3 Bed Terraced House, Single Let, Middlesbrough, TS5 5BD, £135,000

Maddren Way, Linthorpe, TS5 5BD - 2 views - 6 months ago

Sold STC
BTL
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£25K - £127.5K
Sold Prices/m²£316/m² - £1.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£82,232

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£260 - £1,235

Rent Estimate

£390

Running Costs/mo

£520

Cashflow/mo

£-130

Cashflow/yr

£-1,558

Gross Yield

3%

Local Sold Prices

50 sold prices from £25K to £127.5K, average is £81K. £316/m² to £1.7K/m², average is £880/m².

PriceDateDistanceAddressBeds 
£97K03/210.05 mi83, Clough Close, Middlesbrough TS5 5ET3
£118K12/230.05 mi99, Clough Close, Middlesbrough TS5 5ET3
£117K11/230.06 mi93, Maddren Way, Middlesbrough TS5 5BD3
£56K08/210.12 mi153, Ayresome Street, Middlesbrough TS1 4PX3
£86K11/200.15 mi36, Addison Road, Middlesbrough TS5 6BB3
£40K04/210.15 mi104, Longford Street, Middlesbrough TS1 4RL3
£52K02/230.15 mi116, Longford Street, Middlesbrough TS1 4RL3
£83K05/230.17 mi100, Meath Street, Middlesbrough TS1 4RY3
£107K10/210.17 mi94, St Barnabas Road, Middlesbrough TS5 6BA3
£77.5K11/200.19 mi33, The Turnstile, Middlesbrough TS5 6BY3
£110K09/230.19 mi8, Osborne Road, Middlesbrough TS5 6EQ3
£58.4K01/210.19 mi78, Surrey Street, Middlesbrough TS1 4QB3
£64K05/210.2 mi66, Harford Street, Middlesbrough TS1 4PP3
£77K01/210.21 mi9, Waterford Terrace, Middlesbrough TS1 4RX3
£104K05/210.22 mi25, Latham Road, Middlesbrough TS5 6EH3
£62K12/200.23 mi70, Kildare Street, Middlesbrough TS1 4QY3
£86.5K07/220.23 mi60, Carlow Street, Middlesbrough TS1 4SB3
£28K11/200.23 mi48, Aire Street, Middlesbrough TS1 4PG3
£40K04/210.23 mi58, Aire Street, Middlesbrough TS1 4PG3
£127.5K12/230.23 mi10, Lewis Road, Middlesbrough TS5 6EW3
£97K12/200.23 mi20, Lewis Road, Middlesbrough TS5 6EW3
£105K11/200.23 mi21, Lewis Road, Middlesbrough TS5 6EW3
£121.5K09/230.23 mi12, Lewis Road, Middlesbrough TS5 6EW3
£82K12/220.23 mi23, Ayresome Green Lane, Middlesbrough TS5 4DT3
£80K02/210.24 mi77, Ayresome Street, Middlesbrough TS1 4NR3
£87K07/230.25 mi111, Carlow Street, Middlesbrough TS1 4SA3
£58K11/200.25 mi59, Warwick Street, Middlesbrough TS1 4PA3
£88K12/200.25 mi28, Ayresome Park Road, Middlesbrough TS5 6AR3
£97K09/210.26 mi78, Ayresome Park Road, Middlesbrough TS5 6AS3
£84K01/210.26 mi66, Ayresome Park Road, Middlesbrough TS5 6AS3
£124K05/240.27 mi41, Chipchase Road, Middlesbrough TS5 6EL3
£70K08/210.27 mi51, Worcester Street, Middlesbrough TS1 4NS3
£60K07/210.27 mi75, Worcester Street, Middlesbrough TS1 4NS3
£65K02/230.27 mi112, Crescent Road, Middlesbrough TS1 4QS3
£90K01/230.28 mi94, Ayresome Grange Road, Middlesbrough TS5 4DX3
£85K04/230.28 mi130a, Crescent Road, Middlesbrough TS1 4QT3
£110K09/210.28 mi23, Burlam Road, Middlesbrough TS5 5AN3
£58K02/210.29 mi47, Clive Road, Middlesbrough TS5 6BH3
£76K03/240.29 mi122, West Lane, Middlesbrough TS5 4EJ3
£62K02/230.3 mi41, Surrey Street, Middlesbrough TS1 4QD3
£45K09/230.3 mi69, Crescent Road, Middlesbrough TS1 4QP3
£122.5K06/230.31 mi93, Tavistock Road, Middlesbrough TS5 6ER3
£65K03/230.31 mi1, Surrey Street, Middlesbrough TS1 4QD3
£25K04/210.31 mi30, Surrey Street, Middlesbrough TS1 4QD3
£95K02/230.31 mi30, Kings Road, Middlesbrough TS5 5AL3
£68K04/230.31 mi38, Essex Street, Middlesbrough TS1 4PS3
£53K04/210.32 mi10, Harford Street, Middlesbrough TS1 4PR3
£60K10/200.32 mi34, Harford Street, Middlesbrough TS1 4PR3
£39.9K03/230.32 mi26, Harford Street, Middlesbrough TS1 4PR3
£100K11/210.32 mi30, Kings Road, Middlesbrough TS5 5AL3

Local Rents

40 rents from £260/mo to £1.2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£82510/240.09 miClough Close, Middlesbrough3
£75001/250.15 mi-3
£69502/250.17 mi-3
£65010/240.2 miHarford Street, Middlesbrough3
£1,00003/250.2 mi-3
£95001/250.21 mi-3
£67504/250.23 mi-3
£72510/240.25 miLongford Street, Middlesbrough3
£85003/250.29 mi-3
£85010/240.31 mi-3
£75010/240.32 mi2 Harford Street, Middlesbrough, North Yorkshire, TS13
£75003/250.34 mi-3
£75003/250.34 mi-3
£69503/250.35 mi-3
£39010/240.41 mi62, Outram Street, Middlesbrough, TS13
£70010/240.41 miNesham Road, Middlesbrough, North Yorkshire, TS13
£79502/240.41 mi-3
£52510/240.41 miFalkland Street, Middlesbrough, TS1 4JH3
£74502/250.43 mi-3
£79501/250.43 mi-3
£80004/250.44 mi-3
£26010/240.46 miGresham Road, Middlesbrough3
£78010/240.46 mi-3
£78010/240.46 miGresham Road, Middlesbrough, TS13
£45510/240.46 miGresham Road, Middlesbrough3
£1,01510/240.48 miAcklam Gardens, Middlesbrough, TS53
£1,05010/240.48 miAcklam Gardens, Middlesbrough, TS53
£70003/250.48 mi-3
£1,01510/240.5 miAcklam Gardens, Middlesbrough, TS53
£88010/240.52 mi-3
£52510/240.52 miStowe Street, Middlesbrough, TS13
£52510/240.52 miStowe Street, Middlesbrough, TS13
£52510/240.52 miStowe Street, Middlesbrough, TS13
£95010/240.58 miPercy Street, Middlesbrough, TS13
£1,01510/240.58 miAcklam Gardens, Middlesbrough, TS53
£1,23512/240.58 mi-3
£1,01510/240.59 miAcklam Gardens, Middlesbrough, TS53
£1,20010/240.59 miAlbert Terrace, Middlesbrough3
£45010/240.59 miAlbany Street, Middlesbrough, TS1 4DB3
£57502/240.61 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.54 miles away

Nearest school

0.20 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £135,000

September 28, 2024

Floor Plans

Description

  • Barratt Built Home +
  • Three Bedrooms, Master with En-Suite +
  • Very Straightforward Chain Free Sale +
  • Ideal Starting Point for First Time Buyers & Investors Alike +
  • Ground Floor WC +
  • Family Bathroom +
  • Ideal Instinct 30 Boiler Fitted in March 2024 with 5 Year Warranty +
  • Off Street Parking & Garage to the Rear +
  • UPVC Double Glazed Windows & Exterior Doors +

Ideal starting point if you are looking to get on the property ladder or to add to your portfolio.

Features include off street parking with a detached garage, gas central heating with an Ideal Instinct 30 Boiler fitted in March 2024 with 5 year warranty, UPVC double glazed windows, two reception rooms, bathroom with a three-piece suite, as well as a master bedroom en-suite.

The property comprises entrance hall, lounge, dining room, WC and kitchen. On the first floor there are three bedrooms (the master having an en-suite shower room) and a family bathroom. Externally there is a good sized rear garden with a lawn and paved patio and there is a garage to the rear of the property.

Tenure - Freehold

Council Tax Band C

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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