3 Bed Terraced House, Single Let, Middlesbrough, TS5 4NX, £105,000

Alton Road, West Lane, Middlesbrough, TS5 4NX - 11 views - 6 months ago

Sold STC
BTL
ROI: 8%
~93 m²

ValuationOvervalued

Sold Prices£46K - £179K
Sold Prices/m²£569/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£99,057

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,500

Total Cash In

£30,750

 

 

Cash Out

 

Rent Range

£650 - £1,050

Rent Estimate

£706

Running Costs/mo

£489

Cashflow/mo

£217

Cashflow/yr

£2,600

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £46K to £179K, average is £93K. £569/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£86.5K07/230.03 mi24, Maldon Road, Middlesbrough TS5 4PJ3
£73.5K12/220.04 mi6, Alton Road, Middlesbrough TS5 4NX3
£106K01/240.04 mi25, Alton Road, Middlesbrough TS5 4NX3
£64K01/210.06 mi12, Beadon Grove, Middlesbrough TS5 4NT3
£100K07/230.07 mi16, Northern Road, Middlesbrough TS5 4NU3
£64K04/230.09 mi8, Northern Road, Middlesbrough TS5 4PB3
£104K06/230.09 mi24, Stratford Crescent, Middlesbrough TS5 4PQ3
£87K02/240.11 mi78, Northern Road, Middlesbrough TS5 4NS3
£70K01/230.11 mi79, Maldon Road, Middlesbrough TS5 4PG3
£71.5K11/200.15 mi2, Lydbrook Road, Middlesbrough TS5 4NR3
£46K06/210.15 mi18, Lydbrook Road, Middlesbrough TS5 4NR3
£46K12/200.15 mi21, Lydbrook Road, Middlesbrough TS5 4NR3
£76K03/240.15 mi122, West Lane, Middlesbrough TS5 4EJ3
£93.8K10/210.22 mi66, Connaught Road, Middlesbrough TS5 4AN3
£73K10/200.22 mi46, Connaught Road, Middlesbrough TS5 4AN3
£68K11/200.22 mi52, Connaught Road, Middlesbrough TS5 4AN3
£85K03/230.22 mi46, Connaught Road, Middlesbrough TS5 4AN3
£82K11/200.29 mi39, Connaught Road, Middlesbrough TS5 4AP3
£82K02/240.29 mi6, Connaught Road, Middlesbrough TS5 4AP3
£85K12/200.3 mi26, Dunstable Road, Middlesbrough TS5 4AL3
£110K12/230.3 mi14, Dunstable Road, Middlesbrough TS5 4AL3
£79K10/230.31 mi20, Corder Road, Middlesbrough TS5 4AS3
£93K07/230.31 mi15, Corder Road, Middlesbrough TS5 4AS3
£90K04/230.31 mi19, Corder Road, Middlesbrough TS5 4AS3
£118K10/210.32 mi59, Studley Road, Middlesbrough TS5 5BP3
£93K06/230.34 mi35, West Lane, Middlesbrough TS5 4DH3
£88K04/210.35 mi53, Westbourne Road, Middlesbrough TS5 5BH3
£179K05/210.35 mi18, Grosvenor Road, Middlesbrough TS5 5BU3
£63K01/210.36 mi28, Bishop Street, Middlesbrough TS5 4AT3
£100K07/230.37 mi23, Studley Road, Middlesbrough TS5 5BW3
£130K08/230.37 mi82, Stockton Road, Middlesbrough TS5 4AQ3
£107.5K08/230.38 mi21, West Lane, Middlesbrough TS5 4DE3
£115K01/210.39 mi48, Westbourne Road, Middlesbrough TS5 5BJ3
£115K07/230.39 mi32, Westbourne Road, Middlesbrough TS5 5BJ3
£82K12/220.39 mi23, Ayresome Green Lane, Middlesbrough TS5 4DT3
£110K09/210.4 mi23, Burlam Road, Middlesbrough TS5 5AN3
£117.5K03/230.4 mi106, Hambledon Road, Middlesbrough TS5 5EF3
£108K01/210.4 mi120, Hambledon Road, Middlesbrough TS5 5EF3
£85K12/200.4 mi41, Acklam Road, Middlesbrough TS5 5HD3
£111K01/230.4 mi29, Acklam Road, Middlesbrough TS5 5HD3
£96K06/210.41 mi11, Dufton Road, Middlesbrough TS5 5AW3
£90K01/230.41 mi94, Ayresome Grange Road, Middlesbrough TS5 4DX3
£83K05/230.42 mi100, Meath Street, Middlesbrough TS1 4RY3
£110.1K06/210.43 mi207, Oxford Road, Middlesbrough TS5 5EG3
£126.3K11/210.43 mi191, Oxford Road, Middlesbrough TS5 5EG3
£110K11/200.43 mi203, Oxford Road, Middlesbrough TS5 5EG3
£140K04/240.43 mi177, Oxford Road, Middlesbrough TS5 5EG3
£130K10/210.43 mi11, Aidan Court, Middlesbrough TS5 4BS3
£105.5K09/210.43 mi42, Hambledon Road, Middlesbrough TS5 5ED3
£112K05/230.43 mi32, Hambledon Road, Middlesbrough TS5 5ED3

Local Rents

21 rents from £650/mo to £1.1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£1,01510/240.12 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.17 miAcklam Gardens, Middlesbrough, TS53
£1,05010/240.17 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.27 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.27 miAcklam Gardens, Middlesbrough, TS53
£99510/240.29 miAcklam Gardens, Middlesbrough, TS53
£80004/250.36 mi-3
£75001/250.38 mi-3
£95003/250.38 mi-3
£82510/240.47 miClough Close, Middlesbrough3
£69502/250.49 mi-3
£72510/240.52 miLongford Street, Middlesbrough3
£95001/250.53 mi-3
£85003/250.57 mi-3
£1,00003/250.57 mi-3
£65010/240.57 miHarford Street, Middlesbrough3
£74502/250.59 mi-3
£67504/250.61 mi-3
£75003/250.62 mi-3
£75003/250.62 mi-3
£70010/240.62 miNesham Road, Middlesbrough, North Yorkshire, TS13

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.87 miles away

Nearest school

0.30 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £105,000

December 10, 2024

Listed for £110,000

October 23, 2024

Floor Plans

Description

  • Offered for sale with no onward chain +
  • Vacant possession upon completion +
  • Three bedroom end of terraced house +
  • Lounge and dining room +
  • Double glazing +
  • Gas central heating system +
  • Rear garden +
  • Viewing recommended +

Offered for sale with no onward chain we are delighted to bring to the market this well presented three bedroom end of terraced home which would suit a variety of buyers including both first time buyers and Investors. Accommodation comprises entrance hall, spacious lounge with bow window, dining room and kitchen. First floor landing, three bedrooms and a bathroom. In addition there is double glazing together with a gas central heating system. Gardens to both the front and rear elevations. No onward chain and vacant possession upon completion. EPC RATING TBC. TENURE IS FREEHOLD. COUNCIL TAX BAND IS A.

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.

MID240437/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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