3 Bed Terraced House, Single Let, Middlesbrough, TS3 6NP, £50,000

64 Beaumont Road, Middlesbrough, Cleveland, TS3 6NP - 1 views - 7 months ago

Sold STC
Auction
BTL
ROI: 17%
83 m²
+7 photos

ValuationUndervalued

Sold Prices£32.5K - £175K
Sold Prices/m²£417/m² - £1.9K/m²

 

 

Square Metres

83 m²
Price/m²£602/m²

Value Estimate

£60,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£420 - £1,100

Rent Estimate

£499

Running Costs/mo

£276

Cashflow/mo

£223

Cashflow/yr

£2,675

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £32.5K to £175K, average is £82K. £417/m² to £1.9K/m², average is £773/m².

PriceDateDistanceAddressBeds 
£46K10/210.03 mi25, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£54K05/230.03 mi32, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£37K10/200.06 mi62, Thornton Street, Middlesbrough TS3 6PH3
£35K10/200.1 mi45, Norcliffe Street, Middlesbrough TS3 6PN3
£52K03/230.1 mi10, Norcliffe Street, Middlesbrough TS3 6PS3
£48.5K08/210.11 mi12, Tunstall Street, Middlesbrough TS3 6PE3
£52K12/220.12 mi9, Ryedale Street, Middlesbrough TS3 6PF3
£32.5K11/200.12 mi43, Coltman Street, Middlesbrough TS3 6JA3
£48.5K05/230.15 mi47, Jubilee Street, Middlesbrough TS3 6QJ3
£55K01/230.23 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£65K05/210.24 mi78, Kings Road, North Ormesby, Middlesbrough TS3 6EU3
£52.5K03/210.24 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£63K02/210.24 mi123, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£110K04/230.26 mi19, Kildale Court, North Ormesby, Middlesbrough TS3 6LS3
£126K05/230.27 mi23, Oakfield Road, Middlesbrough TS3 6EL3
£175K06/230.28 mi26, Millfield Road, Middlesbrough TS3 6ES3
£126K12/220.37 mi12, Lavender Road, Middlesbrough TS3 7AE3
£83K01/230.37 mi8, Bordesley Green, Middlesbrough TS3 8HP3
£51K08/210.38 mi34, Alphonsus Street, Middlesbrough TS3 6DZ3
£105K10/200.38 mi33, Ormesby Road, Middlesbrough TS3 7AH3
£95K01/230.45 mi61, Merlin Road, Middlesbrough TS3 8EB3
£92K04/210.46 mi63, Lytton Street, Middlesbrough TS4 2DD3
£61K04/230.47 mi2, Cottingham Drive, Middlesbrough TS3 8LB3
£105K03/230.47 mi38, Falcon Road, Middlesbrough TS3 8EE3
£90K01/230.47 mi21, Falcon Road, Middlesbrough TS3 8EE3
£71K05/210.48 mi64, Saltwells Road, Middlesbrough TS4 2DZ3
£56.3K05/210.48 mi18, Kestrel Avenue, Middlesbrough TS3 8EG3
£62K11/220.48 mi14, Kestrel Avenue, Middlesbrough TS3 8EG3
£88K12/200.48 mi56, Ingram Road, Middlesbrough TS3 7AZ3
£95K01/230.49 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£82K12/230.49 mi137, Saltwells Road, Middlesbrough TS4 2DT3
£89K03/230.49 mi83, Saltwells Road, Middlesbrough TS4 2DT3
£62K03/210.5 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£120K02/230.5 mi123, Saltwells Road, Middlesbrough TS4 2DT3
£93K10/210.51 mi23, Saltwells Crescent, Middlesbrough TS4 2DX3
£60K01/210.53 mi10, Cranmore Road, Middlesbrough TS3 8JF3
£78K09/210.53 mi29, Bradhope Road, Middlesbrough TS3 7BB3
£101K11/200.54 mi16, Saltwater Court, Middlesbrough TS4 2AQ3
£77.5K02/210.54 mi41, Wellesley Road, Middlesbrough TS4 2DQ3
£85K01/240.54 mi68, Wellesley Road, Middlesbrough TS4 2DQ3
£87.5K05/240.54 mi59, Wellesley Road, Middlesbrough TS4 2DQ3
£72K09/210.57 mi29, Cotswold Avenue, Middlesbrough TS3 8JN3
£138K01/230.58 mi34, Bridgewater Court, Middlesbrough TS4 2GE3
£130K10/230.58 mi11, Bridgewater Court, Middlesbrough TS4 2GE3
£125K05/230.59 mi36, Hutton Road, Middlesbrough TS4 2LE3
£64K06/210.59 mi14, Lowfield Avenue, Middlesbrough TS3 9BB3
£167K05/220.61 mi38, Simon Hunter Way, Middlesbrough TS4 2GX3
£115K09/220.62 mi11, Bilsdale Road, Middlesbrough TS4 2LQ3
£148K11/230.62 mi1, Bilsdale Road, Middlesbrough TS4 2LQ3
£82K05/210.62 mi2, Penhill Close, Middlesbrough TS3 7RA3

Local Rents

36 rents from £420/mo to £1.1K/mo, average is £723/mo.

RentDateDistanceAddressBeds 
£80003/250.06 mi-3
£70011/240.06 mi-3
£69510/240.06 miPilkington Street, Middlesbrough, North Yorkshire, TS3 6JN3
£79510/240.07 miBeaumont Road, Middlesbrough, TS33
£79510/240.07 mi-3
£69503/250.07 mi-3
£65010/240.07 mi-3
£80011/240.07 mi-3
£80011/240.07 mi-3
£52503/250.07 mi-3
£79510/240.09 mi-3
£89511/240.09 mi-3
£69503/250.11 mi-3
£79504/250.11 mi-3
£79501/250.12 mi-3
£79501/250.12 mi-3
£74510/240.13 mi-3
£99510/240.13 mi-3
£69510/240.13 miJubilee Street, Middlesbrough, TS33
£69510/240.13 mi-3
£69502/250.13 mi-3
£79503/250.13 mi-3
£65012/230.15 mi-3
£67012/230.15 mi-3
£79510/240.25 mi-3
£70004/250.26 mi-3
£42010/240.29 mi-3
£85003/250.36 mi-3
£69503/250.38 mi-3
£75012/240.48 mi-3
£65002/240.51 mi-3
£1,10003/250.51 mi-3
£67510/240.56 miCottingham Drive, Middlesbrough3
£95012/240.57 mi-3
£69509/240.62 mi-3
£65011/240.62 mi-3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.52 miles away

Nearest school

0.10 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £50,000

September 18, 2024

Description

**Guide Price £50,000 PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT

For sale by unconditional online auction on the 23rd of September 2024.

Registration is now open, bidding opens on 23rd of September at 10:00 and ends on 26th of September at 18:55.**

Three Bed End Terrace
Offers Invited Pre Auction

Description
SOLD WITH SITTING TENANT

End terrace house with gas central heating and double glazing. Situated in North Ormesby area of Middlesbrough this property is sure to attract lots of interest. The accommodation comprises of; entrance hall, lounge, dining room, kitchen, bathroom and three bedrooms. Externally there is a rear yard.

Sold as seen

Tenure: Freehold

Council tax band: A

EPC Rating: D

Disclaimer:
Material information will be provided within the legal pack- to download this register your interest at tcpa.co.uk.

Please Note T&C has not inspected this property.

Tenure
Freehold

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Town & Country Property Auctions, Normanby

01644 714343

Next Steps?

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