3 Bed Bungalow, Refurb/BRRR, Middlesbrough, TS6 0HU, £110,000

Westfield Road, Middlesbrough, Cleveland, TS6 0HU - 2 views - 6 months ago

Motivated
Refurb/BRRR
~87 m²
+10 photos

ValuationFair Value

Sold Prices£80K - £415K
Sold Prices/m²£816/m² - £3.2K/m²

 

 

Square Metres

~87 m²
Price/m²£1.3K/m²

Value Estimate

£111,100

 

 

End Value (After Refurb)

£170,000

Uplift in Value

+55%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£34,330

Bridging Loan Interest

£2,888

Total Cash In

£73,167

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£170,000

Agent Fees (1%)

£1,700

Bridging Loan

£82,500

Bridging Loan Interest

£2,888

Flip Profit

£12,633

Local Sold Prices

50 sold prices from £80K to £415K, average is £153.5K. £816/m² to £3.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£240K10/220 mi35, Westfield Road, Middlesbrough, Redcar And Cleveland TS6 0HU3
£177.9K11/230.05 mi24, Westfield Close, Middlesbrough, Redcar And Cleveland TS6 0HX3
£130K07/210.05 mi7, Westfield Close, Middlesbrough, Redcar And Cleveland TS6 0HX3
£100K02/230.09 mi7, Pennyman Close, Normanby, Middlesbrough, Redcar And Cleveland TS6 0JG3
£174K12/230.15 mi4, Linton Road, Middlesbrough, Redcar And Cleveland TS6 0HZ3
£130K12/200.18 mi25, Scott Road, Middlesbrough, Redcar And Cleveland TS6 0JB3
£111K07/210.18 mi16, Scott Road, Middlesbrough, Redcar And Cleveland TS6 0JB3
£150K07/230.19 mi77, Skippers Lane, Normanby, Middlesbrough, Redcar And Cleveland TS6 0JE3
£135K06/230.21 mi20, Carron Grove, Middlesbrough, Redcar And Cleveland TS6 0HD3
£415K06/210.23 mi72, High Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LB3
£130K11/200.23 mi57, Normanby Road, Ormesby, Middlesbrough TS7 9NU3
£128K11/200.24 mi22, Meadowcroft Road, Middlesbrough, Redcar And Cleveland TS6 0JD3
£246K12/200.25 mi48, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HF3
£180K08/230.25 mi55, Blantyre Road, Middlesbrough, Redcar And Cleveland TS6 0EJ3
£153K12/200.25 mi7, Blantyre Road, Middlesbrough TS6 0EJ3
£175K01/210.26 mi48, Blantyre Road, Middlesbrough, Redcar And Cleveland TS6 0EY3
£170K12/200.26 mi19, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HN3
£192.5K08/230.3 mi12, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HP3
£154K02/210.32 mi22, Ashkirk Road, Middlesbrough, Redcar And Cleveland TS6 0EW3
£225K08/220.33 mi17, Meredith Avenue, Middlesbrough, Redcar And Cleveland TS6 0HW3
£152K12/210.33 mi15, Firtree Avenue, Middlesbrough, Redcar And Cleveland TS6 0PQ3
£228K12/220.34 mi6, Oakdene Close, Middlesbrough, Redcar And Cleveland TS6 0HB3
£245K08/230.34 mi48, Hollywalk Drive, Middlesbrough, Redcar And Cleveland TS6 0PL3
£163K06/230.34 mi22, Craigearn Road, Middlesbrough, Redcar And Cleveland TS6 0EH3
£147.5K03/210.34 mi41, Craigearn Road, Middlesbrough TS6 0EH3
£80K01/210.34 mi51, Starbeck Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QG3
£117.5K12/200.35 mi40, Kinloch Road, Middlesbrough, Redcar And Cleveland TS6 0ES3
£117.5K12/200.36 mi40, Kinloch Road, Middlesbrough, Redcar And Cleveland TS6 0ES3
£171K09/230.36 mi1, The Jennings, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LL3
£164K04/210.36 mi56, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NX3
£285K07/220.36 mi52, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NX3
£165K11/210.36 mi1, The Jennings, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LL3
£145K01/230.37 mi3, Thirlmere Crescent, Middlesbrough, Redcar And Cleveland TS6 0EU3
£150K11/230.37 mi17, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG3
£145K03/210.38 mi83, Normanby Road, Ormesby, Middlesbrough TS7 9NX3
£148.5K03/210.38 mi3, Kinloch Road, Middlesbrough, Redcar And Cleveland TS6 0EQ3
£180K05/240.4 mi4, Regency Avenue, Middlesbrough, Redcar And Cleveland TS6 0QN3
£140K12/200.41 mi68, Manor Green, Middlesbrough, Cleveland TS6 0DZ3
£150K01/240.41 mi32, Manor Green, Middlesbrough, Redcar And Cleveland TS6 0DZ3
£146K12/200.41 mi68, West Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LQ3
£150K04/210.41 mi38, Grasmere Drive, Middlesbrough, Redcar And Cleveland TS6 0EF3
£161K02/240.41 mi20, Grasmere Drive, Middlesbrough, Redcar And Cleveland TS6 0EF3
£185K02/230.41 mi135, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BZ3
£153K03/210.43 mi529, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0DX3
£325K02/230.43 mi15, Regency Avenue, Middlesbrough, Redcar And Cleveland TS6 0QL3
£265K03/230.43 mi14, Parkway Drive, Middlesbrough, Redcar And Cleveland TS6 0NU3
£183K02/230.45 mi7, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NS3
£87K09/220.45 mi113, Ainsworth Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QD3
£92.5K03/230.46 mi42, Cleveland Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LU3
£155K05/230.47 mi68, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BX3

Local Rents

18 rents from £575/mo to £995/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£64808/240.21 mi-3
£62510/240.36 miThe Jennings, Normanby, Middlesbrough, TS6 0LL3
£80003/250.37 mi-3
£65012/240.38 mi-3
£66003/250.45 mi-3
£62510/240.46 mi-3
£99510/240.5 mi-3
£90003/250.5 mi-3
£70002/240.51 mi-3
£70011/240.51 mi-3
£65010/240.51 miStapleford Road, Middlesbrough3
£65010/240.51 miGlentworth Avenue, Middlesbrough3
£60010/230.54 mi-3
£62510/240.54 mi-3
£67510/240.56 miCherry Tree Close, Ormesby,3
£65008/240.61 mi-3
£57502/240.62 mi-3
£62501/250.62 mi-3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.10 miles away

Nearest school

0.30 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Price changed to £110,000

March 4, 2025

Price changed to £120,000

January 7, 2025

Price changed to £130,000

December 7, 2024

Listed for £140,000

September 23, 2024

Floor Plans

Description

  • Freehold, Council Tax Band C +
  • No Chain +
  • Ideal For First Time Buyers / Investors +
  • Three Double Bedrooms +
  • Prime Location +
  • Close To Local Amenities & Schools +
  • Excellent Road & Transport Links +
  • Enclosed Rear Garden +
  • Off-Road Parking +
  • Viewing Highly Advised! +

Looking for a renovation project, then look no further this would be a great investment or first time buyer opportunity. Offering 2 spacious reception rooms and 3 double bedrooms. The property also benefits from an enclosed garden to the rear, to the front you will find a driveway offering off-road parking. Call now to book!

This three bedroom semi-detached bungalow is located in town of Middlesbrough with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

This spacious property opens to a welcoming entrance hall, a bright and spacious lounge room, a dining room, a fitted kitchen, three double bedrooms and a three-piece family bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from a good-sized enclosed garden to the rear. To the front you will find off-road parking.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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