3 Bed Detached House, Refurb/BRRR, Middlesbrough, TS5 7RE, £170,000

Arlington Road, Acklam, TS5 7RE - 7 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£70K - £250K
Sold Prices/m²£887/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£126,296

 

 

End Value (After Refurb)

£146,457

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£36,697

Bridging Loan Interest

£4,463

Total Cash In

£91,710

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£146,457

Mortgage (After Refinance)

£109,843

Mortgage LTV

75%

Cash Left In

£91,710

Equity

£36,614

Rent Range

£575 - £1,050

Rent Estimate

£852

Running Costs/mo

£648

Cashflow/mo

£204

Cashflow/yr

£2,447

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £250K, average is £151K. £887/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£86.5K12/200.03 mi68, Arlington Road, Middlesbrough TS5 7RE3
£129K05/210.07 mi41, Ravenscroft Avenue, Middlesbrough TS5 7QN3
£200K04/230.13 mi31, Emerson Avenue, Middlesbrough TS5 7QW3
£143.5K09/210.14 mi5, Emerson Avenue, Middlesbrough TS5 7QW3
£152K03/240.14 mi32, Glendale Road, Middlesbrough TS5 7QB3
£136K10/230.14 mi18, Glendale Road, Middlesbrough TS5 7QB3
£165K09/230.14 mi50, Glendale Road, Middlesbrough TS5 7QB3
£250K05/230.17 mi6, Emerson Avenue, Middlesbrough TS5 7QT3
£237K12/230.17 mi4, Briardene Avenue, Middlesbrough TS5 7PB3
£190K07/230.18 mi4, The Prospect, Middlesbrough TS5 7QZ3
£200K05/230.19 mi19, Benton Road, Middlesbrough TS5 7PQ3
£167K04/210.19 mi42, Beech Grove Road, Middlesbrough TS5 6RF3
£154K03/210.19 mi49, Glendale Road, Middlesbrough TS5 7QE3
£160K08/210.19 mi33, Glendale Road, Middlesbrough TS5 7QE3
£185K01/230.19 mi32, Claude Avenue, Middlesbrough TS5 5PT3
£92K03/210.2 mi48, Holmwood Avenue, Middlesbrough TS4 3LF3
£167K07/230.23 mi56, Glendale Road, Middlesbrough TS5 7PY3
£179K05/230.23 mi58, Glendale Road, Middlesbrough TS5 7PY3
£97K02/230.24 mi21, Beverley Road, Middlesbrough TS4 3LE3
£152K11/200.25 mi10, Glaisdale Avenue, Middlesbrough TS5 7PG3
£170K09/230.25 mi1, Greenwood Avenue, Middlesbrough TS5 7RW3
£130K11/230.25 mi8, Glenfield Drive, Middlesbrough TS5 7PX3
£143.3K06/230.26 mi3, Briarvale Avenue, Middlesbrough TS5 7RP3
£135K03/210.26 mi4, Cleveland Avenue, Middlesbrough TS5 7RR3
£150K07/210.26 mi2, Highbury Avenue, Middlesbrough TS5 7PW3
£205K05/210.28 mi8, Cleveland Avenue, Middlesbrough TS5 7RR3
£145K01/210.28 mi51, Tollesby Road, Middlesbrough TS5 7PT3
£122K04/210.28 mi43, Glenfield Drive, Middlesbrough TS5 7PU3
£180K11/210.29 mi31, Highbury Avenue, Middlesbrough TS5 7PP3
£230K02/240.32 mi11, Kingston Avenue, Middlesbrough TS5 7RS3
£217K09/230.32 mi16, Kingston Avenue, Middlesbrough TS5 7RS3
£220K08/230.32 mi10, Harrow Road, Middlesbrough TS5 5PD3
£167.5K03/210.33 mi33, Lunedale Avenue, Middlesbrough TS5 7LA3
£106.3K08/230.34 mi105, Glendale Road, Middlesbrough TS5 7NH3
£140K10/210.34 mi9, Parkfield Avenue, Middlesbrough TS5 7LE3
£163K11/230.36 mi46, Cherryfield Drive, Linthorpe, Middlesbrough TS5 5QG3
£155K10/230.36 mi77, Cherryfield Drive, Linthorpe, Middlesbrough TS5 5QG3
£70K05/230.4 mi20, Fremantle Crescent, Middlesbrough TS4 3HR3
£110K08/230.42 mi4, Portrush Close, Saltersgill, Middlesbrough TS4 3HY3
£143.5K02/230.43 mi3, Lancaster Road, Middlesbrough TS5 6PF3
£90K05/210.43 mi3, Troon Close, Middlesbrough TS4 3HX3
£125K09/210.44 mi23, Rochester Road, Middlesbrough TS5 6QG3
£122K06/210.44 mi35, Rochester Road, Middlesbrough TS5 6QG3
£90K12/230.44 mi96, Fremantle Crescent, Middlesbrough TS4 3HP3
£186K10/230.45 mi10, Linden Grove, Middlesbrough TS5 5NE3
£230K10/230.45 mi40, Linden Grove, Middlesbrough TS5 5NE3
£94K12/200.45 mi15, Sunningdale Road, Middlesbrough TS4 3HU3
£127K01/210.45 mi16, Lancaster Road, Middlesbrough TS5 6PF3
£117.5K02/210.45 mi3, Lancaster Road, Middlesbrough TS5 6PF3
£130K10/230.45 mi20, Lancaster Road, Middlesbrough TS5 6PF3

Local Rents

14 rents from £575/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£85003/250.12 mi-3
£80004/250.22 mi-3
£80010/240.26 mi-3
£1,05003/250.32 mi-3
£76509/240.35 mi-3
£80002/240.44 mi-3
£57502/240.46 mi-3
£85010/240.48 mi-3
£74503/250.49 mi-3
£88010/240.51 mi-3
£74502/250.56 mi-3
£75010/240.57 miMuirfield Way, Middlesbrough3
£85011/240.6 mi-3
£85012/240.6 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

1.87 miles away

Nearest school

0.30 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £170,000

January 3, 2025

Floor Plans

Description

  • A Three Bedroom Detached Home +
  • Requiring Full Renovation +
  • Generous Corner Plot +
  • No Onward Chain +

Set on a generous corner plot, this double fronted three bedroom detached property is offered to market with no onward chain.

Requiring full renovation, but also scope to extend (subject to obtaining the required consents) this is a unique opportunity for those looking for a project.

In brief, accommodation comprises: An entrance hallway, lounge, diner / second reception room, kitchen, utility room, W/C, three double bedroooms and a house bathroom. Externally, there is driveway parking to the front, an attached garage to one side, lawn garden to the right side and a large rear garden which is mainly laid to lawn and features additional off street parking and a patio area.

Agent Details

roseberry newhouse, Teesside

01642 056921

Next Steps?

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