2 Bed Terraced House, Single Let, Stockton-on-Tees, TS18 4BJ, £65,000

21 Bishop Street, Stockton-on-Tees, TS18 1SY - 8 months ago

BTL
ROI: 9%
~57 m²
+2 photos

ValuationOvervalued

Sold Prices£31K - £120K
Sold Prices/m²£272/m² - £1.6K/m²

 

 

Square Metres

~56.85 m²
Price/m²£1.1K/m²

Value Estimate

£42,478

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£475 - £750

Rent Estimate

£475

Running Costs/mo

£318

Cashflow/mo

£157

Cashflow/yr

£1,883

ROI

9%

Gross Yield

9%

Local Sold Prices

53 sold prices from £31K to £120K, average is £60K. £272/m² to £1.6K/m², average is £747/m².

PriceDateDistanceAddressBeds 
£52.5K11/210 mi60, Wren Street, Stockton-on-tees TS18 4BJ2
£50K03/210.03 mi49, Norfolk Street, Stockton-on-tees TS18 4BB2
£54K09/230.03 mi28, Norfolk Street, Stockton-on-tees TS18 4BB2
£54K09/230.03 mi28, Norfolk Street, Stockton-on-tees TS18 4BB2
£45K11/210.04 mi47, Suffolk Street, Stockton-on-tees TS18 4BA2
£58.1K10/220.04 mi22, Suffolk Street, Stockton-on-tees TS18 4BA2
£55K01/230.04 mi56, Suffolk Street, Stockton-on-tees TS18 4BA2
£45K04/230.04 mi47, Suffolk Street, Stockton-on-tees TS18 4BA2
£55K05/240.13 mi33, Manfield Street, Stockton-on-tees TS18 1JT2
£84K11/220.14 mi45, Manfield Street, Stockton-on-tees TS18 1JT2
£82.5K12/220.15 mi13, Kensington Road, Stockton-on-tees TS18 4DQ2
£73.5K09/200.15 mi41, Marlborough Road, Stockton-on-tees TS18 4DB2
£47K09/200.15 mi11, Marlborough Road, Stockton-on-tees TS18 4DB2
£61K01/210.15 mi55, Marlborough Road, Stockton-on-tees TS18 4DB2
£54K09/210.15 mi13, Marlborough Road, Stockton-on-tees TS18 4DB2
£63K10/210.15 mi10, Marlborough Road, Stockton-on-tees TS18 4DB2
£62K10/200.15 mi5, Windsor Road, Stockton-on-tees TS18 4DY2
£66.5K12/200.16 mi19, Eton Road, Stockton-on-tees TS18 4DL2
£66.5K12/200.16 mi19, Eton Road, Stockton-on-tees TS18 4DL2
£66.5K06/210.17 mi50, Kensington Road, Stockton-on-tees TS18 4DQ2
£72.5K07/210.17 mi52, Kensington Road, Stockton-on-tees TS18 4DQ2
£75.5K12/220.17 mi23, Kensington Road, Stockton-on-tees TS18 4DQ2
£55K07/230.17 mi2, Kensington Road, Stockton-on-tees TS18 4DQ2
£65K08/210.17 mi18, Egglestone Terrace, Stockton-on-tees TS18 1JR2
£73K02/210.18 mi18, Hampton Road, Stockton-on-tees TS18 4DU2
£75K08/210.18 mi6, Hampton Road, Stockton-on-tees TS18 4DU2
£95K04/230.18 mi53, Hampton Road, Stockton-on-tees TS18 4DU2
£95K02/240.18 mi31, Densham Drive, Stockton-on-tees TS18 3NN2
£66K10/210.19 mi37, Middleton Walk, Stockton-on-tees TS18 1JS2
£39K10/220.23 mi93, Tarring Street, Stockton-on-tees TS18 1HH2
£40K10/230.23 mi55, Tarring Street, Stockton-on-tees TS18 1HH2
£55K10/200.24 mi54, Windsor Road, Stockton-on-tees TS18 4DZ2
£82.5K05/210.24 mi71, Windsor Road, Stockton-on-tees TS18 4DZ2
£40K08/230.24 mi40, Tarring Street, Stockton-on-tees TS18 1HJ2
£40K08/230.24 mi40, Tarring Street, Stockton-on-tees TS18 1HJ2
£45K11/200.25 mi74, St Bernard Road, Stockton-on-tees TS18 1HL2
£75K09/220.27 mi100, Hampton Road, Stockton-on-tees TS18 4DX2
£54K12/230.34 mi14, Melbourne Street, Stockton-on-tees TS18 1PB2
£31K10/200.35 mi22, Dixon Street, Stockton-on-tees TS18 1PE2
£60K06/230.35 mi30, Grove Street, Stockton-on-tees TS18 3JA2
£49.5K05/230.36 mi3, Poplar Grove, Stockton-on-tees TS18 3JD2
£74K09/230.36 mi7, Poplar Grove, Stockton-on-tees TS18 3JD2
£74K09/230.36 mi7, Poplar Grove, Stockton-on-tees TS18 3JD2
£62.5K10/230.36 mi6, Hope Street, Stockton-on-tees TS18 3PS2
£37K01/210.38 mi18, Bute Street, Stockton-on-tees TS18 1NX2
£54K11/220.38 mi14, Bute Street, Stockton-on-tees TS18 1NX2
£42K10/230.38 mi18, Bute Street, Stockton-on-tees TS18 1NX2
£59K11/230.38 mi8, Bute Street, Stockton-on-tees TS18 1NX2
£120K11/200.38 mi5, Grangefield Road, Stockton-on-tees TS18 4LA2
£120K04/210.38 mi11, Grangefield Road, Stockton-on-tees TS18 4LA2
£63K10/230.39 mi15, Whitwell Close, Stockton-on-tees TS18 3JQ2
£60K10/200.39 mi61, Walter Street, Stockton-on-tees TS18 3PP2
£50K12/210.39 mi38, Walter Street, Stockton-on-tees TS18 3PP2

Local Rents

46 rents from £475/mo to £750/mo, average is £555/mo.

RentDateDistanceAddressBeds 
£74507/240.02 mi-2
£60010/240.03 mi50 Norfolk Street, Stockton-On-Tees, Durham, TS182
£57511/240.11 mi-2
£57511/240.11 mi-2
£60510/240.13 mi-2
£52511/230.14 mi-2
£50010/240.16 mi-2
£50010/240.16 miMarlborough Road, Stockton-On-Tees, TS182
£55009/240.16 mi-2
£57503/250.18 mi-2
£75003/250.19 mi-2
£59510/240.22 miWindsor Road, Stockton-On-Tees2
£52510/240.27 miSt. Bernard Road, Stockton-On-Tees2
£48710/240.27 mi-2
£55010/240.28 miYarm Road, Stockton-On-Tees, TS18 3NW2
£47911/240.29 mi-2
£47911/240.29 mi-2
£47911/240.29 mi-2
£56011/230.34 mi-2
£58511/240.34 mi-2
£47510/240.35 mi-2
£57510/240.37 miDovecot Street, Stockton-On-Tees, Durham, TS182
£55012/240.39 mi-2
£60010/240.41 mi-2
£60011/240.41 mi-2
£60011/240.41 mi-2
£49010/240.41 mi-2
£49510/240.42 mi-2
£69912/240.44 mi-2
£55010/240.45 miArlington StreetStockton-On-TeesTS18 3LD 2
£62510/240.47 mi-2
£69903/250.47 mi-2
£47510/240.47 miWinston Street, Stockton-On-Tees, TS18 3LF2
£57510/240.48 miHowden Walk, Stockton-On-Tees, Durham, TS182
£55010/240.49 miSt. Pauls Street, Stockton-On-Tees, TS192
£65002/250.5 mi-2
£55010/240.51 miVicarage Street, Stockton-On-Tees, TS192
£50010/240.52 miBishopton Road, Stockton-On-Tees, TS19 0AN2
£60002/250.52 mi-2
£60010/240.54 mi-2
£55010/240.6 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£57510/240.6 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£52510/240.6 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£55010/240.6 miBrusselton Court, Stockton-On-Tees, TS18 3AN2
£50010/240.61 miWitton Park, Stockton-On-Tees, Durham, TS182
£65012/240.61 mi-2

Local Area Statistics

Population in TS18

24,161

Population in Stockton-on-Tees

149,709

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £65,000

July 22, 2024

Floor Plans

Description

  • Off Street Parking +
  • Fully Double Glazed +
  • Two Bedrooms +
  • Terraced House +
  • No Chain +
  • To be sold with a sitting tenant paying £475pcm +

An ideal investment opportunity. Smith & Friends are delighted to market this well presented two bedroom mid terraced house is an excellent location close to Stockton Town, bus and train routes. The property comprises of an entrance hallway leading through to a spacious open plan living/dining area and galley style kitchen having access to an enclosed rear yard. The upper floor has a split level open landing, a modern bathroom and two double bedrooms.
The property is to be sold with tenant in situ.
Current tenant pays £475 per calendar month.

Entrance Hallway -

Lounge - 20'4 x 14'3 -

Kitchen - 10'3 x 7'2 -

Bedroom 1 - 14'4 x 10'10 -

Bedroom 2 - 9'2 x 8'4 -

Bathroom -

Agent Details

Smith & Friends Estate Agents, Stockton-on-Tees

01642 056009

Next Steps?

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