5 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 6SB, £270,000

The Avenue, Linthorpe, TS5 6SB - 6 views - 6 months ago

Refurb/BRRR

~178 m²

+10 photos

ValuationUndervalued

Sold Prices	£127K - £710K
Sold Prices/m²	£1.1K/m² - £2.8K/m²

Square Metres	~178.28 m²
Price/m²	£1.5K/m²
Value Estimate	£298,700£298,700
BMV	3%

End Value (After Refurb)	£271,969£271,969
Uplift in Value	+-6%+-6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£11,900£11,900
Refurb Costs	£70,349£70,349
Bridging Loan Interest	£7,088£7,088
Total Cash In	£158,587£158,587

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£271,969£271,969
Mortgage (After Refinance)	£203,977£203,977
Mortgage LTV	75%75%
Cash Released	£1,477£1,477
Cash Left In	£157,110£157,110
Equity	£67,992£67,992
Rent Range	£575 - £1,600£575 - £1,600
Rent Estimate	£728
Running Costs/mo	£1,016£1,016
Cashflow/mo	£-288£-288
Cashflow/yr	£-3,450£-3,450
Gross Yield	3%3%

Local Sold Prices

28 sold prices from £127K to £710K, average is £274.5K. £1.1K/m² to £2.8K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£225.5K	03/21	0.05 mi	67, The Avenue, Middlesbrough TS5 6QU	-	-	5	Semi-Detached House
£230K	02/21	0.13 mi	31, Claude Avenue, Middlesbrough TS5 5PT	£1,620	142	5	Semi-Detached House
£275K	05/23	0.18 mi	40, Westwood Avenue, Middlesbrough TS5 5PX	-	-	5	Semi-Detached House
£225K	01/23	0.32 mi	11, Windsor Road, Middlesbrough TS5 6DS	£1,286	175	5	Terraced House
£143K	09/22	0.49 mi	11, Sutton Way, Middlesbrough TS4 3HE	-	-	5	Terraced House
£710K	07/23	0.52 mi	18, Cambridge Road, Linthorpe, Middlesbrough TS5 5NN	£2,152	330	5	Detached House
£215K	03/23	0.9 mi	11, Appleton Road, Middlesbrough TS5 5HT	-	-	5	Terraced House
£320K	02/21	0.95 mi	21, Church Lane, Middlesbrough TS5 7EF	£1,711	187	5	Semi-Detached House
£278K	03/21	0.95 mi	25, Church Lane, Middlesbrough TS5 7EF	£1,716	162	5	Semi-Detached House
£372K	01/23	1.44 mi	27, Sandy Flatts Lane, Middlesbrough TS5 7YY	£2,647	141	5	Detached House
£370K	08/23	1.49 mi	12, Sandy Flatts Lane, Middlesbrough TS5 7YY	-	-	5	Detached House
£325K	01/21	1.49 mi	6, Sandy Flatts Lane, Middlesbrough TS5 7YY	£1,658	196	5	Detached House
£350K	02/22	1.66 mi	35, The Ladle, Middlesbrough TS4 3SL	£1,832	191	5	Detached House
£255K	02/21	1.66 mi	40, The Ladle, Middlesbrough TS4 3SL	£1,781	143	5	Semi-Detached House
£250K	10/20	1.66 mi	34, The Ladle, Middlesbrough TS4 3SL	£2,155	116	5	Detached House
£301K	08/21	1.66 mi	37, The Ladle, Middlesbrough TS4 3SL	£1,682	179	5	Detached House
£301K	08/21	1.66 mi	37, The Ladle, Middlesbrough TS4 3SL	£1,682	179	5	Detached House
£233K	09/21	1.7 mi	18, Geltsdale, Middlesbrough TS5 8TF	£1,752	133	5	Detached House
£225K	05/21	1.72 mi	25, Marton Avenue, Middlesbrough TS4 3SQ	£1,662	135	5	Semi-Detached House
£307K	06/21	1.72 mi	19, Marton Avenue, Middlesbrough TS4 3SQ	£1,633	188	5	Semi-Detached House
£274K	08/21	1.72 mi	21, Marton Avenue, Middlesbrough TS4 3SQ	-	-	5	Semi-Detached House
£365K	09/22	1.72 mi	31, Marton Avenue, Middlesbrough TS4 3SQ	£1,853	197	5	Semi-Detached House
£337K	02/24	1.72 mi	26, Marton Avenue, Middlesbrough TS4 3SQ	£1,746	193	5	Semi-Detached House
£130K	09/21	1.75 mi	67, Charlbury Road, Middlesbrough TS3 8LS	-	-	5	Semi-Detached House
£230K	01/24	1.8 mi	3, Cremorne Close, Marton In Cleveland, Middlesbrough TS7 8RE	-	-	5	Semi-Detached House
£127K	10/20	1.84 mi	5, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RG	£1,134	112	5	Terraced House
£155K	06/21	1.87 mi	95, Southdean Drive, Hemlington, Middlesbrough TS8 9HJ	£1,667	93	5	Semi-Detached House
£640K	11/22	1.93 mi	95, Low Lane, Middlesbrough TS5 8EF	£2,783	230	5	Detached House

Local Rents

18 rents from £575/mo to £1.6K/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£765	09/24	0.15 mi	-	3	Semi-Detached House
£800	02/24	0.19 mi	-	3	Terraced House
£575	02/24	0.2 mi	-	3	Terraced House
£850	10/24	0.23 mi	-	3	Semi-Detached House
£880	10/24	0.25 mi	-	3	Terraced House
£745	03/25	0.31 mi	-	3	Semi-Detached House
£1,050	03/25	0.32 mi	-	3	Semi-Detached House
£745	02/25	0.37 mi	-	3	Flat
£850	03/25	0.39 mi	-	3	Semi-Detached House
£750	03/25	0.4 mi	-	3	Terraced House
£750	03/25	0.4 mi	-	3	Terraced House
£800	04/25	0.47 mi	-	3	Semi-Detached House
£850	10/24	0.49 mi	-	3	Terraced House
£800	10/24	0.51 mi	-	3	Semi-Detached House
£850	03/25	0.52 mi	-	3	Terraced House
£695	02/25	0.57 mi	-	3	Terraced House
£1,600	10/24	0.58 mi	-	5	Terraced House
£1,000	03/25	0.58 mi	-	4	Terraced House

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	1.94 miles away1.94 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.62 miles away1.62 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £270,000

December 4, 2024

Listed for £290,000

October 1, 2024

Floor Plans

Description

Chain Free Sale! +
Gas Central Heating +
Perfect Family Home +
Ripe for a Refurb! +
Off Street Parking for Multiple Cars +
Large Kitchen/Diner +
Five Bedrooms +
Great Schooling in the Area +
Sash Windows +

Sure to be of interest to a good few! This five bedroom semi-detached home in the heart of Linthorpe is in need of modernising however will make a beautiful family home when complete!

Notable features include great schooling in the area, gas central heating, sash windows, large kitchen/diner, handy storage with the outhouses at the rear of the kitchen, off street parking for multiple cars, enclosed rear garden, five bedrooms and two reception rooms.

The property comprises entrance hall, lounge, dining room, kitchen/diner and outhouses/storage space. On the first floor there are five bedrooms and a bathroom with separate WC. Externally to the front there is off street parking and to the rear there is an enclosed garden laid to lawn.

Tenure - Freehold

Council Tax Band D

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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

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