3 Bed Terraced House, Refurb/BRRR, Stockton-on-Tees, TS18 3PT, £55,000

1 Park View, Stockton-on-tees, Stockton-on-tees, TS18 3PT - 1 views - 6 months ago

Under Offer
Refurb/BRRR
ROI: 6%
97 m²
+7 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Refurb Costs

£38,383

Bridging Loan Interest

£1,444

Total Cash In

£58,177

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£83,607

Mortgage (After Refinance)

£62,705

Mortgage LTV

75%

Cash Released

£21,455

Cash Left In

£36,721

Equity

£20,902

Rent Range

£595 - £925

Rent Estimate

£730

Running Costs/mo

£427

Cashflow/mo

£303

Cashflow/yr

£3,636

ROI

6%

Gross Yield

16%













Local Rents

10 rents from £595/mo to £925/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£62510/230.2 mi-3
£59510/240.22 miGrove StreetStockton-On-TeesTS18 3JA3
£60010/240.24 miHampton Road, Oxbridge, Stockton, TS18 4DU3
£80010/240.33 mi-3
£80010/240.33 miHope Gardens, Stockton-On-Tees, TS183
£78010/230.42 mi-3
£70010/240.45 mi5 Tarring Street, Stockton-On-Tees, Durham, TS183
£70010/240.45 mi13 Tarring Street, Stockton-On-Tees, Durham, TS183
£77510/240.45 mi-3
£92510/240.46 miCarina Crescent, Stockton-on-Tees3

Local Area Statistics

Population in TS18

24,161

Population in Stockton-on-Tees

149,709

Town centre distance

1.04 miles away

Nearest school

0.30 miles away

Nearest train station

0.93 miles away

 

 

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Listed for £55,000

July 19, 2024

Sold for £15,000

2002

Sold for £16,000

1995

Floor Plans

Description

  • END TERRACE HOUSE +
  • 3 BEDROOMS +
  • 2 RECEPTION ROOMS +
  • NO CHAIN +
  • CLOSE TO ROPNER PARK +
  • REAR YARD +
  • DOUBLE GLAZED & GAS CENTRALLY HEATED +
  • GREAT INVESTMENT OPPORTUNITY +

Offered with NO CHAIN, this three bedroom end terrace house in Stockton presents a solid opportunity for investors, developers, or first time buyers.

This property requires modernisation but holds great potential for those looking to add value. The interior comprises a spacious lounge, dining room, kitchen, and upstairs, three bedrooms along with a family bathroom. The property also benefits from gas central heating, double-glazed windows, and a rear courtyard.

Its proximity to Stockton's schools, shops, amenities, commuter links, and Ropner Park makes it attractive to the rental market. With ample space and potential, this house is ideal for those seeking an investment opportunity or a project with room for improvement. For further information, please contact Gowland White, your trusted Sales and Lettings agents.

Hall -

Lounge - 4.78m x 3.35m (15'8 x 11'0) -

Dining Room - 3.63m x 3.81m (11'11 x 12'6) -

Kitchen - 3.40m x 2.16m (11'2" x 7'1) -

Landing - Open spindle balustrade, uPVC double glazed window.

Bedroom One - 3.91m x 3.53m (12'10 x 11'7) -

Bedroom Two - 3.48m x 3.81m (11'5 x 12'6) -

Bedroom Three - 2.62m x 1.75m (8'7 x 5'9) -

Bathroom - 2.34m x 2.08m (7'8 x 6'10) -

Agent Details

Gowland White, Stockton-On-Tees

01642 130138

Next Steps?

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