/250.79 mi-2
£59002/240.79 mi-2
£60007/240.79 mi-2
£65010/240.81 mi-2
£65010/240.81 miHeworth Drive, Stockton On Tees, TS202
£81804/250.82 mi-2
£65002/250.83 mi-2
£59510/240.84 miSwinburn Road, Norton, TS202
£55010/240.85 miBelle Vue Court, Stockton2
£55010/240.87 miBelle Vue Court, STOCKTON-ON-TEES2
£65010/240.87 mi-2
£70003/250.87 mi-2
£65010/240.87 mi-2
£72510/240.88 mi-2
£47501/250.89 mi-2
£45009/230.89 mi-2
£65010/240.93 miThe Green, Billingham, Stockton on Tees, TS23 1ER2
£62512/240.97 mi-2
£59510/240.98 miHarpers Green, Stockton-On-Tees, TS202
£75003/250.99 mi-2
£75003/250.99 mi-2
£65010/241.03 mi-2
£65010/241.03 miHarpers Green, Norton, Stockton On Tees2
£69503/251.04 mi-2
£62510/241.06 mi-2
£49510/241.08 miNorton Road, Stockton-On-Tees, Durham, TS202
£48010/241.08 miRose Court, Ware Street, Stockton-On-Tees, Durham, TS202
£47007/241.1 mi-2

Local Area Statistics

Population in TS20

20,663

Population in Stockton-on-Tees

149,709

Town centre distance

1.36 miles away

Nearest school

0.10 miles away

Nearest train station

1.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £100,000

May 3, 2024

Floor Plans

Description

  • 2 Bed Terrace +
  • Additional Loft Space +
  • Great Renovation Project +
  • Great Investment Opportunity +
  • Sought After Area +

The Property
Situated in the heart of Stockton-on-Tees, Mill Street presents an exciting investment opportunity for those with a keen eye for renovation projects. This two-bedroom terrace property, with additional loft space, offers endless potential for transformation into a charming and contemporary home.

Upon approach, the traditional façade of the property exudes character, hinting at the potential within.

Stepping inside, the ground floor comprises a spacious living area, providing a blank canvas for imaginative design and layout. With a little creativity, this space can be transformed into a welcoming lounge, perfect for relaxation and entertainment.

The kitchen, located adjacent to the living area, offers scope for modernization and customization to suit individual tastes and preferences. With careful planning, this space can be transformed into a functional culinary haven, ideal for culinary enthusiasts.

Ascending to the first floor, you will find two generously sized bedrooms, offering comfortable accommodation for residents or potential tenants. These rooms provide ample opportunity for refurbishment to create cosy and inviting sleeping quarters.

Additionally, this property benefits from an additional loft space, presenting the possibility of expansion or conversion, subject to necessary planning permissions. This additional area adds versatility to the property, allowing for the realization of further living space or a bespoke retreat.

Externally, the property features a private rear yard, offering potential for outdoor seating or gardening opportunities. This space can be enhanced to create a tranquil outdoor oasis, perfect for enjoying the fresh air and sunshine.

With its prime location in Stockton-on-Tees and the promise of a rewarding renovation project, Mill Street represents an exceptional investment opportunity for those seeking to add value and create a bespoke living space tailored to their vision.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Teesside

020 3889 9090

Next Steps?

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