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3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS7 9JU, £70,000

33 Tebay Close, Ormesby, Middlesbrough, TS7 9JU - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£52K - £184K
Sold Prices/m²£700/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£70,000

 

 

End Value (After Refurb)

£110,305

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£36,697

Bridging Loan Interest

£1,838

Total Cash In

£61,085

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,305

Mortgage (After Refinance)

£82,729

Mortgage LTV

75%

Cash Released

£30,229

Cash Left In

£30,856

Equity

£27,576

Rent Range

£575 - £700

Rent Estimate

£644

Running Costs/mo

£494

Cashflow/mo

£150

Cashflow/yr

£1,806

ROI

3%

Gross Yield

11%

Local Sold Prices

50 sold prices from £52K to £184K, average is £100.3K. £700/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£85K11/230.01 mi29, Tebay Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JU3
£65K01/210.02 mi49, Ryhill Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JZ3
£85K10/230.04 mi43, Tebay Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JX3
£88K08/220.07 mi16, Allendale Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LF3
£98K01/230.07 mi7, Thursby Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JH3
£70K04/210.08 mi15, Staveley Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JR3
£90K12/220.09 mi27, Thursby Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JJ3
£95K08/230.09 mi2, Allendale Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LF3
£132K09/210.12 mi5, Poppy Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JG3
£78K12/220.12 mi4, Norham Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LH3
£74K06/210.14 mi6, Bamburgh Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LS3
£75K03/230.16 mi16, Cornhill Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LW3
£52.5K04/210.16 mi22, Bywell Grove, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LL3
£97.5K08/210.16 mi17, Bywell Grove, Ormesby, Middlesbrough TS7 9LL3
£83K05/230.17 mi14, Stapleford Road, Middlesbrough TS3 0QW3
£105K06/230.17 mi6, Stapleford Road, Middlesbrough TS3 0QW3
£72.5K03/210.18 mi10, Gaisgill Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LZ3
£168K09/230.19 mi5, Sunnyfield, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BL3
£52K03/210.19 mi11, Chathill Walk, Overfields, Middlesbrough, Redcar And Cleveland TS7 9LX3
£95K12/220.21 mi45, Sedgebrook Gardens, Middlesbrough TS3 0QP3
£75K04/240.22 mi14, Alwinton Court, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NG3
£81.5K09/210.22 mi69, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE3
£78K08/210.22 mi53, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE3
£145K03/210.25 mi83, Normanby Road, Ormesby, Middlesbrough TS7 9NX3
£142K07/230.26 mi18, Cargo Fleet Lane, Middlesbrough TS3 0PF3
£180K07/230.26 mi8, Orchard Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BU3
£87K09/220.27 mi113, Ainsworth Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QD3
£175K05/210.29 mi13, Orchard Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BT3
£125K06/210.31 mi13, Pritchett Road, Middlesbrough TS3 0NQ3
£100.6K02/240.31 mi3, Cherry Tree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PH3
£100K06/210.32 mi12, Cherry Tree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PH3
£80K01/210.32 mi51, Starbeck Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QG3
£115K06/210.32 mi11, Lobelia Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PJ3
£105K02/210.33 mi28, Eastbourne Gardens, Middlesbrough TS3 0PQ3
£184K12/230.34 mi17, Lilac Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9DE3
£153K05/230.35 mi21, Cedar Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9DL3
£117.3K02/240.36 mi48, Conifer Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PL3
£101.5K04/210.36 mi37, Conifer Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PL3
£130K11/200.37 mi57, Normanby Road, Ormesby, Middlesbrough TS7 9NU3
£150K04/210.37 mi17, Birchtree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PQ3
£120K11/220.37 mi6, Birchtree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PQ3
£155K09/210.37 mi40, Pritchett Road, Middlesbrough TS3 0NG3
£120K11/220.38 mi2, Springlea, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PP3
£112.5K06/230.38 mi2, Burwell Road, Middlesbrough TS3 0PS3
£143K02/210.4 mi66, Cargo Fleet Lane, Middlesbrough TS3 0PN3
£147.5K08/210.4 mi2, The Crescent, Ormesby, Middlesbrough TS7 9PF3
£80K04/210.42 mi24, Burwell Road, Middlesbrough TS3 0PT3
£80K10/200.43 mi163, Fulbeck Road, Middlesbrough TS3 0RR3
£124K07/230.43 mi3, Laburnum Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9DD3
£176K03/210.44 mi29, Endeavour Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NN3

Local Rents

17 rents from £575/mo to £700/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£70012/240.05 mi-3
£65010/240.16 miStapleford Road, Middlesbrough3
£67502/240.18 mi-3
£59502/240.2 mi-3
£65012/240.25 mi-3
£67510/240.3 miCherry Tree Close, Ormesby,3
£60010/230.35 mi-3
£62510/240.35 mi-3
£66003/250.36 mi-3
£69506/240.37 mi-3
£57502/240.39 mi-3
£62501/250.39 mi-3
£70010/240.43 miCrowland Avenue, Middlesbrough3
£65010/240.49 miGlentworth Avenue, Middlesbrough3
£62510/240.51 miMarham Close, Middlesbrough, TS33
£61510/240.52 mi-3
£64808/240.62 mi-3

Links

Local Area Statistics

Population in TS7

22,058

Population in Middlesbrough

189,245

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.93 miles away

 

 

Rental growth (12m)

+53%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £70,000

November 11, 2024

Floor Plans

Description

  • A Three Bedroom Terraced House +
  • An Ideal Investment Opportunity +
  • Through Lounge/Diner +
  • Three Generous Size Bedrooms +
  • Bathroom with Separate WC +
  • Front & Rear Gardens +
  • No Forward Chain +

33 Tebay Close is a three bedroom terraced house offered for sale with no forward chain. In need of modernisation but would make an ideal investment opportunity with front and rear gardens. Internally the accommodation briefly comprises a spacious entrance hall, through lounge/diner, fitted kitchen, three generous size bedrooms to the first floor, bathroom and separate WC. Please call our Nunthorpe Office to arrange your viewing appointment.

Tenure - Freehold

Council Tax Band A

Agent Details

Michael Poole, Nunthorpe

01642 033633

Next Steps?

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

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