3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS6 9AN, £140,000

Burns Road, Middlesbrough, TS6 9AN - 4 months ago

Sold STC

Refurb/BRRR

ROI: 2%

~74 m²

+10 photos

ValuationOvervalued

Sold Prices	£65K - £270K
Sold Prices/m²	£773/m² - £2.6K/m²

Square Metres	~73.76 m²
Price/m²	£1.9K/m²
Value Estimate	£102,737£102,737

End Value (After Refurb)	£138,750£138,750

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£8,500£8,500
Refurb Costs	£29,105£29,105
Bridging Loan Interest	£3,675£3,675
Total Cash In	£78,030£78,030

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£138,750£138,750
Mortgage (After Refinance)	£104,063£104,063
Mortgage LTV	75%75%
Cash Left In	£78,030£78,030
Equity	£34,688£34,688
Rent Range	£625 - £875£625 - £875
Rent Estimate	£695
Running Costs/mo	£593£593
Cashflow/mo	£102£102
Cashflow/yr	£1,229£1,229
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £65K to £270K, average is £115K. £773/m² to £2.6K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£120K	11/21	0.1 mi	6, Shelley Crescent, Middlesbrough, Redcar And Cleveland TS6 9AL	£1,519	79	3	Semi-Detached House
£90K	11/21	0.1 mi	40, Shelley Crescent, Middlesbrough, Redcar And Cleveland TS6 9AL	£1,139	79	3	Semi-Detached House
£75K	02/24	0.11 mi	41, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL	-	-	3	Semi-Detached House
£75K	08/23	0.11 mi	23, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL	-	-	3	Semi-Detached House
£100K	04/23	0.11 mi	31, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9BL	-	-	3	Terraced House
£121K	07/21	0.11 mi	47, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BD	-	-	3	Semi-Detached House
£115K	11/20	0.11 mi	64, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BD	£1,009	114	3	Semi-Detached House
£130.5K	12/20	0.13 mi	67, Wordsworth Road, Middlesbrough, Redcar And Cleveland TS6 9AZ	£1,483	88	3	Semi-Detached House
£105K	06/21	0.13 mi	71, Wordsworth Road, Middlesbrough, Redcar And Cleveland TS6 9AZ	£1,296	81	3	Terraced House
£96K	09/23	0.14 mi	14, Burns Road, Middlesbrough, Redcar And Cleveland TS6 9AH	-	-	3	Semi-Detached House
£65K	11/20	0.14 mi	4, Burns Road, Middlesbrough, Redcar And Cleveland TS6 9AH	£823	79	3	Semi-Detached House
£112K	12/20	0.15 mi	20, Carlyle Road, Middlesbrough, Redcar And Cleveland TS6 9AU	£1,418	79	3	Semi-Detached House
£98.5K	12/22	0.16 mi	36, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BH	-	-	3	Terraced House
£100K	04/21	0.16 mi	119, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QT	£1,221	82	3	Semi-Detached House
£115K	07/21	0.18 mi	10, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BH	-	-	3	Semi-Detached House
£145K	05/23	0.23 mi	92, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QR	£1,543	94	3	Semi-Detached House
£91K	01/21	0.25 mi	387, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0BL	-	-	3	Semi-Detached House
£98.5K	04/21	0.26 mi	26, Sycamore Crescent, Middlesbrough, Redcar And Cleveland TS6 0BW	£1,173	84	3	Semi-Detached House
£175K	08/23	0.26 mi	34, Keswick Road, Middlesbrough, Redcar And Cleveland TS6 0BN	£1,862	94	3	Semi-Detached House
£127K	09/21	0.29 mi	19, Brecon Gardens, Middlesbrough, Redcar And Cleveland TS6 9RZ	£1,530	83	3	Detached House
£128K	11/23	0.29 mi	4, Brecon Gardens, Middlesbrough, Redcar And Cleveland TS6 9RZ	£1,391	92	3	Detached House
£140K	09/22	0.3 mi	6, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ	£2,000	70	3	Detached House
£125K	10/21	0.3 mi	10, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ	£1,873	67	3	Detached House
£95K	08/21	0.3 mi	43, Nightingale Road, Middlesbrough, Redcar And Cleveland TS6 9PY	£1,145	83	3	Semi-Detached House
£185K	04/21	0.31 mi	107, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR	£2,534	73	3	Semi-Detached House
£135K	09/21	0.31 mi	54, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR	-	-	3	Semi-Detached House
£145K	12/20	0.31 mi	82, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR	£1,611	90	3	Semi-Detached House
£175K	04/24	0.31 mi	54, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR	-	-	3	Semi-Detached House
£175K	10/23	0.31 mi	48, Lime Crescent, Middlesbrough, Redcar And Cleveland TS6 0BU	£1,842	95	3	Semi-Detached House
£130K	03/21	0.31 mi	42, Lime Crescent, Middlesbrough, Redcar And Cleveland TS6 0BU	-	-	3	Semi-Detached House
£85K	11/21	0.32 mi	143, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9RH	-	-	3	Semi-Detached House
£109.5K	03/23	0.32 mi	205, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9RA	£1,685	65	3	Semi-Detached House
£90K	05/23	0.32 mi	3, Lilac Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BS	£947	95	3	Semi-Detached House
£270K	06/23	0.32 mi	445, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0ED	£2,639	102	3	Semi-Detached House
£98.8K	10/21	0.33 mi	11, Tawney Close, Middlesbrough, Redcar And Cleveland TS6 9RE	£959	103	3	Semi-Detached House
£129.9K	03/21	0.33 mi	16, Tawney Close, Middlesbrough, Redcar And Cleveland TS6 9RE	-	-	3	Detached House
£85K	01/21	0.33 mi	11, Flora Street, Middlesbrough, Redcar And Cleveland TS6 9QP	£773	110	3	Terraced House
£114K	04/21	0.34 mi	1, Kerry Close, Middlesbrough, Redcar And Cleveland TS6 9TG	£1,900	60	3	Detached House
£100K	11/21	0.34 mi	203, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9RA	-	-	3	Semi-Detached House
£155K	05/23	0.35 mi	68, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BX	-	-	3	Semi-Detached House
£146K	06/23	0.36 mi	69, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BT	£1,475	99	3	Semi-Detached House
£137K	12/23	0.36 mi	58, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0BT	£1,671	82	3	Semi-Detached House
£136.5K	12/20	0.36 mi	5, Orchard Grove, Middlesbrough, Redcar And Cleveland TS6 9BY	£1,393	98	3	Semi-Detached House
£85K	02/24	0.36 mi	34, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0DA	£1,090	78	3	Semi-Detached House
£123K	11/20	0.37 mi	5, Holyhead Court, Middlesbrough, Redcar And Cleveland TS6 9TF	£1,640	75	3	Detached House
£115K	05/21	0.37 mi	2, Holyhead Court, Middlesbrough, Redcar And Cleveland TS6 9TF	£1,742	66	3	Semi-Detached House
£76K	10/21	0.38 mi	20, Myrddin Baker Road, Middlesbrough, Redcar And Cleveland TS6 9SX	£894	85	3	Terraced House
£150K	04/21	0.38 mi	38, Grasmere Drive, Middlesbrough, Redcar And Cleveland TS6 0EF	£1,765	85	3	Semi-Detached House
£161K	02/24	0.38 mi	20, Grasmere Drive, Middlesbrough, Redcar And Cleveland TS6 0EF	-	-	3	Semi-Detached House
£85K	04/23	0.38 mi	3, Cardigan Close, Middlesbrough, Redcar And Cleveland TS6 9SP	£1,037	82	3	Terraced House

Local Rents

11 rents from £625/mo to £875/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£650	08/24	0.19 mi	-	3	Semi-Detached House
£695	12/23	0.33 mi	-	3	Semi-Detached House
£875	01/25	0.36 mi	-	3	Detached House
£750	03/25	0.52 mi	-	3	Terraced House
£625	10/24	0.58 mi	The Jennings, Normanby, Middlesbrough, TS6 0LL	3	Terraced House
£800	04/25	0.58 mi	-	3	Terraced House
£700	10/23	0.59 mi	-	3	Terraced House
£650	10/24	0.6 mi	Arundel Road, Grangetown, TS6 7QZ	3	Detached House
£625	10/24	0.61 mi	Langdale Crescent, Eston	3	Terraced House
£625	10/24	0.62 mi	-	3	Semi-Detached House
£650	11/23	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in TS6	30,23930,239
Population in Middlesbrough	189,245189,245
Town centre distance	1.72 miles away1.72 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.50 miles away1.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £140,000

December 11, 2024

Floor Plans

Description

Chain-Free Sale: Move In Without The Hassle? This Home Is Ready And Waiting For You! +
Stylish And Modern Interior Design, With No Need For Updates? Just Move In And Enjoy +
Gorgeous Three Bed Semi Detached Home Situated In A Sought-After Neighbourhood, Enjoy Easy Access To Local Amenities, Schools, And Transport Links +
Constructed In 2017 - Enjoy Peace Of Mind, Still Under A 10-Year Guarantee +
With Driveway to the Front of the Property and Additional Garage Proving All Important Off Street Parking & Storage +
Master Bedroom with En-Suite Shower Room +

On The Hunt For Your Dream Starter Home? This Stylish Semi-Detached Gem Could Be The One! With Three Bedrooms And A Master Suite with En-Suite, There's Room For Everyone. Move Right In—No Renovations Needed. Enjoy Trendy Decor, A Chic Kitchen/Diner And A Great Sized Garden Perfect For Family Gatherings. Plus, A Handy Driveway And Garage Adds To The Convenience. Experience Hassle-Free, Chain-Free, Modern Living—Schedule Your Viewing Today And Claim This Beauty As Your Own!

EPC Rating: B

Agent Details

G.R. Estates, Stockton-on-Tees

01642 378022

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed House, Refurb/BRRR, Middlesbrough, TS6 9PY

£70,000

2 views • 2 months ago • 68 m²

3 Bed House, Refurb/BRRR, Middlesbrough, TS6 0AR

£95,000

a year ago • 97 m²

3 Bed House, Refurb/BRRR, Middlesbrough, TS6 0EP

£179,950

3 months ago • 93 m²