3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 5EJ, £149,995

Oxford Road, Linthorpe, Middlesbrough, TS5 5EJ - 3 views - 3 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£64K - £295K
Sold Prices/m²£914/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£121,872

 

 

End Value (After Refurb)

£147,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,499

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£36,697

Bridging Loan Interest

£3,937

Total Cash In

£85,583

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£147,875

Mortgage (After Refinance)

£110,906

Mortgage LTV

75%

Cash Left In

£85,583

Equity

£36,969

Rent Range

£695 - £1,050

Rent Estimate

£927

Running Costs/mo

£668

Cashflow/mo

£259

Cashflow/yr

£3,114

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £64K to £295K, average is £121.3K. £914/m² to £3.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£145K02/210.01 mi176, Oxford Road, Middlesbrough TS5 5EJ3
£110.1K06/210.02 mi207, Oxford Road, Middlesbrough TS5 5EG3
£126.3K11/210.02 mi191, Oxford Road, Middlesbrough TS5 5EG3
£110K11/200.02 mi203, Oxford Road, Middlesbrough TS5 5EG3
£140K04/240.02 mi177, Oxford Road, Middlesbrough TS5 5EG3
£147.5K12/200.04 mi16, Williams Avenue, Middlesbrough TS5 5EH3
£117.5K03/230.05 mi106, Hambledon Road, Middlesbrough TS5 5EF3
£108K01/210.05 mi120, Hambledon Road, Middlesbrough TS5 5EF3
£85K12/200.08 mi41, Acklam Road, Middlesbrough TS5 5HD3
£111K01/230.08 mi29, Acklam Road, Middlesbrough TS5 5HD3
£171K02/230.08 mi16, Fairfield Avenue, Middlesbrough TS5 5HB3
£88K04/210.1 mi53, Westbourne Road, Middlesbrough TS5 5BH3
£115K01/210.12 mi48, Westbourne Road, Middlesbrough TS5 5BJ3
£115K07/230.12 mi32, Westbourne Road, Middlesbrough TS5 5BJ3
£105.5K09/210.13 mi42, Hambledon Road, Middlesbrough TS5 5ED3
£112K05/230.13 mi32, Hambledon Road, Middlesbrough TS5 5ED3
£170K01/230.13 mi27, Barker Road, Middlesbrough TS5 5EW3
£168K01/240.13 mi21, Barker Road, Middlesbrough TS5 5EW3
£110K02/230.13 mi57, Barker Road, Middlesbrough TS5 5EW3
£190K02/240.14 mi56, Barker Road, Middlesbrough TS5 5ES3
£295K06/230.16 mi56, Cambridge Road, Linthorpe, Middlesbrough TS5 5HG3
£100K07/230.16 mi23, Studley Road, Middlesbrough TS5 5BW3
£110K01/210.2 mi12, Castleton Avenue, Middlesbrough TS5 5JA3
£125K04/210.2 mi14, Castleton Avenue, Middlesbrough TS5 5JA3
£152K09/230.2 mi24, Castleton Avenue, Middlesbrough TS5 5JA3
£122.5K04/210.21 mi24, Castleton Avenue, Middlesbrough TS5 5JA3
£117.5K12/200.21 mi26, Balfour Terrace, Middlesbrough TS5 5HY3
£118K10/210.22 mi59, Studley Road, Middlesbrough TS5 5BP3
£205K02/230.26 mi6, Thornfield Grove, Middlesbrough TS5 5LF3
£179K05/210.26 mi18, Grosvenor Road, Middlesbrough TS5 5BU3
£180K10/220.26 mi14, Appleton Road, Middlesbrough TS5 5HX3
£120K12/200.27 mi49, Appleton Road, Middlesbrough TS5 5JF3
£218K09/230.27 mi3, Jesmond Avenue, Middlesbrough TS5 5JY3
£150K08/230.3 mi6, Marion Avenue, Middlesbrough TS5 5JG3
£162K10/210.3 mi23, Broadgate Road, Middlesbrough TS5 5LP3
£195K07/230.3 mi7, Broadgate Road, Middlesbrough TS5 5LP3
£130K02/210.32 mi97, Rockliffe Road, Middlesbrough TS5 5DF3
£194K12/210.34 mi157, Acklam Road, Middlesbrough TS5 5QH3
£97K12/230.36 mi8, Price Avenue, Middlesbrough TS5 4PU3
£92K05/210.36 mi24, Greenland Avenue, Middlesbrough TS5 4JJ3
£80K06/210.36 mi44, Greenland Avenue, Middlesbrough TS5 4JW3
£95K04/230.36 mi61, Greenland Avenue, Middlesbrough TS5 4JW3
£255K03/240.37 mi47, Thornfield Grove, Middlesbrough TS5 5LQ3
£110K03/230.37 mi41, Thornfield Grove, Middlesbrough TS5 5LQ3
£96K06/210.37 mi11, Dufton Road, Middlesbrough TS5 5AW3
£138K03/240.37 mi77, Harrow Road, Middlesbrough TS5 5LH3
£169K04/210.37 mi54, Harrow Road, Middlesbrough TS5 5LH3
£190K08/230.37 mi55, Harrow Road, Middlesbrough TS5 5LH3
£64K04/230.37 mi8, Northern Road, Middlesbrough TS5 4PB3
£92K12/200.38 mi33, Collinson Avenue, Middlesbrough TS5 4QH3

Local Rents

19 rents from £695/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£95003/250.07 mi-3
£1,01510/240.2 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.21 miAcklam Gardens, Middlesbrough, TS53
£90003/250.21 mi-3
£85010/240.22 mi-3
£85010/240.22 miMiddlesbrough, Middlesbrough, TS53
£85003/250.22 mi-3
£1,05010/240.28 miAcklam Gardens, Middlesbrough, TS53
£99510/240.29 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.29 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.34 miAcklam Gardens, Middlesbrough, TS53
£74502/250.49 mi-3
£90010/240.54 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£85008/240.55 mi-3
£85009/240.55 mi-3
£85003/250.55 mi-3
£1,05003/250.56 mi-3
£89504/240.56 mi-3
£69502/250.62 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.72 miles away

Nearest school

0.30 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £149,995

January 10, 2025

Floor Plans

Description

  • Offred for sale with no onward chain +
  • Vacant possession upon completion +
  • Traditional Three bedroom bay fronted semi +
  • Lounge and dining room +
  • Breakfast Room and kitchen +
  • Double glazing +
  • Gas central heating system +
  • Established Gardens +
  • Viewing Recommended +

Offered for sale with no onward chain and vacant possession upon completion. We offer for sale this larger than average three bedroom bay fronted semi detached house. In need of some updating however this has been factored in when setting the sensible asking price. Accommodation comprises entrance hall, lounge with bay window., great sized dining room. Breakfast Room and kitchen. First floor landing, three bedrooms and a bathroom with a separate wc. In addition there is double glazing together with a gas central heating system. Established rear garden and walled garden to the front. Storage unit to the rear garden. In addition there is double glazing together with a gas central heating system. EPC RATING TBC. TENURE IS FREEHOLD. COUNCIL TAX BNAD IS B.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MID250005/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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