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3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS3 9BJ, £70,000

77,500 THORNTREE AVENUE, BRAMBLES FARM, MIDDLESBROUGH, TS3 9BJ - 9 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£32.5K - £175K
Sold Prices/m²£417/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£76,461

 

 

End Value (After Refurb)

£74,444

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,525

Refurb Costs

£36,697

Bridging Loan Interest

£1,838

Total Cash In

£61,310

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£74,444

Mortgage (After Refinance)

£55,833

Mortgage LTV

75%

Cash Released

£3,333

Cash Left In

£57,977

Equity

£18,611

Rent Range

£420 - £1,100

Rent Estimate

£762

Running Costs/mo

£405

Cashflow/mo

£357

Cashflow/yr

£4,284

ROI

7%

Gross Yield

13%

Local Sold Prices

50 sold prices from £32.5K to £175K, average is £86.3K. £417/m² to £1.9K/m², average is £902/m².

PriceDateDistanceAddressBeds 
£32.5K11/200.05 mi43, Coltman Street, Middlesbrough TS3 6JA3
£52K12/220.12 mi9, Ryedale Street, Middlesbrough TS3 6PF3
£48.5K08/210.12 mi12, Tunstall Street, Middlesbrough TS3 6PE3
£48.5K05/230.12 mi47, Jubilee Street, Middlesbrough TS3 6QJ3
£110K04/230.17 mi19, Kildale Court, North Ormesby, Middlesbrough TS3 6LS3
£37K10/200.17 mi62, Thornton Street, Middlesbrough TS3 6PH3
£46K10/210.17 mi25, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£54K05/230.17 mi32, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£126K05/230.19 mi23, Oakfield Road, Middlesbrough TS3 6EL3
£52K03/230.21 mi10, Norcliffe Street, Middlesbrough TS3 6PS3
£65K05/210.22 mi78, Kings Road, North Ormesby, Middlesbrough TS3 6EU3
£51K08/210.22 mi34, Alphonsus Street, Middlesbrough TS3 6DZ3
£175K06/230.22 mi26, Millfield Road, Middlesbrough TS3 6ES3
£55K01/230.24 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£52.5K03/210.24 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£63K02/210.24 mi123, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£92K04/210.31 mi63, Lytton Street, Middlesbrough TS4 2DD3
£71K05/210.32 mi64, Saltwells Road, Middlesbrough TS4 2DZ3
£95K01/230.33 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£62K03/210.34 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£126K12/220.35 mi12, Lavender Road, Middlesbrough TS3 7AE3
£82K12/230.35 mi137, Saltwells Road, Middlesbrough TS4 2DT3
£89K03/230.35 mi83, Saltwells Road, Middlesbrough TS4 2DT3
£120K02/230.37 mi123, Saltwells Road, Middlesbrough TS4 2DT3
£93K10/210.37 mi23, Saltwells Crescent, Middlesbrough TS4 2DX3
£77.5K02/210.39 mi41, Wellesley Road, Middlesbrough TS4 2DQ3
£85K01/240.39 mi68, Wellesley Road, Middlesbrough TS4 2DQ3
£87.5K05/240.39 mi59, Wellesley Road, Middlesbrough TS4 2DQ3
£101K11/200.41 mi16, Saltwater Court, Middlesbrough TS4 2AQ3
£138K01/230.44 mi34, Bridgewater Court, Middlesbrough TS4 2GE3
£130K10/230.44 mi11, Bridgewater Court, Middlesbrough TS4 2GE3
£88K12/200.46 mi56, Ingram Road, Middlesbrough TS3 7AZ3
£83K01/230.47 mi8, Bordesley Green, Middlesbrough TS3 8HP3
£78K09/210.49 mi29, Bradhope Road, Middlesbrough TS3 7BB3
£122K02/230.5 mi11, St Johns Close, Middlesbrough TS4 2FG3
£125K05/230.5 mi36, Hutton Road, Middlesbrough TS4 2LE3
£115K09/220.51 mi11, Bilsdale Road, Middlesbrough TS4 2LQ3
£148K11/230.51 mi1, Bilsdale Road, Middlesbrough TS4 2LQ3
£135K05/230.52 mi21, Palin Close, Middlesbrough TS4 2FF3
£116K10/210.52 mi25, Ingleby Road, Middlesbrough TS4 2JU3
£109.5K03/230.52 mi3, Ingleby Road, Middlesbrough TS4 2JU3
£167K05/220.53 mi38, Simon Hunter Way, Middlesbrough TS4 2GX3
£110K09/210.56 mi57, Hutton Road, Middlesbrough TS4 2LG3
£137.5K11/220.57 mi24, Lansdowne Road, Middlesbrough TS4 2LN3
£95K03/210.57 mi55, Bradhope Road, Middlesbrough TS3 7BE3
£61K04/230.58 mi2, Cottingham Drive, Middlesbrough TS3 8LB3
£65K10/210.58 mi10, Stamford Street, Middlesbrough TS1 3EW3
£70K10/210.58 mi14, Stamford Street, Middlesbrough TS1 3EW3
£45K10/230.59 mi30, Egmont Road, Middlesbrough TS4 2HY3
£60K03/240.59 mi25, Egmont Road, Middlesbrough TS4 2HY3

Local Rents

37 rents from £420/mo to £1.1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£79501/250.04 mi-3
£79501/250.04 mi-3
£79504/250.05 mi-3
£89511/240.07 mi-3
£69510/240.07 mi-3
£69502/250.07 mi-3
£79504/250.07 mi-3
£69510/240.07 miJubilee Street, Middlesbrough, TS33
£80011/240.09 mi-3
£80011/240.09 mi-3
£65012/230.12 mi-3
£67012/230.12 mi-3
£70011/240.12 mi-3
£79504/250.13 mi-3
£42010/240.16 mi-3
£80004/250.19 mi-3
£65010/240.21 mi-3
£69510/240.21 miPilkington Street, Middlesbrough, North Yorkshire, TS3 6JN3
£79510/240.22 miBeaumont Road, Middlesbrough, TS33
£79510/240.22 mi-3
£69503/250.22 mi-3
£52503/250.22 mi-3
£79504/250.23 mi-3
£79510/240.24 mi-3
£65004/250.27 mi-3
£74510/240.28 mi-3
£99510/240.28 mi-3
£79510/240.28 mi-3
£85004/250.38 mi-3
£1,10003/250.39 mi-3
£95012/240.42 mi-3
£75012/240.46 mi-3
£85010/240.54 miSimon Hunter Way, Middlesbrough, North Yorkshire, TS43
£1,00010/240.54 mi-3
£90002/250.54 mi-3
£70004/250.59 mi-3
£70004/250.59 mi-3

Links

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.59 miles away

Nearest school

0.10 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £70,000

April 5, 2025

Listed for £77,500

January 12, 2025

Floor Plans

Description

  • Perfect For Those Wanting to Put Their Own Stamp on a Property +
  • Idea Area for Investors with Good Yield +
  • Ideal for Young Couples, First Time Buyers & Investors Alike +
  • UPVC Double Glazed Windows +
  • Gas Central Heating +
  • Off Street Parking +
  • Gardens Front & Rear +

Perfect for young couples, first time buyers and buy-to-let investors alike!

This chain free sale offers gas central heating, off street parking, UPVC double glazed windows, ideal condition for a full refurb to put your own stamp on the property.

The property comprises entrance hall, lounge and kitchen/diner. On the first floor there are three bedrooms and a bathroom. Externally there is off street parking to the front with a lawn and an enclosed rear garden with outbuildings.

Tenure - Freehold

Council Tax Band A

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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

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