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3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 8JA, £165,000

15 Malvern Drive, Middlesbrough, TS5 8JA - 6 months ago

Refurb/BRRR
96 m²
+2 photos

ValuationUndervalued

Sold Prices£120K - £390K
Sold Prices/m²£1.5K/m² - £2.9K/m²

 

 

Square Metres

96 m²
Price/m²£1.7K/m²

Value Estimate

£169,950
BMV3%

 

 

End Value (After Refurb)

£213,333

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£37,881

Bridging Loan Interest

£4,331

Total Cash In

£94,662

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£213,333

Mortgage (After Refinance)

£160,000

Mortgage LTV

75%

Cash Released

£36,250

Cash Left In

£58,412

Equity

£53,333

Rent Range

£410 - £1,050

Rent Estimate

£765

Running Costs/mo

£840

Cashflow/mo

£-75

Cashflow/yr

£-896

Gross Yield

6%

Local Sold Prices

50 sold prices from £120K to £390K, average is £171K. £1.5K/m² to £2.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£140K11/210.03 mi30, Malvern Drive, Middlesbrough TS5 8JB3
£238K03/210.03 mi6, Malvern Drive, Middlesbrough TS5 8JB3
£169.9K04/230.13 mi27, Mainsforth Drive, Middlesbrough TS5 8JZ3
£132.5K01/210.13 mi1, Wolsingham Drive, Middlesbrough TS5 8JU3
£150K11/210.17 mi27, Samaria Gardens, Middlesbrough TS5 8DF3
£212K11/230.18 mi606, Acklam Road, Middlesbrough TS5 8BJ3
£182.5K12/230.2 mi27, Earlsdon Avenue, Middlesbrough TS5 8JH3
£170K11/230.2 mi29, Earlsdon Avenue, Middlesbrough TS5 8JH3
£120K07/230.2 mi11, Greatham Close, Middlesbrough TS5 8JY3
£270K07/230.2 mi2, Urlay Grove, Middlesbrough TS5 8LB3
£195K11/200.22 mi4, Holbeck Avenue, Middlesbrough TS5 8DS3
£155K12/200.24 mi25, Cotherstone Drive, Middlesbrough TS5 8JJ3
£160K12/230.24 mi23, Birtley Avenue, Middlesbrough TS5 8LA3
£165K12/200.24 mi42, Birtley Avenue, Middlesbrough TS5 8LA3
£168K08/210.25 mi21, Gatenby Drive, Middlesbrough TS5 8JL3
£140K04/230.25 mi17, Gatenby Drive, Middlesbrough TS5 8JL3
£187.5K04/240.26 mi16, Ledbury Drive, Middlesbrough TS5 8ES3
£279.9K12/200.28 mi423, Acklam Road, Middlesbrough TS5 7HB3
£390K11/230.28 mi465, Acklam Road, Middlesbrough TS5 7HB3
£260K11/200.29 mi488, Acklam Road, Middlesbrough TS5 8BD3
£160K05/240.32 mi34, Sedgefield Road, Middlesbrough TS5 8JP3
£224.9K05/210.32 mi8, Sedgefield Road, Middlesbrough TS5 8JP3
£237K08/230.32 mi8, Sedgefield Road, Middlesbrough TS5 8JP3
£169K02/210.32 mi9, The Oval, Middlesbrough TS5 8EU3
£247.5K09/230.32 mi20, Low Lane, Middlesbrough TS5 8EA3
£240K08/230.33 mi5, Cherrywood Court, Middlesbrough TS5 7YU3
£290K07/210.33 mi4, Cherrywood Court, Middlesbrough TS5 7YU3
£210K08/210.33 mi1, Runswick Avenue, Middlesbrough TS5 8JS3
£152K08/230.33 mi3, Runswick Avenue, Middlesbrough TS5 8JS3
£180K11/210.34 mi38, The Oval, Middlesbrough TS5 8HR3
£210.3K01/240.34 mi101, The Oval, Middlesbrough TS5 8HR3
£218K01/230.34 mi85, The Oval, Middlesbrough TS5 8HR3
£143K09/230.35 mi5, Throckley Avenue, Middlesbrough TS5 8LG3
£167.5K09/230.35 mi24, Throckley Avenue, Middlesbrough TS5 8LG3
£162.5K07/210.35 mi49, Finchlay Court, Middlesbrough TS5 8EL3
£370K11/220.37 mi81, Low Lane, Middlesbrough TS5 8EG3
£166.5K01/210.39 mi75, The Oval, Middlesbrough TS5 8EZ3
£205K10/230.39 mi34, The Oval, Middlesbrough TS5 8EZ3
£174K01/240.39 mi30, The Oval, Middlesbrough TS5 8EZ3
£148K11/210.39 mi67, Carlbury Avenue, Middlesbrough TS5 8SY3
£175K08/210.39 mi110, Carlbury Avenue, Middlesbrough TS5 8SY3
£130K06/210.39 mi18, Brafferton Walk, Middlesbrough TS5 8SW3
£155K01/230.39 mi14, Brafferton Walk, Middlesbrough TS5 8SW3
£156K05/230.39 mi26, Brafferton Walk, Middlesbrough TS5 8SW3
£125K11/200.39 mi18, Brafferton Walk, Middlesbrough TS5 8SW3
£152.5K03/230.39 mi10, Brafferton Walk, Middlesbrough TS5 8SW3
£150K11/200.41 mi64, Runswick Avenue, Middlesbrough TS5 8HY3
£172K05/230.41 mi66, Runswick Avenue, Middlesbrough TS5 8HY3
£195.3K12/230.41 mi59, Staindrop Drive, Middlesbrough TS5 8NU3
£196K05/230.42 mi44, Staindrop Drive, Middlesbrough TS5 8NX3

Local Rents

38 rents from £410/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80002/240.32 mi-3
£75010/240.35 mi-3
£79507/230.36 mi-3
£85003/250.51 mi-3
£84010/240.59 mi-3
£85001/250.68 mi-3
£85010/240.68 miTrimdon Avenue, Middlesbrough3
£49902/240.8 mi-3
£49910/240.8 mi-3
£95003/250.81 mi-3
£90010/240.84 miConiston Grove, Middlesbrough3
£80010/240.94 mi-3
£62509/240.95 mi-3
£90010/240.96 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£41001/251.01 mi-3
£41002/251.01 mi-3
£41003/251.01 mi-3
£95005/241.01 mi-3
£67510/241.03 miBurghley Court, Hemlington, Middlesbrough, TS83
£67510/241.03 mi-3
£85003/251.03 mi-3
£85003/251.03 mi-3
£85001/251.04 mi-3
£79510/241.05 miDales Park Road, Hemlington3
£85010/241.05 mi-3
£89504/241.08 mi-3
£80004/251.08 mi-3
£95010/241.09 miStrait Lane, Stainton3
£85003/251.09 mi-3
£70010/241.1 miFaygate Court, Hemlington, Middlesbrough3
£65010/241.11 mi-3
£85002/251.13 mi-3
£79510/241.14 mi-3
£95003/251.14 mi-3
£75002/241.16 mi-3
£73510/241.2 mi-3
£67510/241.23 miCharnley Green, Middlesborough, TS43
£1,05003/251.24 mi-3

Links

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.46 miles away

Nearest school

0.50 miles away

Nearest train station

2.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £165,000

December 6, 2024

Listed for £169,950

October 2, 2024

Description

PUBLIC NOTICE

Smith and Friends are now in receipt of an offer for the sum of £156,000 for 15 Malvern Drive, Middlesbrough, TS5 8JA. Anyone wishing to place an offer on this property should contact Smith and Friends Estate Agents, 26 Stokesley Road, Middlesbrough, TS7 8DX before exchange of contracts.

SMITH & FRIENDS are delighted to offer for sale this three bedroom semi detached property situated in Acklam. The property is in need of full refurbishment and offered with NO CHAIN INVOLVED. The deceptively spacious living accommodation briefly comprises; entrance hallway, kitchen extended with ample space for appliances & breakfasting area, conservatory. To the first floor are three bedrooms and a bathroom suite. Externally to the rear garden is mainly laid to lawn with mature shrubs and trees and patio area.

PLEASE NOTE THE PROPERTY WILL BE SOLD AS SEEN.

Agent Details

Smith & Friends Estate Agents, Middlesbrough

01642 056930

Next Steps?

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

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