3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS3 7HX, £69,000

1 Chadwell Avenue, Middlesbrough, TS3 7HX - 9 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 6%
84 m²
+3 photos

ValuationUndervalued

Sold Prices£48.5K - £120K
Sold Prices/m²£675/m² - £2.1K/m²

 

 

Square Metres

84 m²
Price/m²£821/m²

Value Estimate

£82,000

 

 

End Value (After Refurb)

£88,148

Uplift in Value

+-7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,250

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£33,146

Bridging Loan Interest

£1,811

Total Cash In

£58,007

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£88,148

Mortgage (After Refinance)

£66,111

Mortgage LTV

75%

Cash Released

£14,361

Cash Left In

£43,646

Equity

£22,037

Rent Range

£600 - £1,100

Rent Estimate

£762

Running Costs/mo

£448

Cashflow/mo

£314

Cashflow/yr

£3,770

ROI

6%

Gross Yield

13%

Local Sold Prices

50 sold prices from £48.5K to £120K, average is £85K. £675/m² to £2.1K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£80K01/210.02 mi6, Chadwell Avenue, Middlesbrough TS3 7HX3
£71K05/230.02 mi18, Chadwell Avenue, Middlesbrough TS3 7HX3
£82K07/230.02 mi1, Chadwell Avenue, Middlesbrough TS3 7HX3
£66.5K12/220.05 mi5, Cornforth Avenue, Middlesbrough TS3 7HE3
£76.8K05/210.09 mi17, Amersham Road, Middlesbrough TS3 7HD3
£65K04/210.13 mi6, Ipswich Avenue, Middlesbrough TS3 7HN3
£78.5K01/210.14 mi10, Ludford Avenue, Middlesbrough TS3 7RY3
£88K01/230.14 mi3, Ludford Avenue, Middlesbrough TS3 7RY3
£91K05/210.15 mi18, Kelvin Grove, Middlesbrough TS3 7RU3
£82.5K10/200.16 mi19, Chantry Close, Middlesbrough TS3 7LZ3
£97K02/210.19 mi199, Overdale Road, Middlesbrough TS3 7DZ3
£83.5K04/210.2 mi16, Downham Avenue, Middlesbrough TS3 7EY3
£80K03/210.21 mi9, Elgin Avenue, Middlesbrough TS3 7ET3
£67.5K12/200.23 mi14, Kildwick Grove, Middlesbrough TS3 7SD3
£78K12/200.24 mi4, Epping Avenue, Middlesbrough TS3 7EP3
£88K10/200.25 mi25, Coledale Road, Middlesbrough TS3 7NS3
£85K05/210.25 mi34, Evesham Road, Middlesbrough TS3 7EW3
£85K01/230.26 mi21, Rothbury Road, Middlesbrough TS3 7NP3
£97.5K04/230.26 mi96, Langridge Crescent, Middlesbrough TS3 7LJ3
£70K02/210.28 mi54, Darenth Crescent, Middlesbrough TS3 7JY3
£106K01/230.28 mi8, Kirkstone Road, Middlesbrough TS3 7NN3
£77K02/210.29 mi95, Evesham Road, Middlesbrough TS3 7EN3
£105K11/210.3 mi15, Netherby Green, Middlesbrough TS3 0DN3
£84.5K10/210.31 mi16, Frampton Green, Middlesbrough TS3 7EQ3
£72K10/200.36 mi4, Felby Avenue, Middlesbrough TS3 7EL3
£84K06/210.36 mi9, Anglesey Avenue, Middlesbrough TS3 0HA3
£93K01/210.36 mi3, Anglesey Avenue, Middlesbrough TS3 0HA3
£120K11/220.37 mi30, Kentmere Road, Middlesbrough TS3 7DJ3
£120K12/220.38 mi47, Overdale Road, Middlesbrough TS3 7DP3
£98K08/210.4 mi17, Kentmere Road, Middlesbrough TS3 7DH3
£95K09/210.41 mi69, Crossfell Road, Middlesbrough TS3 7PQ3
£48.5K10/210.41 mi16, Ampleforth Road, Middlesbrough TS3 7PU3
£68K02/210.42 mi4, Malling Walk, Middlesbrough TS3 8QH3
£66.5K03/230.43 mi19, Malling Walk, Middlesbrough TS3 8QH3
£90K06/210.44 mi25, Crossfell Road, Middlesbrough TS3 7PE3
£87.5K06/210.44 mi19, Newlyn Green, Middlesbrough TS3 0DX3
£120K11/210.45 mi12, Radnor Green, Middlesbrough TS3 0EA3
£70K07/230.45 mi8, Holdenby Drive, Middlesbrough TS3 0BA3
£90K01/230.46 mi16, Endeston Road, Middlesbrough TS3 0HG3
£92.5K02/210.48 mi18, Graygarth Road, Middlesbrough TS3 7QW3
£95K10/210.49 mi98, Evesham Road, Middlesbrough TS3 0BD3
£95K08/210.5 mi10, Kirkstall Avenue, Middlesbrough TS3 0JB3
£85K12/220.53 mi164, Ingram Road, Middlesbrough TS3 7BU3
£80K04/210.54 mi9, Bransdale Road, Middlesbrough TS3 7QG3
£102K12/210.54 mi20, Hexham Green, Middlesbrough TS3 0HN3
£75K04/210.54 mi6, Westerdale Road, Middlesbrough TS3 7RF3
£95K03/230.54 mi128, Penistone Road, Middlesbrough TS3 0EG3
£118K01/230.55 mi6, Selset Avenue, Middlesbrough TS3 0EN3
£103K04/210.56 mi40, Thetford Avenue, Middlesbrough TS3 0JR3
£80K04/210.56 mi14, Windleston Drive, Middlesbrough TS3 0BQ3

Local Rents

29 rents from £600/mo to £1.1K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£77501/250.1 mi-3
£60002/240.25 mi-3
£79503/250.26 mi-3
£99512/240.28 mi-3
£65010/240.3 miRounton Green, Middlesbrough, North Yorkshire, TS33
£65009/230.32 mi-3
£69510/240.36 miFelby Avenue, MIDDLESBROUGH3
£70010/240.36 miGilmonby Road, Middlesbrough, TS33
£69509/240.37 mi-3
£62502/240.39 mi-3
£85001/250.42 mi-3
£85001/250.42 mi-3
£70003/250.45 mi-3
£85011/240.45 mi-3
£85001/250.45 mi-3
£85011/240.45 mi-3
£67511/240.47 mi-3
£1,00004/250.51 mi-3
£99510/240.52 miBracken Grange, Middlesbrough, TS43
£85003/250.52 mi-3
£99510/240.53 miBracken Grange, Middlesbrough, TS43
£62510/240.55 miMarham Close, Middlesbrough, TS33
£99510/240.56 miBracken Grange, Middlesbrough, TS43
£99510/240.56 miBracken Grange, Middlesbrough, TS43
£75010/240.56 miWindleston Drive, Middlesbrough 3
£62512/240.57 mi-3
£62510/240.6 miPremier Road, Middlesbrough, North Yorkshire, TS33
£75007/240.6 mi-3
£1,10010/240.61 mi-3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £69,000

February 24, 2025

Price changed to £90,000

December 4, 2024

Listed for £95,000

October 15, 2024

Sold for £82,000

2023

Sold for £67,000

2015

Floor Plans

Description

SMITH & FRIENDS are delighted to offer for sale this deceptively spacious three bedroom end of terrace house which has the benefit of NO CHAIN INVOLVED and in need of FULL RENOVATION. The property would appeal to a variety of buyers including first time buyers, investors or home movers.
The living accommodation briefly comprises; entrance hall with stairs to the first floor, good size lounge with doors the rear garden, fitted kitchen, three first floor bedrooms a bathroom suite. The attic can be accessed from bedroom two which is floored and has lighting. Externally to the front of the property the home is positioned on a large corner plot with off street parking which can be accessed by wrought iron gates. To the rear of the property is an enclosed garden with lawn and a decked area.

Agent Details

Smith & Friends Estate Agents, Middlesbrough

01642 056930

Next Steps?

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