2 Bed Terraced House, Refurb/BRRR, Stockton-on-Tees, TS20 1HG, £65,000

Stanley Street, Norton, Stockton-On-Tees, TS20 1HG - 2 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~62 m²
+2 photos

ValuationFair Value

Sold Prices£43K - £275K
Sold Prices/m²£652/m² - £3.9K/m²

 

 

Square Metres

~62.11 m²
Price/m²£1K/m²

Value Estimate

£65,000

 

 

End Value (After Refurb)

£89,944

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£24,508

Bridging Loan Interest

£1,706

Total Cash In

£47,365

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£89,944

Mortgage (After Refinance)

£67,458

Mortgage LTV

75%

Cash Released

£18,708

Cash Left In

£28,656

Equity

£22,486

Rent Range

£450 - £850

Rent Estimate

£637

Running Costs/mo

£428

Cashflow/mo

£209

Cashflow/yr

£2,502

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £43K to £275K, average is £107.5K. £652/m² to £3.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£100K09/210.01 mi17, Stanley Street, Norton, Stockton-on-tees TS20 1HG2
£90K11/210.01 mi20, Stanley Street, Norton, Stockton-on-tees TS20 1HG2
£88.5K05/210.01 mi5, Stanley Street, Norton, Stockton-on-tees TS20 1HG2
£105K11/220.03 mi35, Stanley Street, Norton, Stockton-on-tees TS20 1HQ2
£174K11/210.03 mi1a, Cameron Street, Stockton-on-tees TS20 1HW2
£115K11/230.03 mi7, Cameron Street, Stockton-on-tees TS20 1HW2
£98.5K11/210.03 mi7, Cameron Street, Stockton-on-tees TS20 1HW2
£102K08/230.03 mi23, Cameron Street, Stockton-on-tees TS20 1HW2
£100K03/230.03 mi3, Cameron Street, Stockton-on-tees TS20 1HW2
£105K01/230.05 mi8, Cameron Street, Stockton-on-tees TS20 1HW2
£240K06/230.06 mi2, Mallory Road, Norton, Stockton-on-tees TS20 1TJ2
£115K04/210.06 mi27, Mallory Road, Norton, Stockton-on-tees TS20 1TJ2
£119.3K11/210.09 mi50, Oakwell Road, Stockton-on-tees TS20 1HL2
£142.3K08/210.09 mi48, Oakwell Road, Stockton-on-tees TS20 1HL2
£145K01/240.09 mi52, Oakwell Road, Stockton-on-tees TS20 1HL2
£95K11/230.1 mi6, Balder Road, Norton, Stockton-on-tees TS20 1BE2
£225K01/240.11 mi9, Pinder Close, Stockton-on-tees TS20 1TN2
£75K02/210.12 mi6, Priory Gardens, Norton, Stockton-on-tees TS20 1BJ2
£150K02/240.12 mi15, Priory Gardens, Norton, Stockton-on-tees TS20 1BJ2
£135.5K12/200.14 mi22, Mill Street, Stockton-on-tees TS20 1AB2
£136K09/210.14 mi21, Mill Street, Stockton-on-tees TS20 1AB2
£121.5K06/210.14 mi28, Mill Street, Stockton-on-tees TS20 1AB2
£74.5K07/210.17 mi26, Leven Road, Stockton-on-tees TS20 1BQ2
£82.5K08/210.2 mi11, Esk Road, Stockton-on-tees TS20 1AT2
£135K12/210.21 mi44, Fuller Crescent, Stockton-on-tees TS20 1HB2
£81K12/210.25 mi7, Wrightson Street, Stockton-on-tees TS20 1AU2
£75K05/210.25 mi9, Wrightson Street, Stockton-on-tees TS20 1AU2
£84K01/210.25 mi3, Wrightson Street, Stockton-on-tees TS20 1AU2
£43K12/220.25 mi2, Wrightson Street, Stockton-on-tees TS20 1AU2
£97K08/230.28 mi18, Lune Road, Stockton-on-tees TS20 1AZ2
£145K07/230.3 mi58, The Green, Norton, Stockton-on-tees TS20 1DT2
£168K01/230.32 mi5, Johnson Grove, Norton, Stockton-on-tees TS20 1BX2
£94K08/210.32 mi1, Hermitage Place, Stockton-on-tees TS20 1DZ2
£275K07/230.34 mi44, Fulthorpe Road, Stockton-on-tees TS20 1QH2
£160K10/230.34 mi66, Fulthorpe Road, Stockton-on-tees TS20 1QH2
£107K04/240.34 mi21, Pine Street, Stockton-on-tees TS20 2SP2
£90K12/200.34 mi24, Pine Street, Stockton-on-tees TS20 2SP2
£125K05/240.35 mi10, Milner Road, Stockton-on-tees TS20 1EG2
£250K10/230.37 mi2, Thruxton Way, Stockton-on-tees TS20 1RR2
£78K03/210.37 mi3, Alpine Way, Norton, Stockton-on-tees TS20 2XR2
£105K11/210.37 mi2, Alpine Way, Norton, Stockton-on-tees TS20 2XR2
£108K07/210.37 mi30, Benson Street, Stockton-on-tees TS20 2SR2
£110K07/230.37 mi17, Benson Street, Stockton-on-tees TS20 2SR2
£115K12/220.37 mi5, Benson Street, Stockton-on-tees TS20 2SR2
£70K03/240.37 mi30, Benson Street, Stockton-on-tees TS20 2SR2
£107K07/230.38 mi16, Argyll Road, Norton, Stockton-on-tees TS20 2XQ2
£125K11/230.38 mi9, Ladyfern Way, Norton, Stockton-on-tees TS20 2XT2
£109K01/210.38 mi28, Grange Road, Norton, Stockton-on-tees TS20 2NS2
£112K05/230.38 mi15, Grange Road, Norton, Stockton-on-tees TS20 2NS2
£102.8K10/230.38 mi30, Grange Road, Norton, Stockton-on-tees TS20 2NS2

Local Rents

44 rents from £450/mo to £850/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£67510/240.12 mi-2
£70010/240.18 miHigh Street, Norton, Stockton-on-Tees, Cleveland , TS20 1DR2
£59502/250.2 mi-2
£85010/240.27 miHarland House, Norton, Stockton-on-tees2
£77510/240.32 mi-2
£79504/250.32 mi-2
£62510/240.37 mi-2
£70010/240.49 miNorton Road, Stockton-on-Tees, TS202
£72504/250.62 mi-2
£69510/240.65 miNorton, Stockton-On-Tees, TS19 0JB2
£60010/240.68 miChadburn Road, Stockton-On-Tees2
£60002/250.68 mi-2
£59002/240.68 mi-2
£60007/240.68 mi-2
£60004/250.69 mi-2
£62510/240.69 miNorth Mount Pleasant Street, Stockton-On-Tees, Durham, TS202
£65002/250.73 mi-2
£59510/240.73 miSwinburn Road, Norton, TS202
£65010/240.73 mi-2
£65010/240.73 miHeworth Drive, Stockton On Tees, TS202
£81804/250.74 mi-2
£65010/240.75 mi-2
£70002/250.75 mi-2
£65010/240.76 mi-2
£55010/240.78 miBelle Vue Court, Stockton2
£72510/240.79 mi-2
£55010/240.8 miBelle Vue Court, STOCKTON-ON-TEES2
£75003/250.89 mi-2
£75003/250.89 mi-2
£65010/240.9 mi-2
£59510/240.92 miHarpers Green, Stockton-On-Tees, TS202
£62511/240.92 mi-2
£62510/240.93 mi-2
£69502/250.96 mi-2
£65010/240.98 miHarpers Green, Norton, Stockton On Tees2
£49510/240.99 miNorton Road, Stockton-On-Tees, Durham, TS202
£48010/241 miRose Court, Ware Street, Stockton-On-Tees, Durham, TS202
£47512/241.03 mi-2
£45009/231.03 mi-2
£65010/241.06 miThe Green, Billingham, Stockton on Tees, TS23 1ER2
£82510/241.18 mi-2
£82510/241.18 mi-2
£65002/251.19 mi-2
£50002/241.24 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

0.10 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £65,000

August 31, 2024

Floor Plans

Description

  • Two Double Bedrooms. +
  • Two Reception Rooms. +
  • Located in Norton. +
  • Vacant Possession. +
  • Chain Free +

Smith & Friends welcome to the market this two bedroom mid terraced house located close to Norton High Street. The property comprises of an entrance hallway, two reception rooms, kitchen and bathroom on the ground floor. The upper floor has two double bedrooms with storage. The property is in need of updating and is marketed chain free with vacant possession. Externally: Street parking and rear yard.

Entrance Hallway -

Reception Room -

Reception Room -

Kitchen -

Bathroom -

Landing -

Bedroom -

Bedroom -

Agent Details

Smith & Friends Estate Agents, Stockton-on-Tees

01642 056009

Next Steps?

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