Potential 4-Bed HMO, Middlesbrough, TS6 0AD, £130,000

28 Brunswick Avenue, Middlesbrough, Redcar And Cleveland, TS6 0AD - 76 views - 6 months ago

Sold STC
HMO
Refurb/BRRR
Negative Equity
ROI: 10%
~95 m²
+8 photos

ValuationOvervalued

Sold Prices£39K - £185K
Sold Prices/m²£771/m² - £1.9K/m²

 

 

Square Metres

~95.13 m²
Price/m²£1.4K/m²

Value Estimate

£109,964

 

 

End Value (After Refurb)

£116,270

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£37,538

Bridging Loan Interest

£3,413

Total Cash In

£80,300

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£116,270

Mortgage (After Refinance)

£87,203

Mortgage LTV

75%

Cash Left In

£80,300

Equity

£29,068

Room Rate

£459

Gross Rent

£1,836

Running Costs/mo

£1,164

Cashflow/mo

£672

Cashflow/yr

£8,069

ROI

10%

Gross Yield

17%

Local Sold Prices

50 sold prices from £39K to £185K, average is £100K. £771/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£140K01/230.01 mi24, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£117K03/230.03 mi21, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£130K08/230.07 mi15, Westbourne Grove, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AE3
£110K07/210.07 mi41, Kingsway Avenue, Middlesbrough, Redcar And Cleveland TS6 0AT3
£100K05/230.11 mi15, Cranford Avenue, Middlesbrough, Redcar And Cleveland TS6 0AU3
£105K05/210.12 mi75, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£105K04/230.12 mi83, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£130K11/220.13 mi3, Trunk Road, Middlesbrough, Redcar And Cleveland TS6 0AB3
£90K03/210.14 mi22, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£110K11/230.14 mi24, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£142K07/210.16 mi283, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0BA3
£87.5K06/210.18 mi40, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AR3
£162.5K01/240.21 mi305, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0AZ3
£140K03/240.21 mi24, Braemar Grove, Middlesbrough, Redcar And Cleveland TS6 0AN3
£120K04/210.22 mi17, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£82.5K02/210.22 mi20, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£77K11/200.23 mi46, Briggs Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 6XN3
£130K07/210.26 mi7, Beech Grove, South Bank, Middlesbrough TS6 6ST3
£119K11/200.27 mi8, Hamilton Grove, Middlesbrough, Redcar And Cleveland TS6 0AH3
£101K10/210.3 mi21, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0DL3
£138K12/200.33 mi19, Caithness Road, Middlesbrough, Redcar And Cleveland TS6 0AJ3
£77K03/210.37 mi69, Rainsford Crescent, Middlesbrough TS3 9HF3
£85K02/240.39 mi34, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0DA3
£90K05/230.42 mi3, Lilac Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BS3
£74K06/210.43 mi3, Repton Road, Middlesbrough TS3 9HH3
£98.5K04/210.44 mi26, Sycamore Crescent, Middlesbrough, Redcar And Cleveland TS6 0BW3
£80K08/210.45 mi20, Grantley Avenue, Middlesbrough TS3 9HN3
£146K06/230.47 mi69, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BT3
£137K12/230.47 mi58, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BT3
£95K01/240.48 mi42, Bevanlee Road, Middlesbrough, Redcar And Cleveland TS6 6QS3
£50K04/210.48 mi50, Bevanlee Road, Middlesbrough, Redcar And Cleveland TS6 6QS3
£96K09/230.49 mi14, Burns Road, Middlesbrough, Redcar And Cleveland TS6 9AH3
£65K11/200.49 mi4, Burns Road, Middlesbrough, Redcar And Cleveland TS6 9AH3
£175K10/230.5 mi48, Lime Crescent, Middlesbrough, Redcar And Cleveland TS6 0BU3
£130K03/210.5 mi42, Lime Crescent, Middlesbrough, Redcar And Cleveland TS6 0BU3
£78K03/230.53 mi57, Millbrook Avenue, Middlesbrough TS3 9DZ3
£120K11/210.53 mi6, Shelley Crescent, Middlesbrough, Redcar And Cleveland TS6 9AL3
£90K11/210.53 mi40, Shelley Crescent, Middlesbrough, Redcar And Cleveland TS6 9AL3
£155K05/230.54 mi68, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BX3
£100K04/230.55 mi10, The Greenway, Middlesbrough TS3 9NA3
£175K08/230.56 mi34, Keswick Road, Middlesbrough, Redcar And Cleveland TS6 0BN3
£75K02/240.57 mi41, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL3
£75K08/230.57 mi23, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL3
£100K04/230.57 mi31, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL3
£73.9K12/220.58 mi156, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6SQ3
£59K10/230.58 mi154, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6SQ3
£65K02/230.58 mi166, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6SQ3
£91K01/210.58 mi387, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0BL3
£185K02/230.59 mi135, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BZ3
£39K12/230.6 mi31, Cromwell Road, South Bank, Middlesbrough, Redcar And Cleveland TS6 6JH3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.47 miles away

Nearest school

0.10 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £130,000

-7%

October 2, 2024

Sold for £138,500

2009

Sold for £69,950

2003

Floor Plans

Description

  • Spacious 3-Bedroom Property with large front, side, and rear gardens, providing ample outdoor space for relaxation or development and offering excellent privacy. +
  • Prime Corner Plot in a convenient and sought-after Teesville location, making it an attractive option for both families and investors looking for long-term value. +
  • Ideal Investment Opportunity for HMO Conversion, featuring fire doors fitted throughout, individually lockable bedrooms, and already compliant with essential safety standards. +
  • Comprehensive Fire Safety Measures in place, including fire extinguishers, emergency lighting, and clear safety signage for added peace of mind. +
  • Gated Off-Street Parking in the expansive rear garden, offering secure and private access, ideal for multiple vehicles or guests. +
  • Potential for Modernisation, allowing buyers or investors the opportunity to add significant value and create a property tailored to their vision or investment strategy. +

Located On A Desirable Corner Plot, This 3-Bedroom Home Offers Fantastic Potential For Those Looking To Add Their Personal Touch. With Gardens To The Front, Side, And An Impressive-Sized Rear Garden Featuring Gated Off-Street Parking, This Property Stands Out For Its Outdoor Space. Some Modernising May Be Required, But With Its Prime End Position And Large Plot, It’s The Perfect Opportunity To Create Your Dream Home In A Convenient Teesville Location. Don’t Miss This Chance!

EPC Rating: C

Agent Details

G.R. Estates, Stockton-on-Tees

01642 378022

Next Steps?

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