4 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS6 0HY, £389,950

Skippers Lane, Middlesbrough, TS6 0HY - 2 views - 6 months ago

Sold STC
Refurb/BRRR
~129 m²
+33 photos

ValuationOvervalued

Sold Prices£110K - £480K
Sold Prices/m²£948/m² - £2.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3K/m²

Value Estimate

£228,893

 

 

End Value (After Refurb)

£278,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£97,488

Stamp Duty & Legal Fees

£27,695

Refurb Costs

£51,004

Bridging Loan Interest

£10,236

Total Cash In

£188,173

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£278,125

Mortgage (After Refinance)

£208,594

Mortgage LTV

75%

Cash Left In

£188,173

Equity

£69,531

Rent Range

£575 - £995

Rent Estimate

£696

Running Costs/mo

£1,028

Cashflow/mo

£-332

Cashflow/yr

£-3,988

Gross Yield

2%

Local Sold Prices

38 sold prices from £110K to £480K, average is £196.5K. £948/m² to £2.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£175K01/210.06 mi15, Skippers Lane, Middlesbrough, Redcar And Cleveland TS6 0HY4
£275K06/210.13 mi1, Meadowcroft Road, Middlesbrough, Cleveland TS6 0JD4
£290K11/200.16 mi5, Oakfield Gardens, Ormesby, Middlesbrough TS7 9RH4
£220K02/230.17 mi1, Smiths Dock Park Road, Middlesbrough, Redcar And Cleveland TS6 0JN4
£201K02/230.17 mi5, Smiths Dock Park Road, Middlesbrough, Redcar And Cleveland TS6 0JN4
£163.5K05/240.2 mi1, Tristram Close, Middlesbrough, Redcar And Cleveland TS6 0JW4
£200K11/230.29 mi5, Normanby Road, Ormesby, Middlesbrough TS7 9NU4
£480K02/230.37 mi69, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HJ4
£170K05/230.39 mi60, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BT4
£180K03/210.43 mi494, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 9BZ4
£110K11/200.55 mi34, Garsbeck Way, Ormesby, Middlesbrough TS7 9QN4
£148K02/230.58 mi26, Caithness Road, Middlesbrough, Redcar And Cleveland TS6 0AW4
£277K08/210.59 mi5, East Farm Close, Middlesbrough, Redcar And Cleveland TS6 0NG4
£325K08/230.59 mi4, West Farm Close, Middlesbrough, Redcar And Cleveland TS6 0NE4
£150K12/200.59 mi11, Braemar Grove, Middlesbrough, Redcar And Cleveland TS6 0AN4
£245K09/210.6 mi25, Moor View, Normanby, Middlesbrough, Redcar And Cleveland TS6 0NF4
£170K09/210.6 mi27, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9DZ4
£150K11/210.61 mi26, Windsor Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RE4
£235K06/210.61 mi11, Bylands Road, Middlesbrough, Redcar And Cleveland TS6 9DR4
£255K07/210.66 mi4, Blacksmiths Close, Middlesbrough, Redcar And Cleveland TS6 9TH4
£145K11/230.74 mi27, Conifer Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PL4
£222K04/230.75 mi109, Guildford Road, Middlesbrough, Redcar And Cleveland TS6 0SW4
£174.3K12/220.76 mi13, Henry Taylor Court, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AB4
£185K12/200.77 mi43, Bexley Drive, Normanby, Middlesbrough, Redcar And Cleveland TS6 0ST4
£200K05/210.77 mi39, Bexley Drive, Normanby, Middlesbrough TS6 0ST4
£229K10/200.77 mi2, Wembley Way, Normanby, Middlesbrough, Redcar And Cleveland TS6 0SS4
£144K11/200.79 mi13, Henry Taylor Court, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AB4
£260K09/210.82 mi25, Endeavour Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NN4
£308K07/230.83 mi61, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9EH4
£167K05/210.83 mi69, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9EH4
£157K04/210.86 mi26, Pritchett Road, Middlesbrough TS3 0NG4
£193K06/230.88 mi107, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PL4
£272K10/200.92 mi134, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9EN4
£110K05/230.92 mi6, Creekwood, Middlesbrough TS3 9RL4
£156K08/230.94 mi255, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6TB4
£140K08/230.96 mi17, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PN4
£215K07/230.99 mi16, Meadowbank Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9EN4
£230K02/231 mi1, Northbank Crescent, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9EU4

Local Rents

20 rents from £575/mo to £995/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£64808/240.11 mi-3
£62510/240.38 miThe Jennings, Normanby, Middlesbrough, TS6 0LL3
£80004/250.38 mi-3
£99510/240.42 mi-3
£90003/250.42 mi-3
£66003/250.43 mi-3
£65012/240.46 mi-3
£65010/240.46 miGlentworth Avenue, Middlesbrough3
£85010/240.48 miCaithness Road, Teesville Middlesbrough TS6 0AJ4
£62510/240.48 mi-3
£65008/240.52 mi-3
£60010/230.53 mi-3
£62510/240.53 mi-3
£65010/240.54 miStapleford Road, Middlesbrough3
£70002/240.58 mi-3
£70011/240.58 mi-3
£57502/240.6 mi-3
£62512/240.6 mi-3
£69512/230.6 mi-3
£70010/240.61 miCrowland Avenue, Middlesbrough3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.11 miles away

Nearest school

0.30 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £389,950

October 11, 2024

Floor Plans

Description

  • Stunning Extended Four Double Bedroom Semi +
  • Three Reception Rooms, Ideal for a Family Wanting Space +
  • Howdens Kitchen Installed in 2023 with Fitted Appliances Including Five Ring Induction Hob, Double Ovens, Wine Fridge & Integrated Full Height Fridge & Freezer +
  • Utility Room with Integrated Appliances +
  • Office/Study +
  • 280ft Rear Garden with Sitting Areas & Summerhouse with a Bar +
  • Separate Bathroom & Shower Room +
  • Cast Iron Style Radiators +
  • Gas Central Heating with a Quality Baxi Combi Boiler +
  • Beautiful Fireplaces in Lounge & Two Bedrooms +

Ideal as a forever family home, this beautiful semi has four double bedrooms, three reception rooms and a stunning large kitchen/dining/living area.

The whole place has seen a complete overhaul in recent years with extensions, upgrading and modernisation.

You are not going to want to miss out on this amazing family home with all work undertaken by the current owners. The finished result is simply stunning

The property comprises entrance hall, two lounges, open plan kitchen/dining/living area, study, utility and ground floor WC. On the first floor there are four double bedrooms, a bathroom and separate shower room. Externally there is off street parking to the front for multiple cars on the driveway and to the rear there is a 280ft garden with several sitting areas, patio area with cover and a summerhouse with a bar!

Tenure - Freehold

Council Tax Band C

Agent Details

Michael Poole, Eston

01642 548152

Next Steps?

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