3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 7LT, £155,000

Levisham Close, Tollesby, Middlesbrough, TS5 7LT - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+3 photos

ValuationFair Value

Sold Prices£52K - £275K
Sold Prices/m²£559/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£157,993

 

 

End Value (After Refurb)

£160,668

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£36,697

Bridging Loan Interest

£4,069

Total Cash In

£87,116

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,668

Mortgage (After Refinance)

£120,501

Mortgage LTV

75%

Cash Released

£4,251

Cash Left In

£82,865

Equity

£40,167

Rent Range

£575 - £1,100

Rent Estimate

£857

Running Costs/mo

£693

Cashflow/mo

£164

Cashflow/yr

£1,962

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £52K to £275K, average is £166.5K. £559/m² to £2.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£137.5K03/210.04 mi17, Fountains Drive, Middlesbrough TS5 7LW3
£275K12/200.09 mi25, North Wood, Middlesbrough TS5 7LL3
£140K10/210.11 mi9, Parkfield Avenue, Middlesbrough TS5 7LE3
£167.5K03/210.15 mi33, Lunedale Avenue, Middlesbrough TS5 7LA3
£145K01/210.17 mi51, Tollesby Road, Middlesbrough TS5 7PT3
£170K07/230.18 mi21, Kirkdale Way, Middlesbrough TS5 7JS3
£122K04/210.19 mi43, Glenfield Drive, Middlesbrough TS5 7PU3
£180K11/210.2 mi31, Highbury Avenue, Middlesbrough TS5 7PP3
£106.3K08/230.21 mi105, Glendale Road, Middlesbrough TS5 7NH3
£152K11/200.21 mi10, Glaisdale Avenue, Middlesbrough TS5 7PG3
£150K07/210.21 mi2, Highbury Avenue, Middlesbrough TS5 7PW3
£130K11/230.21 mi8, Glenfield Drive, Middlesbrough TS5 7PX3
£166K05/210.22 mi12, Muston Close, Middlesbrough TS5 7JR3
£149K12/200.25 mi2, Cranswick Drive, Middlesbrough TS5 7JL3
£200K05/230.26 mi19, Benton Road, Middlesbrough TS5 7PQ3
£171K02/230.28 mi12, Kepwick Close, Middlesbrough TS5 7JN3
£237K12/230.28 mi4, Briardene Avenue, Middlesbrough TS5 7PB3
£167K07/230.28 mi56, Glendale Road, Middlesbrough TS5 7PY3
£179K05/230.28 mi58, Glendale Road, Middlesbrough TS5 7PY3
£160K07/230.34 mi9, Embleton Avenue, Middlesbrough TS5 7EA3
£210K12/230.34 mi28, Embleton Avenue, Middlesbrough TS5 7EA3
£125K01/210.35 mi109, Coniston Grove, Middlesbrough TS5 7DF3
£154K03/210.35 mi49, Glendale Road, Middlesbrough TS5 7QE3
£160K08/210.35 mi33, Glendale Road, Middlesbrough TS5 7QE3
£168K08/210.36 mi118, Coniston Grove, Middlesbrough TS5 7DG3
£134K08/210.36 mi120, Coniston Grove, Middlesbrough TS5 7DG3
£52K03/240.37 mi34, Ambleside Grove, Middlesbrough TS5 7DQ3
£190K07/230.37 mi4, The Prospect, Middlesbrough TS5 7QZ3
£174K06/210.38 mi29, Stanhope Grove, Middlesbrough TS5 7SF3
£205K05/210.38 mi8, Cleveland Avenue, Middlesbrough TS5 7RR3
£170K09/230.39 mi1, Greenwood Avenue, Middlesbrough TS5 7RW3
£230K02/240.39 mi11, Kingston Avenue, Middlesbrough TS5 7RS3
£217K09/230.39 mi16, Kingston Avenue, Middlesbrough TS5 7RS3
£135K03/210.39 mi4, Cleveland Avenue, Middlesbrough TS5 7RR3
£152K03/240.39 mi32, Glendale Road, Middlesbrough TS5 7QB3
£136K10/230.39 mi18, Glendale Road, Middlesbrough TS5 7QB3
£165K09/230.39 mi50, Glendale Road, Middlesbrough TS5 7QB3
£170K11/210.41 mi92, Ullswater Avenue, Middlesbrough TS5 7DL3
£143.3K06/230.41 mi3, Briarvale Avenue, Middlesbrough TS5 7RP3
£240K06/230.41 mi8, Florida Gardens, Middlesbrough TS5 7SQ3
£97K02/230.42 mi21, Beverley Road, Middlesbrough TS4 3LE3
£86.5K12/200.43 mi68, Arlington Road, Middlesbrough TS5 7RE3
£250K05/230.44 mi6, Emerson Avenue, Middlesbrough TS5 7QT3
£167K01/210.44 mi21, Fane Grove, Middlesbrough TS5 7EE3
£227.5K11/200.44 mi37, Adcott Road, Middlesbrough TS5 7ER3
£228K02/240.44 mi40, Adcott Road, Acklam, Middlesbrough TS5 7ES3
£167.5K03/240.46 mi29, Church Lane, Middlesbrough TS5 7EF3
£137.5K12/200.46 mi54, Coniston Grove, Middlesbrough TS5 7DD3
£92K03/210.47 mi48, Holmwood Avenue, Middlesbrough TS4 3LF3
£200K04/230.47 mi31, Emerson Avenue, Middlesbrough TS5 7QW3

Local Rents

50 rents from £575/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80010/240.19 mi-3
£85003/250.35 mi-3
£80004/250.39 mi-3
£90010/240.49 miConiston Grove, Middlesbrough3
£1,05003/250.51 mi-3
£95003/250.52 mi-3
£90010/240.53 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£85001/250.68 mi-3
£75010/240.68 mi-3
£85010/240.7 miTrimdon Avenue, Middlesbrough3
£75010/240.71 miMuirfield Way, Middlesbrough3
£76509/240.72 mi-3
£90003/250.79 mi-3
£85011/240.8 mi-3
£85012/240.8 mi-3
£89504/240.81 mi-3
£95005/240.83 mi-3
£74502/250.86 mi-3
£67510/240.88 miCharnley Green, Middlesborough, TS43
£80002/240.88 mi-3
£85010/240.88 mi-3
£85010/240.88 miMiddlesbrough, Middlesbrough, TS53
£57502/240.89 mi-3
£85003/250.91 mi-3
£88010/240.91 mi-3
£85010/240.92 mi-3
£74503/250.94 mi-3
£95003/250.95 mi-3
£85011/240.96 mi-3
£99509/240.98 mi-3
£75003/250.99 mi-3
£75003/250.99 mi-3
£95003/251.01 mi-3
£75002/241.01 mi-3
£85003/251.02 mi-3
£84010/241.06 mi-3
£85008/241.06 mi-3
£85009/241.06 mi-3
£85003/251.06 mi-3
£80002/241.06 mi-3
£67510/241.07 miBollington Road, Middlesbrough3
£89510/241.07 miMarton Road, Middlesbrough,TS43
£79507/231.09 mi-3
£85010/241.13 mi-3
£69502/251.14 mi-3
£1,01510/241.14 miAcklam Gardens, Middlesbrough, TS53
£1,01510/241.14 miAcklam Gardens, Middlesbrough, TS53
£85003/251.15 mi-3
£1,05010/241.18 miAcklam Gardens, Middlesbrough, TS53
£1,10005/241.18 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.08 miles away

Nearest school

0.20 miles away

Nearest train station

1.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £155,000

October 10, 2024

Floor Plans

Description

  • Offered for sale with no onward chain +
  • Three Bedroom semi detached house +
  • Lounge and Dining Room +
  • In need of some updating +
  • Double glazing +
  • Gas central heating system +
  • Gardens +
  • Drive and garage +
  • No onward chain +

Offered for sale with no onward chain we are delighted to offer for sale this three bedroom semi detached home. The property is in need of some updating however this has been reflected in the sensible asking price. Accommodation comprises entrance porch, hallway, lounge with sliding doors to the dining area. Kitchen. First floor landing gives access to three bedrooms. Wet Room and Separate wc. In addition there is double glazing together with a gas central heating system. Gardens to the front and rear. Driveway and garage. No onward chain, EPC RATING TBC. TENURE IS FREEHOLD. COUNCIL TAX BAND IS C.

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 every case.

MID240394/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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