2 Bed Bungalow, Refurb/BRRR, Stockton-on-Tees, TS20 2RY, £130,000

Ancroft Gardens, Norton, TS20 2RY - 1 views - 9 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~65 m²
+5 photos

ValuationOvervalued

Sold Prices£43K - £240K
Sold Prices/m²£773/m² - £3.3K/m²

 

 

Square Metres

~65 m²
Price/m²£2K/m²

Value Estimate

£70,417

 

 

End Value (After Refurb)

£116,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£25,649

Bridging Loan Interest

£3,413

Total Cash In

£68,411

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£116,250

Mortgage (After Refinance)

£87,188

Mortgage LTV

75%

Cash Left In

£68,411

Equity

£29,063

Rent Range

£550 - £850

Rent Estimate

£639

Running Costs/mo

£511

Cashflow/mo

£128

Cashflow/yr

£1,535

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £43K to £240K, average is £105K. £773/m² to £3.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£157K11/230.02 mi25, Ancroft Gardens, Stockton-on-tees TS20 2RY2
£110K01/210.02 mi18, Ancroft Gardens, Stockton-on-tees TS20 2RY2
£107K03/210.02 mi7, Ancroft Gardens, Stockton-on-tees TS20 2RY2
£140K05/240.02 mi11, Ancroft Gardens, Stockton-on-tees TS20 2RY2
£109K01/210.1 mi28, Grange Road, Norton, Stockton-on-tees TS20 2NS2
£135K11/230.1 mi31, Grange Road, Norton, Stockton-on-tees TS20 2NS2
£112K05/230.1 mi15, Grange Road, Norton, Stockton-on-tees TS20 2NS2
£102.8K10/230.1 mi30, Grange Road, Norton, Stockton-on-tees TS20 2NS2
£117.5K10/230.1 mi11, Grange Road, Norton, Stockton-on-tees TS20 2NS2
£129.9K09/210.1 mi24, Collins Avenue, Stockton-on-tees TS20 2QY2
£74.8K03/240.14 mi15, Cross Street, Stockton-on-tees TS20 2SS2
£108K07/210.16 mi30, Benson Street, Stockton-on-tees TS20 2SR2
£110K07/230.16 mi17, Benson Street, Stockton-on-tees TS20 2SR2
£115K12/220.16 mi5, Benson Street, Stockton-on-tees TS20 2SR2
£70K03/240.16 mi30, Benson Street, Stockton-on-tees TS20 2SR2
£107K04/240.18 mi21, Pine Street, Stockton-on-tees TS20 2SP2
£90K12/200.18 mi24, Pine Street, Stockton-on-tees TS20 2SP2
£81K12/210.2 mi7, Wrightson Street, Stockton-on-tees TS20 1AU2
£75K05/210.2 mi9, Wrightson Street, Stockton-on-tees TS20 1AU2
£84K01/210.2 mi3, Wrightson Street, Stockton-on-tees TS20 1AU2
£43K12/220.2 mi2, Wrightson Street, Stockton-on-tees TS20 1AU2
£140K03/240.21 mi2, Ramsey View, Stockton-on-tees TS20 2TR2
£110K03/210.21 mi16, Cherry Tree Gardens, Stockton-on-tees TS20 2TP2
£97K05/210.21 mi10, Cherry Tree Gardens, Stockton-on-tees TS20 2TP2
£125K11/230.24 mi33, Chesham Road, Stockton-on-tees TS20 2SF2
£97K08/230.25 mi18, Lune Road, Stockton-on-tees TS20 1AZ2
£82.5K08/210.26 mi11, Esk Road, Stockton-on-tees TS20 1AT2
£74.5K07/210.26 mi26, Leven Road, Stockton-on-tees TS20 1BQ2
£61.5K05/210.29 mi42, Hallifield Street, Stockton-on-tees TS20 2HE2
£95K07/230.29 mi6, Dorlcote Place, Stockton-on-tees TS20 2PP2
£70K02/210.32 mi3, Butler Street, Stockton-on-tees TS20 2HQ2
£75K02/210.32 mi6, Priory Gardens, Norton, Stockton-on-tees TS20 1BJ2
£150K02/240.32 mi15, Priory Gardens, Norton, Stockton-on-tees TS20 1BJ2
£95K11/230.33 mi6, Balder Road, Norton, Stockton-on-tees TS20 1BE2
£70K04/230.35 mi58, Mowbray Road, Stockton-on-tees TS20 2PZ2
£85K05/210.35 mi32, Mowbray Road, Stockton-on-tees TS20 2PZ2
£52.5K01/210.35 mi43, Mowbray Road, Stockton-on-tees TS20 2PZ2
£92K03/230.35 mi5, Edgar Street, Stockton-on-tees TS20 2HG2
£105K01/230.4 mi8, Cameron Street, Stockton-on-tees TS20 1HW2
£120.7K05/210.42 mi61, Beaconsfield Road, Stockton-on-tees TS20 1JL2
£125K11/210.42 mi23, Beaconsfield Road, Stockton-on-tees TS20 1JL2
£98K11/200.42 mi37, Beaconsfield Road, Stockton-on-tees TS20 1JL2
£240K06/230.42 mi2, Mallory Road, Norton, Stockton-on-tees TS20 1TJ2
£115K04/210.42 mi27, Mallory Road, Norton, Stockton-on-tees TS20 1TJ2
£68K02/230.42 mi114, Billingham Road, Stockton-on-tees TS20 2SB2
£105K11/220.43 mi35, Stanley Street, Norton, Stockton-on-tees TS20 1HQ2
£135.5K12/200.43 mi22, Mill Street, Stockton-on-tees TS20 1AB2
£136K09/210.43 mi21, Mill Street, Stockton-on-tees TS20 1AB2
£121.5K06/210.43 mi28, Mill Street, Stockton-on-tees TS20 1AB2
£88.5K05/210.43 mi5, Stanley Street, Norton, Stockton-on-tees TS20 1HG2

Local Rents

19 rents from £550/mo to £850/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£85010/240.16 miHarland House, Norton, Stockton-on-tees2
£62510/240.2 mi-2
£59502/250.24 mi-2
£70010/240.29 miHigh Street, Norton, Stockton-on-Tees, Cleveland , TS20 1DR2
£70010/240.29 miNorton Road, Stockton-on-Tees, TS202
£67510/240.42 mi-2
£60004/250.44 mi-2
£62510/240.44 miNorth Mount Pleasant Street, Stockton-On-Tees, Durham, TS202
£72504/250.48 mi-2
£55010/240.49 miBelle Vue Court, STOCKTON-ON-TEES2
£81804/250.49 mi-2
£55010/240.49 miBelle Vue Court, Stockton2
£65002/250.55 mi-2
£60010/240.57 miChadburn Road, Stockton-On-Tees2
£59510/240.57 miSwinburn Road, Norton, TS202
£59002/240.57 mi-2
£60007/240.57 mi-2
£60002/250.57 mi-2
£72510/240.59 mi-2

Local Area Statistics

Population in TS20

20,663

Population in Stockton-on-Tees

149,709

Town centre distance

1.23 miles away

Nearest school

0.40 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £130,000

August 8, 2024

Floor Plans

Description

  • Cul-De-Sac +
  • South Westerly Facing Rear Garden +
  • Two Bedrooms +
  • Driveway Parking & Steel Storeroom +
  • Modernisation Required +
  • Close To Norton High Street & Amenities +

Tucked within the head of an attractive cul-de-sac, this two bedroom semi-detached bungalow is offered for sale with no forward chain.

Priced to reflect the modernisation required, the bungalow would make an excellent purchase for those searching for a property in which they can improve and personalise.

In brief, accommodation comprises: an entrance hallway, two good sized bedrooms, a three piece bathroom suite, lounge and a kitchen with a rear porch that leads into the garden.

Externally, there is a well-manicured front lawn, lengthy driveway and a steel storeroom to the side. The rear garden boasts a south westerly facing aspect, is mainly laid to lawn and benefits from a timber storage shed.

Agent Details

roseberry newhouse, Teesside

01642 056921

Next Steps?

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