Potential 4-Bed HMO, Middlesbrough, TS1 3HP, £120,000

179 Victoria Road, Middlesbrough, TS1 3HP - 10 views - 4 months ago

Sold STC
HMO
ROI: 18%
87 m²
+8 photos

ValuationOvervalued

Sold Prices£42K - £150K
Sold Prices/m²£522/m² - £1.9K/m²

 

 

Square Metres

87 m²
Price/m²£1.4K/m²

Value Estimate

£93,727

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Room Rate

£416

Gross Rent

£1,664

Running Costs/mo

£1,139

Cashflow/mo

£525

Cashflow/yr

£6,305

ROI

18%

Gross Yield

17%

Local Sold Prices

50 sold prices from £42K to £150K, average is £92.5K. £522/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£99K10/200.08 mi227, Marton Road, Middlesbrough TS4 2ES3
£57.5K11/220.15 mi30, Egerton Street, Middlesbrough TS1 3LT3
£111K10/200.15 mi1a, Egmont Road, Middlesbrough TS4 2HT3
£85K07/230.15 mi5, Egmont Road, Middlesbrough TS4 2HT3
£135K10/230.15 mi4, Egmont Road, Middlesbrough TS4 2HT3
£45K10/230.15 mi30, Egmont Road, Middlesbrough TS4 2HY3
£60K03/240.15 mi25, Egmont Road, Middlesbrough TS4 2HY3
£65K10/210.17 mi10, Stamford Street, Middlesbrough TS1 3EW3
£70K10/210.17 mi14, Stamford Street, Middlesbrough TS1 3EW3
£55K01/230.19 mi116, Park Lane, Middlesbrough TS1 3LL3
£87K10/200.19 mi73, Lothian Road, Middlesbrough TS4 2HL3
£78K01/210.2 mi5, Myrtle Street, Middlesbrough TS1 3EB3
£77.5K02/210.23 mi41, Wellesley Road, Middlesbrough TS4 2DQ3
£85K01/240.23 mi68, Wellesley Road, Middlesbrough TS4 2DQ3
£87.5K05/240.23 mi59, Wellesley Road, Middlesbrough TS4 2DQ3
£70K11/220.24 mi33, Acton Street, Middlesbrough TS1 3NA3
£138K01/230.26 mi34, Bridgewater Court, Middlesbrough TS4 2GE3
£130K10/230.26 mi11, Bridgewater Court, Middlesbrough TS4 2GE3
£62K03/210.3 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£93K10/210.3 mi23, Saltwells Crescent, Middlesbrough TS4 2DX3
£71K05/210.3 mi64, Saltwells Road, Middlesbrough TS4 2DZ3
£95K01/230.3 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£122K02/230.31 mi11, St Johns Close, Middlesbrough TS4 2FG3
£92K04/210.32 mi63, Lytton Street, Middlesbrough TS4 2DD3
£82K12/230.32 mi137, Saltwells Road, Middlesbrough TS4 2DT3
£89K03/230.32 mi83, Saltwells Road, Middlesbrough TS4 2DT3
£137.5K11/220.34 mi24, Lansdowne Road, Middlesbrough TS4 2LN3
£120K02/230.34 mi123, Saltwells Road, Middlesbrough TS4 2DT3
£135K05/230.35 mi21, Palin Close, Middlesbrough TS4 2FF3
£110K02/210.35 mi7, Manitoba Gardens, Middlesbrough TS4 2NJ3
£101K11/200.35 mi16, Saltwater Court, Middlesbrough TS4 2AQ3
£75K03/210.35 mi6, Manitoba Gardens, Middlesbrough TS4 2NJ3
£150K10/230.36 mi27, Lansdowne Road, Middlesbrough TS4 2LW3
£125K06/230.36 mi11, Lansdowne Road, Middlesbrough TS4 2LW3
£116K10/210.36 mi25, Ingleby Road, Middlesbrough TS4 2JU3
£109.5K03/230.36 mi3, Ingleby Road, Middlesbrough TS4 2JU3
£125K11/220.37 mi324, Marton Road, Middlesbrough TS4 2NU3
£87K10/200.37 mi5, Vancouver Gardens, Middlesbrough TS4 2NH3
£135K08/210.38 mi8, Marathon Court, Middlesbrough TS4 2WE3
£42K08/210.4 mi28, Montrose Street, Middlesbrough TS1 2HU3
£51K08/210.4 mi34, Alphonsus Street, Middlesbrough TS3 6DZ3
£102K11/230.42 mi30, Ottawa Road, Middlesbrough TS4 2ND3
£109K10/200.42 mi53, Nut Lane, Middlesbrough TS4 2NF3
£89K01/210.42 mi25, Nut Lane, Middlesbrough TS4 2NF3
£140K10/220.42 mi47, Nut Lane, Middlesbrough TS4 2NF3
£148K11/230.42 mi1, Bilsdale Road, Middlesbrough TS4 2LQ3
£115K09/220.42 mi11, Bilsdale Road, Middlesbrough TS4 2LQ3
£101K11/200.45 mi382, Marton Road, Middlesbrough TS4 2NU3
£85K02/210.45 mi352, Marton Road, Middlesbrough TS4 2NU3
£90K05/230.46 mi4, Albert Terrace, Middlesbrough TS1 3PB3

Local Area Statistics

Population in TS1

16,984

Population in Middlesbrough

189,245

Town centre distance

1.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £120,000

December 12, 2024

Sold for £62,000

2014

Floor Plans

Description

  • A Modern Three Bedroom, Three Storey Home +
  • Two Large Separate Reception Rooms +
  • Modern Kitchen & Separate Utility Room +
  • Two Bathrooms/WC's +
  • New Combination Boiler Central Heating System & Electrical Consumer Unit +
  • A Perfect Investment Buy To Let Or HMO +
  • Situated Just Minutes Walk From Teesside University +
  • Available To View Now - 360 Degree Virtual Tour Available Above +

A Modern Refurbished 3-Bedroom Property Minutes Walk From Teesside University In The Heart Of Middlesbrough, Offering Updated Combi Boiler, RCD Consumer Electrics, Double Glazing, Modern Kitchen, Three Bedrooms And Two Bathrooms/WC Over Three Floors.

Property Details - Exciting opportunity alert! Offered for sale with PH estate agents, this modern 3-bedroom three-storey home is a dream come true for those looking to move in or capitalize on the rental market. Whether you're seeking your own residence or a savvy HMO student let investment, this property ticks all the boxes.

Perfectly located just a stone's throw away from Teesside University in the vibrant heart of Middlesbrough, this residence promises convenience and comfort for students and investors alike.

Step inside to discover an updated interior that welcomes you with two separate reception rooms, setting the stage for versatile living spaces. The modern white kitchen, utility room, and ground floor WC provide practicality and ease for everyday living.

Ascending to the first floor, you'll find two spacious double bedrooms and a well-appointed bathroom/WC, offering privacy and relaxation. The journey continues to the second floor, where a third double bedroom awaits, providing ample space and flexibility. Externally there is on road parking to front and an enclosed yard to rear.

The property benefits from a new combination boiler central heating/water system, an updated RCD electrical consumer unit and UPVC double glazed windows/multi-locking external doors to front and rear.

Viewings and offers are welcomed - A 360-degree virtual tour is also available to see above.

Council tax band A / awaiting EPC energy rating / this is a freehold property / mains utilities and sewerage with no known rights of way affecting this property.

Broadband and telephone provisions, various mobile coverage and TV services are available within the property - Please consult your supplier for further information on speed and cost.

Entrance Hall - With a UPVC multi-locking external door into hall, doors to living and dining room and stairs to first floor.

Living Room - 3.28 x 3.60 (10'9" x 11'9") - Situated to the front aspect with UPVC double glazed bay window.

Dining Room - 3.30 x 3.23 (10'9" x 10'7") - Situated to the rear aspect with UPVC double glazed window, under stairs storage cupboard and door to kitchen.

Kitchen - 3.49 x 2.05 (11'5" x 6'8") - A modern white fitted kitchen with integrated gas hob, electric oven and extractor hood, space and plumbing for a washing machine, UPVC double glazed window and door to utility.

Utility - 2.22 x 2.09 (7'3" x 6'10") - With space and power points for a large fridge/freezer and tumble dryer etc, door to WC and to rear yard.

Wc - With WC and hand wash basin.

First Floor -

Landing - 2.87 x 1.74 (9'4" x 5'8") - Doors to two double bedrooms, bathroom/WC and stairs to second floor

Bedroom One - 3.22 x 4.40 (10'6" x 14'5") - The largest of the bedrooms to the front aspect with large bay window.

Bedroom Two - 3.28 x 2.87 (10'9" x 9'4") - A second double bedroom to the rear aspect.

Bathroom/Wc - 2.17 x 2.11 (7'1" x 6'11") - A white suite bathroom comprising bath, WC and hand wash basin inset to storage unit.

Second Floor -

Bedroom Three - 3.46 x 2.13 (11'4" x 6'11") - A third double bedroom to the second floor access via fixed staircase.

Agent Details

PH Estate Agents, Middlesbrough

01642 056292

Next Steps?

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