3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS3 8JY, £75,000

Cheriton Green, Middlesbrough, TS3 8JY - 1 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+5 photos

ValuationFair Value

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

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£75,283

 

 

End Value (After Refurb)

£83,456

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£36,697

Bridging Loan Interest

£1,969

Total Cash In

£64,116

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£83,456

Mortgage (After Refinance)

£62,592

Mortgage LTV

75%

Cash Released

£6,342

Cash Left In

£57,774

Equity

£20,864

Rent Range

£525 - £995

Rent Estimate

£735

Running Costs/mo

£428

Cashflow/mo

£307

Cashflow/yr

£3,686

ROI

6%

Gross Yield

12%

Local Sold Prices

50 sold prices from £32.5K to £175K, average is £68.5K. £417/m² to £1.5K/m², average is £824/m².

PriceDateDistanceAddressBeds 
£61K04/230.06 mi2, Cottingham Drive, Middlesbrough TS3 8LB3
£72K09/210.08 mi29, Cotswold Avenue, Middlesbrough TS3 8JN3
£60K01/210.09 mi10, Cranmore Road, Middlesbrough TS3 8JF3
£83K01/230.17 mi8, Bordesley Green, Middlesbrough TS3 8HP3
£69K02/210.18 mi9, Desford Green, Middlesbrough TS3 8LW3
£81K11/220.21 mi89, Homerton Road, Middlesbrough TS3 8PN3
£64K06/210.21 mi14, Lowfield Avenue, Middlesbrough TS3 9BB3
£55.3K12/200.22 mi14, Marshall Avenue, Middlesbrough TS3 9AU3
£82.5K03/230.24 mi12, Burnholme Avenue, Middlesbrough TS3 9DA3
£63.5K03/210.27 mi7, Eltisley Green, Middlesbrough TS3 8NB3
£56.3K05/210.29 mi18, Kestrel Avenue, Middlesbrough TS3 8EG3
£62K11/220.29 mi14, Kestrel Avenue, Middlesbrough TS3 8EG3
£105K03/230.3 mi38, Falcon Road, Middlesbrough TS3 8EE3
£90K01/230.3 mi21, Falcon Road, Middlesbrough TS3 8EE3
£52K10/200.33 mi9, Berwick Hills Avenue, Middlesbrough TS3 9BX3
£74K10/200.33 mi15, Hoskins Way, Middlesbrough TS3 8NJ3
£73K03/230.33 mi20, Berwick Hills Avenue, Middlesbrough TS3 9BX3
£95K01/230.35 mi61, Merlin Road, Middlesbrough TS3 8EB3
£64K01/210.38 mi14, College Road, Middlesbrough TS3 9EW3
£68K03/210.39 mi51, Marshall Avenue, Middlesbrough TS3 9AY3
£66.5K03/230.4 mi19, Malling Walk, Middlesbrough TS3 8QH3
£80K01/230.4 mi10, Matford Avenue, Middlesbrough TS3 9AZ3
£68K02/210.4 mi4, Malling Walk, Middlesbrough TS3 8QH3
£52K03/230.42 mi10, Norcliffe Street, Middlesbrough TS3 6PS3
£75K04/210.44 mi6, Westerdale Road, Middlesbrough TS3 7RF3
£55K01/230.44 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£52.5K03/210.44 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£63K02/210.44 mi123, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£52.5K10/200.45 mi14, Cherwell Terrace, Middlesbrough TS3 9DQ3
£126K12/220.45 mi12, Lavender Road, Middlesbrough TS3 7AE3
£37K10/200.47 mi62, Thornton Street, Middlesbrough TS3 6PH3
£65K05/210.48 mi78, Kings Road, North Ormesby, Middlesbrough TS3 6EU3
£92.5K02/210.48 mi18, Graygarth Road, Middlesbrough TS3 7QW3
£90K06/210.48 mi25, Crossfell Road, Middlesbrough TS3 7PE3
£88K12/200.49 mi56, Ingram Road, Middlesbrough TS3 7AZ3
£108K02/230.5 mi84, College Road, Middlesbrough TS3 9EP3
£48.5K08/210.51 mi12, Tunstall Street, Middlesbrough TS3 6PE3
£52K12/220.51 mi9, Ryedale Street, Middlesbrough TS3 6PF3
£80K04/210.52 mi9, Bransdale Road, Middlesbrough TS3 7QG3
£76K11/220.52 mi4, Cobblewood, Middlesbrough TS3 9RW3
£46K10/210.52 mi25, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£54K05/230.52 mi32, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£48.5K05/230.53 mi47, Jubilee Street, Middlesbrough TS3 6QJ3
£175K06/230.53 mi26, Millfield Road, Middlesbrough TS3 6ES3
£82K05/210.54 mi2, Penhill Close, Middlesbrough TS3 7RA3
£70K02/210.55 mi54, Darenth Crescent, Middlesbrough TS3 7JY3
£70K06/210.56 mi112, Pallister Avenue, Middlesbrough TS3 9DN3
£78K09/210.56 mi29, Bradhope Road, Middlesbrough TS3 7BB3
£32.5K11/200.57 mi43, Coltman Street, Middlesbrough TS3 6JA3
£126K05/230.58 mi23, Oakfield Road, Middlesbrough TS3 6EL3

Local Rents

43 rents from £525/mo to £995/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65002/240 mi-3
£67510/240.05 miCottingham Drive, Middlesbrough3
£65011/240.26 mi-3
£69509/240.26 mi-3
£75007/240.32 mi-3
£80003/250.34 mi-3
£67511/240.38 mi-3
£79510/240.39 mi-3
£74510/240.39 mi-3
£99510/240.39 mi-3
£85010/240.39 miAston Avenue, Middlesbrough3
£85004/250.39 mi-3
£65004/250.4 mi-3
£62510/240.4 miPremier Road, Middlesbrough, North Yorkshire, TS33
£62502/240.41 mi-3
£79510/240.42 mi-3
£65004/250.42 mi-3
£52503/250.44 mi-3
£65010/240.44 mi-3
£79510/240.49 mi-3
£69503/250.49 mi-3
£79510/240.49 miBeaumont Road, Middlesbrough, TS33
£75012/240.49 mi-3
£89504/250.49 mi-3
£79504/250.49 mi-3
£69510/240.51 miPilkington Street, Middlesbrough, North Yorkshire, TS3 6JN3
£75010/240.52 miMarshall Avenue, Thorntree3
£65012/230.53 mi-3
£67012/230.53 mi-3
£80004/250.53 mi-3
£69510/240.56 miJubilee Street, Middlesbrough, TS33
£69510/240.56 mi-3
£69502/250.56 mi-3
£79504/250.56 mi-3
£89511/240.57 mi-3
£70011/240.57 mi-3
£80011/240.57 mi-3
£80011/240.57 mi-3
£79504/250.58 mi-3
£79501/250.6 mi-3
£79501/250.6 mi-3
£65010/240.6 miRounton Green, Middlesbrough, North Yorkshire, TS33
£79504/250.61 mi-3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.05 miles away

Nearest school

0.20 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £75,000

July 31, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • NO ONWARD CHAIN +
  • RECENTLY FITTED COMBI-BOILER +
  • UPVC DOUBLE GLAZING +
  • ENCLOSED GARDENS TO FRONT AND REAR +
  • CENTRAL LOCATION +
  • FANTASTIC BTL OPPORTUNITY +
  • SPACIOUS FAMILY HOME +

CHAIN FREE a three bedroom, mid-terraced property in Pallister Park, Middlesbrough. Located close to local amenities, this well appointed property is in need of some modernisation but offers lots of space, it simply must be viewed to be fully appreciated. A fantastic Buy-to-Let investment with a high yield and strong likelihood of long term tenants, or a fantastic starter home.

The property offers two floors of living accommodation and briefly comprises entrance hall, kitchen, lounge/diner, conservatory, landing, three bedrooms and a bathroom. Externally we have enclosed gardens to the front and rear with a brick built storage shed.

UPVC double glazing throughout and a recently fitted combo-boiler offering gas central heating throughout. EPC TBC. Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, Scotland & The North

0161 524 0574

Next Steps?

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