2 Bed Bungalow, Refurb/BRRR, Middlesbrough, TS3 0PF, £110,000

Cargo Fleet Lane, Middlesbrough, TS3 0PF - 1 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£50K - £225K
Sold Prices/m²£700/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£105,643

 

 

End Value (After Refurb)

£100,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£26,876

Bridging Loan Interest

£2,888

Total Cash In

£65,714

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£100,000

Mortgage (After Refinance)

£75,000

Mortgage LTV

75%

Cash Left In

£65,714

Equity

£25,000

Rent Range

£495 - £850

Rent Estimate

£693

Running Costs/mo

£471

Cashflow/mo

£222

Cashflow/yr

£2,663

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £50K to £225K, average is £102.8K. £700/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£110K06/210.09 mi7, Park Avenue South, Middlesbrough TS3 0PB2
£82.5K08/210.1 mi10, Eastbourne Gardens, Middlesbrough TS3 0PD2
£81K04/210.1 mi13, Leamington Grove, Middlesbrough TS3 0PH2
£105K02/210.13 mi56, Bournemouth Avenue, Middlesbrough TS3 0NR2
£116K04/210.14 mi3, Bournemouth Avenue, Middlesbrough TS3 0NH2
£102.5K02/210.14 mi19, Bournemouth Avenue, Middlesbrough TS3 0NH2
£120K03/210.25 mi27, Balmoral Road, Middlesbrough TS3 0NF2
£86K04/210.27 mi2, Cadwell Close, Middlesbrough TS3 0QE2
£125K01/230.34 mi65, Norfolk Crescent, Middlesbrough TS3 0LZ2
£52.5K04/210.35 mi22, Bywell Grove, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LL2
£167.5K05/230.37 mi6, North Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BW2
£168K11/230.37 mi2, Church Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AN2
£66.5K04/210.41 mi38, Netherfields Crescent, Middlesbrough TS3 0QL2
£50K12/200.41 mi39, Netherfields Crescent, Middlesbrough TS3 0QL2
£128K09/210.42 mi3, South Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BP2
£65K10/200.42 mi85, Ainsworth Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QB2
£69K12/200.43 mi140, The Greenway, Middlesbrough TS3 9NU2
£75K11/230.43 mi8, Alwinton Court, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NG2
£100K10/230.43 mi22, Alwinton Court, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NG2
£171K06/230.45 mi6, Dew Lane, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AR2
£64K07/210.46 mi33, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE2
£70K02/230.46 mi33, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE2
£119K01/230.47 mi22, Radnor Green, Middlesbrough TS3 0EA2
£60K04/210.47 mi28, Radnor Green, Middlesbrough TS3 0EA2
£80K04/230.49 mi3, Newlyn Green, Middlesbrough TS3 0DU2
£127K01/230.54 mi14, Oakrise, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9RG2
£75K06/210.56 mi16, Sandringham Road, Middlesbrough TS3 0DE2
£73.5K03/210.57 mi6, Lobelia Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PJ2
£103K08/210.58 mi9, Pine Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9DH2
£83K07/210.59 mi8, Kelsall Close, Middlesbrough TS3 0DH2
£157K06/210.59 mi19, Laburnum Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9DJ2
£88K05/210.6 mi88, Middlebeck Close, Middlesbrough TS3 8RG2
£220K03/210.63 mi52, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HP2
£140K06/230.68 mi25, Church Lane, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AX2
£140K11/210.69 mi23, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HJ2
£225K05/230.69 mi29, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HJ2
£61K03/210.7 mi11, Kelvin Grove, Middlesbrough TS3 7RU2
£150K12/220.71 mi3, Ransome Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BF2
£94K07/210.71 mi107, Windleston Drive, Middlesbrough TS3 0BN2
£57.5K04/210.72 mi1, Marrick Road, Middlesbrough TS3 7RX2
£149.9K08/210.74 mi6, Northbank Crescent, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9EU2
£169K06/210.74 mi15, Northbank Crescent, Ormesby, Middlesbrough, Cleveland TS7 9EU2
£63K05/210.76 mi6, Kelvin Grove, Middlesbrough TS3 7RS2
£120K05/230.81 mi16, Premier Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AZ2
£117K10/200.81 mi2b, Premier Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AZ2
£102K01/210.81 mi28, Premier Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AZ2
£110K05/210.83 mi49, Premier Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BA2
£130K03/210.83 mi53, Premier Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BA2
£66K02/210.85 mi23, Hoskins Way, Middlesbrough TS3 8NJ2
£122K01/210.87 mi16, Springbank Road, Ormesby, Middlesbrough TS7 9EL2

Local Rents

26 rents from £495/mo to £850/mo, average is £710/mo.

RentDateDistanceAddressBeds 
£49510/240.2 miSedgebrook Gardens, Middlesbrough, TS32
£56010/240.41 mi-2
£62501/250.48 mi-2
£62501/250.52 mi-2
£69507/240.54 mi-2
£65005/240.6 mi-2
£75012/240.61 mi-2
£72510/240.69 miMeredith Avenue, Middlesbrough TS6 0HW2
£85011/240.85 mi-2
£75004/250.86 mi-2
£77510/240.94 miThe Grove, Marton2
£80010/240.94 miThe Grove, Marton2
£80010/240.94 miThe Pines, The Grove, Marton2
£69510/241.01 mi-2
£67508/241.06 mi-2
£65010/241.06 miDelarden Road, Pallister Park2
£79511/231.06 mi-2
£80506/241.06 mi-2
£75002/241.07 mi-2
£75006/241.09 mi-2
£59512/241.1 mi-2
£80004/251.1 mi-2
£60010/241.11 miLambton Street, Normanby, Middlesbrough TS6 0LP2
£55010/241.12 miNormanby Road, Middlesbrough2
£60505/241.13 mi-2
£75012/241.14 mi-2

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

0.43 miles away

Nearest school

0.10 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £110,000

September 27, 2024

Listed for £125,000

August 28, 2024

Floor Plans

Description

  • Ideal for Someone Looking to Downsize +
  • Off Street Parking +
  • Conservatory +
  • Gas Central Heating with a Baxi DuoTec Combi Boiler +
  • Two Bedrooms +

Ideal for someone looking to downsize into a well-proportioned two bedroom semi-detached bungalow.

In need of some modernisation but notable features include gas central heating with a Baxi DuoTec combi boiler, off street parking and a conservatory.

The property comprises entrance hall, lounge, conservatory, kitchen, two bedrooms and bathroom. Externally there is off street parking and a lawned garden to the front and to the rear a fairly private garden with lawn and decking.

Tenure - Freehold

Council Tax Band B

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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