2 Bed Flat, Single Let, Middlesbrough, TS5 5DS, £85,000

Dorman Gardens, Middlesbrough, TS5 5DS - 3 views - 4 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£55K - £134K
Sold Prices/m²£747/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£101,220
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£500 - £895

Rent Estimate

£628

Running Costs/mo

£411

Cashflow/mo

£217

Cashflow/yr

£2,601

ROI

10%

Gross Yield

9%

Local Sold Prices

34 sold prices from £55K to £134K, average is £82K. £747/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£76K06/210 mi14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£80K07/230 mi19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£84K01/230 mi70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£65K09/220.09 mi65, Roman Road, Middlesbrough TS5 5PH2
£90K08/230.13 mi9, Oriel Close, Middlesbrough TS5 5NJ2
£64.8K10/220.16 mi10, The Potteries, Middlesbrough TS5 6DQ2
£82K11/210.29 mi18, Bayberry Mews, Middlesbrough TS5 7RG2
£82K08/210.29 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K01/230.29 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K02/240.29 mi12, Bayberry Mews, Middlesbrough TS5 7RG2
£120K03/230.38 mi4, Belgravia Gardens, Middlesbrough TS5 6NZ2
£127.5K08/220.39 mi8, Belgravia Gardens, Middlesbrough TS5 6NZ2
£134K02/230.39 mi11, Belgravia Gardens, Middlesbrough TS5 6NZ2
£112K04/230.39 mi10, Belgravia Gardens, Middlesbrough TS5 6NZ2
£95K01/210.43 mi49, Stanhope Grove, Middlesbrough TS5 7SF2
£95K01/210.43 mi47, Stanhope Grove, Middlesbrough TS5 7SF2
£63K04/230.46 mi25, Camsell Court, Middlesbrough TS5 5BE2
£70K07/230.46 mi15, Camsell Court, Middlesbrough TS5 5BE2
£87K09/220.59 mi49, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£84K09/230.59 mi30, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£77.5K10/210.59 mi30, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£95K11/220.59 mi16, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£76.5K02/210.59 mi70, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£95K03/230.59 mi3, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£82K07/220.59 mi36, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£82.5K02/210.59 mi42, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£90K11/230.59 mi43, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£67.5K10/210.62 mi6, Clough Close, Middlesbrough TS5 5DW2
£59K10/200.62 mi21, Clough Close, Middlesbrough TS5 5DW2
£60K03/230.62 mi33, Clough Close, Middlesbrough TS5 5DW2
£70K11/230.62 mi31, Clough Close, Middlesbrough TS5 5DW2
£55K09/230.68 mi20, St Francis Close, Middlesbrough TS5 4GY2
£75K12/220.71 miFlat 6, Glen Court, Glendale Road, Middlesbrough TS5 7FL2
£71K12/200.91 mi31, Gresham Road, Middlesbrough TS1 4LU2

Local Rents

21 rents from £500/mo to £895/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£65010/240.05 miDorman Gardens, Middlesbrough, Cleveland, TS52
£69510/240.14 miCambridge Square, Middlesbrough, Cleveland, TS52
£72509/230.31 mi-2
£70010/240.33 mi-2
£70010/240.33 miThe Avenue, Middlesbrough, TS52
£72502/250.37 mi-2
£75001/250.38 mi-2
£75002/240.43 mi-2
£62502/250.47 mi-2
£67503/250.49 mi-2
£70011/240.51 mi-2
£65002/240.54 mi-2
£60011/240.54 mi-2
£65012/240.54 mi-2
£65004/250.54 mi-2
£89510/240.57 mi-2
£50010/240.6 miBrompton Street, Middlesbrough, North Yorkshire, TS52
£78003/250.6 mi-2
£75010/240.61 mi-2
£62510/240.61 miClough Close, Middlesbrough, North Yorkshire, TS5 5DW2
£80004/250.61 mi-2

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.31 miles away

Nearest school

0.20 miles away

Nearest train station

1.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £85,000

December 26, 2024

Floor Plans

Description

  • GROUN FLOOR +
  • OPEN PLAN LOUNGE/KITCHEN +
  • TWO DOUBLE BEDROOMS +
  • EN SUITE +
  • ALLOCATED PARKING +

SUMMARY
A ground floor two bedroom apartment situated in Dorman Gardens. Externally this apartment has a security intercom system with both allocated and visitor parking.

DESCRIPTION
A ground floor two bedroom apartment situated in Dorman Gardens. This home benefits from an open plan lounge/kitchen with two double bedrooms. The master bedroom benefits from an en suite with a further family bathroom. Externally this apartment has a security intercom system with both allocated and visitor parking.

Entrance Hall  
UPVC double glazed door into hallway, radiator.

Lounge  17' 4" x 12' 8" ( 5.28m x 3.86m )
UPVC double glazed bay window to front, radiator, TV point, telephone point.

Kitchen 9' 11" x 8' 6" ( 3.02m x 2.59m )
UPVC double glazed window to rear, integral electric oven, four ring gas hob, splashback, stainless steel extractor fan, 1 1/2 bowl sink with draining board and mixer tap, recess for fridge freezer.

Bedroom 1  10' 10" x 11' 4" ( 3.30m x 3.45m )
UPVC double glazed window to front, electric storage heater.

En-Suite 
single shower cubicle with wall mounted shower, wash hand basin with mixer tap, WC.

Bedroom 2 10' x 9' 3" ( 3.05m x 2.82m )
UPVC double glazed window to rear, electric storage heater.

Family Bathroom  
Wash hand basin with mixer tap, WC, bath with mixer tap and hand held shower unit, part tiled walls, UVC double glazed window to rear.

Externally 

Parking  
Allocated parking space, Visitor parking.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Manners & Harrison, Middlesbrough

01642 056044

Next Steps?

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