2 Bed Terraced House, Single Let, Middlesbrough, TS3 6QA, £75,000

2 Mccreton Street, Middlesbrough, TS3 6QA - 10 views - 8 months ago

BTL
ROI: 7%
63 m²
+4 photos

ValuationOvervalued

Sold Prices£30K - £140K
Sold Prices/m²£349/m² - £2K/m²

 

 

Square Metres

63 m²
Price/m²£1.2K/m²

Value Estimate

£56,010

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,600

Total Cash In

£22,350

 

 

Cash Out

 

Rent Range

£475 - £795

Rent Estimate

£505

Running Costs/mo

£355

Cashflow/mo

£150

Cashflow/yr

£1,796

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £30K to £140K, average is £70K. £349/m² to £2K/m², average is £935/m².

PriceDateDistanceAddressBeds 
£50K12/220 mi2, Mccreton Street, Middlesbrough TS3 6QA2
£40.5K03/230.06 mi10, Stainton Street, Middlesbrough TS3 6QF2
£30K11/200.11 mi11, Coronation Street, Middlesbrough TS3 6QH2
£43K06/210.13 mi21, Thornton Street, Middlesbrough TS3 6PG2
£118K08/210.15 mi5, Millfield Road, Middlesbrough TS3 6ES2
£48K03/230.15 mi2, Norcliffe Street, Middlesbrough TS3 6PS2
£100K05/230.15 mi11, Millfield Road, Middlesbrough TS3 6ES2
£88K06/230.16 mi23, Livingstone Road, Middlesbrough TS3 6ET2
£49K08/230.16 mi11, Livingstone Road, Middlesbrough TS3 6ET2
£42K03/210.18 mi27, Kindersley Street, Middlesbrough TS3 6PW2
£36K07/210.19 mi5, Deacon Street, Middlesbrough TS3 6PB2
£45K03/230.23 mi25, Coltman Street, Middlesbrough TS3 6JA2
£30K06/210.23 mi35, Dorothy Street, Middlesbrough TS3 6JD2
£70K06/210.24 mi25, Thomas Street, Middlesbrough TS3 6JE2
£40K03/210.25 mi16, Maria Street, Middlesbrough TS3 6JQ2
£52K01/230.27 mi106, Beaumont Road, Middlesbrough TS3 6NP2
£45K03/230.3 mi5, Herbert Street, Middlesbrough TS3 6JR2
£82.5K07/210.43 mi9, Westerdale Road, Middlesbrough TS3 7RQ2
£45K03/230.46 mi15, Benedict Street, Middlesbrough TS3 6DT2
£75K01/230.48 mi26, Delarden Road, Middlesbrough TS3 8JR2
£71K11/200.52 mi43, Merlin Road, Middlesbrough TS3 8EB2
£95K08/210.53 mi80, Highfield Road, Middlesbrough TS4 2QP2
£140K09/230.53 mi62, Highfield Road, Middlesbrough TS4 2QP2
£48.5K04/210.53 mi35, Saltwells Road, Middlesbrough TS4 2EB2
£44K11/200.54 mi7, Lytton Street, Middlesbrough TS4 2BZ2
£78.5K04/230.56 mi146, Ingram Road, Middlesbrough TS3 7BU2
£75K10/210.57 mi129, Ingram Road, Middlesbrough TS3 7BX2
£105K12/220.58 mi2, Gilling Walk, Middlesbrough TS3 7PG2
£105K12/200.58 mi62, Roseberry Road, Middlesbrough TS4 2LL2
£70K06/210.62 mi2, Chevin Walk, Middlesbrough TS3 7QD2
£110K09/230.65 mi106, Lansdowne Road, Middlesbrough TS4 2QS2
£81K12/220.65 mi19, Cannock Road, Middlesbrough TS3 7NU2
£103K11/220.66 mi42, Crossfell Road, Middlesbrough TS3 7PX2
£77K11/220.68 mi16, Angle Street, Middlesbrough TS4 2JA2
£60K05/210.68 mi22, Angle Street, Middlesbrough TS4 2JA2
£80K02/230.69 mi32, Angle Street, Middlesbrough TS4 2JA2
£66K02/210.69 mi23, Hoskins Way, Middlesbrough TS3 8NJ2
£91K12/220.7 mi11, Toronto Crescent, Middlesbrough TS4 2NA2
£82K08/220.71 mi178, Roseberry Road, Middlesbrough TS4 2QF2
£106K11/230.72 mi15, Egmont Road, Middlesbrough TS4 2HU2
£100K07/220.72 mi32, Newstead Road, Middlesbrough TS4 2HJ2
£120K07/210.72 mi4, Stanhope Gardens, Middlesbrough TS4 2QA2
£68K08/230.73 mi58, Byelands Street, Middlesbrough TS4 2HP2
£85K06/230.75 mi11, Brigham Road, Middlesbrough TS3 7DG2
£61.5K11/200.75 mi34, Talbot Street, Middlesbrough TS1 3EP2
£70K04/230.77 mi23, Skelwith Road, Middlesbrough TS3 7PT2
£63K05/210.78 mi26, Roscoe Street, Middlesbrough TS1 3HN2
£48.5K01/210.78 mi27, Esher Street, Middlesbrough TS1 3EN2
£52.5K03/210.78 mi9, Roscoe Street, Middlesbrough TS1 3HN2
£72.5K03/230.78 mi29, Overdale Road, Middlesbrough TS3 7DP2

Local Rents

19 rents from £475/mo to £795/mo, average is £640/mo.

RentDateDistanceAddressBeds 
£47510/240.01 mi-2
£69512/230.03 mi-2
£55010/240.12 miCadogan Street, North Ormesby, Middlesbrough, North Yorkshire, TS32
£50010/240.22 mi-2
£49910/240.23 mi-2
£57510/240.23 miColtman Street, MIDDLESBROUGH2
£57510/240.26 miPeaton Street, MIDDLESBROUGH2
£59504/250.26 mi-2
£79501/250.28 mi-2
£65010/240.29 miEsk Street, Middlesbrough, TS32
£69510/240.31 mi-2
£79503/250.31 mi-2
£69510/240.31 miHerbert Street, Middlesbrough, TS32
£79503/250.32 mi-2
£79503/250.32 mi-2
£55002/250.44 mi-2
£65010/240.48 miDelarden Road, Pallister Park2
£64012/240.6 mi-2
£60505/240.6 mi-2

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.31 miles away

Nearest school

0.10 miles away

Nearest train station

1.33 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 £75,000

December 26, 2024

Listed for £80,000

September 6, 2024

Sold for £50,000

2022

Sold for £31,000

2017

Sold for £20,000

2016

Floor Plans

Description

No Chain
For sale this ideal investment property or first time buy located within the popular area of North Ormesby. This is a two bedroom end- terraced house. Briefly comprising of an entrance hall with staircase to the first floor, a good sized lounge flowing through to the dining area, kitchen with access to the enclosed rear yard, a spacious white bathroom. To the first floor there is a good sized landing accessing a spacious master bedroom, and a further bedroom. Early viewings are highly recommended to avoid disappointment.

Located in the North Ormesby area of Middlesbrough with easy access to main routes A66 and A19 and close to the town centre.

Agent Details

Bridgfords, Middlesbrough

01642 056953

Next Steps?

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