5 Bed Terraced House, Refurb/BRRR, Stockton-on-Tees, TS20 2BY, £180,000

311 Norton Road, Stockton-on-tees, Stockton-on-tees, TS20 2BY - 1 views - 7 months ago

Auction
Refurb/BRRR
~178 m²
+9 photos

ValuationFair Value

Sold Prices£69.3K - £560K
Sold Prices/m²£542/m² - £3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1K/m²

Value Estimate

£180,000

 

 

End Value (After Refurb)

£205,618

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£70,349

Bridging Loan Interest

£4,725

Total Cash In

£128,424

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£205,618

Mortgage (After Refinance)

£154,213

Mortgage LTV

75%

Cash Released

£19,213

Cash Left In

£109,211

Equity

£51,404

Rent Range

£450 - £1,100

Rent Estimate

£712

Running Costs/mo

£805

Cashflow/mo

£-93

Cashflow/yr

£-1,115

Gross Yield

5%

Local Sold Prices

28 sold prices from £69.3K to £560K, average is £278.3K. £542/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£276.5K03/210.16 mi357, Norton Road, Stockton-on-tees TS20 2PH5
£69.3K05/210.63 mi107, Darlington Lane, Stockton-on-tees TS20 1BW5
£560K08/221.06 mi67, Junction Road, Norton, Stockton-on-tees TS20 1PR5
£400K11/231.14 mi188, Bishopton Road, Stockton-on-tees TS18 4PH5
£185K08/231.18 mi83, The Glebe, Stockton-on-tees TS20 1RD5
£382.5K05/211.23 mi6b, Crooks Barn Lane, Stockton-on-tees TS20 1LW5
£412K10/201.23 mi25, Crooks Barn Lane, Stockton-on-tees TS20 1LW5
£232.5K12/201.29 mi26, Countisbury Road, Stockton-on-tees TS20 1PZ5
£280K01/211.35 mi5, Rook Lane, Stockton-on-tees TS20 1SD5
£140K01/211.36 mi15, Jenner Drive, Stockton-on-tees TS19 8RE5
£230K02/211.4 mi49, Meridian Way, Stockton-on-tees TS18 4QH5
£282K09/211.4 mi23, Meridian Way, Stockton-on-tees TS18 4QH5
£345K07/231.4 mi64, Meridian Way, Stockton-on-tees TS18 4QH5
£250K03/211.52 mi39, Richmond Road, Stockton-on-tees TS18 4DS5
£416K11/221.62 mi1, Burnside Court, Stockton-on-tees TS18 4EU5
£500K03/231.64 mi189, Oxbridge Lane, Stockton-on-tees TS18 4JB5
£420K01/211.65 mi23, Burnside Grove, Stockton-on-tees TS18 4ET5
£235K10/231.71 mi3, Fuchsia Grove, Stockton-on-tees TS19 7DR5
£273.8K07/231.83 mi16, Hartburn Lane, Stockton-on-tees TS18 3QH5
£175K02/231.91 mi78, Langley Avenue, Thornaby, Stockton-on-tees TS17 7HF5
£205K01/241.93 mi1, Springfield Avenue, Stockton-on-tees TS18 4EH5
£420K11/201.93 mi31, Greens Valley Drive, Stockton-on-tees TS18 5QH5
£440K11/221.93 mi53, Greens Valley Drive, Stockton-on-tees TS18 5QH5
£390K05/231.93 mi37, Greens Valley Drive, Stockton-on-tees TS18 5QH5
£265K01/211.95 mi26, Kingsley Road, Stockton-on-tees TS18 5AQ5
£180K11/201.97 mi11, Denholme Avenue, Stockton-on-tees TS18 3QE5
£260K12/201.99 mi26, Van Mildert Way, Stockton-on-tees TS18 3UF5
£305K09/231.99 mi26, Van Mildert Way, Stockton-on-tees TS18 3UF5

Local Rents

21 rents from £450/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£80011/240.04 mi-4
£45010/240.06 miTrent Street, Norton, Stockton-On-Tees, TS20 2DP3
£54201/250.09 mi-3
£82511/240.16 mi-3
£77510/240.19 miGladesfield Road, Norton 3
£85008/240.22 mi-3
£90008/240.23 mi-3
£80008/240.33 mi-3
£72510/240.33 miGreylands Avenue, Stockton-On-Tees, Durham, TS203
£75010/240.34 miOaklands Avenue, Stockton3
£1,10010/240.38 miNorton Avenue, Stockton-on-Tees3
£45410/240.38 mi-3
£75010/240.41 mi-3
£72010/240.44 miHoneycomb Avenue, Stockton-On-Tees3
£68908/240.46 mi-3
£80010/240.47 mi-3
£70010/240.47 mi-3
£67507/240.49 mi-3
£87512/240.53 mi-4
£70010/240.56 mi-3
£70011/240.61 mi-3

Local Area Statistics

Population in TS20

20,663

Population in Stockton-on-Tees

149,709

Town centre distance

0.82 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £180,000

June 29, 2024

Sold for £90,500

2024

Floor Plans

Description

  • Full Renovation Throughout +
  • 5/6 Bedroom Property +
  • Mid Terrace Property +
  • Investment Opportunity +

To be sold via online auction (07/10/2024 11:00) fees apply

Spacious Six-Bedroom Three-Storey Mid-Terrace Home

Welcome to this impressive six-bedroom mid-terrace property located on the desirable Norton Road in Norton, Stockton-on-Tees. This substantial home spans three storeys, offering ample space and versatile living arrangements perfect for large families or those seeking additional space for home offices or guest accommodations.

Briefly comprising of Entrance, hallway, lounge, reception room, kitchen/dining room and bathroom to the ground floor, three double bedrooms and a family bathroom to the first floor, with a further two bedrooms on the second floor.

Contact us today to arrange a viewing and experience all that this exceptional home has to offer.

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Stockton-On-Tees

01642 056281

Next Steps?

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