3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 8AR, £185,000

Stoneleigh Avenue, Acklam, TS5 8AR - 4 views - 4 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£75K - £230K
Sold Prices/m²£1.1K/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£145,313

 

 

End Value (After Refurb)

£166,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£36,697

Bridging Loan Interest

£4,856

Total Cash In

£96,304

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£166,000

Mortgage (After Refinance)

£124,500

Mortgage LTV

75%

Cash Left In

£96,304

Equity

£41,500

Rent Range

£750 - £950

Rent Estimate

£850

Running Costs/mo

£709

Cashflow/mo

£141

Cashflow/yr

£1,695

ROI

2%

Gross Yield

6%

Local Sold Prices

53 sold prices from £75K to £230K, average is £140K. £1.1K/m² to £2.2K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£190K02/230 mi17, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£199.9K08/230.02 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£199.9K08/230.02 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£147K08/220.04 mi36, Stoneleigh Avenue, Middlesbrough TS5 8AT3
£156.5K04/240.07 mi60, Mandale Road, Middlesbrough TS5 8AS3
£143.5K05/230.1 mi44, Preen Drive, Middlesbrough TS5 8AJ3
£196.5K02/230.12 mi113, Mandale Road, Middlesbrough TS5 8AN3
£165K03/240.12 mi63, Mandale Road, Middlesbrough TS5 8AE3
£75K04/210.13 mi52, Pannell Avenue, Middlesbrough TS5 4PY3
£161K02/210.13 mi44, Chalford Oaks, Middlesbrough TS5 8QG3
£110K03/230.13 mi78, Levick Crescent, Middlesbrough TS5 4RA3
£110K01/230.13 mi19, Endsleigh Drive, Middlesbrough TS5 4RG3
£120K08/210.13 mi5, Endsleigh Drive, Middlesbrough TS5 4RG3
£80K11/200.14 mi4, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QA3
£95K10/230.14 mi3, Pannell Avenue, Middlesbrough TS5 4PX3
£82K02/210.14 mi29, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QB3
£100K05/210.14 mi11, Corby Avenue, Middlesbrough TS5 4RD3
£130K08/230.14 mi9, Corby Avenue, Middlesbrough TS5 4RD3
£97K12/230.16 mi8, Price Avenue, Middlesbrough TS5 4PU3
£140K01/210.17 mi9, Croft Avenue, Middlesbrough TS5 8AH3
£120K05/210.18 mi93, Chalford Oaks, Middlesbrough TS5 8QQ3
£148K06/230.19 mi13, Asterley Drive, Middlesbrough TS5 8QD3
£112K06/230.2 mi8, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£93K08/230.2 mi43, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£93.5K07/210.21 mi53, Endsleigh Drive, Middlesbrough TS5 4RQ3
£115K02/230.21 mi16, Downside Road, Middlesbrough TS5 4QS3
£194K12/210.22 mi157, Acklam Road, Middlesbrough TS5 5QH3
£230K08/230.22 mi42, Heythrop Drive, Middlesbrough TS5 8QB3
£230K08/230.22 mi42, Heythrop Drive, Middlesbrough TS5 8QB3
£140K09/230.22 mi27, Downside Road, Middlesbrough TS5 4QT3
£155K11/200.22 mi32, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.22 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.22 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£101.5K07/230.23 mi20, Downside Road, Middlesbrough TS5 4QS3
£92K12/200.23 mi33, Collinson Avenue, Middlesbrough TS5 4QH3
£135K07/230.25 mi21, Priory Road, Middlesbrough TS5 4RF3
£92K12/230.25 mi7, Priory Road, Middlesbrough TS5 4RF3
£200K06/230.25 mi4, Mandale Road, Middlesbrough TS5 8AB3
£170K11/200.26 mi57, Ruskin Avenue, Middlesbrough TS5 8PG3
£180K10/220.27 mi14, Appleton Road, Middlesbrough TS5 5HX3
£110K11/210.28 mi40, Ashford Avenue, Middlesbrough TS5 4QW3
£182.5K03/230.29 mi5, Hadnall Close, Middlesbrough TS5 8QP3
£160K06/230.29 mi21, Minsterley Drive, Middlesbrough TS5 8QU3
£135K01/210.3 mi14, Minsterley Drive, Middlesbrough TS5 8QR3
£167K08/210.3 mi34, Minsterley Drive, Middlesbrough TS5 8QR3
£150K08/230.3 mi6, Marion Avenue, Middlesbrough TS5 5JG3
£120K12/200.31 mi49, Appleton Road, Middlesbrough TS5 5JF3
£117.5K12/200.31 mi26, Balfour Terrace, Middlesbrough TS5 5HY3
£190K12/200.33 mi2, Rushleigh Avenue, Middlesbrough TS5 8PF3
£114K11/200.33 mi11, Rydal Avenue, Middlesbrough TS5 7BG3
£156.5K03/230.33 mi7, Rydal Avenue, Middlesbrough TS5 7BG3
£163K09/230.33 mi23, Hatfield Avenue, Middlesbrough TS5 7AX3
£122.5K04/210.33 mi24, Castleton Avenue, Middlesbrough TS5 5JA3

Local Rents

17 rents from £750/mo to £950/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£95004/250.13 mi-3
£89504/240.13 mi-3
£85008/240.14 mi-3
£85009/240.14 mi-3
£85003/250.14 mi-3
£75002/240.2 mi-3
£95005/240.21 mi-3
£85010/240.3 mi-3
£85010/240.3 miMiddlesbrough, Middlesbrough, TS53
£85004/250.35 mi-3
£90004/250.36 mi-3
£90010/240.39 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£95004/250.44 mi-3
£90010/240.45 miConiston Grove, Middlesbrough3
£85012/240.54 mi-3
£85010/240.54 miTrimdon Avenue, Middlesbrough3
£95004/250.56 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.95 miles away

Nearest school

0.30 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £185,000

January 10, 2025

Floor Plans

Description

  • Three Bedroom Semi in Need of Some Modernisation +
  • Ideal for Young Couples & First Time Buyers Wanting to Put Their Own Mark on a Property +
  • Off Street Parking +
  • Detached Garage +
  • Large West Facing Rear Garden +
  • Gas Central Heating with a Worcester Boiler +

Ideal for young couples and first time buyers wanting to put their own stamp on a house. With good bones there's just the cosmetics and a few upgrades that the property would benefit from.

Notable features include gas central heating with a Worcester boiler, UPVC double glazed windows, open plan lounge/dining/breakfast room, three good size bedrooms and a large west facing rear garden!

The property comprises entrance hall, open plan lounge/dining room/breakfast room and separate kitchen. On the first floor there are three bedrooms and a shower room. Externally there is off street parking to the front a large rear garden with a detached garage.

Tenure - Freehold

Council Tax Band C

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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