3 Bed Semi-Detached House, Refurb/BRRR, Stockton-on-Tees, TS17 8JL, £115,000

Malcolm Grove, Thornaby, Stockton-On-Tees, TS17 8JL - 1 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£67K - £247.9K
Sold Prices/m²£798/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£120,190
BMV1%

 

 

End Value (After Refurb)

£140,505

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,770

Refurb Costs

£36,849

Bridging Loan Interest

£3,019

Total Cash In

£75,138

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,505

Mortgage (After Refinance)

£105,378

Mortgage LTV

75%

Cash Released

£19,128

Cash Left In

£56,009

Equity

£35,126

Rent Range

£625 - £900

Rent Estimate

£762

Running Costs/mo

£611

Cashflow/mo

£151

Cashflow/yr

£1,806

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £67K to £247.9K, average is £125K. £798/m² to £2.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£138K04/210.03 mi190, Thorntree Road, Thornaby, Stockton-on-tees TS17 8HL3
£115K10/230.07 mi99, Clarendon Road, Thornaby, Stockton-on-tees TS17 8JN3
£135K03/240.08 mi26, Clarendon Road, Thornaby, Stockton-on-tees TS17 8JJ3
£140K05/210.1 mi198, Thorntree Road, Thornaby, Stockton-on-tees TS17 8JP3
£125K07/230.11 mi83, Thorntree Road, Thornaby, Stockton-on-tees TS17 8LY3
£75K04/210.11 mi13, Maple Avenue, Thornaby, Stockton-on-tees TS17 8NG3
£123K11/200.11 mi15, Swale Avenue, Thornaby, Stockton-on-tees TS17 8HR3
£138K03/230.12 mi19, Thames Avenue, Thornaby, Stockton-on-tees TS17 8HP3
£90K03/230.13 mi3, Raisdale Close, Thornaby, Stockton-on-tees TS17 9BY3
£94K04/210.13 mi5, Trent Avenue, Thornaby, Stockton-on-tees TS17 8HS3
£97K05/210.14 mi128, Thorntree Road, Thornaby, Stockton-on-tees TS17 8LX3
£102K06/210.16 mi20, Tweed Avenue, Thornaby, Stockton-on-tees TS17 8HU3
£106.5K09/230.18 mi5, Lingdale Road, Thornaby, Stockton-on-tees TS17 9DA3
£70K02/240.18 mi36, Briar Road, Thornaby, Stockton-on-tees TS17 8NN3
£94.5K11/200.2 mi24, Humber Road, Thornaby, Stockton-on-tees TS17 8JB3
£122K03/230.2 mi43, Millbank Lane, Thornaby, Stockton-on-tees TS17 8JT3
£110K06/230.2 mi67, Millbank Lane, Thornaby, Stockton-on-tees TS17 8JT3
£147.5K10/210.2 mi13, Clarendon Road, Thornaby, Stockton-on-tees TS17 8JQ3
£120K03/230.21 mi4, Clarendon Road, Thornaby, Stockton-on-tees TS17 8JQ3
£125K01/230.23 mi10, Avon Close, Thornaby, Stockton-on-tees TS17 8JE3
£92.5K07/210.24 mi18, Hawthorn Avenue, Thornaby, Stockton-on-tees TS17 8NE3
£116K08/230.24 mi16, Fordy Grove, Thornaby, Stockton-on-tees TS17 8LH3
£69K11/210.28 mi71, Redcar Road, Thornaby, Stockton-on-tees TS17 8LW3
£67K04/210.28 mi87, Redcar Road, Thornaby, Stockton-on-tees TS17 8LW3
£135K05/210.3 mi452, Thornaby Road, Thornaby, Stockton-on-tees TS17 8QH3
£165K04/230.31 mi5, The Woodlands, Thornaby, Stockton-on-tees TS17 8QJ3
£93K05/210.31 mi10, The Crescent, Thornaby, Stockton-on-tees TS17 8BD3
£110K03/230.32 mi4, Stannage Grove, Thornaby, Stockton-on-tees TS17 8LF3
£137K01/210.33 mi47, Harrier Close, Thornaby, Stockton-on-tees TS17 0LN3
£114K11/230.34 mi11, Pacific Drive, Thornaby, Stockton-on-tees TS17 8GS3
£127.5K04/230.34 mi433, Thornaby Road, Thornaby, Stockton-on-tees TS17 0AB3
£125K01/210.36 mi121, Mitchell Avenue, Thornaby, Stockton-on-tees TS17 9DN3
£136.5K05/230.36 mi121, Mitchell Avenue, Thornaby, Stockton-on-tees TS17 9DN3
£130K10/210.37 mi1, Brough Close, Thornaby, Stockton-on-tees TS17 9DX3
£145K07/230.37 mi12, Brough Close, Thornaby, Stockton-on-tees TS17 9DX3
£137K04/210.38 mi25, Sir Douglas Park, Thornaby, Stockton-on-tees TS17 0JY3
£152K01/240.38 mi12, Ringway, Thornaby, Stockton-on-tees TS17 9DR3
£100K11/200.38 mi21, Ringway, Thornaby, Stockton-on-tees TS17 9DR3
£125K03/230.38 mi16, Brough Close, Thornaby, Stockton-on-tees TS17 9DX3
£141K11/210.38 mi16, Hurn Walk, Thornaby, Stockton-on-tees TS17 9DU3
£165K10/230.39 mi16, Richmond Place, Thornaby, Stockton-on-tees TS17 9EJ3
£134K05/230.39 mi34, Richmond Place, Thornaby, Stockton-on-tees TS17 9EJ3
£135K02/210.39 mi303, Thornaby Road, Thornaby, Stockton-on-tees TS17 8PH3
£247.9K04/230.41 mi70, The Green, Thornaby, Stockton-on-tees TS17 0AN3
£120K06/230.41 mi9, Hurn Walk, Thornaby, Stockton-on-tees TS17 9EF3
£140K07/230.42 mi19, Easdale Court, Thornaby, Stockton-on-tees TS17 9BW3
£147K09/230.42 mi32, Green Lane, Thornaby, Stockton-on-tees TS17 8PZ3
£245K03/230.42 mi44, Richardson Road, Thornaby, Stockton-on-tees TS17 8QG3
£160K02/210.43 mi5, Orchard Road, Thornaby, Stockton-on-tees TS17 0AW3
£92.5K06/230.43 mi8, Hough Crescent, Thornaby, Stockton-on-tees TS17 8PQ3

Local Rents

17 rents from £625/mo to £900/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£85004/250.2 mi-3
£62510/240.24 miBriar Road,Thornaby,TS17 8NF3
£69510/240.38 mi-3
£77004/250.39 mi-3
£75010/240.39 miRichmond Place, Thornaby3
£79510/240.39 miRichmond Place, Thornaby3
£90007/240.41 mi-3
£90004/250.44 mi-3
£69510/240.45 mi-3
£80009/230.45 mi-3
£79503/240.45 mi-3
£78010/240.48 mi71 Mitchell Avenue, Thornaby, TS17 9DH3
£79510/240.5 miLindisfarne Avenue, Stockton-On-Tees3
£85010/240.51 miLindisfarne Avenue, Thornaby, STOCKTON-ON-TEES3
£65010/240.56 miLansdowne Road, Stockton-On-Tees3
£63609/240.56 mi-3
£89504/240.57 mi-3

Local Area Statistics

Population in TS17

44,647

Population in Stockton-on-Tees

149,709

Town centre distance

2.40 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Price changed to £115,000

February 12, 2025

Listed for £119,000

October 31, 2024

Floor Plans

Description

  • Generous Garden +
  • Located In A Small Grove +
  • Three Bedrooms +
  • Detached Garage +
  • No Forward Chain +
  • Downstairs Cloakroom +

This excellent plot in need of updating/refurbishment this three bedroom property comes to the market with no forward chain and vacant possession. Offering a generous garden and detached garage this house with be an ideal project purchase ready for the buyer to place their own stamp on it. Comprising of an entrance, good size lounge, kitchen and downstairs cloakroom on the ground floor. The upper level offers three bedroom and bathroom with shower cubicle. Location: Malcolm Grove is a small grove located in Thornaby and is close to schools, shops and local amenities.

Entrance Hallway - 1.17m x 1.04m (3'10 x 3'5) - Front door, radiator and stairs upper level.

Cloakroom/Wc - 1.57m x 0.81m (5'2 x 2'8) - WC, part tiling and window to side aspect.

Lobby - 0.94m x 0.84m (3'1 x 2'9) - Door to side aspect, storage and access to cloakroom.

Lounge - 3.63m x 3.81m (11'11 x 12'6) - Double glazed bay window to front aspect, carpet and radiator.

Kitchen - 2.59m x 2.79m (8'6 x 9'2) - Carpet, double glazed window to rear aspect, part tiling, sink and drainer, storage cupboard and radiator.

Landing - 1.17m x 1.93m (3'10 x 6'4) - Double glazed window to side aspect, loft access and carpet flooring.

Bedroom 1 - 3.30m x 2.74m (10'10 x 9') - Double glazed bay window to front aspect, carpet, radiator and built-in wardrobes.

Bedroom 2 - 2.97m x 2.67m (9'9 x 8'9) - Double glazed window to rear aspect and radiator.

Bedroom 3 - 1.68m x 2.77m (5'6 x 9'1) - Double glazed window to side aspect, radiator and carpet.

Bathroom - 1.65m x 1.93m (5'5 x 6'4) - Shower cubicle, WC, wash hand basin, double glazed window to rear aspect, radiator, carpet flooring and storage cupboard.

Agent Details

Smith & Friends Estate Agents, Stockton-on-Tees

01642 056009

Next Steps?

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