3 Bed Bungalow, Refurb/BRRR, Middlesbrough, TS6 0PE, £210,000

Hollywalk Avenue, Middlesbrough, TS6 0PE - 2 views - 5 months ago

Sold STC
Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£67K - £415K
Sold Prices/m²£744/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£163,789

 

 

End Value (After Refurb)

£208,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£36,697

Bridging Loan Interest

£5,513

Total Cash In

£103,960

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£208,000

Mortgage (After Refinance)

£156,000

Mortgage LTV

75%

Cash Left In

£103,960

Equity

£52,000

Rent Range

£595 - £800

Rent Estimate

£652

Running Costs/mo

£800

Cashflow/mo

£-148

Cashflow/yr

£-1,781

Gross Yield

4%

Local Sold Prices

50 sold prices from £67K to £415K, average is £170K. £744/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£285K07/220.03 mi52, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NX3
£164K04/210.03 mi56, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NX3
£152K12/210.07 mi15, Firtree Avenue, Middlesbrough, Redcar And Cleveland TS6 0PQ3
£180K05/240.09 mi4, Regency Avenue, Middlesbrough, Redcar And Cleveland TS6 0QN3
£265K03/230.1 mi14, Parkway Drive, Middlesbrough, Redcar And Cleveland TS6 0NU3
£325K02/230.12 mi15, Regency Avenue, Middlesbrough, Redcar And Cleveland TS6 0QL3
£183K02/230.14 mi7, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NS3
£245K08/230.15 mi48, Hollywalk Drive, Middlesbrough, Redcar And Cleveland TS6 0PL3
£168K12/200.21 mi15, Kensington Avenue, Middlesbrough TS6 0QQ3
£150K11/230.22 mi17, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG3
£146K12/200.22 mi68, West Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LQ3
£415K06/210.26 mi72, High Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LB3
£246K12/200.26 mi48, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HF3
£227K10/200.27 mi24, Aldwych Close, Middlesbrough, Redcar And Cleveland TS6 0QF3
£100K02/230.28 mi7, Pennyman Close, Normanby, Middlesbrough, Redcar And Cleveland TS6 0JG3
£315K08/230.29 mi110, Flatts Lane, Middlesbrough, Redcar And Cleveland TS6 0PW3
£170K12/200.29 mi19, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HN3
£225K08/220.3 mi17, Meredith Avenue, Middlesbrough, Redcar And Cleveland TS6 0HW3
£171K09/230.31 mi1, The Jennings, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LL3
£215.5K10/210.31 mi171, Flatts Lane, Middlesbrough, Redcar And Cleveland TS6 0PP3
£199K01/210.32 mi2, Flatts Lane Drive, Middlesbrough, Redcar And Cleveland TS6 0PR3
£165K11/210.32 mi1, The Jennings, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LL3
£77K12/200.32 mi42, Keats Road, Middlesbrough, Redcar And Cleveland TS6 0RW3
£192.5K08/230.32 mi12, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HP3
£92.5K03/230.32 mi42, Cleveland Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LU3
£175K01/210.33 mi48, Blantyre Road, Middlesbrough, Redcar And Cleveland TS6 0EY3
£240K10/220.34 mi35, Westfield Road, Middlesbrough, Redcar And Cleveland TS6 0HU3
£228K12/220.35 mi6, Oakdene Close, Middlesbrough, Redcar And Cleveland TS6 0HB3
£141K02/210.35 mi85, Guildford Road, Middlesbrough, Redcar And Cleveland TS6 0PZ3
£145K07/210.35 mi53, Guildford Road, Middlesbrough, Redcar And Cleveland TS6 0PZ3
£155K09/210.35 mi43, Guildford Road, Middlesbrough, Redcar And Cleveland TS6 0PZ3
£140K02/210.35 mi73, Guildford Road, Middlesbrough, Redcar And Cleveland TS6 0PZ3
£170K12/220.35 mi17, Guildford Road, Middlesbrough, Redcar And Cleveland TS6 0PZ3
£145K11/200.35 mi33, Buckingham Drive, Normanby, Middlesbrough, Redcar And Cleveland TS6 0QE3
£156K07/210.35 mi19, Buckingham Drive, Normanby, Middlesbrough, Redcar And Cleveland TS6 0QE3
£135K06/230.36 mi20, Carron Grove, Middlesbrough, Redcar And Cleveland TS6 0HD3
£185.5K09/210.37 mi60, Bexley Drive, Normanby, Middlesbrough TS6 0ST3
£158K03/240.37 mi45, Bexley Drive, Normanby, Middlesbrough, Redcar And Cleveland TS6 0ST3
£153K07/230.37 mi46, Bexley Drive, Normanby, Middlesbrough, Redcar And Cleveland TS6 0ST3
£177.9K11/230.38 mi24, Westfield Close, Middlesbrough, Redcar And Cleveland TS6 0HX3
£130K07/210.38 mi7, Westfield Close, Middlesbrough, Redcar And Cleveland TS6 0HX3
£122.5K11/210.38 mi5, Windsor Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0QZ3
£280K08/210.38 mi10, Woodlands Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0PS3
£285K08/210.38 mi12, Woodlands Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0PS3
£138K09/230.39 mi36, Clive Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RT3
£115K05/230.39 mi34, Clive Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RT3
£145K01/230.39 mi3, Thirlmere Crescent, Middlesbrough, Redcar And Cleveland TS6 0EU3
£186K08/230.39 mi8, Southwark Close, Middlesbrough, Redcar And Cleveland TS6 0SE3
£207.5K11/200.4 mi10, Woodlands Drive, Normanby, Middlesbrough, Redcar And Cleveland TS6 0NW3
£67K12/200.4 mi5, Oakley Walk, Middlesbrough, Redcar And Cleveland TS6 0TE3

Local Rents

13 rents from £595/mo to £800/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£70002/240.22 mi-3
£70011/240.22 mi-3
£62510/240.31 miThe Jennings, Normanby, Middlesbrough, TS6 0LL3
£80004/250.31 mi-3
£62510/240.33 mi-3
£65010/240.4 miHolmefields Road, Middlesbrough, TS63
£59511/240.4 mi-3
£65002/250.42 mi-3
£65006/240.45 mi-3
£65002/250.45 mi-3
£65012/240.5 mi-3
£64808/240.54 mi-3
£67510/240.58 miCherry Tree Close, Ormesby,3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.35 miles away

Nearest school

0.30 miles away

Nearest train station

1.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £210,000

November 9, 2024

Floor Plans

Description

  • Feature Log Burner in the Lounge – Cosy up by the fire and enjoy the warmth and ambiance this unique feature brings to your living space +
  • Light-Filled Conservatory – Overlooking a beautifully maintained garden, this conservatory is your own slice of paradise, ideal for morning coffee or afternoon tea +
  • Extended Open-Plan Kitchen - with stylish Howdens kitchen flowing seamlessly into dining area +
  • High-End Bathroom Suite – Luxury awaits with a top-of-the-range walk-in shower, perfect for a relaxing escape at the end of your day +
  • Stunning Upstairs Master Bedroom – Accessed by a beautifully fitted staircase, this master suite is a private haven that’s full of charm +
  • Two Generous Ground Floor Bedrooms – Bright, spacious, and move-in ready, ideal for family, guests, or a home office +

This Flawless 3-Bedroom Bungalow Is The Ultimate Blend Of Sleek Style And Modern Comfort! With Two Spacious Bedrooms Downstairs And A Dreamy Master Suite Upstairs, This Home Is Move-In Ready With Every Detail Perfected. The Open-Plan Kitchen And Dining Area Features A Premium 4-Year-Old Howdens Kitchen And Brand-New Oven, Ideal For Effortless Entertaining. Relax In The Stylish Lounge With Its Cosy Log Burner Or Unwind In The Sunlit Conservatory Overlooking A Stunningly Landscaped Garden. Top-Of-The-Line Bathroom, Walk-In Shower, And Zero Renovations Needed – It’s Ready For You To Make It Yours Today!

Agent Details

G.R. Estates, Stockton-on-Tees

01642 378022

Next Steps?

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