3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS8 9HT, £150,000

Alloway Grove, Hemlington, Middlesbrough, TS8 9HT - 6 months ago

Refurb/BRRR
~216 m²
+9 photos

ValuationUndervalued

Sold Prices£37K - £210K
Sold Prices/m²£500/m² - £2.5K/m²

 

 

Square Metres

~215.50 m²
Price/m²£696/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£321,249

Uplift in Value

+114%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£85,035

Bridging Loan Interest

£3,938

Total Cash In

£137,423

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£321,249

Agent Fees (1%)

£3,212

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£68,114

Local Sold Prices

50 sold prices from £37K to £210K, average is £130K. £500/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£136.5K12/200.04 mi59, Aviemore Road, Hemlington, Middlesbrough TS8 9HZ3
£140K10/210.06 mi26, Avalon Court, Hemlington, Middlesbrough TS8 9HU3
£146K10/230.07 mi8, Abberley Drive, Hemlington, Middlesbrough TS8 9HP3
£210K09/210.07 mi18, Aberfalls Road, Hemlington, Middlesbrough TS8 9HY3
£187.5K01/210.07 mi18, Aberfalls Road, Hemlington, Middlesbrough TS8 9HY3
£125K04/210.11 mi17, Amesbury Crescent, Hemlington, Middlesbrough TS8 9HR3
£140K12/220.14 mi55, Sunnyside, Coulby Newham, Middlesbrough TS8 0RB3
£129.9K10/200.16 mi24, Keilder Rise, Hemlington, Middlesbrough TS8 9HN3
£118K05/210.17 mi85, Sunnyside, Coulby Newham, Middlesbrough TS8 0RB3
£140K12/230.19 mi116, Sunnyside, Coulby Newham, Middlesbrough TS8 0RD3
£106K01/210.19 mi122, Sunnyside, Coulby Newham, Middlesbrough TS8 0RD3
£205K10/220.2 mi1, Grange Wood, Coulby Newham, Middlesbrough TS8 0RT3
£87K11/230.2 mi44, Brabourn Gardens, Hemlington, Middlesbrough TS8 9JS3
£75K03/210.2 mi78, Brabourn Gardens, Hemlington, Middlesbrough TS8 9JS3
£51K06/230.21 mi32, Bridport Grove, Hemlington, Middlesbrough TS8 9JX3
£163K02/230.24 mi5, Grange Wood, Coulby Newham, Middlesbrough TS8 0RT3
£70K09/230.24 mi41, Brabourn Gardens, Hemlington, Middlesbrough TS8 9JR3
£130K12/200.25 mi32, The Holt, Coulby Newham, Middlesbrough TS8 0SQ3
£125K04/210.25 mi5, The Holt, Coulby Newham, Middlesbrough TS8 0SQ3
£175K08/230.26 mi4, Southdean Drive, Hemlington, Middlesbrough TS8 9HH3
£150K11/230.26 mi12, Southdean Drive, Hemlington, Middlesbrough TS8 9HH3
£143K03/210.28 mi85, Southdean Drive, Hemlington, Middlesbrough TS8 9HJ3
£120K08/210.29 mi28, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RG3
£112K03/210.29 mi35, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RG3
£60K09/230.33 mi34, Darwen Court, Hemlington, Middlesbrough TS8 9JF3
£68K01/240.33 mi7, Darwen Court, Hemlington, Middlesbrough TS8 9JF3
£180K11/230.34 mi9, Brampton Close, Hemlington, Middlesbrough TS8 9HD3
£80K08/230.34 mi64, Eddison Way, Hemlington, Middlesbrough TS8 9ES3
£117.5K12/220.35 mi83, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS3
£137K03/240.35 mi95, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS3
£130K01/210.35 mi88, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS3
£108K10/220.35 mi101, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RQ3
£175K11/220.36 mi13, Whithorn Grove, Hemlington, Middlesbrough TS8 9HQ3
£153K12/200.36 mi9, Whithorn Grove, Hemlington, Middlesbrough TS8 9HQ3
£95K06/230.36 mi88, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RQ3
£70K04/230.38 mi70, Dalwood Court, Hemlington, Middlesbrough TS8 9JG3
£115K09/210.39 mi50, Manor Wood, Coulby Newham, Middlesbrough TS8 0RN3
£37K09/220.42 mi1, Eddison Way, Hemlington, Middlesbrough TS8 9ER3
£65K06/230.45 mi26, Fonteyn Court, Hemlington, Middlesbrough TS8 9EU3
£180K12/200.46 mi43, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RY3
£152.5K10/230.46 mi21, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RY3
£90K11/220.47 mi66, Fonteyn Court, Hemlington, Middlesbrough TS8 9EU3
£51K06/210.48 mi79, Dallas Court, Hemlington, Middlesbrough TS8 9JB3
£150K06/210.48 mi128, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RZ3
£100K06/210.48 mi38, Osbourne Close, Hemlington, Middlesbrough TS8 9QA3
£140K06/210.52 mi1, Harvington Chase, Coulby Newham, Middlesbrough TS8 0TR3
£150K02/240.52 mi13, Harvington Chase, Coulby Newham, Middlesbrough TS8 0TR3
£133.5K06/210.52 mi32, Harvington Chase, Coulby Newham, Middlesbrough TS8 0TR3
£139.5K04/210.52 mi52, Harvington Chase, Coulby Newham, Middlesbrough TS8 0TR3
£160K03/210.52 mi6, Harvington Chase, Coulby Newham, Middlesbrough TS8 0TR3

Local Rents

11 rents from £410/mo to £1.1K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£67510/240.14 miBurghley Court, Hemlington, Middlesbrough, TS83
£67510/240.14 mi-3
£49902/240.24 mi-3
£49910/240.24 mi-3
£41001/250.32 mi-3
£41002/250.32 mi-3
£41003/250.32 mi-3
£65010/240.38 mi-3
£85002/250.59 mi-3
£1,10002/240.59 mi-3
£70010/240.61 miFaygate Court, Hemlington, Middlesbrough3

Local Area Statistics

Population in TS8

21,266

Population in Middlesbrough

189,245

Town centre distance

2.43 miles away

Nearest school

0.10 miles away

Nearest train station

1.93 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Price changed to £150,000

December 4, 2024

Listed for £155,000

October 9, 2024

Floor Plans

Description

  • Offered for sale with no onward chain +
  • Extended and Larger than average semi detached home +
  • Perfect for the family market +
  • Lounge/Diner and additional reception area +
  • Extended kitchen with extensive units +
  • Double glazing and partial warm air ducted heating +
  • Established gardens to the front and rear +
  • Driveway and garage +
  • No onward chain and vacant possession +

Offering extended accommodation to the ground floor we ring to the market this larger than average three bedroom semi detached home located in the heart of Hemlington. Perfect accommodation to suit the needs of the growing family. The property is in need of some updating however this has been reflected in the asking price. Accommodation comprises entrance hall, lounge/Dining Room, Additional reception area overlooking the rear garden. Extended kitchen with an extensive range of base and wall mounted units. To the first floor are three bedrooms, two of which have fitted wardrobes. Bathroom. Double glazing together with a part ducted warm air heating system. Externally there are gardens to both the front and rear elevations. Driveway provides ample off street parking and gives access to garage. EPC RATING TBC. TENURE IS FREEHOLD. COUNCIL TAX BAND IS B.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MID240439/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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