2 Bed Semi-Detached House, Single Let, Middlesbrough, TS3 7ED, £75,000

Olney Walk, Middlesbrough, TS3 7ED - 3 views - 4 months ago

Sold STC
BTL
ROI: 15%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£53K - £225K
Sold Prices/m²£757/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£89,163
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£605 - £895

Rent Estimate

£656

Running Costs/mo

£386

Cashflow/mo

£270

Cashflow/yr

£3,245

ROI

15%

Gross Yield

10%

Local Sold Prices

50 sold prices from £53K to £225K, average is £85K. £757/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£87.5K10/210.15 mi13, Bramwith Avenue, Middlesbrough TS3 7HG2
£57.5K04/210.16 mi1, Marrick Road, Middlesbrough TS3 7RX2
£72K07/230.16 mi57, Evesham Road, Middlesbrough TS3 7EN2
£68K01/210.18 mi11, Downham Avenue, Middlesbrough TS3 7EY2
£63K05/210.19 mi6, Kelvin Grove, Middlesbrough TS3 7RS2
£83K07/210.2 mi8, Kelsall Close, Middlesbrough TS3 0DH2
£61K03/210.22 mi11, Kelvin Grove, Middlesbrough TS3 7RU2
£75K06/210.22 mi16, Sandringham Road, Middlesbrough TS3 0DE2
£75K10/210.29 mi30, Rossett Walk, Middlesbrough TS3 7LS2
£98K12/220.3 mi6, Brancepeth Avenue, Middlesbrough TS3 7NB2
£80K04/230.31 mi3, Newlyn Green, Middlesbrough TS3 0DU2
£119K01/230.35 mi22, Radnor Green, Middlesbrough TS3 0EA2
£60K04/210.35 mi28, Radnor Green, Middlesbrough TS3 0EA2
£94K07/210.45 mi107, Windleston Drive, Middlesbrough TS3 0BN2
£70K04/230.47 mi23, Skelwith Road, Middlesbrough TS3 7PT2
£81K12/220.48 mi19, Cannock Road, Middlesbrough TS3 7NU2
£72.5K03/230.49 mi29, Overdale Road, Middlesbrough TS3 7DP2
£125K01/230.51 mi65, Norfolk Crescent, Middlesbrough TS3 0LZ2
£103K11/220.53 mi42, Crossfell Road, Middlesbrough TS3 7PX2
£120K03/210.54 mi27, Balmoral Road, Middlesbrough TS3 0NF2
£105K12/220.56 mi2, Gilling Walk, Middlesbrough TS3 7PG2
£70K06/210.57 mi2, Chevin Walk, Middlesbrough TS3 7QD2
£225K06/230.58 mi39, Scholars Rise, Middlesbrough TS4 3RP2
£85K06/230.59 mi11, Brigham Road, Middlesbrough TS3 7DG2
£88K05/210.62 mi88, Middlebeck Close, Middlesbrough TS3 8RG2
£105K02/210.67 mi56, Bournemouth Avenue, Middlesbrough TS3 0NR2
£78.5K04/230.68 mi146, Ingram Road, Middlesbrough TS3 7BU2
£116K04/210.69 mi3, Bournemouth Avenue, Middlesbrough TS3 0NH2
£102.5K02/210.69 mi19, Bournemouth Avenue, Middlesbrough TS3 0NH2
£81K04/210.7 mi13, Leamington Grove, Middlesbrough TS3 0PH2
£75K10/210.7 mi129, Ingram Road, Middlesbrough TS3 7BX2
£82.5K07/210.7 mi9, Westerdale Road, Middlesbrough TS3 7RQ2
£82.5K08/210.73 mi10, Eastbourne Gardens, Middlesbrough TS3 0PD2
£66K02/210.74 mi23, Hoskins Way, Middlesbrough TS3 8NJ2
£110K06/210.77 mi7, Park Avenue South, Middlesbrough TS3 0PB2
£120K07/210.79 mi4, Stanhope Gardens, Middlesbrough TS4 2QA2
£53K03/210.8 mi29, Albourne Green, Middlesbrough TS4 3NA2
£85K08/210.81 mi11, Newington Road, Middlesbrough TS4 3ED2
£75K01/230.82 mi26, Delarden Road, Middlesbrough TS3 8JR2
£86K04/210.82 mi2, Cadwell Close, Middlesbrough TS3 0QE2
£82K08/220.85 mi178, Roseberry Road, Middlesbrough TS4 2QF2
£168K11/230.89 mi2, Church Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AN2
£89K05/230.9 mi53, Newington Road, Middlesbrough TS4 3EL2
£167.5K05/230.91 mi6, North Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BW2
£152.5K05/220.93 mi11, Sunley Avenue, Middlesbrough TS4 2PR2
£149.9K04/220.93 mi9, Sunley Avenue, Middlesbrough TS4 2PR2
£69K12/200.94 mi140, The Greenway, Middlesbrough TS3 9NU2
£123.5K07/230.95 mi10, Deighton Road, Middlesbrough TS4 3QR2
£171K06/230.97 mi6, Dew Lane, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AR2
£128K09/210.98 mi3, South Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BP2

Local Rents

12 rents from £605/mo to £895/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75012/240.18 mi-2
£65005/240.19 mi-2
£69507/240.26 mi-2
£89504/250.36 mi-2
£75012/240.45 mi-2
£60505/240.54 mi-2
£67508/240.55 mi-2
£79911/230.56 mi-2
£79511/230.6 mi-2
£80506/240.6 mi-2
£75002/240.6 mi-2
£79009/230.6 mi-2

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £75,000

December 18, 2024

Sold for £61,000

2020

Floor Plans

Description

  • Two spacious bedrooms. +
  • First-time buyer-friendly. +
  • No onward chain for a hassle-free purchase. +
  • Opportunity to modernise and personalise. +
  • Semi-detached with private garden. +
  • Convenient location close to amenities. +

About this property… This two-bedroom semi-detached house is perfect for first-time buyers or those looking for a lucrative rental opportunity. Boasting a modern kitchen and neutral colours throughout, this home offers a stylish yet versatile space, providing the perfect blank canvas to tailor to your taste. This property seamlessly blends convenience and potential, making it an excellent investment or a welcoming place to call home. Entrance Hallway PVCu double-glazed entry door with staircase to the first floor and storage beneath. Living room Front aspect PVCu double-glazed window. Dining room Rear aspect PVCu double-glazed window. Kitchen Comprising a smart range of fitted base and wall units with matching work surfaces and coordinated tiled splashbacks. Appliances to include: stainless steel sink with a drainer and mixer tap; single electric oven; four-ring electric hob with an extractor hood above. Space and plumbing for a washing machine. PVCu double-glazed doors open onto the rear garden. First floor Bedroom one Built-in storage and front aspect PVCu double-glazed window. Bedroom two Rear aspect PVCu double-glazed window. Bathroom White suite comprising: pedestal wash hand basin with mixer tap; panelled bath with a wall-mounted mains shower above; and close coupled WC with button flush. Chrome heated towel rail. Externally Parking On-street parking. Brick outhouse Secure outside storage. Garden Mainly patio area with fenced and wall boundaries. General information Local authority: Middlesbrough Council tax band: A Tenure: Freehold Disclaimer Harvey Brooks Properties Ltd (the Company). The Company for itself and for the vendor(s) or lessor(s) of this property for whom it acts as Agents gives notice that: (i) The particulars are a general outline only for the guidance of intending purchasers or lessees and do not constitute an offer or contract (ii) All descriptions are given in good faith and are believed to be correct, but any prospective purchasers or lessees should not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness (iii) All measurements of rooms contained within these particulars should be taken as approximate and it is the responsibility of the prospective purchaser or lessee or his professional advisor to determine the exact measurements and details as required prior to Contract (iv) None of the property's services or service installations have been tested and are not warranted to be in working order (v) No employee of the Company has any authority to make or give any representation or warranty whatsoever in relation to the property.

Agent Details

Harvey Brooks, Marton

01642 056339

Next Steps?

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