2 Bed Flat, Single Let, Middlesbrough, TS5 5DQ, £50,000

Aysgarth Road, Linthorpe, TS5 5DQ - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 18%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£50K - £134K
Sold Prices/m²£747/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£60,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Total Cash In

£15,200

 

 

Cash Out

 

Rent Range

£500 - £895

Rent Estimate

£500

Running Costs/mo

£276

Cashflow/mo

£224

Cashflow/yr

£2,685

ROI

18%

Gross Yield

12%

Local Sold Prices

35 sold prices from £50K to £134K, average is £82K. £747/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£64.8K10/220.15 mi10, The Potteries, Middlesbrough TS5 6DQ2
£76K06/210.19 mi14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£80K07/230.19 mi19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£84K01/230.19 mi70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£65K09/220.23 mi65, Roman Road, Middlesbrough TS5 5PH2
£90K08/230.26 mi9, Oriel Close, Middlesbrough TS5 5NJ2
£63K04/230.34 mi25, Camsell Court, Middlesbrough TS5 5BE2
£70K07/230.34 mi15, Camsell Court, Middlesbrough TS5 5BE2
£82K11/210.45 mi18, Bayberry Mews, Middlesbrough TS5 7RG2
£82K08/210.45 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K01/230.45 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K02/240.45 mi12, Bayberry Mews, Middlesbrough TS5 7RG2
£67.5K10/210.48 mi6, Clough Close, Middlesbrough TS5 5DW2
£59K10/200.48 mi21, Clough Close, Middlesbrough TS5 5DW2
£60K03/230.48 mi33, Clough Close, Middlesbrough TS5 5DW2
£70K11/230.48 mi31, Clough Close, Middlesbrough TS5 5DW2
£120K03/230.49 mi4, Belgravia Gardens, Middlesbrough TS5 6NZ2
£127.5K08/220.5 mi8, Belgravia Gardens, Middlesbrough TS5 6NZ2
£134K02/230.5 mi11, Belgravia Gardens, Middlesbrough TS5 6NZ2
£112K04/230.5 mi10, Belgravia Gardens, Middlesbrough TS5 6NZ2
£95K01/210.57 mi49, Stanhope Grove, Middlesbrough TS5 7SF2
£95K01/210.57 mi47, Stanhope Grove, Middlesbrough TS5 7SF2
£55K09/230.57 mi20, St Francis Close, Middlesbrough TS5 4GY2
£87K09/220.61 mi49, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£84K09/230.61 mi30, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£77.5K10/210.61 mi30, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£95K11/220.61 mi16, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£76.5K02/210.61 mi70, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£95K03/230.61 mi3, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£82K07/220.61 mi36, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£82.5K02/210.61 mi42, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£90K11/230.61 mi43, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£71K12/200.84 mi31, Gresham Road, Middlesbrough TS1 4LU2
£75K12/220.89 miFlat 6, Glen Court, Glendale Road, Middlesbrough TS5 7FL2
£50K05/220.99 mi8, Teare Close, Middlesbrough TS1 5ND2

Local Rents

26 rents from £500/mo to £895/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£65010/240.17 miDorman Gardens, Middlesbrough, Cleveland, TS52
£69510/240.33 miCambridge Square, Middlesbrough, Cleveland, TS52
£75002/240.34 mi-2
£70010/240.39 mi-2
£70010/240.39 miThe Avenue, Middlesbrough, TS52
£62502/250.43 mi-2
£72509/230.45 mi-2
£67503/250.46 mi-2
£70011/240.46 mi-2
£65012/240.47 mi-2
£65004/250.47 mi-2
£80004/250.47 mi-2
£62510/240.47 miClough Close, Middlesbrough, North Yorkshire, TS5 5DW2
£75001/250.47 mi-2
£72502/250.48 mi-2
£60011/240.49 mi-2
£65002/240.5 mi-2
£89510/240.5 mi-2
£78003/250.52 mi-2
£50010/240.54 miBrompton Street, Middlesbrough, North Yorkshire, TS52
£75010/240.56 mi-2
£65010/240.57 mi-2
£65012/240.6 mi-2
£62510/240.62 miEssex Street, Middlesbrough2
£50010/240.62 miSurrey Street, Middlesbrough, TS1 4QA2
£59510/240.62 miCaxton Street, Middlesbrough2

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.47 miles away

Nearest school

0.20 miles away

Nearest train station

1.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £50,000

November 4, 2024

Floor Plans

Description

  • Quiet cul-de-sac location. +
  • Two well-sized bedrooms. +
  • First-floor flat with ample natural light. +
  • Great potential for updates and improvements. +
  • No onward chain for easy purchase. +
  • Ideal for first-time buyers or investors. +

About this property... Occupiers should be over the age of 65, retired or receiving a pension. Occupiers under the age of 65, will be considered if in ill health, or hardship. Located in a quiet cul-de-sac, this two-bedroom first-floor flat offers a straightforward opportunity for buyers looking to put their own stamp on a property. With a bit of modernising, there’s plenty of potential to improve and personalise this space.  Occupiers should be over the age of 65, retired or receiing a pension. Occupiers under the age of 65 will be considered if in ill health, or hardship.  Communal Hallway Staircase to the first floor with a communal stairlift. Entrance Hallway Built-in storage and access to the loft space. Lounge diner Electric fireplace and front aspect PVCu double-glazed French style doors open onto the balcony. Kitchen Comprising fitted base units with matching work surfaces and coordinated tiled splashbacks. Bedroom one Rear aspect PVCu double-glazed window. Bedroom two Front aspect PVCu double-glazed window. Bathroom Coloured suite comprising: Pedestal wall-mounted wash hand basin; panelled bath and wall-mounted mains shower and close coupled WC. Loft Access is in the hallway. Externally Parking Allocated parking. Communal gardens Mainly lawned and patio areas with fenced boundaries. General information Local authority: Middlesbrough Council tax band: A Tenure: Leasehold 1 - Lease details - TBC years from TBC - TBC years remaining. 2 - Service charges - £TBC per TBC 3 – Confirm Ground rent - £TBC per TBC Disclaimer Harvey Brooks Properties Ltd (the Company). The Company for itself and for the vendor(s) or lessor(s) of this property for whom it acts as Agents gives notice that: (i) The particulars are a general outline only for the guidance of intending purchasers or lessees and do not constitute an offer or contract (ii) All descriptions are given in good faith and are believed to be correct, but any prospective purchasers or lessees should not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness (iii) All measurements of rooms contained within these particulars should be taken as approximate and it is the responsibility of the prospective purchaser or lessee or his professional advisor to determine the exact measurements and details as required prior to Contract (iv) None of the property's services or service installations have been tested and are not warranted to be in working order (v) No employee of the Company has any authority to make or give any representation or warranty whatsoever in relation to the property.

Agent Details

Harvey Brooks, Marton

01642 056339

Next Steps?

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