Potential 4-Bed HMO, Middlesbrough, TS3 6NA, £87,500

Moses Street, Middlesbrough, TS3 6NA - 41 views - 4 months ago

HMO
ROI: 24%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£32.5K - £175K
Sold Prices/m²£417/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£941/m²

Value Estimate

£76,885

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,875

Stamp Duty & Legal Fees

£4,199

Total Cash In

£26,074

 

 

Cash Out

 

Room Rate

£416

Gross Rent

£1,664

Running Costs/mo

£1,027

Cashflow/mo

£637

Cashflow/yr

£7,646

ROI

29%

Gross Yield

23%

Local Sold Prices

50 sold prices from £32.5K to £175K, average is £87.8K. £417/m² to £1.9K/m², average is £846/m².

PriceDateDistanceAddressBeds 
£51K08/210.13 mi34, Alphonsus Street, Middlesbrough TS3 6DZ3
£126K05/230.14 mi23, Oakfield Road, Middlesbrough TS3 6EL3
£32.5K11/200.14 mi43, Coltman Street, Middlesbrough TS3 6JA3
£48.5K05/230.16 mi47, Jubilee Street, Middlesbrough TS3 6QJ3
£52K12/220.18 mi9, Ryedale Street, Middlesbrough TS3 6PF3
£48.5K08/210.19 mi12, Tunstall Street, Middlesbrough TS3 6PE3
£175K06/230.2 mi26, Millfield Road, Middlesbrough TS3 6ES3
£92K04/210.21 mi63, Lytton Street, Middlesbrough TS4 2DD3
£71K05/210.22 mi64, Saltwells Road, Middlesbrough TS4 2DZ3
£110K04/230.22 mi19, Kildale Court, North Ormesby, Middlesbrough TS3 6LS3
£65K05/210.22 mi78, Kings Road, North Ormesby, Middlesbrough TS3 6EU3
£95K01/230.24 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£62K03/210.25 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£82K12/230.25 mi137, Saltwells Road, Middlesbrough TS4 2DT3
£89K03/230.25 mi83, Saltwells Road, Middlesbrough TS4 2DT3
£55K01/230.25 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£52.5K03/210.25 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£63K02/210.25 mi123, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£37K10/200.26 mi62, Thornton Street, Middlesbrough TS3 6PH3
£93K10/210.26 mi23, Saltwells Crescent, Middlesbrough TS4 2DX3
£120K02/230.26 mi123, Saltwells Road, Middlesbrough TS4 2DT3
£46K10/210.28 mi25, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£54K05/230.28 mi32, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£77.5K02/210.29 mi41, Wellesley Road, Middlesbrough TS4 2DQ3
£85K01/240.29 mi68, Wellesley Road, Middlesbrough TS4 2DQ3
£87.5K05/240.29 mi59, Wellesley Road, Middlesbrough TS4 2DQ3
£52K03/230.29 mi10, Norcliffe Street, Middlesbrough TS3 6PS3
£101K11/200.31 mi16, Saltwater Court, Middlesbrough TS4 2AQ3
£35K10/200.32 mi45, Norcliffe Street, Middlesbrough TS3 6PN3
£138K01/230.33 mi34, Bridgewater Court, Middlesbrough TS4 2GE3
£130K10/230.33 mi11, Bridgewater Court, Middlesbrough TS4 2GE3
£126K12/220.33 mi12, Lavender Road, Middlesbrough TS3 7AE3
£105K10/200.4 mi33, Ormesby Road, Middlesbrough TS3 7AH3
£125K05/230.42 mi36, Hutton Road, Middlesbrough TS4 2LE3
£116K10/210.42 mi25, Ingleby Road, Middlesbrough TS4 2JU3
£109.5K03/230.42 mi3, Ingleby Road, Middlesbrough TS4 2JU3
£115K09/220.42 mi11, Bilsdale Road, Middlesbrough TS4 2LQ3
£148K11/230.42 mi1, Bilsdale Road, Middlesbrough TS4 2LQ3
£88K12/200.43 mi56, Ingram Road, Middlesbrough TS3 7AZ3
£122K02/230.43 mi11, St Johns Close, Middlesbrough TS4 2FG3
£99K10/200.43 mi227, Marton Road, Middlesbrough TS4 2ES3
£78K09/210.44 mi29, Bradhope Road, Middlesbrough TS3 7BB3
£135K05/230.45 mi21, Palin Close, Middlesbrough TS4 2FF3
£167K05/220.46 mi38, Simon Hunter Way, Middlesbrough TS4 2GX3
£137.5K11/220.46 mi24, Lansdowne Road, Middlesbrough TS4 2LN3
£45K10/230.48 mi30, Egmont Road, Middlesbrough TS4 2HY3
£60K03/240.48 mi25, Egmont Road, Middlesbrough TS4 2HY3
£110K09/210.48 mi57, Hutton Road, Middlesbrough TS4 2LG3
£65K10/210.49 mi10, Stamford Street, Middlesbrough TS1 3EW3
£70K10/210.49 mi14, Stamford Street, Middlesbrough TS1 3EW3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.60 miles away

Nearest school

0.20 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £87,500

March 24, 2025

Price changed to £92,500

January 11, 2025

Listed for £99,950

December 6, 2024

Sold for £75,000

2005

Floor Plans

Description

  • NO ONWARD CHAIN +
  • THREE DOUBLE BEDROOMS +
  • BATHROOM AND SEPERATE SHOWER ROOM +
  • CLOSE TO LOCAL AMENITIES +
  • GREAT INVESTMENT OPPOURTUNITY +
  • TENURE - FREEHOLD +
  • COUNCIL TAX BAND +

Clarke Munro welcome to the market this hidden gem of a property in the North Ormesby area. Much bigger than its outward appearance would have you believe this three bedroom property has lots to offer. As well as being well positioned for all local amenities, this property has two bathrooms and useful utility space on the first floor landing. Internally the property comprises of welcoming entrance hall, opening into fab sized through lounge dining room. The breakfast kitchen has a range of matching units and opens into the rear lobby which then leads to the ground floor shower room. The first floor has a great utility space with matching wall and base units, and plumbing for washing machine. Bathroom w/c with 3 piece suite and two double bedrooms, a further double bedroom is on the second floor. The property itself would make a great investment and could be easily made into a HMO subject to regulations. Please note from July 2023 this property will be in a selective licensing zone and costs may be incurred to a purchaser. Please enquire for further information

Agent Details

Clarke Munro, Middlesbrough

01642 056909

Next Steps?

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