2 Bed Flat, Single Let, Stockton-on-Tees, TS17 5GW, £85,000

85, Hadleigh Walk, Ingleby Barwick, Stockton-on-Tees, TS17 5GW - 1 views - 7 months ago

Sold STC

Leasehold

BTL

ROI: 11%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£53K - £187.5K
Sold Prices/m²	£874/m² - £3.4K/m²

Square Metres	~68.11 m²
Price/m²	£1.2K/m²
Value Estimate	£102,850£102,850
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,250£21,250
Stamp Duty & Legal Fees	£5,450£5,450
Total Cash In	£26,700£26,700

Cash Out
Rent Range	£600 - £775£600 - £775
Rent Estimate	£650
Running Costs/mo	£416£416
Cashflow/mo	£234£234
Cashflow/yr	£2,813£2,813
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £53K to £187.5K, average is £107.5K. £874/m² to £3.4K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£85K	02/24	0.01 mi	42, Hadleigh Walk, Ingleby Barwick, Stockton-on-tees TS17 5GW	£1,574	54	2	Flat
£85K	09/23	0.04 mi	8, Hatchlands Park, Ingleby Barwick, Stockton-on-tees TS17 5GU	£1,491	57	2	Flat
£87K	10/22	0.04 mi	6, Hatchlands Park, Ingleby Barwick, Stockton-on-tees TS17 5GU	£1,642	53	2	Flat
£103K	06/22	0.1 mi	73, Hillbrook Crescent, Broom Hill, Stockton-on-tees TS17 5BN	£1,839	56	2	Flat
£97K	11/23	0.13 mi	84, Hillbrook Crescent, Broom Hill, Stockton-on-tees TS17 5BN	£1,690	57	2	Flat
£85K	03/21	0.13 mi	75, Hillbrook Crescent, Broom Hill, Stockton-on-tees TS17 5BN	£1,518	56	2	Flat
£82K	08/23	0.13 mi	69, Hillbrook Crescent, Broom Hill, Stockton-on-tees TS17 5BN	£1,454	56	2	Flat
£94K	03/23	0.16 mi	54, Longleat Walk, Ingleby Barwick, Stockton-on-tees TS17 5BW	-	-	2	Flat
£80K	08/23	0.16 mi	17, Longleat Walk, Broom Hill, Stockton-on-tees TS17 5BW	£1,462	55	2	Flat
£80K	06/21	0.16 mi	56, Longleat Walk, Broom Hill, Stockton-on-tees TS17 5BW	£1,429	56	2	Flat
£90K	11/20	0.16 mi	27, Longleat Walk, Broom Hill, Stockton-on-tees TS17 5BW	-	-	2	Flat
£87K	12/22	0.29 mi	89, Longleat Walk, Ingleby Barwick, Stockton-on-tees TS17 5BZ	-	-	2	Flat
£63.5K	07/22	0.87 mi	30, Bramcote Way, Thornaby, Stockton-on-tees TS17 0LS	£1,074	59	2	Flat
£92.5K	11/21	1.08 mi	20, Sunningdale Walk, Eaglescliffe, Stockton-on-tees TS16 9HZ	£1,814	51	2	Flat
£116K	10/22	1.09 mi	11, Formby Walk, Eaglescliffe, Stockton-on-tees TS16 9EL	£2,000	58	2	Flat
£105K	06/23	1.09 mi	35, Formby Walk, Eaglescliffe, Stockton-on-tees TS16 9EL	£1,750	60	2	Flat
£110K	04/22	1.09 mi	19, Formby Walk, Eaglescliffe, Stockton-on-tees TS16 9EL	£1,549	71	2	Flat
£100K	09/22	1.09 mi	37, Formby Walk, Eaglescliffe, Stockton-on-tees TS16 9EL	£1,721	58	2	Flat
£79.5K	12/22	1.28 mi	33, Willow Sage Court, Stockton-on-tees TS18 3UQ	-	-	2	Flat
£57K	12/20	1.3 mi	21, Willow Sage Court, Stockton-on-tees TS18 3UQ	£874	65	2	Flat
£53K	04/21	1.3 mi	29, Willow Sage Court, Stockton-on-tees TS18 3UQ	£900	59	2	Flat
£61.3K	03/23	1.3 mi	25, Willow Sage Court, Stockton-on-tees TS18 3UQ	£972	63	2	Flat
£74K	06/23	1.3 mi	31, Willow Sage Court, Stockton-on-tees TS18 3UQ	£1,076	69	2	Flat
£165K	03/22	1.35 mi	12, Goose Garth, Eaglescliffe, Stockton-on-tees TS16 0RQ	£2,500	66	2	Flat
£160K	07/21	1.36 mi	24, Goose Garth, Eaglescliffe, Stockton-on-tees TS16 0RQ	£1,768	91	2	Flat
£162.5K	03/23	1.36 mi	4, Goose Garth, Eaglescliffe, Stockton-on-tees TS16 0RQ	£2,579	63	2	Flat
£170K	08/22	1.36 mi	23, Goose Garth, Eaglescliffe, Stockton-on-tees TS16 0RQ	£2,742	62	2	Flat
£160K	07/21	1.36 mi	24, Goose Garth, Eaglescliffe, Stockton-on-tees TS16 0RQ	£1,768	91	2	Flat
£167.5K	09/23	1.36 mi	15, Goose Garth, Eaglescliffe, Stockton-on-tees TS16 0RQ	£2,500	67	2	Flat
£53K	08/22	1.37 mi	126, Eltham Crescent, Thornaby, Stockton-on-tees TS17 9RG	£1,039	51	2	Flat
£60K	08/23	1.38 mi	23, Ternbeck Way, Thornaby, Stockton-on-tees TS17 9RF	£1,132	53	2	Flat
£110K	05/22	1.44 mi	30, Fullerton Way, Thornaby, Stockton-on-tees TS17 0AU	-	-	2	Flat
£160K	06/21	1.52 mi	Apartment 6, Norlyn, Elton Lane, Eaglescliffe, Stockton-on-tees TS16 0PP	-	-	2	Flat
£155K	11/22	1.56 mi	Apartment 1, Norlyn, Elton Lane, Eaglescliffe, Stockton-on-tees TS16 0PP	£2,818	55	2	Flat
£135K	05/23	1.57 mi	Apartment 3, Norlyn, Elton Lane, Eaglescliffe, Stockton-on-tees TS16 0PP	-	-	2	Flat
£160K	06/21	1.57 mi	Apartment 6, Norlyn, Elton Lane, Eaglescliffe, Stockton-on-tees TS16 0PP	-	-	2	Flat
£185K	01/22	1.57 mi	5, Beechtree Court, Yarm, Stockton-on-tees TS15 9XJ	£3,371	55	2	Flat
£175K	11/22	1.58 mi	Flat 17, Merryweather Court, Central Street, Yarm, Stockton-on-tees TS15 9FF	-	-	2	Flat
£187.5K	11/21	1.6 mi	28, Atlas Wynd, Yarm, Stockton-on-tees TS15 9AD	£2,500	75	2	Flat
£167.8K	01/22	1.66 mi	3, Bridge Court, Yarm, Stockton-on-tees TS15 9NY	£2,893	58	2	Flat
£180K	08/22	1.69 mi	Flat 14, Brunel House, The Old Market, Yarm, Stockton-on-tees TS15 9US	-	-	2	Flat
£166K	10/23	1.7 mi	Flat 6, The Orchard, High Church Wynd, Yarm, Stockton-on-tees TS15 9BQ	-	-	2	Flat
£150K	01/23	1.7 mi	37, High Church Wynd, Yarm, Stockton-on-tees TS15 9BQ	£2,678	56	2	Flat
£145K	09/22	1.7 mi	33, High Church Wynd, Yarm, Stockton-on-tees TS15 9BQ	£2,164	67	2	Flat
£155K	09/21	1.71 mi	3, Kinloss Walk, Thornaby, Stockton-on-tees TS17 9QW	-	-	2	Flat
£167K	06/23	1.73 mi	28, The Old Market, Yarm, Stockton-on-tees TS15 9BX	£2,897	58	2	Flat
£139.5K	12/22	1.74 mi	8, The Old Market, Yarm, Stockton-on-tees TS15 9BX	£2,968	47	2	Flat
£122K	12/23	1.78 mi	Hauxwells Building, Flat 6, West Street, Yarm, Stockton-on-tees TS15 9BT	£1,794	68	2	Flat
£105K	10/22	1.81 mi	23, Sculptor Crescent, Stockton-on-tees TS18 3QR	£1,567	67	2	Flat
£62.5K	06/23	1.84 mi	20, Gilpin Road, Thornaby, Stockton-on-tees TS17 8PF	£977	64	2	Flat

Local Rents

10 rents from £600/mo to £775/mo, average is £713/mo.

Rent	Date	Distance	Address	Beds	Type
£625	10/24	0.02 mi	Hadleigh Walk, Stockton	2	Flat
£685	04/25	0.02 mi	-	2	Flat
£650	10/24	0.06 mi	Hatchlands Park, Ingleby Barwick, Stockton-on-Tees	2	Flat
£700	10/24	0.16 mi	Longleat Walk, TS17	2	Flat
£725	10/24	0.18 mi	Greensforge Drive, Ingleby Barwick	2	Flat
£725	10/24	0.2 mi	Greensforge Drive, Ingleby Barwick	2	Flat
£600	10/24	0.29 mi	Longleat Walk, Ingleby Barwick	2	Flat
£750	01/24	0.45 mi	-	2	Semi-Detached House
£775	03/25	0.53 mi	-	2	Semi-Detached House
£750	12/23	0.61 mi	-	2	Semi-Detached House

Local Area Statistics

Population in TS17	44,64744,647
Population in Stockton-on-Tees	149,709149,709
Town centre distance	3.40 miles away3.40 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.20 miles away1.20 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £85,000

September 27, 2024

Description

A Competitively Priced Two Bedroom Ground Floor Apartment +
Located In the Broomhill Area of Ingleby Barwick +
Lounge/Kitchen with Fitted Wall & Floor Units & Built-In Oven & Hob +
Two Bedrooms +
Dressing Room to The Master Bedroom +
Bathroom with White Three Piece Suite +
Gas Central Heating System Via Combination Boiler & Double Glazing +
Allocated Parking & Additional Visitors Spaces +
Of Particular Interest to Investor Buyers as There Is Currently a Tenant in Situ Paying £650 PCM +

A competitively priced two bedroom ground floor apartment located in the Broomhill area of Ingleby Barwick.

Tenure - Leasehold

Council Tax Band B

Agent Details

Michael Poole, Ingleby Barwick

01642 056949

Next Steps?

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

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