3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 5LH, £149,000

Harrow Road, Linthorpe, Middlesbrough, TS5 5LH - 8 months ago

Refurb/BRRR
ROI: 3%
~93 m²

ValuationOvervalued

Sold Prices£52K - £295K
Sold Prices/m²£559/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£132,809

 

 

End Value (After Refurb)

£154,305

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,250

Stamp Duty & Legal Fees

£8,650

Refurb Costs

£36,697

Bridging Loan Interest

£3,911

Total Cash In

£88,259

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£154,305

Mortgage (After Refinance)

£115,729

Mortgage LTV

75%

Cash Released

£3,979

Cash Left In

£84,280

Equity

£38,576

Rent Range

£745 - £1,050

Rent Estimate

£901

Running Costs/mo

£682

Cashflow/mo

£219

Cashflow/yr

£2,623

ROI

3%

Gross Yield

7%

Local Sold Prices

51 sold prices from £52K to £295K, average is £163K. £559/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£190K08/230.03 mi55, Harrow Road, Middlesbrough TS5 5LH3
£169K04/210.03 mi54, Harrow Road, Middlesbrough TS5 5LH3
£138K03/240.03 mi77, Harrow Road, Middlesbrough TS5 5LH3
£110K03/230.03 mi41, Thornfield Grove, Middlesbrough TS5 5LQ3
£255K03/240.03 mi47, Thornfield Grove, Middlesbrough TS5 5LQ3
£147.5K11/210.06 mi22, Eastgate Road, Middlesbrough TS5 5LN3
£205K02/230.1 mi6, Thornfield Grove, Middlesbrough TS5 5LF3
£151K07/210.11 mi27, Birchgate Road, Middlesbrough TS5 5NP3
£162K10/210.11 mi23, Broadgate Road, Middlesbrough TS5 5LP3
£195K07/230.11 mi7, Broadgate Road, Middlesbrough TS5 5LP3
£158.5K05/230.11 mi51, Harrow Road, Middlesbrough TS5 5NS3
£218K09/230.15 mi3, Jesmond Avenue, Middlesbrough TS5 5JY3
£152K02/230.18 mi21, Britain Avenue, Middlesbrough TS5 7AT3
£128K06/210.19 mi7, Ridley Avenue, Acklam, Middlesbrough TS5 7AL3
£167.5K06/230.19 mi23, Ridley Avenue, Acklam, Middlesbrough TS5 7AL3
£152.5K06/210.19 mi30, Ridley Avenue, Middlesbrough TS5 7AN3
£134K12/200.19 mi28, Ridley Avenue, Acklam, Middlesbrough TS5 7AN3
£175K07/230.19 mi16, Ridley Avenue, Acklam, Middlesbrough TS5 7AN3
£295K06/230.2 mi56, Cambridge Road, Linthorpe, Middlesbrough TS5 5HG3
£240K06/230.2 mi8, Florida Gardens, Middlesbrough TS5 7SQ3
£174K06/210.21 mi29, Stanhope Grove, Middlesbrough TS5 7SF3
£155K04/210.21 mi5, Britain Avenue, Middlesbrough TS5 7AT3
£150K07/210.21 mi7, Britain Avenue, Middlesbrough TS5 7AT3
£190K02/240.23 mi56, Barker Road, Middlesbrough TS5 5ES3
£165K10/230.23 mi8, Hardwick Avenue, Middlesbrough TS5 7AS3
£140K01/240.24 mi2, Hatfield Avenue, Middlesbrough TS5 7AU3
£110K02/230.24 mi57, Barker Road, Middlesbrough TS5 5EW3
£170K01/230.24 mi27, Barker Road, Middlesbrough TS5 5EW3
£168K01/240.24 mi21, Barker Road, Middlesbrough TS5 5EW3
£163K09/230.25 mi23, Hatfield Avenue, Middlesbrough TS5 7AX3
£120K12/200.26 mi49, Appleton Road, Middlesbrough TS5 5JF3
£150K08/230.26 mi6, Marion Avenue, Middlesbrough TS5 5JG3
£210K09/230.26 mi52, Ridley Avenue, Acklam, Middlesbrough TS5 7AW3
£217K09/230.27 mi16, Kingston Avenue, Middlesbrough TS5 7RS3
£230K02/240.27 mi11, Kingston Avenue, Middlesbrough TS5 7RS3
£170K11/210.27 mi92, Ullswater Avenue, Middlesbrough TS5 7DL3
£220K08/230.28 mi10, Harrow Road, Middlesbrough TS5 5PD3
£116K12/200.28 mi41, Ridley Avenue, Middlesbrough TS5 7AR3
£195K08/230.28 mi41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR3
£195K08/230.28 mi41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR3
£110K01/210.29 mi12, Castleton Avenue, Middlesbrough TS5 5JA3
£125K04/210.29 mi14, Castleton Avenue, Middlesbrough TS5 5JA3
£152K09/230.29 mi24, Castleton Avenue, Middlesbrough TS5 5JA3
£122.5K04/210.3 mi24, Castleton Avenue, Middlesbrough TS5 5JA3
£170K05/230.3 mi6, Ennerdale Avenue, Middlesbrough TS5 7BB3
£52K03/240.3 mi34, Ambleside Grove, Middlesbrough TS5 7DQ3
£205K05/210.3 mi8, Cleveland Avenue, Middlesbrough TS5 7RR3
£180K10/220.32 mi14, Appleton Road, Middlesbrough TS5 5HX3
£143.3K06/230.32 mi3, Briarvale Avenue, Middlesbrough TS5 7RP3
£135K03/210.32 mi4, Cleveland Avenue, Middlesbrough TS5 7RR3
£105.5K09/210.32 mi42, Hambledon Road, Middlesbrough TS5 5ED3

Local Rents

18 rents from £745/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90003/250.24 mi-3
£1,05003/250.28 mi-3
£90010/240.3 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£85010/240.35 mi-3
£85010/240.35 miMiddlesbrough, Middlesbrough, TS53
£90010/240.4 miConiston Grove, Middlesbrough3
£95003/250.42 mi-3
£95003/250.45 mi-3
£74502/250.46 mi-3
£85003/250.47 mi-3
£76509/240.49 mi-3
£89504/240.5 mi-3
£80010/240.54 mi-3
£1,01510/240.55 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.56 miAcklam Gardens, Middlesbrough, TS53
£1,05010/240.6 miAcklam Gardens, Middlesbrough, TS53
£95005/240.6 mi-3
£85003/250.61 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.45 miles away

Nearest school

0.20 miles away

Nearest train station

2 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £149,000

December 4, 2024

Price changed to £155,000

October 16, 2024

Listed for £160,000

August 12, 2024

Floor Plans

Description

  • Offered for sale with no onward chain +
  • Located in this highly regarded setting +
  • Potential to extend +
  • In need of full refurbishment +
  • Lounge and Dining Room +
  • Double glazing and gas central heating system +
  • Gardens to the front side and rear +
  • Viewing comes highly recommended +

Located on a fabulous corner with huge potential to extend we offer for sale this three bedroom property. In need of a full refurbishment however this has been reflected in the sensible asking price. Accommodation comprises entrance hall, lounge and dining room. Kitchen. First floor landing gives access to three bedrooms and a bathroom. There is double glazing together with a gas central heating system. Garden to the front. Small garden/yard to the rear. Garden to the side. Ample parking and a garage located to the rear. Offered for sale with no onward chain. Make this house a home !!! TENURE IS FREEHOLD. EPC TO BE CONFIRMED . COUNCIL TAX BAND IS C.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MID240223/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪