3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 7DJ, £175,000

Ullswater Avenue, Acklam, TS5 7DJ - 2 views - 5 months ago

Refurb/BRRR

ROI: 2%

~93 m²

+7 photos

ValuationOvervalued

Sold Prices	£52K - £275K
Sold Prices/m²	£559/m² - £3.1K/m²

Square Metres	~93 m²
Price/m²	£1.9K/m²
Value Estimate	£162,337£162,337

End Value (After Refurb)	£165,000£165,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£6,450£6,450
Refurb Costs	£36,697£36,697
Bridging Loan Interest	£4,594£4,594
Total Cash In	£93,241£93,241

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£165,000£165,000
Mortgage (After Refinance)	£123,750£123,750
Mortgage LTV	75%75%
Cash Left In	£93,241£93,241
Equity	£41,250£41,250
Rent Range	£800 - £1,050£800 - £1,050
Rent Estimate	£860
Running Costs/mo	£708£708
Cashflow/mo	£152£152
Cashflow/yr	£1,829£1,829
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £52K to £275K, average is £165K. £559/m² to £3.1K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£52K	03/24	0.05 mi	34, Ambleside Grove, Middlesbrough TS5 7DQ	£559	93	3	Semi-Detached House
£170K	11/21	0.06 mi	92, Ullswater Avenue, Middlesbrough TS5 7DL	£1,828	93	3	Semi-Detached House
£240K	06/23	0.07 mi	8, Florida Gardens, Middlesbrough TS5 7SQ	-	-	3	Semi-Detached House
£134K	08/21	0.08 mi	120, Coniston Grove, Middlesbrough TS5 7DG	-	-	3	Semi-Detached House
£168K	08/21	0.08 mi	118, Coniston Grove, Middlesbrough TS5 7DG	£1,541	109	3	Semi-Detached House
£174K	06/21	0.09 mi	29, Stanhope Grove, Middlesbrough TS5 7SF	£1,673	104	3	Semi-Detached House
£125K	01/21	0.1 mi	109, Coniston Grove, Middlesbrough TS5 7DF	£1,563	80	3	Semi-Detached House
£160K	07/23	0.14 mi	9, Embleton Avenue, Middlesbrough TS5 7EA	-	-	3	Semi-Detached House
£210K	12/23	0.14 mi	28, Embleton Avenue, Middlesbrough TS5 7EA	-	-	3	Semi-Detached House
£210K	09/23	0.14 mi	52, Ridley Avenue, Acklam, Middlesbrough TS5 7AW	£2,165	97	3	Semi-Detached House
£116K	12/20	0.16 mi	41, Ridley Avenue, Middlesbrough TS5 7AR	£1,415	82	3	Semi-Detached House
£195K	08/23	0.16 mi	41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR	£2,378	82	3	Semi-Detached House
£195K	08/23	0.16 mi	41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR	£2,378	82	3	Semi-Detached House
£152.5K	06/21	0.18 mi	30, Ridley Avenue, Middlesbrough TS5 7AN	£1,860	82	3	Semi-Detached House
£134K	12/20	0.18 mi	28, Ridley Avenue, Acklam, Middlesbrough TS5 7AN	£1,634	82	3	Semi-Detached House
£175K	07/23	0.18 mi	16, Ridley Avenue, Acklam, Middlesbrough TS5 7AN	£2,160	81	3	Semi-Detached House
£137.5K	12/20	0.19 mi	54, Coniston Grove, Middlesbrough TS5 7DD	£1,511	91	3	Semi-Detached House
£170K	05/23	0.2 mi	6, Ennerdale Avenue, Middlesbrough TS5 7BB	£1,868	91	3	Semi-Detached House
£165K	12/20	0.2 mi	6, Derwentwater Avenue, Middlesbrough TS5 7DB	£1,755	94	3	Semi-Detached House
£128K	06/21	0.2 mi	7, Ridley Avenue, Acklam, Middlesbrough TS5 7AL	£1,438	89	3	Semi-Detached House
£167.5K	06/23	0.2 mi	23, Ridley Avenue, Acklam, Middlesbrough TS5 7AL	£2,083	80	3	Semi-Detached House
£165K	10/23	0.21 mi	8, Hardwick Avenue, Middlesbrough TS5 7AS	£1,701	97	3	Semi-Detached House
£152K	02/23	0.24 mi	21, Britain Avenue, Middlesbrough TS5 7AT	-	-	3	Semi-Detached House
£155K	04/21	0.24 mi	5, Britain Avenue, Middlesbrough TS5 7AT	-	-	3	Semi-Detached House
£150K	07/21	0.24 mi	7, Britain Avenue, Middlesbrough TS5 7AT	£1,874	80	3	Semi-Detached House
£147.5K	11/21	0.25 mi	22, Eastgate Road, Middlesbrough TS5 5LN	£1,891	78	3	Semi-Detached House
£110K	03/23	0.25 mi	41, Thornfield Grove, Middlesbrough TS5 5LQ	£1,038	106	3	Semi-Detached House
£255K	03/24	0.25 mi	47, Thornfield Grove, Middlesbrough TS5 5LQ	£3,110	82	3	Bungalow
£157.8K	12/20	0.25 mi	2, Thirlmere Avenue, Middlesbrough TS5 7DA	-	-	3	Semi-Detached House
£165K	07/21	0.25 mi	10, Thirlmere Avenue, Middlesbrough TS5 7DA	£2,171	76	3	Semi-Detached House
£140K	01/24	0.26 mi	2, Hatfield Avenue, Middlesbrough TS5 7AU	£1,591	88	3	Semi-Detached House
£217K	09/23	0.26 mi	16, Kingston Avenue, Middlesbrough TS5 7RS	-	-	3	Semi-Detached House
£230K	02/24	0.26 mi	11, Kingston Avenue, Middlesbrough TS5 7RS	£2,233	103	3	Semi-Detached House
£114K	11/20	0.27 mi	11, Rydal Avenue, Middlesbrough TS5 7BG	£1,390	82	3	Semi-Detached House
£156.5K	03/23	0.27 mi	7, Rydal Avenue, Middlesbrough TS5 7BG	£1,777	88	3	Semi-Detached House
£163K	09/23	0.27 mi	23, Hatfield Avenue, Middlesbrough TS5 7AX	£1,811	90	3	Semi-Detached House
£190K	08/23	0.27 mi	55, Harrow Road, Middlesbrough TS5 5LH	£1,845	103	3	Semi-Detached House
£169K	04/21	0.27 mi	54, Harrow Road, Middlesbrough TS5 5LH	-	-	3	Semi-Detached House
£138K	03/24	0.27 mi	77, Harrow Road, Middlesbrough TS5 5LH	£1,747	79	3	Semi-Detached House
£167.5K	03/24	0.27 mi	29, Church Lane, Middlesbrough TS5 7EF	£2,204	76	3	Semi-Detached House
£128K	02/23	0.28 mi	15, Thirlmere Avenue, Middlesbrough TS5 7BY	£1,391	92	3	Semi-Detached House
£158.5K	05/23	0.29 mi	51, Harrow Road, Middlesbrough TS5 5NS	-	-	3	Semi-Detached House
£167.5K	03/21	0.29 mi	33, Lunedale Avenue, Middlesbrough TS5 7LA	£1,882	89	3	Semi-Detached House
£167K	01/21	0.29 mi	21, Fane Grove, Middlesbrough TS5 7EE	£1,621	103	3	Semi-Detached House
£205K	05/21	0.29 mi	8, Cleveland Avenue, Middlesbrough TS5 7RR	£1,723	119	3	Semi-Detached House
£180K	11/21	0.3 mi	31, Highbury Avenue, Middlesbrough TS5 7PP	-	-	3	Semi-Detached House
£275K	12/20	0.31 mi	25, North Wood, Middlesbrough TS5 7LL	£2,236	123	3	Detached House
£162K	10/21	0.31 mi	23, Broadgate Road, Middlesbrough TS5 5LP	-	-	3	Terraced House
£195K	07/23	0.31 mi	7, Broadgate Road, Middlesbrough TS5 5LP	-	-	3	Terraced House
£135K	03/21	0.31 mi	4, Cleveland Avenue, Middlesbrough TS5 7RR	£1,386	97	3	Semi-Detached House
£150K	07/21	0.32 mi	2, Highbury Avenue, Middlesbrough TS5 7PW	£1,566	96	3	Semi-Detached House

Local Rents

13 rents from £800/mo to £1.1K/mo, average is £895/mo.

Rent	Date	Distance	Address	Beds	Type
£900	10/24	0.2 mi	Ennerdale Avenue, Middlesbrough, North Yorkshire, TS5	3	Detached House
£900	10/24	0.22 mi	Coniston Grove, Middlesbrough	3	Semi-Detached House
£950	03/25	0.27 mi	-	3	Semi-Detached House
£1,050	03/25	0.38 mi	-	3	Semi-Detached House
£800	10/24	0.39 mi	-	3	Semi-Detached House
£900	03/25	0.44 mi	-	3	Semi-Detached House
£895	04/24	0.48 mi	-	3	Semi-Detached House
£850	03/25	0.52 mi	-	3	Semi-Detached House
£850	01/25	0.52 mi	-	3	Semi-Detached House
£850	10/24	0.53 mi	-	3	Semi-Detached House
£850	10/24	0.53 mi	Middlesbrough, Middlesbrough, TS5	3	Detached House
£950	05/24	0.54 mi	-	3	Semi-Detached House
£850	10/24	0.55 mi	Trimdon Avenue, Middlesbrough	3	Flat

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.37 miles away2.37 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.14 miles away2.14 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £175,000

November 10, 2024

Description

Chain Free Sale +
A Great Starting Point for Buyers Looking for a Blank Canvas to Work On! +
In Need of Modernisation +
Recent Full Re-Wire +
Off Street Parking +
Gas Central Heating with a Combi Boiler +
Open Plan Lounge/Diner +

Ideal family home for young couples with good schooling in the area and shops a short walk away.

Notable features include, gas central heating with a combi boiler, full re-wire undertaken recently, off street parking, south facing rear garden, conservatory and bathroom with a four piece suite.

The property comprises entrance hall, lounge/diner, conservatory and kitchen. On the first floor there are three bedrooms and a family bathroom. Externally there is off street parking to the front and a south facing rear garden to the rear.

Tenure: Freehold
Council Tax Band: C

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed House, Refurb/BRRR, Middlesbrough, TS5 7SH

£160,000

4 views • 2 months ago • 93 m²

3 Bed House, Refurb/BRRR, Middlesbrough, TS5 5LN

£170,000

a month ago • 93 m²

3 Bed House, Refurb/BRRR, Middlesbrough, TS5 5LH

£149,000

8 months ago • 93 m²

Sold STC

3 Bed House, Refurb/BRRR, Middlesbrough, TS5 7LT

£155,000

4 views • 6 months ago • 93 m²