2 Bed Flat, Single Let, Middlesbrough, TS5 5DW, £59,000

Clough Close, Middlesbrough, TS5 5DW - 3 months ago

Leasehold

BTL

ROI: 16%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£50K - £134K
Sold Prices/m²	£747/m² - £2K/m²

Square Metres	~68.11 m²
Price/m²	£866/m²
Value Estimate	£71,390£71,390
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£14,750£14,750
Stamp Duty & Legal Fees	£4,150£4,150
Total Cash In	£18,900£18,900

Cash Out
Rent Range	£450 - £3,900£450 - £3,900
Rent Estimate	£575
Running Costs/mo	£319£319
Cashflow/mo	£256£256
Cashflow/yr	£3,068£3,068
ROI	16%16%
Gross Yield	12%12%

Local Sold Prices

23 sold prices from £50K to £134K, average is £76K. £747/m² to £2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£67.5K	10/21	0.01 mi	6, Clough Close, Middlesbrough TS5 5DW	£1,071	63	2	Flat
£59K	10/20	0.01 mi	21, Clough Close, Middlesbrough TS5 5DW	£844	70	2	Flat
£60K	03/23	0.01 mi	33, Clough Close, Middlesbrough TS5 5DW	£1,091	55	2	Flat
£70K	11/23	0.01 mi	31, Clough Close, Middlesbrough TS5 5DW	£1,346	52	2	Flat
£63K	04/23	0.17 mi	25, Camsell Court, Middlesbrough TS5 5BE	-	-	2	Flat
£70K	07/23	0.17 mi	15, Camsell Court, Middlesbrough TS5 5BE	£1,296	54	2	Flat
£64.8K	10/22	0.48 mi	10, The Potteries, Middlesbrough TS5 6DQ	£830	78	2	Flat
£71K	12/20	0.48 mi	31, Gresham Road, Middlesbrough TS1 4LU	£1,183	60	2	Flat
£50K	05/22	0.51 mi	8, Teare Close, Middlesbrough TS1 5ND	£794	63	2	Flat
£65K	09/22	0.6 mi	65, Roman Road, Middlesbrough TS5 5PH	£747	87	2	Flat
£76K	06/21	0.63 mi	14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,310	58	2	Flat
£80K	07/23	0.63 mi	19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	-	-	2	Flat
£84K	01/23	0.63 mi	70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,556	54	2	Flat
£120K	03/23	0.67 mi	4, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£127.5K	08/22	0.67 mi	8, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,992	64	2	Flat
£134K	02/23	0.67 mi	11, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,648	81	2	Flat
£112K	04/23	0.67 mi	10, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£90K	08/23	0.74 mi	9, Oriel Close, Middlesbrough TS5 5NJ	-	-	2	Flat
£55K	09/23	0.87 mi	20, St Francis Close, Middlesbrough TS5 4GY	£809	68	2	Flat
£82K	11/21	0.91 mi	18, Bayberry Mews, Middlesbrough TS5 7RG	£1,464	56	2	Flat
£82K	08/21	0.91 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,579	52	2	Flat
£85K	01/23	0.91 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,637	52	2	Flat
£85K	02/24	0.91 mi	12, Bayberry Mews, Middlesbrough TS5 7RG	£1,667	51	2	Flat

Local Rents

35 rents from £450/mo to £3.9K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£800	03/25	0.01 mi	-	2	Flat
£625	10/24	0.02 mi	Clough Close, Middlesbrough, North Yorkshire, TS5 5DW	2	Flat
£650	10/24	0.09 mi	-	2	Terraced House
£500	10/24	0.15 mi	Surrey Street, Middlesbrough, TS1 4QA	2	Terraced House
£625	10/24	0.17 mi	Essex Street, Middlesbrough	2	Flat
£650	03/25	0.23 mi	-	2	Terraced House
£780	03/25	0.23 mi	-	2	Terraced House
£650	12/24	0.25 mi	-	2	Flat
£650	04/25	0.25 mi	-	2	Flat
£700	01/25	0.26 mi	-	2	Terraced House
£895	10/24	0.27 mi	-	2	Terraced House
£800	01/25	0.27 mi	-	2	Terraced House
£500	10/24	0.28 mi	Longford Street, Middlesbrough, TS1 4RR	2	Flat
£500	10/24	0.3 mi	Brompton Street, Middlesbrough, North Yorkshire, TS5	2	Terraced House
£600	11/24	0.32 mi	-	2	Terraced House
£750	10/24	0.33 mi	-	2	Terraced House
£700	11/24	0.33 mi	-	2	Terraced House
£625	02/25	0.33 mi	-	2	Flat
£700	03/25	0.34 mi	-	2	Terraced House
£600	10/24	0.35 mi	-	2	Terraced House
£675	03/25	0.35 mi	-	2	Flat
£650	02/24	0.35 mi	-	2	Terraced House
£600	10/24	0.36 mi	-	2	Terraced House
£575	01/25	0.37 mi	-	2	Terraced House
£475	10/24	0.39 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£595	10/24	0.39 mi	Caxton Street, Middlesbrough	2	Terraced House
£650	12/24	0.4 mi	-	2	Terraced House
£700	10/24	0.49 mi	15 Wentworth Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£3,900	10/24	0.5 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£450	10/24	0.5 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£750	10/24	0.51 mi	18 Waverley Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£700	10/24	0.53 mi	-	2	Flat
£700	10/24	0.53 mi	The Avenue, Middlesbrough, TS5	2	Flat
£650	10/24	0.58 mi	Dorman Gardens, Middlesbrough, Cleveland, TS5	2	Flat
£563	10/24	0.61 mi	2 Bed Apartment On Wilton Street	2	Flat

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.59 miles away2.59 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £59,000

March 17, 2025

Price changed to £61,000

February 1, 2025

Listed for £65,000

January 16, 2025

Floor Plans

Description

Two Bedroom Ground Floor Apartment +
Tenure: Leasehold +
Professional Tenants in Situ (Referenced By Horizon Sales & Lettings) +
Achieving £575PCM +
Potential to Increase to £650PCM (Upon Review) +
Current Gross Yield of 9.38% +
Potential Gross Yield of 10.6% +
Sought After Location of Linthorpe, TS5 +
Closely Situated to Middlesbrough Town Centre, Public Transport Routes, Amenities and Schooling +
Total payable to Sinclair Gardens every 6 months: £1263.87 per flat. (Ground Rent, Reserve Fund, Service Charge, Insurance etc.) +

SELLING WITH TENANT IN-SITU We welcome to the market this two bedroom ground floor flat located in Ayresome Park Development, TS5. The property is close to local shops, amenities, and great access links to the A66. It benefits from Double Glazing, Electric Heating, and an allocated parking space.This investment is Let to a professional couple looking to stay on a Long Term basis, with all references completed in house for the Tenancy in house. The apartment briefly compromises entrance hallway, kitchen, living room, two double bedrooms, and family bathroom.
Buyers Premium Fee Applicable of £3,600+VAT.
Available as a pair with another flat from this building. Enquire for more information on how to secure, either individually, or as a pair.
The property is to be sold as seen.

Agent Details

Property Express, Normanby

01642 056244

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.