3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS3 9HJ, £65,000

Rainsford Crescent, Thorntree, TS3 9HJ - 6 months ago

Auction
Refurb/BRRR
ROI: 5%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£38K - £162.5K
Sold Prices/m²£688/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£65,650

 

 

End Value (After Refurb)

£107,810

Uplift in Value

+66%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Refurb Costs

£36,697

Bridging Loan Interest

£1,706

Total Cash In

£60,854

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£107,810

Mortgage (After Refinance)

£80,858

Mortgage LTV

75%

Cash Released

£32,108

Cash Left In

£28,746

Equity

£26,953

Rent Range

£600 - £1,050

Rent Estimate

£767

Running Costs/mo

£510

Cashflow/mo

£257

Cashflow/yr

£3,080

ROI

5%

Gross Yield

14%

Local Sold Prices

50 sold prices from £38K to £162.5K, average is £84K. £688/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£74K06/210.04 mi3, Repton Road, Middlesbrough TS3 9HH3
£80K08/210.06 mi20, Grantley Avenue, Middlesbrough TS3 9HN3
£77K03/210.12 mi69, Rainsford Crescent, Middlesbrough TS3 9HF3
£100K04/230.12 mi10, The Greenway, Middlesbrough TS3 9NA3
£78K03/230.2 mi57, Millbrook Avenue, Middlesbrough TS3 9DZ3
£108K02/230.23 mi84, College Road, Middlesbrough TS3 9EP3
£85K11/210.31 mi43, Birkhall Road, Thorntree, Middlesbrough TS3 9LG3
£70K06/210.32 mi112, Pallister Avenue, Middlesbrough TS3 9DN3
£64K01/210.36 mi14, College Road, Middlesbrough TS3 9EW3
£76K11/220.36 mi4, Cobblewood, Middlesbrough TS3 9RW3
£80K01/230.37 mi10, Matford Avenue, Middlesbrough TS3 9AZ3
£68K03/210.4 mi51, Marshall Avenue, Middlesbrough TS3 9AY3
£73K03/230.4 mi20, Berwick Hills Avenue, Middlesbrough TS3 9BX3
£52K10/200.41 mi9, Berwick Hills Avenue, Middlesbrough TS3 9BX3
£105K05/210.44 mi75, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£105K04/230.44 mi83, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£130K08/230.44 mi15, Westbourne Grove, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AE3
£52.5K10/200.45 mi14, Cherwell Terrace, Middlesbrough TS3 9DQ3
£140K01/230.46 mi24, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£70K01/210.46 mi42, Cinderwood, Middlesbrough TS3 9RH3
£140K03/240.46 mi24, Braemar Grove, Middlesbrough, Redcar And Cleveland TS6 0AN3
£117K03/230.47 mi21, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£77K11/200.48 mi46, Briggs Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 6XN3
£110K07/210.49 mi41, Kingsway Avenue, Middlesbrough, Redcar And Cleveland TS6 0AT3
£82.5K03/230.49 mi12, Burnholme Avenue, Middlesbrough TS3 9DA3
£58K05/210.49 mi5, Shrewsbury Road, Middlesbrough TS3 9LY3
£62.8K01/210.49 mi21, Shrewsbury Road, Middlesbrough TS3 9LY3
£107K02/230.51 mi1, Crinklewood, Middlesbrough TS3 9RF3
£83K06/210.51 mi98, Carisbrooke Avenue, Middlesbrough TS3 9LX3
£63.5K03/210.51 mi7, Eltisley Green, Middlesbrough TS3 8NB3
£55.3K12/200.53 mi14, Marshall Avenue, Middlesbrough TS3 9AU3
£119K11/200.54 mi8, Hamilton Grove, Middlesbrough, Redcar And Cleveland TS6 0AH3
£138K12/200.55 mi19, Caithness Road, Middlesbrough, Redcar And Cleveland TS6 0AJ3
£100K05/230.55 mi15, Cranford Avenue, Middlesbrough, Redcar And Cleveland TS6 0AU3
£64K06/210.55 mi14, Lowfield Avenue, Middlesbrough TS3 9BB3
£38K10/200.56 mi109, Carisbrooke Avenue, Middlesbrough TS3 9LP3
£87K12/210.56 mi20, Durnford Road, Middlesbrough TS3 9LU3
£90K03/210.57 mi22, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£110K11/230.57 mi24, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£120K04/210.57 mi17, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£82.5K02/210.57 mi20, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£130K11/220.57 mi3, Trunk Road, Middlesbrough, Redcar And Cleveland TS6 0AB3
£87.5K06/210.58 mi40, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AR3
£101K10/210.59 mi21, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0DL3
£74K10/200.59 mi15, Hoskins Way, Middlesbrough TS3 8NJ3
£130K07/210.6 mi7, Beech Grove, South Bank, Middlesbrough TS6 6ST3
£142K07/210.61 mi283, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0BA3
£85K12/220.62 mi50, Glentworth Avenue, Middlesbrough TS3 0QH3
£71K02/230.62 mi21, Glentworth Avenue, Middlesbrough TS3 0QH3
£162.5K01/240.63 mi305, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0AZ3

Local Rents

14 rents from £600/mo to £1.1K/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£74508/230.13 mi-3
£1,05008/240.2 mi-3
£75010/240.29 miMarshall Avenue, Thorntree3
£66509/230.31 mi-3
£66509/230.31 mi-3
£80003/250.41 mi-3
£85010/240.43 miAston Avenue, Middlesbrough3
£69509/240.52 mi-3
£99510/240.52 mi-3
£90003/250.52 mi-3
£65011/240.52 mi-3
£62510/240.58 miPremier Road, Middlesbrough, North Yorkshire, TS33
£60006/230.6 mi-3
£75007/240.61 mi-3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.11 miles away

Nearest school

0.10 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £65,000

October 17, 2024

Floor Plans

Description

  • A Lovingly Cared For & Really Solid Semi Detached House +
  • In Need of a General Course of Modernisation +
  • Sensibly Priced +
  • Chain Free Sale +
  • A Good First Time Starter Home +
  • UPVC Double Glazing & Central Heating +

* For Sale By Auction * TAKING BIDS NOW * Option 1 *

Needing a general course of modernisation, this lovingly cared for, and really solid semi-detached house is a chain free sale and priced to sell.

Comprising entrance hall, lounge, kitchen and dining room. The first floor has three bedrooms and bathroom.

Tenure - Freehold

Council Tax Band A

Agent Details

Michael Poole, Auction - Middlesbrough

01661 523731

Next Steps?

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