3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS3 8JA, £50,000

Basildon Green, Berwick Hills, Middlesbrough, TS3 8JA - 2 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²

ValuationUndervalued

Sold Prices£32.5K - £175K
Sold Prices/m²£417/m² - £1.5K/m²

 

 

Square Metres

~93 m²
Price/m²£538/m²

Value Estimate

£70,000

 

 

End Value (After Refurb)

£73,977

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£36,697

Bridging Loan Interest

£1,313

Total Cash In

£55,560

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£73,977

Mortgage (After Refinance)

£55,483

Mortgage LTV

75%

Cash Released

£17,983

Cash Left In

£37,577

Equity

£18,494

Rent Range

£420 - £995

Rent Estimate

£600

Running Costs/mo

£371

Cashflow/mo

£229

Cashflow/yr

£2,746

ROI

5%

Gross Yield

14%

Local Sold Prices

50 sold prices from £32.5K to £175K, average is £71K. £417/m² to £1.5K/m², average is £838/m².

PriceDateDistanceAddressBeds 
£61K04/230.08 mi2, Cottingham Drive, Middlesbrough TS3 8LB3
£83K01/230.09 mi8, Bordesley Green, Middlesbrough TS3 8HP3
£60K01/210.16 mi10, Cranmore Road, Middlesbrough TS3 8JF3
£72K09/210.18 mi29, Cotswold Avenue, Middlesbrough TS3 8JN3
£64K06/210.26 mi14, Lowfield Avenue, Middlesbrough TS3 9BB3
£69K02/210.27 mi9, Desford Green, Middlesbrough TS3 8LW3
£56.3K05/210.27 mi18, Kestrel Avenue, Middlesbrough TS3 8EG3
£62K11/220.27 mi14, Kestrel Avenue, Middlesbrough TS3 8EG3
£81K11/220.28 mi89, Homerton Road, Middlesbrough TS3 8PN3
£105K03/230.28 mi38, Falcon Road, Middlesbrough TS3 8EE3
£90K01/230.28 mi21, Falcon Road, Middlesbrough TS3 8EE3
£55.3K12/200.28 mi14, Marshall Avenue, Middlesbrough TS3 9AU3
£52K03/230.31 mi10, Norcliffe Street, Middlesbrough TS3 6PS3
£95K01/230.31 mi61, Merlin Road, Middlesbrough TS3 8EB3
£82.5K03/230.32 mi12, Burnholme Avenue, Middlesbrough TS3 9DA3
£55K01/230.34 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£52.5K03/210.35 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£63K02/210.35 mi123, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£63.5K03/210.37 mi7, Eltisley Green, Middlesbrough TS3 8NB3
£126K12/220.38 mi12, Lavender Road, Middlesbrough TS3 7AE3
£65K05/210.38 mi78, Kings Road, North Ormesby, Middlesbrough TS3 6EU3
£48.5K08/210.4 mi12, Tunstall Street, Middlesbrough TS3 6PE3
£52K12/220.4 mi9, Ryedale Street, Middlesbrough TS3 6PF3
£73K03/230.41 mi20, Berwick Hills Avenue, Middlesbrough TS3 9BX3
£46K10/210.41 mi25, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£54K05/230.41 mi32, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£48.5K05/230.42 mi47, Jubilee Street, Middlesbrough TS3 6QJ3
£175K06/230.43 mi26, Millfield Road, Middlesbrough TS3 6ES3
£88K12/200.44 mi56, Ingram Road, Middlesbrough TS3 7AZ3
£68K03/210.44 mi51, Marshall Avenue, Middlesbrough TS3 9AY3
£75K04/210.45 mi6, Westerdale Road, Middlesbrough TS3 7RF3
£80K01/230.46 mi10, Matford Avenue, Middlesbrough TS3 9AZ3
£32.5K11/200.46 mi43, Coltman Street, Middlesbrough TS3 6JA3
£64K01/210.48 mi14, College Road, Middlesbrough TS3 9EW3
£126K05/230.48 mi23, Oakfield Road, Middlesbrough TS3 6EL3
£66.5K03/230.49 mi19, Malling Walk, Middlesbrough TS3 8QH3
£68K02/210.49 mi4, Malling Walk, Middlesbrough TS3 8QH3
£92.5K02/210.5 mi18, Graygarth Road, Middlesbrough TS3 7QW3
£78K09/210.51 mi29, Bradhope Road, Middlesbrough TS3 7BB3
£90K06/210.51 mi25, Crossfell Road, Middlesbrough TS3 7PE3
£82K05/210.51 mi2, Penhill Close, Middlesbrough TS3 7RA3
£80K04/210.52 mi9, Bransdale Road, Middlesbrough TS3 7QG3
£108K02/230.59 mi84, College Road, Middlesbrough TS3 9EP3
£95K03/210.59 mi55, Bradhope Road, Middlesbrough TS3 7BE3
£95K06/230.59 mi16, Raisegill Close, Middlesbrough TS3 7BN3
£70K02/210.61 mi54, Darenth Crescent, Middlesbrough TS3 7JY3
£70K06/210.61 mi112, Pallister Avenue, Middlesbrough TS3 9DN3
£72K08/210.62 mi135, Bradhope Road, Middlesbrough TS3 7BT3
£85K12/220.62 mi164, Ingram Road, Middlesbrough TS3 7BU3
£76K11/220.63 mi4, Cobblewood, Middlesbrough TS3 9RW3

Local Rents

42 rents from £420/mo to £995/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£65002/240.11 mi-3
£67510/240.16 miCottingham Drive, Middlesbrough3
£74510/240.28 mi-3
£99510/240.28 mi-3
£79510/240.29 mi-3
£65011/240.3 mi-3
£69509/240.31 mi-3
£79510/240.31 mi-3
£85004/250.32 mi-3
£65004/250.33 mi-3
£52503/250.33 mi-3
£65010/240.33 mi-3
£79510/240.38 mi-3
£69504/250.38 mi-3
£79510/240.38 miBeaumont Road, Middlesbrough, TS33
£79504/250.38 mi-3
£69510/240.4 miPilkington Street, Middlesbrough, North Yorkshire, TS3 6JN3
£80003/250.41 mi-3
£65012/230.42 mi-3
£67012/230.42 mi-3
£80004/250.42 mi-3
£85010/240.43 miAston Avenue, Middlesbrough3
£75007/240.43 mi-3
£75012/240.43 mi-3
£69510/240.46 miJubilee Street, Middlesbrough, TS33
£69510/240.46 mi-3
£69502/250.46 mi-3
£79504/250.46 mi-3
£89511/240.46 mi-3
£70011/240.46 mi-3
£80011/240.46 mi-3
£80011/240.46 mi-3
£79504/250.47 mi-3
£67511/240.48 mi-3
£79501/250.49 mi-3
£79501/250.49 mi-3
£62502/240.49 mi-3
£65004/250.5 mi-3
£62510/240.51 miPremier Road, Middlesbrough, North Yorkshire, TS33
£42010/240.54 mi-3
£75010/240.58 miMarshall Avenue, Thorntree3
£89504/250.6 mi-3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.15 miles away

Nearest school

0.30 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £50,000

March 12, 2025

Listed for £70,000

July 18, 2024

Description

  • INVESTMENT OPPORTUNITY +
  • FAMILY HOME +
  • NO FORWARD CHAIN +
  • IN NEED OF MODERNISATION +
  • THREE BEDROOMS +
  • EPC RATING D +

* No Forward Chain * Investment Opportunity * Three Bedrooms * Lounge * Kitchen & Garden Room * In Need Of Modernisation * Berwick Hills Location * Close to Local Amenities and Public Transport Links * Potential Rental Income £600 - £700 PCM * EPC Rating D *

Ns Estates welcome for sale this three bedroom semi-detached house located in Berwick Hills, Middlesbrough. Property is offered with no forward chain and vacant possession. The home is in need of modernisation with a potential rental income of £600 - £700 PCM could make an ideal investment opportunity.

Compromising of:- Entrance hall, lounge, kitchen and garden room to ground floor, stairs leading to first floor landing providing access to three bedrooms and family bathroom. Externally there are front and rear gardens.
Hall
Entrance via upvc double glazed door. Access to lounge. Radiator. Stairs to first floor landing.
Lounge
Double glazed window to front aspect and radiator. Access to kitchen.
Kitchen/Diner & Garden Room
Fitted wall and base units. Roll top work surfaces. One and half bowl stainless steel sink unit with drainer and mixer tap. Space and plumbing for washing machine. Exit door leading to rear garden. Double glazed window to side aspect. Dining area provides space for family dining with radiator.

Garden room has double glazed windows to side and rear aspect.
First Floor Landing
Provides access to bedrooms and bathroom. Double glazed window to side aspect.
Bedroom 1
Double glazed window to front aspect. Radiator and built in storage cupboard.
Bedroom 2
Double glazed window to front aspect and radiator
Bedroom 3
Double glazed window to rear aspect and radiator
Bathroom
Fitted with white three piece suite comprising of:- panelled bath, pedestal wash hand basin and low level wc. Decorative panelling to walls. Double glazed window to rear aspect.

IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We cannot also confirm at this stage of marketing the tenure of this house.

Agent Details

NS Estates, Middlesbrough

01642 937591

Next Steps?

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