3 Bed Semi-Detached House, Refurb/BRRR, Stockton-on-Tees, TS19 7NF, £159,950

37 Fairville Road, Stockton-On-Tees, TS19 7NF - 9 months ago

Refurb/BRRR
90 m²
+7 photos

ValuationFair Value

Sold Prices£98K - £226K
Sold Prices/m²£1K/m² - £3.3K/m²

 

 

Square Metres

90 m²
Price/m²£1.8K/m²

Value Estimate

£159,231

 

 

End Value (After Refurb)

£177,139

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£9,198

Refurb Costs

£35,586

Bridging Loan Interest

£4,199

Total Cash In

£90,720

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,139

Mortgage (After Refinance)

£132,854

Mortgage LTV

75%

Cash Released

£12,891

Cash Left In

£77,828

Equity

£44,285

Rent Range

£410 - £1,400

Rent Estimate

£759

Running Costs/mo

£725

Cashflow/mo

£34

Cashflow/yr

£404

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £98K to £226K, average is £157.5K. £1K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£200K07/230.01 mi60, Fairville Road, Stockton-on-tees TS19 7NF3
£158K06/230.01 mi58, Fairville Road, Stockton-on-tees TS19 7NF3
£98K04/230.09 mi1, Aycliffe Close, Stockton-on-tees TS19 7NU3
£169K11/200.09 mi8, Fairville Road, Stockton-on-tees TS19 7NA3
£120K12/230.12 mi4, Langham Walk, Stockton-on-tees TS19 7NX3
£125K03/210.13 mi47, Limbrick Avenue, Stockton-on-tees TS19 7NN3
£202K02/230.13 mi27, Leonard Ropner Drive, Stockton-on-tees TS19 7QG3
£162.5K07/210.14 mi56, Leonard Ropner Drive, Stockton-on-tees TS19 7QQ3
£120K12/220.16 mi7, Cornfield Road, Stockton-on-tees TS19 7PF3
£113.5K12/230.16 mi9, Cornfield Road, Stockton-on-tees TS19 7PF3
£112K01/230.18 mi201, Bishopton Road West, Stockton-on-tees TS19 7LT3
£127K09/210.19 mi246, Surbiton Road, Stockton-on-tees TS19 7SF3
£215K05/240.19 mi21, Scalby Grove, Stockton-on-tees TS19 7RP3
£207.5K05/230.21 mi5, Lyndon Way, Stockton-on-tees TS18 5QG3
£120K01/210.21 mi12, Glenfield Road, Stockton-on-tees TS19 7PH3
£115K04/210.22 mi248, Surbiton Road, Stockton-on-tees TS19 7SF3
£167K01/230.22 mi5, Glenfield Road, Stockton-on-tees TS19 7PW3
£146.5K05/210.22 mi12, Lingfield Road, Stockton-on-tees TS19 7PJ3
£136K01/210.23 mi39, Kirkwall Close, Stockton-on-tees TS19 7SE3
£226K12/220.24 mi51, Moulton Grove, Stockton-on-tees TS19 7RJ3
£155K07/210.24 mi10, Gwynn Close, Stockton-on-tees TS19 7LS3
£160K08/230.24 mi165, Surbiton Road, Fairfield, Stockton-on-tees TS19 7SH3
£165K02/230.25 mi33, Biretta Close, Stockton-on-tees TS19 7LW3
£225K10/200.25 mi25, Biretta Close, Stockton-on-tees TS19 7LW3
£161K08/210.26 mi31, Sadberge Grove, Stockton-on-tees TS19 7RN3
£185K07/210.26 mi12, Sadberge Grove, Stockton-on-tees TS19 7RN3
£133K03/230.26 mi41, Barrhead Close, Stockton-on-tees TS19 7SB3
£180K12/220.27 mi88, Surbiton Road, Hartburn, Stockton-on-tees TS18 5QE3
£169.9K04/210.27 mi8, Greenfields Way, Stockton-on-tees TS18 5QD3
£172.5K07/230.27 mi33, Greenfields Way, Stockton-on-tees TS18 5QD3
£135K11/230.28 mi145, Fairfield Road, Stockton-on-tees TS19 7HQ3
£130K11/200.28 mi165, Fairfield Road, Stockton-on-tees TS19 7HQ3
£142K10/210.28 mi34, Shannon Crescent, Stockton-on-tees TS19 7JG3
£142.5K03/210.28 mi329, Surbiton Road, Stockton-on-tees TS19 7SA3
£175.5K06/230.28 mi269, Surbiton Road, Fairfield, Stockton-on-tees TS19 7SA3
£122K03/210.32 mi141, Bishopton Road West, Stockton-on-tees TS19 7HD3
£180K12/220.32 mi66, Wimpole Road, Stockton-on-tees TS19 7LP3
£164K04/240.32 mi54, Wimpole Road, Stockton-on-tees TS19 7LP3
£175K06/210.32 mi50, Wimpole Road, Stockton-on-tees TS19 7LP3
£142.5K03/210.32 mi50, Maria Drive, Stockton-on-tees TS19 7JN3
£207.5K07/230.32 mi42, Maria Drive, Stockton-on-tees TS19 7JN3
£157K07/210.32 mi35, Manor Place, Stockton-on-tees TS19 7HF3
£205K08/230.32 mi16, Manor Place, Stockton-on-tees TS19 7HF3
£160K08/230.35 mi1, Fordwell Road, Stockton-on-tees TS19 7JY3
£153K08/230.35 mi7, Armadale Close, Stockton-on-tees TS19 7SD3
£150K02/230.35 mi22, Armadale Close, Stockton-on-tees TS19 7SD3
£185K04/230.37 mi31, Upsall Grove, Stockton-on-tees TS19 7BN3
£120K11/200.37 mi35, Bishopton Court, Stockton-on-tees TS19 7HJ3
£151K04/230.37 mi5, Bishopton Court, Stockton-on-tees TS19 7HJ3
£135K03/210.39 mi9, Merring Close, Stockton-on-tees TS18 5QA3

Local Rents

40 rents from £410/mo to £1.4K/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£69510/240.19 mi-3
£70001/250.19 mi-3
£82510/240.39 mi-3
£82510/240.39 mi-3
£82511/240.39 mi-3
£82511/240.39 mi-3
£82510/240.39 miMerring Close, Stockton On Tees, TS183
£89510/240.44 miFontwell Close, Stockton-On-Tees, TS193
£85002/250.49 mi-3
£82510/240.58 mi-3
£80012/240.59 mi-3
£79510/240.66 miHarewood Crescent, Stockton-On-Tees, TS19 0SZ3
£90010/240.73 miHarrowgate Lane, Stockton-On-Tees, Durham, TS193
£85010/240.77 mi-3
£79510/240.85 miMarske Lane, Stockton-On-Tees, Cleveland, TS193
£1,40002/250.91 mi-3
£65010/240.92 miTithe Barn Road, Stockton-On-Tees, Durham, TS193
£1,15010/240.92 miDunedin Avenue, Stockton-on-Tees3
£75010/240.93 mi-3
£41011/240.93 mi-3
£41011/240.93 mi-3
£41010/240.93 mi-3
£41010/240.93 mi-3
£75002/251.01 mi-3
£75002/251.01 mi-3
£65010/241.04 miCoundon Green, Stockton-On-Tees, Durham, TS193
£72510/241.08 miFleming Close, Stockton-On-Tees, Durham, TS193
£58010/241.09 mi-3
£75003/251.17 mi-3
£69510/241.18 mi-3
£70010/241.18 mi-3
£65002/251.18 mi-3
£67510/241.19 mi-3
£69509/241.19 mi-3
£69509/241.19 mi-3
£69510/241.21 miHigh Newham Road, Stockton-On-Tees, Durham, TS193
£69502/251.22 mi-3
£69503/251.22 mi-3
£63010/241.22 mi-3
£67502/251.22 mi-3

Local Area Statistics

Population in TS19

37,087

Population in Stockton-on-Tees

149,709

Town centre distance

1.52 miles away

Nearest school

0.10 miles away

Nearest train station

1.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £159,950

June 18, 2024

Floor Plans

Description

  • No Onward Chain +
  • Front & Rear Garden +
  • Spacious Plot +
  • Ample Private Parking +
  • Highly Desirable Area +

Igomove are delighted to present this semi detached, three bedroom home in the highly desirable area of Fairfield to the market. Fairville Road is conveniently within a host of amenities only a stones throw away as well as quick access onto major routes connecting you to major towns. We recognise this property is in need of modernising however has plenty of potential to become an excellent family home, more than it already is.

The accommodation briefly comprises of a front porch which leads to the highly spacious and light filled hallway. The lounge to the immediate left is to front aspect, enjoys spacious living accommodation and is directly interconnected with the dining room. The dining room lies to rear aspect, enjoying views onto the garden. Moving into the kitchen, you’ll find plumbing for a washing machine and ample space for further cooking appliances. The conservatory is a gorgeous space, flooded with natural light, an ideal sanctuary to relax and unwind with views overlooking the rear. Completing the downstairs accommodation is the conveniently placed downstairs WC in the hallway.

Moving upstairs, you’ll find three well appointed bedrooms, the master of which enjoys fitted wardrobes and is generously sized. Bedroom two, of similar size lies to rear aspect and bedroom three is also highly spacious. The family bathroom comprises a fitted bath, wash basin and WC.

Externally, the home enjoys ample private parking to the front which leads to a single detached garage. Too the rear, you’ll find a spacious garden which holds a lot of potential. Make this home your own and book your viewing today. Igomove are open 7 days a week

Agent Details

igomove, Covering North East

01429 801165

Next Steps?

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