3 Bed Terraced House, Single Let, Middlesbrough, TS5 4PL, £120,000

Maldon Road, MIDDLESBROUGH, Cleveland, TS5 4PL - 6 months ago

Sold STC
BTL
ROI: 4%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£40K - £179K
Sold Prices/m²£555/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£95,648

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£650 - £1,050

Rent Estimate

£663

Running Costs/mo

£528

Cashflow/mo

£135

Cashflow/yr

£1,625

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £40K to £179K, average is £89K. £555/m² to £1.8K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£86.5K07/230.01 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
£100K07/230.08 mi16, Northern Road, Middlesbrough TS5 4NU3
£64K04/230.08 mi8, Northern Road, Middlesbrough TS5 4PB3
£64K01/210.09 mi12, Beadon Grove, Middlesbrough TS5 4NT3
£104K06/230.12 mi24, Stratford Crescent, Middlesbrough TS5 4PQ3
£87K02/240.13 mi78, Northern Road, Middlesbrough TS5 4NS3
£76K03/240.13 mi122, West Lane, Middlesbrough TS5 4EJ3
£70K01/230.14 mi79, Maldon Road, Middlesbrough TS5 4PG3
£71.5K11/200.17 mi2, Lydbrook Road, Middlesbrough TS5 4NR3
£46K06/210.17 mi18, Lydbrook Road, Middlesbrough TS5 4NR3
£46K12/200.17 mi21, Lydbrook Road, Middlesbrough TS5 4NR3
£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
£82K11/200.28 mi39, Connaught Road, Middlesbrough TS5 4AP3
£82K02/240.28 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
£118K10/210.31 mi59, Studley Road, Middlesbrough TS5 5BP3
£93K06/230.33 mi35, West Lane, Middlesbrough TS5 4DH3
£179K05/210.34 mi18, Grosvenor Road, Middlesbrough TS5 5BU3
£88K04/210.35 mi53, Westbourne Road, Middlesbrough TS5 5BH3
£63K01/210.35 mi28, Bishop Street, Middlesbrough TS5 4AT3
£100K07/230.36 mi23, Studley Road, Middlesbrough TS5 5BW3
£130K08/230.37 mi82, Stockton Road, Middlesbrough TS5 4AQ3
£82K12/220.37 mi23, Ayresome Green Lane, Middlesbrough TS5 4DT3
£107.5K08/230.37 mi21, West Lane, Middlesbrough TS5 4DE3
£110K09/210.38 mi23, Burlam Road, Middlesbrough TS5 5AN3
£115K01/210.38 mi48, Westbourne Road, Middlesbrough TS5 5BJ3
£115K07/230.38 mi32, Westbourne Road, Middlesbrough TS5 5BJ3
£96K06/210.39 mi11, Dufton Road, Middlesbrough TS5 5AW3
£90K01/230.39 mi94, Ayresome Grange Road, Middlesbrough TS5 4DX3
£83K05/230.39 mi100, Meath Street, Middlesbrough TS1 4RY3
£117.5K03/230.4 mi106, Hambledon Road, Middlesbrough TS5 5EF3
£108K01/210.4 mi120, Hambledon Road, Middlesbrough TS5 5EF3
£85K12/200.41 mi41, Acklam Road, Middlesbrough TS5 5HD3
£111K01/230.41 mi29, Acklam Road, Middlesbrough TS5 5HD3
£40K04/210.41 mi104, Longford Street, Middlesbrough TS1 4RL3
£52K02/230.41 mi116, Longford Street, Middlesbrough TS1 4RL3
£77K01/210.41 mi9, Waterford Terrace, Middlesbrough TS1 4RX3
£117K11/230.41 mi93, Maddren Way, Middlesbrough TS5 5BD3
£97K03/210.42 mi83, Clough Close, Middlesbrough TS5 5ET3
£118K12/230.42 mi99, Clough Close, Middlesbrough TS5 5ET3
£95K02/230.42 mi30, Kings Road, Middlesbrough TS5 5AL3

Local Rents

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

RentDateDistanceAddressBeds 
£1,01510/240.13 miAcklam Gardens, Middlesbrough, TS53
£1,05010/240.18 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.18 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.29 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.29 miAcklam Gardens, Middlesbrough, TS53
£99510/240.31 miAcklam Gardens, Middlesbrough, TS53
£80004/250.36 mi-3
£75001/250.36 mi-3
£95003/250.39 mi-3
£82510/240.45 miClough Close, Middlesbrough3
£69502/250.46 mi-3
£72510/240.5 miLongford Street, Middlesbrough3
£95001/250.51 mi-3
£95004/250.55 mi-3
£65010/240.55 miHarford Street, Middlesbrough3
£74502/250.57 mi-3
£85004/250.58 mi-3
£67504/250.58 mi-3
£75004/250.59 mi-3
£75004/250.59 mi-3
£70010/240.6 miNesham Road, Middlesbrough, North Yorkshire, TS13

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.84 miles away

Nearest school

0.30 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £120,000

October 30, 2024

Description

A rare opportunity to purchase a spacious three bedroom home with a high end finish in West Lane. The property has been refurbished throughout by the current owners and is tastefully decorated with modern fixtures and fittings throughout.
The property comprises; entrance hall, living room, large dining room, modern galley style kitchen, three spacious bedrooms and a family bathroom.
The property boasts a large, landscaped rear garden with a mix of grass, and patio.

Entrance
Entrance hallway with access to the staircase and living room.

Living Room
(15'3" x 13'11") Bright and airy space to the front aspect. With feature bay window and wood burning stove.

Dining Room
(17'5" x 9'0") Spanning the width of the property with storage cupboard and french doors opening out in to the rear garden.

Kitchen
(9'11" x 6'1") Modern fitted galley style kitchen. With a selection of wall and base units and heat resistant work tops. High quality tiling, and access to the rear garden.

Upstairs
-

Bedroom One
(14'6" x 11'0") To the front aspect with feature bay window.

Bedroom Two
(10'2" x 9'8") To the rear aspect.

Bedroom Three
(6'10" x 6'5") To the front aspect.

Bathroom
Modern fitted suite including bath with shower over, wash hand basin , Wc and cladded walls.

Outside
With a large, landscaped rear garden with a mix of grass, patio and shrubs . To the front aspect there is a small front yard.

Agent Details

Bridgfords, Middlesbrough

01642 056953

Next Steps?

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