3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 6AS, £115,000

Ayresome Park Road, Middlesbrough, TS5 6AS - 9 views - 4 months ago

Sold STC

Refurb/BRRR

ROI: 3%

~93 m²

+12 photos

ValuationOvervalued

Sold Prices	£28K - £140K
Sold Prices/m²	£354/m² - £1.7K/m²

Square Metres	~93 m²
Price/m²	£1.2K/m²
Value Estimate	£86,451£86,451

End Value (After Refurb)	£108,500£108,500

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£28,750£28,750
Stamp Duty & Legal Fees	£4,650£4,650
Refurb Costs	£36,697£36,697
Bridging Loan Interest	£3,019£3,019
Total Cash In	£74,866£74,866

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£108,500£108,500
Mortgage (After Refinance)	£81,375£81,375
Mortgage LTV	75%75%
Cash Left In	£74,866£74,866
Equity	£27,125£27,125
Rent Range	£260 - £1,235£260 - £1,235
Rent Estimate	£703
Running Costs/mo	£500£500
Cashflow/mo	£203£203
Cashflow/yr	£2,440£2,440
ROI	3%3%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £28K to £140K, average is £99.5K. £354/m² to £1.7K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£97K	09/21	0 mi	78, Ayresome Park Road, Middlesbrough TS5 6AS	£1,000	97	3	Terraced House
£84K	01/21	0 mi	66, Ayresome Park Road, Middlesbrough TS5 6AS	£884	95	3	Terraced House
£58K	02/21	0.05 mi	47, Clive Road, Middlesbrough TS5 6BH	£753	77	3	Terraced House
£88K	12/20	0.07 mi	28, Ayresome Park Road, Middlesbrough TS5 6AR	£822	107	3	Terraced House
£86K	11/20	0.12 mi	36, Addison Road, Middlesbrough TS5 6BB	£935	92	3	Terraced House
£81K	07/23	0.12 mi	17, Caxton Street, Middlesbrough TS5 6AH	-	-	3	Terraced House
£82K	01/23	0.12 mi	8, Caxton Street, Middlesbrough TS5 6AH	£1,090	75	3	Terraced House
£127.5K	12/23	0.14 mi	10, Lewis Road, Middlesbrough TS5 6EW	£1,238	103	3	Terraced House
£97K	12/20	0.14 mi	20, Lewis Road, Middlesbrough TS5 6EW	£1,244	78	3	Terraced House
£105K	11/20	0.14 mi	21, Lewis Road, Middlesbrough TS5 6EW	£1,167	90	3	Terraced House
£121.5K	09/23	0.14 mi	12, Lewis Road, Middlesbrough TS5 6EW	£1,578	77	3	Terraced House
£77.5K	11/20	0.15 mi	33, The Turnstile, Middlesbrough TS5 6BY	£1,187	65	3	Terraced House
£94K	01/24	0.16 mi	25a, Chipchase Road, Middlesbrough TS5 6DD	-	-	3	Terraced House
£107K	10/21	0.16 mi	94, St Barnabas Road, Middlesbrough TS5 6BA	-	-	3	Terraced House
£104K	05/21	0.17 mi	25, Latham Road, Middlesbrough TS5 6EH	£1,195	87	3	Semi-Detached House
£95K	08/23	0.17 mi	19, Ayresome Street, Middlesbrough TS1 4NL	-	-	3	Terraced House
£75K	06/21	0.17 mi	49, Ayresome Street, Middlesbrough TS1 4NL	£694	108	3	Terraced House
£80K	02/21	0.18 mi	77, Ayresome Street, Middlesbrough TS1 4NR	£690	116	3	Terraced House
£124K	05/24	0.18 mi	41, Chipchase Road, Middlesbrough TS5 6EL	£1,333	93	3	Terraced House
£110K	09/23	0.19 mi	8, Osborne Road, Middlesbrough TS5 6EQ	£940	117	3	Terraced House
£102K	04/23	0.2 mi	16, Gorman Road, Middlesbrough TS5 6ES	-	-	3	Terraced House
£122.5K	06/23	0.2 mi	93, Tavistock Road, Middlesbrough TS5 6ER	£1,424	86	3	Terraced House
£117K	11/23	0.21 mi	93, Maddren Way, Middlesbrough TS5 5BD	-	-	3	Terraced House
£70K	08/21	0.21 mi	51, Worcester Street, Middlesbrough TS1 4NS	£721	97	3	Terraced House
£60K	07/21	0.21 mi	75, Worcester Street, Middlesbrough TS1 4NS	£706	85	3	Terraced House
£128K	04/21	0.22 mi	25, Devonshire Road, Middlesbrough TS5 6DL	£1,174	109	3	Terraced House
£138.5K	08/23	0.22 mi	31, Devonshire Road, Middlesbrough TS5 6DL	£1,226	113	3	Terraced House
£110K	09/23	0.22 mi	15, Devonshire Road, Middlesbrough TS5 6DJ	£924	119	3	Terraced House
£134K	03/21	0.22 mi	37, Devonshire Road, Middlesbrough TS5 6DL	£1,000	134	3	Terraced House
£58K	11/20	0.22 mi	59, Warwick Street, Middlesbrough TS1 4PA	£744	78	3	Terraced House
£140K	01/23	0.23 mi	49, Devonshire Road, Middlesbrough TS5 6DN	£1,505	93	3	Terraced House
£28K	11/20	0.24 mi	48, Aire Street, Middlesbrough TS1 4PG	£354	79	3	Terraced House
£40K	04/21	0.24 mi	58, Aire Street, Middlesbrough TS1 4PG	£615	65	3	Terraced House
£135K	01/21	0.24 mi	22, Devonshire Road, Middlesbrough TS5 6DP	£1,098	123	3	Terraced House
£127K	09/23	0.24 mi	52, Devonshire Road, Middlesbrough TS5 6DP	£1,144	111	3	Terraced House
£105K	05/21	0.24 mi	6, Canterbury Grove, Middlesbrough TS5 6NS	-	-	3	Terraced House
£97K	03/21	0.24 mi	83, Clough Close, Middlesbrough TS5 5ET	£1,426	68	3	Terraced House
£118K	12/23	0.24 mi	99, Clough Close, Middlesbrough TS5 5ET	£1,710	69	3	Terraced House
£137K	12/21	0.26 mi	102, Westminster Road, Middlesbrough TS5 6NP	-	-	3	Semi-Detached House
£82K	05/21	0.26 mi	76, Westminster Road, Middlesbrough TS5 6NP	£1,038	79	3	Terraced House
£80K	02/23	0.26 mi	21, Queens Road, Middlesbrough TS5 6EF	£777	103	3	Terraced House
£45K	09/23	0.27 mi	69, Crescent Road, Middlesbrough TS1 4QP	-	-	3	Terraced House
£64K	05/21	0.27 mi	66, Harford Street, Middlesbrough TS1 4PP	£915	70	3	Terraced House
£73K	04/21	0.27 mi	65, Westminster Road, Middlesbrough TS5 6NR	£849	86	3	Terraced House
£140K	10/21	0.28 mi	20, Queens Road, Middlesbrough TS5 6EE	£1,284	109	3	Terraced House
£56K	08/21	0.28 mi	153, Ayresome Street, Middlesbrough TS1 4PX	£659	85	3	Terraced House
£114K	12/20	0.3 mi	45, Lambeth Road, Middlesbrough TS5 6ED	£1,226	93	3	Terraced House
£125K	12/22	0.31 mi	14, Chelmsford Road, Middlesbrough TS5 6PH	£1,524	82	3	Terraced House
£135K	12/23	0.31 mi	34, Lambeth Road, Middlesbrough TS5 6EB	-	-	3	Terraced House
£112.5K	05/21	0.32 mi	1, Chelmsford Road, Middlesbrough TS5 6PH	£1,172	96	3	Semi-Detached House

Local Rents

41 rents from £260/mo to £1.2K/mo, average is £745/mo.

Rent	Date	Distance	Address	Beds	Type
£850	03/25	0.03 mi	-	3	Terraced House
£850	10/24	0.06 mi	-	3	Terraced House
£695	02/25	0.16 mi	-	3	Terraced House
£750	03/25	0.19 mi	-	3	Terraced House
£750	03/25	0.19 mi	-	3	Terraced House
£825	10/24	0.24 mi	Clough Close, Middlesbrough	3	Terraced House
£675	04/25	0.25 mi	-	3	Terraced House
£650	10/24	0.27 mi	Harford Street, Middlesbrough	3	Terraced House
£1,000	03/25	0.27 mi	-	3	Terraced House
£880	10/24	0.3 mi	-	3	Terraced House
£950	01/25	0.34 mi	-	3	Terraced House
£750	10/24	0.34 mi	2 Harford Street, Middlesbrough, North Yorkshire, TS1	3	Terraced House
£745	02/25	0.36 mi	-	3	Flat
£575	02/24	0.38 mi	-	3	Terraced House
£750	01/25	0.38 mi	-	3	Terraced House
£780	10/24	0.39 mi	-	3	Terraced House
£780	10/24	0.39 mi	Gresham Road, Middlesbrough, TS1	3	Terraced House
£260	10/24	0.41 mi	Gresham Road, Middlesbrough	3	Terraced House
£725	10/24	0.41 mi	Longford Street, Middlesbrough	3	Terraced House
£695	03/25	0.42 mi	-	3	Terraced House
£1,200	10/24	0.42 mi	Albert Terrace, Middlesbrough	3	Flat
£850	10/24	0.42 mi	-	3	Semi-Detached House
£795	02/24	0.42 mi	-	3	Terraced House
£525	10/24	0.43 mi	Stowe Street, Middlesbrough, TS1	3	Flat
£525	10/24	0.43 mi	Stowe Street, Middlesbrough, TS1	3	Flat
£525	10/24	0.43 mi	Stowe Street, Middlesbrough, TS1	3	Flat
£525	10/24	0.43 mi	Falkland Street, Middlesbrough, TS1 4JH	3	Terraced House
£800	02/24	0.44 mi	-	3	Terraced House
£455	10/24	0.46 mi	Gresham Road, Middlesbrough	3	Flat
£765	09/24	0.47 mi	-	3	Semi-Detached House
£390	10/24	0.48 mi	62, Outram Street, Middlesbrough, TS1	3	Terraced House
£700	03/25	0.49 mi	-	3	Terraced House
£795	01/25	0.49 mi	-	3	Terraced House
£950	10/24	0.49 mi	Percy Street, Middlesbrough, TS1	3	Flat
£1,235	12/24	0.52 mi	-	3	Terraced House
£450	10/24	0.52 mi	Albany Street, Middlesbrough, TS1 4DB	3	Terraced House
£477	10/24	0.53 mi	Portman Street, Middlesbrough, North Yorkshire, TS1	3	Flat
£477	10/24	0.53 mi	Portman Street, Middlesbrough, North Yorkshire, TS1	3	Flat
£477	10/24	0.53 mi	Portman Street, Middlesbrough, North Yorkshire, TS1	3	Flat
£700	10/24	0.56 mi	Nesham Road, Middlesbrough, North Yorkshire, TS1	3	Flat
£745	03/25	0.57 mi	-	3	Semi-Detached House

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.28 miles away2.28 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.18 miles away1.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £115,000

December 18, 2024

Floor Plans

Description

NO ONWARD CHAIN +
THREE BEDROOMS +
TWO RECEPTION ROOMS +
GAS CENTRAL HEATING VIA COMBI BOILER +
UPVC DOUBLE GLAZING +
POPULAR LINTHORPE LOCATION +

Clarke Munro welcome to the market this spacious mid terrace property in popular Linthorpe surroundings. This lovely home has great proportions and is priced to reflect modernisation needed. Internally, briefly comprising Entrance hall, dining room which opens into lounge with lovely bay window. The kitchen is fitted with a range of matching wall and base units. The first floor has three great sized bedrooms and bathroom w/c with white 3 piece suite. Externally, an enclosed rear yard. This property is also offered with the advantage of no onward chain.

Agent Details

Clarke Munro, Middlesbrough

01642 056909

Next Steps?

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3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 6AS, £115,000

ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

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