3 Bed Semi-Detached House, Refurb/BRRR, Stockton-on-Tees, TS18 5BW, £230,000

Brisbane Grove, Hartburn, TS18 5BW - 4 views - 3 months ago

Sold STC

Refurb/BRRR

~93 m²

+13 photos

ValuationOvervalued

Sold Prices	£65.4K - £457.5K
Sold Prices/m²	£735/m² - £4.1K/m²

Square Metres	~93 m²
Price/m²	£2.5K/m²
Value Estimate	£164,071£164,071

End Value (After Refurb)	£230,000£230,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£8,100£8,100
Refurb Costs	£36,800£36,800
Bridging Loan Interest	£6,038£6,038
Total Cash In	£110,188£110,188

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£230,000£230,000
Mortgage (After Refinance)	£172,500£172,500
Mortgage LTV	75%75%
Cash Left In	£110,188£110,188
Equity	£57,500£57,500
Rent Range	£525 - £1,400£525 - £1,400
Rent Estimate	£765
Running Costs/mo	£892£892
Cashflow/mo	£-127£-127
Cashflow/yr	£-1,521£-1,521
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £65.4K to £457.5K, average is £197.5K. £735/m² to £4.1K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	03/23	0.02 mi	28, Brisbane Grove, Stockton-on-tees TS18 5BW	£2,411	112	3	Semi-Detached House
£220K	12/20	0.02 mi	17, Brisbane Grove, Stockton-on-tees TS18 5BW	£2,500	88	3	Semi-Detached House
£261K	04/24	0.02 mi	17, Brisbane Grove, Stockton-on-tees TS18 5BW	£2,966	88	3	Semi-Detached House
£200K	11/20	0.06 mi	9, Ingleby Grove, Stockton-on-tees TS18 5AX	£2,174	92	3	Semi-Detached House
£148K	03/24	0.06 mi	21, Ingleby Grove, Stockton-on-tees TS18 5AX	£1,663	89	3	Semi-Detached House
£245K	11/23	0.07 mi	11, Canberra Grove, Stockton-on-tees TS18 5EL	£3,063	80	3	Semi-Detached House
£168K	10/20	0.09 mi	2, Queensland Grove, Stockton-on-tees TS18 5EN	£1,806	93	3	Semi-Detached House
£173.5K	06/23	0.09 mi	4, Seamer Grove, Stockton-on-tees TS18 5AU	-	-	3	Semi-Detached House
£205K	12/23	0.12 mi	69, Bromley Road, Stockton-on-tees TS18 4HD	£2,278	90	3	Semi-Detached House
£200K	11/23	0.12 mi	37, Bromley Road, Stockton-on-tees TS18 4HD	£1,869	107	3	Semi-Detached House
£245K	11/20	0.12 mi	31, Darlington Road, Stockton-on-tees TS18 5EJ	£1,976	124	3	Detached House
£195K	01/24	0.12 mi	18, Bromley Road, Stockton-on-tees TS18 4HE	-	-	3	Semi-Detached House
£170K	07/23	0.14 mi	31, Kilburn Road, Stockton-on-tees TS18 4HA	£1,809	94	3	Semi-Detached House
£251K	02/21	0.14 mi	34, Kilburn Road, Stockton-on-tees TS18 4HA	£1,806	139	3	Semi-Detached House
£212K	10/21	0.16 mi	5a, Darlington Road, Hartburn, Stockton-on-tees TS18 5BG	£2,382	89	3	Detached House
£250K	02/21	0.16 mi	30, Hartburn Village, Stockton-on-tees TS18 5EB	£1,623	154	3	Terraced House
£177.5K	08/21	0.16 mi	33, Crayke Road, Stockton-on-tees TS18 4EY	£1,599	111	3	Semi-Detached House
£185K	01/21	0.16 mi	18, Crayke Road, Stockton-on-tees TS18 4EY	£1,927	96	3	Semi-Detached House
£140K	08/23	0.17 mi	49, Laneside Road, Stockton-on-tees TS18 5AS	£1,556	90	3	Semi-Detached House
£155K	10/23	0.17 mi	9, Laneside Road, Stockton-on-tees TS18 5AS	£1,812	86	3	Semi-Detached House
£157.5K	06/21	0.17 mi	52, Kilburn Road, Stockton-on-tees TS18 4EZ	-	-	3	Semi-Detached House
£165K	05/21	0.17 mi	48, Kilburn Road, Stockton-on-tees TS18 4EZ	£1,780	93	3	Semi-Detached House
£210K	06/23	0.19 mi	7, Stonecrop Close, Stockton-on-tees TS18 5HU	£2,333	90	3	Semi-Detached House
£155K	06/23	0.21 mi	61, Greens Beck Road, Stockton-on-tees TS18 5AP	-	-	3	Semi-Detached House
£191K	10/20	0.21 mi	39, Hartburn Village, Stockton-on-tees TS18 5DY	£1,504	127	3	Terraced House
£205K	12/20	0.21 mi	50, Hartburn Avenue, Stockton-on-tees TS18 4EX	£1,847	111	3	Semi-Detached House
£457.5K	10/23	0.22 mi	107, Hartburn Village, Stockton-on-tees TS18 5DW	£3,466	132	3	Bungalow
£270K	11/20	0.23 mi	2, Spring Way, Stockton-on-tees TS18 5DZ	£2,523	107	3	Detached House
£230K	04/21	0.24 mi	7, Hartburn Avenue, Stockton-on-tees TS18 4ES	£1,825	126	3	Semi-Detached House
£195K	08/21	0.24 mi	12, Quebec Road, Stockton-on-tees TS18 5DX	-	-	3	Semi-Detached House
£190K	10/20	0.24 mi	14, Quebec Road, Stockton-on-tees TS18 5DX	£2,436	78	3	Semi-Detached House
£117K	05/21	0.25 mi	49, Greens Beck Road, Stockton-on-tees TS18 5AR	£1,410	83	3	Semi-Detached House
£117K	05/21	0.25 mi	49, Greens Beck Road, Stockton-on-tees TS18 5AR	£1,410	83	3	Semi-Detached House
£101.5K	01/21	0.25 mi	9, Greens Beck Road, Stockton-on-tees TS18 5AR	£1,015	100	3	Semi-Detached House
£152.5K	09/21	0.25 mi	24, Greens Beck Road, Stockton-on-tees TS18 5AR	£1,640	93	3	Semi-Detached House
£290K	10/20	0.27 mi	2, Burnside Grove, Stockton-on-tees TS18 4ET	£2,685	108	3	Detached House
£278K	01/24	0.27 mi	17, Burnside Grove, Stockton-on-tees TS18 4ET	£4,149	67	3	Detached House
£155K	07/23	0.27 mi	2, Coxwold Road, Stockton-on-tees TS18 4HX	£1,802	86	3	Semi-Detached House
£308K	08/23	0.27 mi	9, Harlsey Road, Stockton-on-tees TS18 5DL	£2,309	133	3	Semi-Detached House
£65.4K	05/21	0.28 mi	18, Hillcrest Avenue, Stockton-on-tees TS18 5AF	£735	89	3	Semi-Detached House
£183K	06/21	0.29 mi	32, Highfield Crescent, Stockton-on-tees TS18 5HJ	£1,914	96	3	Semi-Detached House
£170K	09/21	0.31 mi	10, Oulston Road, Stockton-on-tees TS18 4HT	-	-	3	Semi-Detached House
£455K	11/23	0.33 mi	The Poplars, Greens Lane, Stockton-on-tees TS18 5HX	£2,898	157	3	Detached House
£172K	11/22	0.34 mi	24, Springfield Avenue, Stockton-on-tees TS18 4EH	-	-	3	Detached House
£288K	03/21	0.34 mi	24, Jesmond Grove, Stockton-on-tees TS18 5ES	£1,858	155	3	Semi-Detached House
£250K	12/23	0.34 mi	8, Hazeldene Avenue, Stockton-on-tees TS18 4EJ	£2,475	101	3	Semi-Detached House
£158K	11/20	0.34 mi	8, Hazeldene Avenue, Stockton-on-tees TS18 4EJ	£1,564	101	3	Semi-Detached House
£350K	09/23	0.35 mi	58, Hartburn Lane, Stockton-on-tees TS18 4EW	-	-	3	Detached House
£225K	10/21	0.36 mi	46, Marrick Road, Stockton-on-tees TS18 5LR	-	-	3	Detached House
£229K	04/23	0.36 mi	24, Waltham Avenue, Stockton-on-tees TS18 5AE	-	-	3	Semi-Detached House

Local Rents

35 rents from £525/mo to £1.4K/mo, average is £775/mo.

Rent	Date	Distance	Address	Beds	Type
£600	10/24	0.44 mi	Hampton Road, Oxbridge, Stockton, TS18 4DU	3	Terraced House
£1,150	10/24	0.51 mi	Dunedin Avenue, Stockton-on-Tees	3	Detached House
£625	10/23	0.53 mi	-	3	Terraced House
£925	10/24	0.66 mi	Carina Crescent, Stockton-on-Tees	3	Detached House
£950	02/25	0.7 mi	-	3	Terraced House
£825	10/24	0.71 mi	-	3	Semi-Detached House
£600	03/25	0.72 mi	-	3	Terraced House
£595	10/24	0.73 mi	Grove StreetStockton-On-TeesTS18 3JA	3	Flat
£675	10/24	0.76 mi	-	3	Semi-Detached House
£695	09/24	0.76 mi	-	3	Semi-Detached House
£695	09/24	0.76 mi	-	3	Semi-Detached House
£800	10/24	0.81 mi	-	3	Semi-Detached House
£800	10/24	0.81 mi	Hope Gardens, Stockton-On-Tees, TS18	3	Detached House
£700	10/24	0.84 mi	5 Tarring Street, Stockton-On-Tees, Durham, TS18	3	Flat
£700	10/24	0.84 mi	13 Tarring Street, Stockton-On-Tees, Durham, TS18	3	Flat
£780	10/23	0.91 mi	-	3	Terraced House
£800	02/25	0.91 mi	-	3	Terraced House
£550	10/24	0.95 mi	Honister Close, Stockton-on-tees	3	Terraced House
£775	10/24	0.97 mi	-	3	Terraced House
£1,400	02/25	0.98 mi	-	3	Detached House
£850	02/25	1 mi	-	3	Flat
£795	10/24	1.01 mi	BISHOPTON ROAD, Stockton-On-Tees, TS18 4PB	3	Detached House
£575	10/24	1.02 mi	-	3	Terraced House
£550	10/24	1.02 mi	-	3	Terraced House
£675	02/25	1.02 mi	-	3	Terraced House
£900	10/24	1.07 mi	Moorhouse Estate, Yarm Road, Eaglescliffe	3	Detached House
£525	10/24	1.07 mi	-	3	Terraced House
£825	10/24	1.1 mi	-	3	Semi-Detached House
£825	10/24	1.1 mi	-	3	Semi-Detached House
£825	11/24	1.1 mi	-	3	Semi-Detached House
£825	11/24	1.1 mi	-	3	Semi-Detached House
£825	10/24	1.1 mi	Merring Close, Stockton On Tees, TS18	3	Detached House
£750	10/24	1.19 mi	Bishopton Lane, Stockton-on-Tees	3	Terraced House
£695	10/24	1.21 mi	-	3	Terraced House
£700	01/25	1.21 mi	-	3	Terraced House

Local Area Statistics

Population in TS18	24,16124,161
Population in Stockton-on-Tees	149,709149,709
Town centre distance	1.15 miles away1.15 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental growth (12m)	-2%-2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+5%+5%

Property History

Listed for £230,000

December 11, 2024

Floor Plans

Description

Large Three Bedroom Semi-Detached House Built Circa 1933 +
Retaining Period Features +
Excellent Parking & Tandem Garage +
Mature Front & South Facing Rear Gardens +
A Simple Chain Free Purchase +
Baxi Combi Boiler +

Whilst requiring modernisation, this bay fronted semi in Hartburn represents a fantastic opportunity to create that forever home. Having many period features, good off road parking, tandem garage, a lovely south facing garden and offered with no chain should put this top of your list to view.

The accommodation flows in brief, reception hall, WC, lounge, dining/living room, kitchen, pantry, lobby, landing, three bedrooms and bathroom.

Tenure - Freehold

Council Tax Band C

Agent Details

Michael Poole, Stockton On Tees

01642 937375

Next Steps?

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