6 Bed HMO, Middlesbrough, TS5 4BT, £180,000

Newport Road, Middlesbrough, North Yorkshire, TS5 4BT - 59 views - 7 months ago

Sold STC
HMO
ROI: 18%
~186 m²
+8 photos

ValuationUndervalued

Sold Prices£58K - £407.5K
Sold Prices/m²£286/m² - £1.8K/m²

 

 

Square Metres

~186 m²
Price/m²£968/m²

Value Estimate

£226,118
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£7,050

Total Cash In

£52,050

 

 

Cash Out

 

Room Rate

£433

Gross Rent

£2,598

Running Costs/mo

£1,720

Cashflow/mo

£878

Cashflow/yr

£10,532

ROI

20%

Gross Yield

17%

Local Sold Prices

6 sold prices from £58K to £407.5K, average is £276.3K. £286/m² to £1.8K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£120K02/240.87 mi6, Devonshire Road, Middlesbrough TS5 6DH6
£335K06/211.2 mi64, Roman Road, Middlesbrough TS5 5PZ6
£310K03/212.33 mi381, Norton Road, Stockton-on-tees TS20 2PJ6
£58K10/212.61 mi35, Westbourne Street, Stockton-on-tees TS18 3EN6
£242.5K01/212.78 mi77, Yarm Road, Stockton-on-tees TS18 3PJ6
£407.5K10/202.85 mi4, Crooks Barn Lane, Stockton-on-tees TS20 1LW6

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.93 miles away

Nearest school

0.30 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £180,000

January 16, 2025

Listed for £195,000

August 27, 2024

Description

  • Current working home of multiple occupancy +
  • Six letting Bedrooms +
  • Four with En Suite Facility +
  • Recently refurbished +
  • Spacious Lounge and kitchen +
  • Currently renting for £515- £550 pcm per room +
  • Double glazing +
  • Gas central heating system +
  • Close to all transport links and Industry +

A excellent opportunity to acquire a ready made Home of multiple occupancy. Currently running as a HMO we bring to the market this 6 Bedroom property with the rooms currently being let between £515 - £550 per calendar month. The property has gone through a full refurbishment over the years and offers accommodation comprising entrance hall, hallway, spacious open plan kitchen/lounge provides a perfect place to sit, eat and relax. Ground floor Bedroom with En-Suite Facility. To the first floor are three double bedrooms. One of the bedrooms has an En- suite facility with the other two sharing a bathroom with beautiful bathroom. There are two further double bedrooms to the top floor which are serviced via a Jack and Jill En -Suite facility. Externally there is a good sized rear garden with a brick store to the bottom of the garden. In addition there is double glazing together with a gas central heating system. An early internal viewing is highly recommended for this great business opportunity to be appreciated. EPC RATING IS E. COUNCIL TAX BAND IS B.

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 every case.

MID240351/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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