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3 Bed Terraced House, Single Let, Middlesbrough, TS6 6JH, £50,000

22 Cromwell Road, Middlesbrough, TS6 6JH - 4 months ago

Sold STC
BTL
ROI: 14%
~90 m²
+4 photos

ValuationUndervalued

Sold Prices£32K - £162.5K
Sold Prices/m²£368/m² - £2K/m²

 

 

Square Metres

~89.79 m²
Price/m²£557/m²

Value Estimate

£60,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£300 - £1,050

Rent Estimate

£450

Running Costs/mo

£266

Cashflow/mo

£184

Cashflow/yr

£2,205

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £32K to £162.5K, average is £92.5K. £368/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£53K11/220.01 mi25, Cromwell Road, South Bank, Middlesbrough, Redcar And Cleveland TS6 6JH3
£39K12/230.01 mi31, Cromwell Road, South Bank, Middlesbrough, Redcar And Cleveland TS6 6JH3
£40K08/210.01 mi6, Cromwell Road, South Bank, Middlesbrough, Redcar And Cleveland TS6 6JH3
£32K04/210.01 mi37, Cromwell Road, South Bank, Middlesbrough, Redcar And Cleveland TS6 6JH3
£45K05/230.06 mi5a, Victoria Street, South Bank, Middlesbrough, Redcar And Cleveland TS6 6JQ3
£35K09/230.09 mi130, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6SD3
£73.9K12/220.1 mi156, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6SQ3
£59K10/230.1 mi154, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6SQ3
£65K02/230.1 mi166, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 6SQ3
£35.5K04/240.11 mi78, South Terrace, Middlesbrough, Redcar And Cleveland TS6 6HJ3
£77K06/230.2 mi79, Steele Crescent, Middlesbrough, Redcar And Cleveland TS6 6QH3
£82K02/240.2 mi60, Steele Crescent, Middlesbrough, Redcar And Cleveland TS6 6QH3
£95K01/240.32 mi42, Bevanlee Road, Middlesbrough, Redcar And Cleveland TS6 6QS3
£50K04/210.32 mi50, Bevanlee Road, Middlesbrough, Redcar And Cleveland TS6 6QS3
£130K07/210.37 mi7, Beech Grove, South Bank, Middlesbrough TS6 6ST3
£77K11/200.39 mi46, Briggs Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 6XN3
£130K11/220.57 mi3, Trunk Road, Middlesbrough, Redcar And Cleveland TS6 0AB3
£117K03/230.59 mi21, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£140K01/230.6 mi24, Brunswick Avenue, Middlesbrough, Redcar And Cleveland TS6 0AD3
£100K05/230.63 mi15, Cranford Avenue, Middlesbrough, Redcar And Cleveland TS6 0AU3
£142K07/210.63 mi283, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0BA3
£110K07/210.66 mi41, Kingsway Avenue, Middlesbrough, Redcar And Cleveland TS6 0AT3
£130K08/230.68 mi15, Westbourne Grove, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AE3
£90K03/210.68 mi22, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£110K11/230.68 mi24, Belmont Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AY3
£78K03/230.7 mi57, Millbrook Avenue, Middlesbrough TS3 9DZ3
£70K06/210.72 mi112, Pallister Avenue, Middlesbrough TS3 9DN3
£162.5K01/240.72 mi305, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0AZ3
£105K05/210.73 mi75, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£105K04/230.73 mi83, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF3
£87.5K06/210.74 mi40, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AR3
£74K06/210.76 mi3, Repton Road, Middlesbrough TS3 9HH3
£120K04/210.8 mi17, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£82.5K02/210.8 mi20, The Larches, Middlesbrough, Redcar And Cleveland TS6 0DW3
£52.5K10/200.81 mi14, Cherwell Terrace, Middlesbrough TS3 9DQ3
£140K03/240.82 mi24, Braemar Grove, Middlesbrough, Redcar And Cleveland TS6 0AN3
£77K03/210.82 mi69, Rainsford Crescent, Middlesbrough TS3 9HF3
£100K04/230.82 mi10, The Greenway, Middlesbrough TS3 9NA3
£80K08/210.85 mi20, Grantley Avenue, Middlesbrough TS3 9HN3
£119K11/200.88 mi8, Hamilton Grove, Middlesbrough, Redcar And Cleveland TS6 0AH3
£68K03/210.88 mi51, Marshall Avenue, Middlesbrough TS3 9AY3
£80K01/230.89 mi10, Matford Avenue, Middlesbrough TS3 9AZ3
£101K10/210.9 mi21, Lime Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0DL3
£108K02/230.92 mi84, College Road, Middlesbrough TS3 9EP3
£138K12/200.94 mi19, Caithness Road, Middlesbrough, Redcar And Cleveland TS6 0AJ3
£125K10/210.95 mi10, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ3
£114K04/210.95 mi1, Kerry Close, Middlesbrough, Redcar And Cleveland TS6 9TG3
£140K09/220.95 mi6, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ3
£123K11/200.97 mi5, Holyhead Court, Middlesbrough, Redcar And Cleveland TS6 9TF3
£115K05/210.97 mi2, Holyhead Court, Middlesbrough, Redcar And Cleveland TS6 9TF3

Local Rents

30 rents from £300/mo to £1.1K/mo, average is £684/mo.

RentDateDistanceAddressBeds 
£50009/240.02 mi-3
£80002/240.04 mi-3
£69504/250.07 mi-3
£69309/230.16 mi-3
£55010/240.16 miHampden Street, South Bank, Middlesbrough3
£89510/240.18 mi-3
£89510/240.18 miHampden Street, South Bank, Middlesbrough, TS63
£60006/230.26 mi-3
£30003/250.27 mi-3
£75010/240.78 miMarshall Avenue, Thorntree3
£69512/230.85 mi-3
£85010/240.87 miAston Avenue, Middlesbrough3
£70008/240.91 mi-3
£74508/230.92 mi-3
£80003/250.96 mi-3
£87501/250.96 mi-3
£69509/240.99 mi-3
£65010/241 miGrange Farm Road, Grangetown, Middlesbrough, TS63
£65011/241 mi-3
£1,05008/241 mi-3
£75003/251.07 mi-3
£65008/241.07 mi-3
£66509/231.11 mi-3
£66509/231.11 mi-3
£62504/251.15 mi-3
£65009/231.2 mi-3
£63009/231.2 mi-3
£63010/241.2 mi-3
£65010/241.23 miArundel Road, Grangetown, TS6 7QZ3
£67510/241.23 miCottingham Drive, Middlesbrough3

Links

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.92 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £50,000

December 19, 2024

Floor Plans

Description

  • MID-TERRACED +
  • LARGE THREE-BEDROOM HOME +
  • PERFECT INVESTMENT LOCATION +
  • NO ONWARD CHAIN +
  • AVAILABLE FOR VIEWINGS +
  • SECURE REAR YARD WITH ON-STREET PARKING +
  • CLOSE TO LOCAL AMENITIES +

Great investment area, large three-bedroom terraced house on Cromwell Road TS6! Book your viewing today !

Entrance Hall - 3.00m x 0.84m (9'10" x 2'9") - Access to the property through a wooden door, access to the first floor, access to the lounge.

Lounge - 7.37m x 3.48m (24'2" x 11'5") - UPVC double glazed window to the front of the room, single glazed window to the rear, radiator and carpeted.

Kitchen - 4.27m x 2.49m (14'0" x 8'2" ) - A selection of wall and base units, electric cooker, combi boiler, washing machine, storage cupboard.

Rear Hallway - 1.83m x 2.44m (6'0" x 8'0") - Access to the downstairs W/C, and secure rear yard. Single glazed window.

Bedroom 1 - 3.23m x 4.06m (10'7" x 13'4") - This carpeted room is complete with single glazed window and storage heater.

Bedroom 2 - 4.01m x 2.74m (13'2" x 9'0") - Singled glazed window, storage heater, carpet.

Bedroom 3 - 1.93m x 2.46m (6'4" x 8'1" ) - This carpeted room is complete with single glazed window and storage heater.

Bathroom - 2.34m x 1.60m (7'8" x 5'3") - Single glazed window, W/C, wash hand basin, extractor fan, bath with electric shower over, storage heater.

Agent Details

PH Estate Agents, Middlesbrough

01642 056292

Next Steps?

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

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