2 Bed Flat, Motivated Seller, Middlesbrough, TS6 9QG, £47,000

Trunk Road, Trunk rd, Middlesbrough, North Yorkshire, TS6 9QG - 3 views - 5 months ago

Leasehold
Motivated
BTL
ROI: 21%
~64 m²
+3 photos

ValuationUndervalued

Sold Prices£37K - £195K
Sold Prices/m²£746/m² - £2.8K/m²

 

 

Square Metres

~64.10 m²
Price/m²£733/m²

Value Estimate

£58,280
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,750

Stamp Duty & Legal Fees

£3,550

Total Cash In

£15,300

 

 

Cash Out

 

Rent Range

£480 - £750

Rent Estimate

£544

Running Costs/mo

£276

Cashflow/mo

£268

Cashflow/yr

£3,220

ROI

21%

Gross Yield

14%

Local Sold Prices

34 sold prices from £37K to £195K, average is £81K. £746/m² to £2.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£120K03/210.93 mi1, Wells Close, Middlesbrough, Redcar And Cleveland TS6 9PQ2
£195K09/210.96 mi8, Blacksmiths Close, Middlesbrough, Redcar And Cleveland TS6 9TH2
£47K09/211.25 mi6, Fulbeck Road, Middlesbrough TS3 0SG2
£110K08/211.26 mi28, Mansfield Road, Middlesbrough, Redcar And Cleveland TS6 9HG2
£37K08/231.29 mi68, Bankfields Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0TF2
£47K09/211.3 mi6, Fulbeck Road, Middlesbrough TS3 0SG2
£60K06/231.32 mi86, Cargo Fleet Lane, Middlesbrough TS3 0JZ2
£140K07/211.42 mi10, Fernhill Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9HY2
£90K01/221.47 miApartment 5, St Cuthberts Court, High Street, Ormesby, Middlesbrough TS7 9AF2
£53K01/231.48 mi96, Woodcock Close, Middlesbrough, Redcar And Cleveland TS6 0TU2
£47K06/211.5 mi26, Thursby Drive, Ormesby, Middlesbrough, Cleveland TS7 9JJ2
£65K02/231.59 mi8, Appletree Gardens, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NR2
£55K03/231.59 mi18, Carmarthen Road, Middlesbrough TS3 0HR2
£39K09/231.72 mi16a, Welburn Grove, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BN2
£143K05/212.07 mi1a, Premier Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BA2
£163K04/212.29 miFlat 1, Inwood Lodge, The Grove, Marton In Cleveland, Middlesbrough TS7 8AP2
£110K11/202.33 mi42, The Ladle, Middlesbrough TS4 3SL2
£96K01/232.33 mi29, The Ladle, Middlesbrough TS4 3SL2
£100K12/232.33 mi30, The Ladle, Middlesbrough TS4 3SL2
£106K06/222.33 mi13, The Ladle, Middlesbrough TS4 3SL2
£115K02/222.34 mi32, The Ladle, Middlesbrough TS4 3SL2
£95K12/212.4 mi17d, Scholars Rise, Middlesbrough TS4 3RP2
£59K02/222.54 mi40, Elder Court, Middlesbrough TS1 2SJ2
£80K03/232.59 mi15, Saltcote, Marton In Cleveland, Middlesbrough TS7 8QN2
£70K10/222.62 mi5, Riversway, Marton In Cleveland, Middlesbrough TS7 8QL2
£40K07/212.65 mi78, Broadwell Road, Middlesbrough TS4 3NP2
£82K10/222.69 mi36, Sandling Court, Marton In Cleveland, Middlesbrough TS7 8QP2
£65K08/232.69 mi52, Sandling Court, Marton In Cleveland, Middlesbrough TS7 8QP2
£83K02/212.69 mi54, Sandling Court, Marton In Cleveland, Middlesbrough TS7 8QP2
£60K09/222.74 mi22, Rosewood Court, Marton In Cleveland, Middlesbrough TS7 8QR2
£85K11/232.77 mi27, Rosewood Court, Marton In Cleveland, Middlesbrough TS7 8QR2
£85K11/232.77 mi27, Rosewood Court, Marton In Cleveland, Middlesbrough TS7 8QR2
£65K08/232.83 mi22, Planetree Court, Middlesbrough TS7 8QT2
£66K06/212.85 mi41, Coris Close, Marton In Cleveland, Middlesbrough TS7 8SR2

Local Rents

15 rents from £480/mo to £750/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£55010/240.34 miBevanlee Road, Middlesbrough, North Yorkshire, TS62
£52510/240.34 miBevanlee Road, MIDDLESBROUGH2
£67510/240.5 miBrecon Gardens, Middlesbrough2
£59510/230.53 mi-2
£48010/240.69 miMonmouth Road, Middlesbrough2
£65010/240.72 miNightingale Road, Eston2
£55008/230.78 mi-2
£57512/240.78 mi-2
£55010/240.89 miNormanby Road, Middlesbrough2
£67510/240.92 miChurchill Road, Eston, TS62
£59510/241.03 miFabian Road, Middlesbrough, TS62
£59511/241.06 mi-2
£60010/241.1 miLambton Street, Normanby, Middlesbrough TS6 0LP2
£70008/241.1 mi-2
£75006/241.11 mi-2

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.67 miles away

Nearest school

0.20 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Price changed to £47,000

March 28, 2025

Price changed to £50,000

March 8, 2025

Price changed to £53,000

January 19, 2025

Price changed to £57,000

December 27, 2024

Listed for £60,000

December 4, 2024

Floor Plans

Description

  • Council Tax band A - Leasehold, 125 years from 29 September 2006 +
  • £1,313 Service Charge, £175 Ground Rent - Per Year +
  • Ideal For First Time Buyers / Investors +
  • Ideal Investment / First Time Buyers +
  • Ground Floor Apartment +
  • Prime Location +
  • Close To Local Amenities +
  • Enclosed Rear Garden +
  • Parking +
  • Viewing Highly Advised! +

This ground floor apartment is a must view and would be a great investment or a first time buyer opportunity. Located within a prime area in the port town of Middlesbrough offering easy reach to a range of amenities. The property features a spacious lounge and 2 generously sized bedrooms. You can also benefit from parking. Call now to book!

This two bedroom apartment is located in the town of Middlesbrough with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room, a fitted kitchen, two well-proportioned bedrooms and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from parking.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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