3 Bed Bungalow, Refurb/BRRR, Middlesbrough, TS6 9NA, £120,000

Durham Road, Middlesbrough, North Yorkshire, TS6 9NA - 5 views - 9 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£40K - £230K
Sold Prices/m²£451/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£89,968

 

 

End Value (After Refurb)

£148,800

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£36,697

Bridging Loan Interest

£3,150

Total Cash In

£78,797

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£148,800

Mortgage (After Refinance)

£111,600

Mortgage LTV

75%

Cash Released

£21,600

Cash Left In

£57,197

Equity

£37,200

Rent Range

£595 - £850

Rent Estimate

£689

Running Costs/mo

£623

Cashflow/mo

£66

Cashflow/yr

£794

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £40K to £230K, average is £109K. £451/m² to £2.5K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£135K07/230 mi61, Durham Road, Middlesbrough, Redcar And Cleveland TS6 9NA3
£130K09/210.03 mi36, Ripon Way, Eston, Middlesbrough, Redcar And Cleveland TS6 9ND3
£143K05/230.04 mi19, Ripon Way, Eston, Middlesbrough, Redcar And Cleveland TS6 9NE3
£170K10/230.07 mi38, Winston Drive, Middlesbrough, Redcar And Cleveland TS6 9LX3
£143K11/210.1 mi82, Durham Road, Middlesbrough, Cleveland TS6 9LZ3
£132K10/230.13 mi56, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PW3
£158K11/200.14 mi19, Whitby Avenue, Middlesbrough, Redcar And Cleveland TS6 9NH3
£145K12/230.14 mi60, Bath Road, Middlesbrough, Redcar And Cleveland TS6 9PG3
£142K10/230.15 mi82, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PJ3
£204K04/240.17 mi149, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9JD3
£46.4K06/210.18 mi51, Grosmont Road, Middlesbrough, Redcar And Cleveland TS6 8HN3
£75K06/230.18 mi57, Grosmont Road, Middlesbrough, Redcar And Cleveland TS6 8HN3
£85K07/230.18 mi51, Grosmont Road, Middlesbrough, Redcar And Cleveland TS6 8HN3
£107K05/210.2 mi6, Glastonbury Avenue, Middlesbrough TS6 9PB3
£80K11/200.21 mi46, Rothwell Mews, Eston, Middlesbrough, Redcar And Cleveland TS6 9NW3
£46K11/200.21 mi8, Rothwell Mews, Eston, Middlesbrough, Redcar And Cleveland TS6 9NW3
£115K04/230.21 mi28, Rothwell Mews, Eston, Middlesbrough, Redcar And Cleveland TS6 9NW3
£56K03/210.22 mi36, Gladstone Street, Middlesbrough, Redcar And Cleveland TS6 9LG3
£75K06/230.23 mi7, Sleights Crescent, Middlesbrough, Redcar And Cleveland TS6 8HF3
£80K05/230.23 mi43, Gladstone Street, Middlesbrough, Redcar And Cleveland TS6 9LG3
£80K12/230.23 mi20, Gladstone Street, Middlesbrough, Redcar And Cleveland TS6 9LG3
£125K11/230.24 mi2, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PP3
£230K07/210.24 mi63, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9EH3
£110K10/220.25 mi65, Sandsend Road, Middlesbrough, Redcar And Cleveland TS6 8AF3
£162K06/210.25 mi121, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9NT3
£78K12/200.25 mi4, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PP3
£160K03/230.26 mi112, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9NS3
£77.5K10/230.28 mi2, Deepgrove Walk, Middlesbrough, Redcar And Cleveland TS6 8AE3
£118K12/200.28 mi74, Guisborough Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9LA3
£150K01/230.29 mi12, Medbourne Close, Middlesbrough, Redcar And Cleveland TS6 9QF3
£128K10/220.29 mi13, Station Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9EW3
£143K05/230.3 mi72, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JH3
£90K06/230.31 mi312, Birchington Avenue, Grangetown, Middlesbrough, Redcar And Cleveland TS6 8EU3
£82K05/230.31 mi15, Old Row, Middlesbrough, Redcar And Cleveland TS6 9JX3
£40K06/210.31 mi22, The Square, Middlesbrough, Redcar And Cleveland TS6 9JU3
£95K03/240.31 mi3, Hodgson Court, Middlesbrough, Redcar And Cleveland TS6 9TD3
£108K01/240.31 mi287, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 7RL3
£185K04/210.31 mi107, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR3
£135K09/210.31 mi54, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR3
£145K12/200.31 mi82, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR3
£175K04/240.31 mi54, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR3
£94K03/230.32 mi7, Hutton Road, Eston, Middlesbrough, Redcar And Cleveland TS6 8DH3
£147K05/240.32 mi17, Medbourne Close, Middlesbrough, Redcar And Cleveland TS6 9QF3
£95K08/210.32 mi43, Nightingale Road, Middlesbrough, Redcar And Cleveland TS6 9PY3
£69K12/200.32 mi37, Langdale Crescent, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7RB3
£65K04/210.32 mi67, Langdale Crescent, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7RB3
£85K01/210.33 mi11, Flora Street, Middlesbrough, Redcar And Cleveland TS6 9QP3
£65K03/210.33 mi6, Danby Road, Middlesbrough, Redcar And Cleveland TS6 8AX3
£69K06/210.33 mi11, Roseberry Crescent, Middlesbrough, Redcar And Cleveland TS6 8EP3
£70.5K10/230.33 mi50, Jubilee Road, Middlesbrough, Redcar And Cleveland TS6 9HB3

Local Rents

19 rents from £595/mo to £850/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60010/240.34 miEdwards Street, Middlesbrough, TS63
£62510/240.35 miLangdale Crescent, Eston3
£75001/250.39 mi-3
£65004/250.41 mi-3
£77510/240.42 miWilton Way, Middlesbrough3
£85010/240.43 mi-3
£70009/240.46 mi-3
£65011/230.49 mi-3
£65002/240.51 mi-3
£65006/240.51 mi-3
£60009/240.51 mi-3
£65010/240.51 miRydal Avenue, Grangetown, Middlesbrough, TS63
£70010/230.52 mi-3
£82002/240.56 mi-3
£82010/240.56 mi-3
£82010/240.56 mi-3
£65010/240.61 miArundel Road, Grangetown, TS6 7QZ3
£62510/240.62 mi-3
£59511/240.62 mi-3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

2.14 miles away

Nearest school

0.30 miles away

Nearest train station

2.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £120,000

July 29, 2024

Description

  • **** IN NEED OF SOME UPGARDING AND REFURBISHING **** +
  • CLOSE TO ALL LOCAL AMENITIES INCLUDING TRANSPORT ROUTES, SHOPS & SCHOOLS +
  • SET ON A LARGE PLOT WITH GOOD OUTDOOR SPACE +
  • DETACHED GARAGE, DRIVEWAY & OFF STREET PARKING +
  • AVAILABLE WITH NO ONWARD CHAIN AND IMMEDIATE VACANT POSSESSION +
  • ENCLOSED AND SECURE LARGE REAR GARDEN +
  • **** EARLY VIEWING STRONGLY ADVISED AS THIS PROPERTY WILL BE EXTREMELY POPULAR**** +
  • 2 GROUND FLOOR BEDROOMS AND 1 FIRST FLOOR BEDROOM +
  • AMPLE OFF STREET PARKING +

ALL MEASUREMENTS ARE APPROXIMATE

Side Entrance Hall:
UPVC Double glazed door..

Lounge:
4.91m x 3.29m. Electric fireplace with a brick chimney breast surround and a marble effect inset and hearth.

Garden Room:
Single glazed entrance door. Door to car point, drive and garage.

Fitted Kitchen / Diner:
3.22m x 2.77m. Inset 1 1/2 coloured sink unit with chrome mixer taps, natural wood effect units with marble effect tops, tiled surround. Wall mounted extractor hood, hard wood door to garden room, tile effect vinyl flooring.

Bedroom 1:
3.39m x 3.30m. Overlooks rear garden.

Bedroom 2:
2.94m x 2.76m.

Bathroom / WC:
2.17m x 1.73m. Fully tiled, white suite, electric shower and curtain, laminate effect flooring.

FIRST FLOOR

Landing Area:
Split level, loft access hatch, cupboard.

Bedroom 3:
3.95m x 3.32m. Cupboard housing boiler, eaves storage.

EXTERNALLY

Front Garden:
Gravelled with shrubs.

Rear Garden:
Trees, shrubs, patio, greenhouse and timber shed.

Driveway:
Parking for 4 cars.

Detached Garage:
Power and light, up and over door.

AGENTS NOTES

Tenure: Freehold

Viewing: By prior appointment with the Redcar office.
Telephone .

____________________________________________________________________________
Parker Stag and for the vendors or lessors of this property, whose agents they are, give notice that:
the mention of any appliances and/or services within the sale particulars does not imply they are in full and efficient working order.

the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.

all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or lessees should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.

no person in the employment of Parker Stag has any authority to make or give any representation or warranty whatever in relation to this property.

Agent Details

Parker Stag Ltd, Redcar

01642 056286

Next Steps?

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