10 Bed HMO, Stockton-on-Tees, TS18 3NA, £170,000

Yarm Road, Stockton-on-tees, TS18 3NA - 218 views - 3 months ago

HMO
Cash
ROI: 11%
~310 m²
+15 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£122,667

Bridging Loan Interest

£4,463

Total Cash In

£178,579

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£242,992

Mortgage (After Refinance)

£182,244

Mortgage LTV

75%

Cash Released

£54,744

Cash Left In

£123,835

Equity

£60,748

Room Rate

£446

Gross Rent

£4,460

Running Costs/mo

£2,686

Cashflow/mo

£1,774

Cashflow/yr

£21,282

ROI

12%

Gross Yield

31%













Property History

Price changed to £170,000

January 23, 2025

Price changed to £180,000

December 19, 2024

Listed for £200,000

December 3, 2024

Sold for £42,500

2000

Sold for £33,000

1998

Floor Plans

Description

  • Multi-Purpose Use +
  • 10 Bedrooms +
  • Investment Opportunity +
  • Parking +
  • Prime Location +
  • Cash Buyers Only! +

The Property
Welcome to Yarm Road, an exceptional 10-bedroom property located in the bustling area of Stockton-on-Tees, Co. Durham. This versatile property presents a fantastic investment opportunity with its multi-purpose potential, suitable for residential use, commercial ventures, landlord investments, or as an HMO (House in Multiple Occupation).

This extensive property boasts ten spacious bedrooms, making it ideal for large families, shared living, or commercial use such as a guest house or rental units.

The property's size and location offer significant investment potential. It can be adapted for various uses, including residential apartments, commercial offices, or a high-yielding HMO.

Its flexibility allows for various configurations to meet different needs. Whether you're looking to develop a residential complex, office spaces, or an HMO, this property provides the foundation for multiple possibilities.

Multiple living areas can be adapted to serve as communal lounges, dining rooms, or additional office spaces, depending on the chosen use.
Kitchens: The property includes ample kitchen space, which can be renovated and expanded to accommodate multiple units or a commercial setup.

Several bathrooms are distributed throughout the property, ensuring convenience for all occupants.

Abundant storage areas and potential for further development within the property.
Exterior Features:

Adequate parking space for multiple vehicles, crucial for both residential and commercial use.

Situated on Yarm Road, the property benefits from excellent visibility and accessibility. It’s located close to Stockton town centre, offering easy access to local amenities, shops, and services.

Well-connected by public transport and major road networks, making commuting straightforward for both residents and businesses.

Proximity to schools, medical facilities, shopping centres, and recreational areas, enhancing the property's appeal for various uses.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Teesside

020 3889 9090

Next Steps?

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

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