2 Bed Flat, Single Let, Middlesbrough, TS5 6SH, £45,000

11 The Crescent, Middlesbrough, North Yorkshire, TS5 6SH - 5 months ago

Leasehold

Auction

BTL

ROI: 23%

~70 m²

+8 photos

ValuationUndervalued

Sold Prices	£55K - £134K
Sold Prices/m²	£747/m² - £2K/m²

Square Metres	~70.30 m²
Price/m²	£640/m²
Value Estimate	£54,450£54,450
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£11,250£11,250
Stamp Duty & Legal Fees	£3,450£3,450
Total Cash In	£14,700£14,700

Cash Out
Rent Range	£500 - £895£500 - £895
Rent Estimate	£548
Running Costs/mo	£270£270
Cashflow/mo	£278£278
Cashflow/yr	£3,333£3,333
ROI	23%23%
Gross Yield	15%15%

Local Sold Prices

34 sold prices from £55K to £134K, average is £82K. £747/m² to £2K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	09/22	0.1 mi	65, Roman Road, Middlesbrough TS5 5PH	£747	87	2	Flat
£64.8K	10/22	0.15 mi	10, The Potteries, Middlesbrough TS5 6DQ	£830	78	2	Flat
£76K	06/21	0.19 mi	14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,310	58	2	Flat
£80K	07/23	0.19 mi	19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	-	-	2	Flat
£84K	01/23	0.19 mi	70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,556	54	2	Flat
£120K	03/23	0.2 mi	4, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£127.5K	08/22	0.21 mi	8, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,992	64	2	Flat
£134K	02/23	0.21 mi	11, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,648	81	2	Flat
£112K	04/23	0.21 mi	10, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£90K	08/23	0.31 mi	9, Oriel Close, Middlesbrough TS5 5NJ	-	-	2	Flat
£63K	04/23	0.4 mi	25, Camsell Court, Middlesbrough TS5 5BE	-	-	2	Flat
£70K	07/23	0.4 mi	15, Camsell Court, Middlesbrough TS5 5BE	£1,296	54	2	Flat
£82K	11/21	0.42 mi	18, Bayberry Mews, Middlesbrough TS5 7RG	£1,464	56	2	Flat
£82K	08/21	0.42 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,579	52	2	Flat
£85K	01/23	0.42 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,637	52	2	Flat
£85K	02/24	0.42 mi	12, Bayberry Mews, Middlesbrough TS5 7RG	£1,667	51	2	Flat
£67.5K	10/21	0.57 mi	6, Clough Close, Middlesbrough TS5 5DW	£1,071	63	2	Flat
£59K	10/20	0.57 mi	21, Clough Close, Middlesbrough TS5 5DW	£844	70	2	Flat
£60K	03/23	0.57 mi	33, Clough Close, Middlesbrough TS5 5DW	£1,091	55	2	Flat
£70K	11/23	0.57 mi	31, Clough Close, Middlesbrough TS5 5DW	£1,346	52	2	Flat
£95K	01/21	0.58 mi	49, Stanhope Grove, Middlesbrough TS5 7SF	£1,508	63	2	Flat
£95K	01/21	0.58 mi	47, Stanhope Grove, Middlesbrough TS5 7SF	£1,610	59	2	Flat
£71K	12/20	0.75 mi	31, Gresham Road, Middlesbrough TS1 4LU	£1,183	60	2	Flat
£75K	12/22	0.76 mi	Flat 6, Glen Court, Glendale Road, Middlesbrough TS5 7FL	-	-	2	Flat
£87K	09/22	0.78 mi	49, Rockingham Court, Acklam, Middlesbrough TS5 7BN	£1,611	54	2	Flat
£84K	09/23	0.78 mi	30, Rockingham Court, Acklam, Middlesbrough TS5 7BN	-	-	2	Flat
£77.5K	10/21	0.78 mi	30, Rockingham Court, Acklam, Middlesbrough TS5 7BN	-	-	2	Flat
£95K	11/22	0.78 mi	16, Rockingham Court, Acklam, Middlesbrough TS5 7BN	£1,792	53	2	Flat
£76.5K	02/21	0.78 mi	70, Rockingham Court, Acklam, Middlesbrough TS5 7BN	£1,220	63	2	Flat
£95K	03/23	0.78 mi	3, Rockingham Court, Acklam, Middlesbrough TS5 7BN	£1,839	52	2	Flat
£82K	07/22	0.78 mi	36, Rockingham Court, Acklam, Middlesbrough TS5 7BN	£1,608	51	2	Flat
£82.5K	02/21	0.78 mi	42, Rockingham Court, Acklam, Middlesbrough TS5 7BN	-	-	2	Flat
£90K	11/23	0.78 mi	43, Rockingham Court, Acklam, Middlesbrough TS5 7BN	£1,667	54	2	Flat
£55K	09/23	0.85 mi	20, St Francis Close, Middlesbrough TS5 4GY	£809	68	2	Flat

Local Rents

26 rents from £500/mo to £895/mo, average is £698/mo.

Rent	Date	Distance	Address	Beds	Type
£700	10/24	0.14 mi	-	2	Flat
£700	10/24	0.14 mi	The Avenue, Middlesbrough, TS5	2	Flat
£650	10/24	0.16 mi	Dorman Gardens, Middlesbrough, Cleveland, TS5	2	Flat
£725	02/25	0.19 mi	-	2	Flat
£695	10/24	0.23 mi	Cambridge Square, Middlesbrough, Cleveland, TS5	2	Flat
£625	02/25	0.32 mi	-	2	Flat
£675	03/25	0.34 mi	-	2	Flat
£700	11/24	0.36 mi	-	2	Terraced House
£650	02/24	0.38 mi	-	2	Terraced House
£600	11/24	0.39 mi	-	2	Terraced House
£650	12/24	0.41 mi	-	2	Flat
£650	04/25	0.41 mi	-	2	Flat
£895	10/24	0.43 mi	-	2	Terraced House
£750	10/24	0.46 mi	-	2	Terraced House
£500	10/24	0.46 mi	Brompton Street, Middlesbrough, North Yorkshire, TS5	2	Terraced House
£725	09/23	0.46 mi	-	2	Flat
£650	12/24	0.47 mi	-	2	Terraced House
£780	03/25	0.48 mi	-	2	Terraced House
£595	10/24	0.49 mi	Caxton Street, Middlesbrough	2	Terraced House
£625	10/24	0.55 mi	Clough Close, Middlesbrough, North Yorkshire, TS5 5DW	2	Flat
£800	03/25	0.55 mi	-	2	Flat
£750	01/25	0.56 mi	-	2	Flat
£800	01/25	0.58 mi	-	2	Terraced House
£650	03/25	0.6 mi	-	2	Terraced House
£750	02/24	0.6 mi	-	2	Semi-Detached House
£825	10/24	0.61 mi	-	2	Semi-Detached House

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.18 miles away2.18 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.55 miles away1.55 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £45,000

March 1, 2025

Listed for £55,000

October 28, 2024

Floor Plans

Description

Popular Linthorpe Location +
2 Bedroom 1st Floor Apartment +
Within Reach to Linthorpe Village and Albert Park. +
Allocated Parking +

To be sold via online auction fees apply

2 Bedroom First Floor Apartment

Welcome to Airedale House, an exceptional two-bedroom apartment situated in one of Middlesbrough’s most sought-after residential locations. This property is located on The Crescent within reach to Linthorpe Village, Albert Park and Middlesbrough town center which includes shops, restaurants, amenities, entertainment options and transport links making it ideal for commuters.

As you enter you will be greeted by, communal entrance, stairs to all floors, entrance hallway, lounge, kitchen, two bedrooms, and a family bathroom. The property also benefits from gas central heating, double glazing and allocated parking.

Situated in a vibrant community with strong local ties this property is the perfect choice for families or professionals looking for a comfortable and convenient home in a fantastic location. Don't miss out on the opportunity to make this home your own.

Please call the Stockton branch today for more information and to arrange an internal inspection.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 59

Agent Details

Pattinson Estate Agents, Stockton-On-Tees

01642 056281

Next Steps?

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

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