4 Bed HMO, Stockton-on-Tees, TS17 6LJ, £75,000

Under Offer

HMO

Refurb/BRRR

ROI: 11%

~129 m²

+6 photos

ValuationFair Value

Sold Prices	£50K - £410K
Sold Prices/m²	£538/m² - £2.6K/m²

Square Metres	~129.26 m²
Price/m²	£580/m²
Value Estimate	£76,500£76,500

End Value (After Refurb)	£106,099£106,099
Uplift in Value	+41%+41%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£18,750£18,750
Stamp Duty & Legal Fees	£4,950£4,950
Refurb Costs	£51,215£51,215
Bridging Loan Interest	£1,969£1,969
Total Cash In	£78,634£78,634

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£106,099£106,099
Mortgage (After Refinance)	£79,574£79,574
Mortgage LTV	75%75%
Cash Released	£23,324£23,324
Cash Left In	£55,310£55,310
Equity	£26,525£26,525
Room Rate	£455£455
Gross Rent	£1,820£1,820
Running Costs/mo	£1,125£1,125
Cashflow/mo	£695£695
Cashflow/yr	£8,339£8,339
ROI	11%11%
Gross Yield	29%29%

Local Sold Prices

24 sold prices from £50K to £410K, average is £125K. £538/m² to £2.6K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£85K	08/23	0 mi	7, Oxford Road, Thornaby, Stockton-on-tees TS17 6LJ	£733	116	4	Terraced House
£50K	03/21	0.05 mi	84, Victoria Road, Thornaby, Stockton-on-tees TS17 6HW	-	-	4	Semi-Detached House
£125K	10/23	0.17 mi	13a, Chestnut Grove, Thornaby, Stockton-on-tees TS17 8AN	£1,603	78	4	Semi-Detached House
£125K	12/20	0.17 mi	54, Gilmour Street, Thornaby, Stockton-on-tees TS17 6JR	£1,404	89	4	Detached House
£50K	10/23	0.17 mi	43, Westbury Street, Thornaby, Stockton-on-tees TS17 6NP	£538	93	4	Terraced House
£175K	07/21	0.2 mi	96, Lanehouse Road, Thornaby, Stockton-on-tees TS17 8EA	£1,411	124	4	Semi-Detached House
£105K	01/24	0.23 mi	8, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR	£947	111	4	Terraced House
£120K	01/21	0.27 mi	35, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PL	£1,154	104	4	Terraced House
£185K	02/23	0.38 mi	6, Taransay View, Thornaby, Stockton-on-tees TS17 8GD	-	-	4	Semi-Detached House
£80K	01/24	0.44 mi	59, Redcar Road, Thornaby, Stockton-on-tees TS17 8LW	£755	106	4	Semi-Detached House
£91K	12/20	0.45 mi	4, Walkley Avenue, Thornaby, Stockton-on-tees TS17 8LA	-	-	4	Semi-Detached House
£130K	08/21	0.67 mi	2, Overton Way, Stockton-on-tees TS18 3AP	£1,130	115	4	Semi-Detached House
£123K	02/24	0.68 mi	35, Cumbernauld Road, Thornaby, Stockton-on-tees TS17 9AZ	£1,340	92	4	Semi-Detached House
£145K	10/22	0.69 mi	3, Davy Close, Stockton-on-tees TS18 3DE	£1,495	97	4	Detached House
£169K	11/20	0.69 mi	184, Thorntree Road, Thornaby, Stockton-on-tees TS17 8HL	£1,363	124	4	Semi-Detached House
£140K	10/21	0.71 mi	12, Timothy Court, Stockton-on-tees TS18 3AU	£1,889	74	4	Semi-Detached House
£95K	07/21	0.71 mi	25, Trinity Mews, Thornaby, Stockton-on-tees TS17 6BQ	£812	117	4	Terraced House
£142K	02/21	0.75 mi	68, Wensleydale Gardens, Thornaby, Stockton-on-tees TS17 9BP	£1,224	116	4	Detached House
£320K	06/21	0.8 mi	2, Orchard Road, Thornaby, Stockton-on-tees TS17 0AW	£2,602	123	4	Semi-Detached House
£410K	11/23	0.81 mi	31, The Green, Thornaby, Stockton-on-tees TS17 0AP	£2,628	156	4	Detached House
£141K	10/21	0.81 mi	45, Millbank Lane, Thornaby, Stockton-on-tees TS17 8JT	£1,185	119	4	Semi-Detached House
£67K	10/23	0.91 mi	25, Grove Street, Stockton-on-tees TS18 3JA	£606	110	4	Terraced House
£154K	08/23	0.92 mi	12, Hillwood Court, Thornaby, Stockton-on-tees TS17 0LP	£1,400	110	4	Semi-Detached House
£60K	10/23	0.93 mi	4, Dennison Street, Stockton-on-tees TS18 3JJ	£732	82	4	Terraced House

Local Area Statistics

Population in TS17	44,64744,647
Population in Stockton-on-Tees	149,709149,709
Town centre distance	1.74 miles away1.74 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.48 miles away0.48 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £75,000

June 28, 2024

Description

Lounge +
Breakfasting Kitchen +
Ground Floor Bathroom +
4 Bedrooms +
First Floor Bathroom +
Driveway +
Rear Yard +
BUYERS PREMIUM MAY APPLY +

Jospeh Harris Estate Agents are pleased to offer this spacious FOUR BEDROM End of Terrace situated on Oxford Road. In need of full refurbishment this is ideal for first time buyers/investors to put their own stamp, convert into a HMO or two self contained flats.

Property Benefits from ample off road parking and rear yard.

Briefly comprising; Entrance Hall, Lounge Diner, Breakfasting Kitchen, Bathroom, Four Bedrooms to the first floor along with a Bathroom.

Entrance Hallway
Composite front door.

Lounge 26'06 x 12'07
Bay window to front aspect, separate window to side aspect.

Breakfasting Kitchen 22'05 x 10'03
Windows to rear aspect, door to rear yard.

Bathroom 7'02 x 5'05
Window to rear aspect

Bedroom 1 - 11'09 x 9'08
Window to front aspect.

Bedroom 2 - 12'09 x 10'09
Window to side aspect.

Bedroom 3 - 10'03 x 6'09
Window to side aspect.

Bedroom 4 7'07 x 6'09
Window to front aspect

Agent Details

JOSEPH HARRIS ESTATE AGENTS LTD, Middlesborough

01642 056299

Next Steps?

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