4 Bed HMO, Middlesbrough, TS1 3ED, £115,000

14 Holly Street, Middlesbrough, TS1 3ED - 16 views - 4 months ago

HMO
ROI: 19%
67 m²
+9 photos

ValuationOvervalued

Sold Prices£60K - £194K
Sold Prices/m²£612/m² - £1.7K/m²

 

 

Square Metres

67 m²
Price/m²£1.7K/m²

Value Estimate

£74,862

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Room Rate

£416

Gross Rent

£1,664

Running Costs/mo

£1,121

Cashflow/mo

£543

Cashflow/yr

£6,511

ROI

19%

Gross Yield

17%

Local Sold Prices

25 sold prices from £60K to £194K, average is £122K. £612/m² to £1.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£88K09/230.03 mi17, Myrtle Street, Middlesbrough TS1 3EB4
£120K02/210.12 mi222, Borough Road, Middlesbrough TS1 2EQ4
£120K03/230.19 mi172, Marton Road, Middlesbrough TS1 2ED4
£185K06/230.27 mi91a, Borough Road, Middlesbrough TS1 3AA4
£140K06/210.28 mi31, Croydon Road, Middlesbrough TS1 3HQ4
£140K06/210.28 mi31, Croydon Road, Middlesbrough TS1 3HQ4
£110K03/210.33 mi41, Lothian Road, Middlesbrough TS4 2HS4
£164K11/200.45 mi5, Ceremony Wynd, Middlesbrough TS4 2WG4
£115K04/210.55 mi10, Saltwater Court, Middlesbrough TS4 2AQ4
£165K10/220.57 mi15, Roseberry Road, Middlesbrough TS4 2LH4
£110K05/230.59 mi75, Westbourne Grove, North Ormesby, Middlesbrough TS3 6EE4
£66.5K02/210.7 mi18, Oxford Street, Middlesbrough TS1 4NN4
£85K01/230.71 mi33, Kensington Road, Middlesbrough TS5 6AJ4
£119K01/210.71 mi75, Kensington Road, Middlesbrough TS5 6AJ4
£75K02/230.8 mi81, Costa Street, Middlesbrough TS1 4PJ4
£122K08/210.83 mi7, Canterbury Grove, Middlesbrough TS5 6NS4
£145K11/210.83 mi25, Canterbury Grove, Middlesbrough TS5 6NS4
£60K06/210.83 mi89, Kings Road, North Ormesby, Middlesbrough TS3 6EY4
£194K10/230.85 mi41, The Ridings, Middlesbrough TS4 2WA4
£72K02/230.85 mi97, Kings Road, North Ormesby, Middlesbrough TS3 6EY4
£180K06/210.94 mi16, Maddren Way, Middlesbrough TS5 5BB4
£170K05/240.94 mi2, Maddren Way, Middlesbrough TS5 5BB4
£160K07/210.94 mi15, Maddren Way, Middlesbrough TS5 5BB4
£155K04/210.96 mi28, Raines Court, Middlesbrough TS4 2AL4
£167K01/210.97 mi111, Raines Court, Middlesbrough TS4 2AN4

Local Area Statistics

Population in TS1

16,984

Population in Middlesbrough

189,245

Town centre distance

2.07 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £115,000

November 21, 2024

Sold for £82,500

2024

Sold for £21,000

2003

Sold for £20,000

2002

Sold for £14,000

1997

Floor Plans

Description

  • INVESTMENT OPPORTUNITY - FULLY OCCUPIED YIELD 14% +
  • WELL MAINTAINED THROUGHOUT +
  • FOUR BEDROOM STUDENT HMO +
  • WITHIN CLOSE PROXIMITY OF TEESSIDE UNIVERSITY +
  • MODERN KITCHEN & CONTEMPORARY BATHROOM +
  • EPC RATING C +

Introducing this four-bedroom terraced house, ideally located close to the University in the TS1 area. This well-presented property boasts spacious accommodation and offers a fantastic investment opportunity for any potential buyer.

Upon entering the property, you are greeted into the communal lounge area and a modern kitchen, two ground floor bedrooms. First floor provides two other bedrooms and contemporary bathroom.

The four bedrooms are generously sized. The property has been maintained to a high standard and is well presented throughout.

Located within close proximity to Teesside University, this property is ideal for students or professionals who require easy access to the campus. This property achieves a 14% YIELD when all rooms are occupied. The property is also situated in a prime location, with local amenities and transport links just a stone's throw away.

Overall, this property offers an excellent opportunity for anyone looking for a spacious and well-maintained house in the heart of TS1. With an EPC rating of C, this property is energy efficient and cost-effective.
Communal Entrance
Entrance into hallway. Access into communal lounge.
Bedroom 1
Double glazed bay window to front aspect and radiator.
Communal Lounge
Access to kitchen. UPVC double glazed exit door leading to rear yard. Radiator.
Kitchen
Fitted wall and base units. Roll top work surfaces. Stainless steel sink unit with mixer tap and drainer. Space and plumbing for washing machine. Built in oven, hob, extractor hood and microwave. Double glazed window to side aspect. Access to bedroom 2.
Bedroom 2
Double glazed window to rear aspect and radiator.
Landing
Providing access to bedrooms 3 & 4 and bathroom.
Bedroom 3
Double glazed window to front aspect and radiator
Bedroom 4
Double glazed window to rear aspect and radiator.
Bathroom
Fitted with white three piece suite comprising of panelled jet spa bath with shower over. wash hand basin and low level wc. Decorative panelling to walls.
Rear Yard

Property Disclaimer - IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We cannot also confirm at this stage of marketing the tenure of this house.

Agent Details

NS Estates, Middlesbrough

01642 937591

Next Steps?

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