3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS3 7HD, £75,000

Amersham Road, Middlesbrough, TS3 7HD - 12 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£48.5K - £189K
Sold Prices/m²£675/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£77,250
BMV3%

 

 

End Value (After Refurb)

£97,416

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£36,697

Bridging Loan Interest

£1,969

Total Cash In

£62,616

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£97,416

Mortgage (After Refinance)

£73,062

Mortgage LTV

75%

Cash Released

£16,812

Cash Left In

£45,804

Equity

£24,354

Rent Range

£600 - £1,950

Rent Estimate

£864

Running Costs/mo

£497

Cashflow/mo

£367

Cashflow/yr

£4,401

ROI

7%

Gross Yield

14%

Local Sold Prices

50 sold prices from £48.5K to £189K, average is £85K. £675/m² to £2.4K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£76.8K05/210.01 mi17, Amersham Road, Middlesbrough TS3 7HD3
£66.5K12/220.04 mi5, Cornforth Avenue, Middlesbrough TS3 7HE3
£82.5K10/200.08 mi19, Chantry Close, Middlesbrough TS3 7LZ3
£80K01/210.09 mi6, Chadwell Avenue, Middlesbrough TS3 7HX3
£71K05/230.09 mi18, Chadwell Avenue, Middlesbrough TS3 7HX3
£82K07/230.09 mi1, Chadwell Avenue, Middlesbrough TS3 7HX3
£83.5K04/210.13 mi16, Downham Avenue, Middlesbrough TS3 7EY3
£80K03/210.18 mi9, Elgin Avenue, Middlesbrough TS3 7ET3
£65K04/210.19 mi6, Ipswich Avenue, Middlesbrough TS3 7HN3
£97K02/210.19 mi199, Overdale Road, Middlesbrough TS3 7DZ3
£78K12/200.22 mi4, Epping Avenue, Middlesbrough TS3 7EP3
£85K05/210.23 mi34, Evesham Road, Middlesbrough TS3 7EW3
£85K01/230.23 mi21, Rothbury Road, Middlesbrough TS3 7NP3
£106K01/230.23 mi8, Kirkstone Road, Middlesbrough TS3 7NN3
£78.5K01/210.23 mi10, Ludford Avenue, Middlesbrough TS3 7RY3
£88K01/230.23 mi3, Ludford Avenue, Middlesbrough TS3 7RY3
£91K05/210.23 mi18, Kelvin Grove, Middlesbrough TS3 7RU3
£88K10/200.24 mi25, Coledale Road, Middlesbrough TS3 7NS3
£77K02/210.26 mi95, Evesham Road, Middlesbrough TS3 7EN3
£97.5K04/230.27 mi96, Langridge Crescent, Middlesbrough TS3 7LJ3
£70K02/210.3 mi54, Darenth Crescent, Middlesbrough TS3 7JY3
£67.5K12/200.3 mi14, Kildwick Grove, Middlesbrough TS3 7SD3
£84.5K10/210.31 mi16, Frampton Green, Middlesbrough TS3 7EQ3
£120K11/220.31 mi30, Kentmere Road, Middlesbrough TS3 7DJ3
£120K12/220.32 mi47, Overdale Road, Middlesbrough TS3 7DP3
£72K10/200.34 mi4, Felby Avenue, Middlesbrough TS3 7EL3
£98K08/210.34 mi17, Kentmere Road, Middlesbrough TS3 7DH3
£48.5K10/210.37 mi16, Ampleforth Road, Middlesbrough TS3 7PU3
£105K11/210.37 mi15, Netherby Green, Middlesbrough TS3 0DN3
£95K09/210.38 mi69, Crossfell Road, Middlesbrough TS3 7PQ3
£90K06/210.44 mi25, Crossfell Road, Middlesbrough TS3 7PE3
£84K06/210.44 mi9, Anglesey Avenue, Middlesbrough TS3 0HA3
£93K01/210.44 mi3, Anglesey Avenue, Middlesbrough TS3 0HA3
£70K07/230.47 mi8, Holdenby Drive, Middlesbrough TS3 0BA3
£92.5K02/210.47 mi18, Graygarth Road, Middlesbrough TS3 7QW3
£68K02/210.48 mi4, Malling Walk, Middlesbrough TS3 8QH3
£66.5K03/230.49 mi19, Malling Walk, Middlesbrough TS3 8QH3
£85K12/220.5 mi164, Ingram Road, Middlesbrough TS3 7BU3
£95K10/210.5 mi98, Evesham Road, Middlesbrough TS3 0BD3
£87.5K06/210.5 mi19, Newlyn Green, Middlesbrough TS3 0DX3
£120K11/210.51 mi12, Radnor Green, Middlesbrough TS3 0EA3
£80K04/210.52 mi9, Bransdale Road, Middlesbrough TS3 7QG3
£90K01/230.54 mi16, Endeston Road, Middlesbrough TS3 0HG3
£75K04/210.54 mi6, Westerdale Road, Middlesbrough TS3 7RF3
£156K11/220.55 mi78, Hoskins Lane, Middlesbrough TS4 3GL3
£95K08/210.56 mi3, Copgrove Close, Middlesbrough TS3 7BP3
£80K04/210.57 mi14, Windleston Drive, Middlesbrough TS3 0BQ3
£189K02/230.57 mi7, Scholars Rise, Middlesbrough TS4 3RP3
£155K07/230.57 mi1, Scholars Rise, Middlesbrough TS4 3RP3
£95K08/210.58 mi10, Kirkstall Avenue, Middlesbrough TS3 0JB3

Local Rents

33 rents from £600/mo to £1.9K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£77501/250.14 mi-3
£99512/240.22 mi-3
£60002/240.22 mi-3
£79503/250.25 mi-3
£65010/240.29 miRounton Green, Middlesbrough, North Yorkshire, TS33
£65009/230.32 mi-3
£69510/240.34 miFelby Avenue, MIDDLESBROUGH3
£70010/240.37 miGilmonby Road, Middlesbrough, TS33
£69509/240.39 mi-3
£85001/250.42 mi-3
£85001/250.42 mi-3
£62502/240.44 mi-3
£99510/240.45 miBracken Grange, Middlesbrough, TS43
£99510/240.45 miBracken Grange, Middlesbrough, TS43
£85003/250.49 mi-3
£99510/240.49 miBracken Grange, Middlesbrough, TS43
£99510/240.49 miBracken Grange, Middlesbrough, TS43
£85011/240.51 mi-3
£85001/250.51 mi-3
£85011/240.51 mi-3
£70003/250.51 mi-3
£67511/240.53 mi-3
£1,10010/240.53 mi-3
£75010/240.57 miWindleston Drive, Middlesbrough 3
£1,00004/250.58 mi-3
£1,95007/240.59 mi-3
£62512/240.6 mi-3
£1,10005/240.61 mi-3
£85008/230.61 mi-3
£92512/240.62 mi-3
£92512/240.62 mi-3
£92512/240.62 mi-3
£62510/240.62 miMarham Close, Middlesbrough, TS33

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

0.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £75,000

November 4, 2024

Floor Plans

Description

  • BUYER FEES APPLY +
  • BEING SOLD BY GOTO RESERVATION FEE PROCESS +
  • NO ONWARD CHAIN +
  • IMMEDIATE VACANT POSSESSION +
  • FRONT & REAR GARDENS +
  • IN NEED OF COSMETIC MODERNISATION +
  • CLOSE TO AMENITIES, TRANSPORT LINKS & SCHOOLS +
  • OFF ROAD PARKING AVAILABLE +
  • CENTRALLY LOCATED +
  • BRAND NEW COMBI-BOILER +

The Property
*NO ONWARD CHAIN*IMMEDIATE VACANT POSSESSION***

A three bedroom terrace, offering spacious living accommodation throughout. Located close to plenty of local amenities, schools and travel links.

The property has been a beloved family home and has been very well maintained in that time. Having a BRAND NEW combi-boiler, uPVC double glazing, but in need of some cosmetic modernisation. This is a great family home for a first time buyer, or even a buy-to-let investor. Briefly comprising; entrance hallway, open plan lounge/diner, kitchen, three bedrooms, a family bathroom and front & rear gardens.

BOOK YOUR VIEWING ONLINE 24/7 BY CLICKING THE BROCHURE LINK BELOW.

Property Description
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

This property is offered for sale using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. When an offer is accepted, the buyer will be required to make payment of a non-refundable Reservation Fee of £1,500 including VAT (in addition to the final negotiated selling price). This will secure the transaction and the property will be taken off the market. The purchaser will not be exchanging contracts but will be given 90 working days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor (or 10 working days after receipt of the Reservation Fee, whichever is earlier).

The buyer will also be required to pay a legal pack fee of £372 including VAT and to sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation Fee team at GOTO Group.
Buyer Fees
• The Reservation fee and legal pack fee are in addition to the final negotiated selling price.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Teesside

020 3889 9090

Next Steps?

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

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