2 Bed Terraced House, Single Let, Middlesbrough, TS5 6JW, £70,000

Weastell Street, Middlesbrough, TS5 6JW - 2 views - 8 months ago

Sold STC

BTL

ROI: 6%

~68 m²

ValuationOvervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£433 - £895£433 - £895
Rent Estimate	£433
Running Costs/mo	£325£325
Cashflow/mo	£108£108
Cashflow/yr	£1,292£1,292
ROI	6%6%
Gross Yield	7%7%

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Local Rents

40 rents from £433/mo to £895/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£675	03/25	0.07 mi	-	2	Flat
£650	02/24	0.08 mi	-	2	Terraced House
£700	11/24	0.09 mi	-	2	Terraced House
£625	02/25	0.09 mi	-	2	Flat
£600	11/24	0.11 mi	-	2	Terraced House
£650	12/24	0.14 mi	-	2	Terraced House
£750	10/24	0.15 mi	-	2	Terraced House
£895	10/24	0.16 mi	-	2	Terraced House
£500	10/24	0.17 mi	Brompton Street, Middlesbrough, North Yorkshire, TS5	2	Terraced House
£595	10/24	0.17 mi	Caxton Street, Middlesbrough	2	Terraced House
£650	12/24	0.17 mi	-	2	Flat
£650	04/25	0.17 mi	-	2	Flat
£700	10/24	0.21 mi	The Avenue, Middlesbrough, TS5	2	Flat
£700	10/24	0.21 mi	-	2	Flat
£780	03/25	0.21 mi	-	2	Terraced House
£800	01/25	0.29 mi	-	2	Terraced House
£725	02/25	0.3 mi	-	2	Flat
£650	03/25	0.33 mi	-	2	Terraced House
£625	10/24	0.4 mi	Essex Street, Middlesbrough	2	Flat
£625	10/24	0.4 mi	Clough Close, Middlesbrough, North Yorkshire, TS5 5DW	2	Flat
£800	04/25	0.41 mi	-	2	Flat
£600	10/24	0.41 mi	-	2	Terraced House
£500	10/24	0.42 mi	Surrey Street, Middlesbrough, TS1 4QA	2	Terraced House
£650	10/24	0.44 mi	-	2	Terraced House
£650	10/24	0.45 mi	Dorman Gardens, Middlesbrough, Cleveland, TS5	2	Flat
£565	04/25	0.46 mi	-	2	Terraced House
£575	01/25	0.47 mi	-	2	Terraced House
£563	10/24	0.48 mi	2 Bed Apartment On Wilton Street	2	Flat
£650	10/24	0.48 mi	Park Lane, Middlesbrough, TS1	2	Terraced House
£600	10/24	0.51 mi	-	2	Terraced House
£700	01/25	0.54 mi	-	2	Terraced House
£433	10/24	0.55 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat
£433	10/24	0.55 mi	Woodlands Road, Middlesbrough, North Yorkshire, TS1	2	Flat
£695	10/24	0.55 mi	Cambridge Square, Middlesbrough, Cleveland, TS5	2	Flat
£500	10/24	0.56 mi	Longford Street, Middlesbrough, TS1 4RR	2	Flat
£700	03/25	0.58 mi	-	2	Terraced House
£700	10/24	0.6 mi	15 Wentworth Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£475	10/24	0.6 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£750	10/24	0.6 mi	18 Waverley Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£650	04/25	0.6 mi	-	2	Terraced House

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.17 miles away2.17 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.22 miles away1.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £70,000

December 4, 2024

Listed for £74,950

August 31, 2024

Description

A Pleasantly Located Two Bedroom Property +
Close To The Centre Of Middlesbrough & Linthorpe +
The Property Offers Well Appointed Living Accommodation +
Gas Central Heating & Double Glazing +
This Property Will Be of Interest To A Host Of Buyers +

A pleasantly located two bedroom property close to the centre of Middlesbrough and Linthorpe. The property offers well appointed living accommodation and is sure to be of interest to a host of buyers.

Tenure: Freehold
Council Tax Band: A

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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

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