6 Bed HMO, Middlesbrough, TS3 9LJ, £210,000

112 Birkhall Road, Middlesbrough, TS3 9LJ - 25 views - 4 months ago

Sold STC

HMO

ROI: 14%

95 m²

+14 photos

ValuationOvervalued

Sold Prices	£120K - £650K
Sold Prices/m²	£674/m² - £2.7K/m²

Square Metres	94.90 m²
Price/m²	£2.2K/m²
Value Estimate	£186,238£186,238

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£7,500£7,500
Total Cash In	£60,000£60,000

Cash Out
Room Rate	£416£416
Gross Rent	£2,496£2,496
Running Costs/mo	£1,801£1,801
Cashflow/mo	£695£695
Cashflow/yr	£8,340£8,340
ROI	14%14%
Gross Yield	14%14%

Local Sold Prices

8 sold prices from £120K to £650K, average is £442.5K. £674/m² to £2.7K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	06/23	0.87 mi	2a, Scott Road, Middlesbrough, Redcar And Cleveland TS6 0JB	£1,962	199	6	Detached House
£495K	02/21	1.81 mi	8, South Drive, Marton In Cleveland, Middlesbrough TS7 8AD	£2,676	185	6	Detached House
£525K	02/21	1.96 mi	30, Gypsy Lane, Nunthorpe, Middlesbrough, Redcar And Cleveland TS7 0DX	£2,674	196	6	Detached House
£345K	04/21	2.11 mi	59, Gypsy Lane, Nunthorpe, Middlesbrough, Redcar And Cleveland TS7 0DS	£991	348	6	Detached House
£120K	02/24	2.17 mi	6, Devonshire Road, Middlesbrough TS5 6DH	£674	178	6	Terraced House
£335K	06/21	2.24 mi	64, Roman Road, Middlesbrough TS5 5PZ	£1,269	264	6	Terraced House
£550K	03/21	2.42 mi	4, Morton Carr Lane, Nunthorpe, Middlesbrough, Redcar And Cleveland TS7 0JU	£2,321	237	6	Detached House
£650K	02/21	2.61 mi	133, Guisborough Road, Nunthorpe, Middlesbrough TS7 0JE	£2,313	281	6	Semi-Detached House

Local Area Statistics

Population in TS3	28,89028,890
Population in Middlesbrough	189,245189,245
Town centre distance	0.66 miles away0.66 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.19 miles away1.19 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £210,000

December 16, 2024

Sold for £26,000

1996

Floor Plans

Description

Investors Only +
Great Investment Opportunity - 15.89% Yield +
6 Bedroom HMO +
Additional Loft Room with Bathroom +
Ensuite Shower Rooms +
Modern Fitted Kitchen +
Communal Reception Room +
Rear Garden +
Off-Street Parking +
Easy Commuting for Students +

* INVESTORS ONLY - HMO *

We are pleased to present to the market this 6/7 bedroom house on Birkhall Road in Middlesborough.

The property is being offered to the market with no upward chain and would make a great investment opportunity.

The accommodation currently comprises: 6 double bedrooms with ensuite shower rooms, a loft room and ensuite bathroom, modern fitted kitchen and lounge/dining room.

Externally the property benefits from a rear garden and a driveway to the front for off-street parking.

The property is located in Middlesborough, within a 15-minute drive from James Cook University Hospital and within a 20-minute bus ride from Middlesborough town centre.

6 bedrooms are currently tenanted, generating a yield of 15.89%, making in a great investment opportunity.

Viewing is highly recommended to appreciate the opportunity on offer.

Agent Details

Sold.co.uk, London

020 3840 3803

Next Steps?

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