2 Bed Terraced House, Motivated Seller, Middlesbrough, TS3 6QA, £60,000

Mccreton Street, Middlesbrough, North Yorkshire, TS3 6QA - 14 views - 3 months ago

Under Offer
Motivated
BTL
ROI: 17%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£30K - £140K
Sold Prices/m²£349/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£60,553

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£475 - £795

Rent Estimate

£575

Running Costs/mo

£323

Cashflow/mo

£253

Cashflow/yr

£3,030

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £30K to £140K, average is £70K. £349/m² to £2K/m², average is £935/m².

PriceDateDistanceAddressBeds 
£50K12/220 mi2, Mccreton Street, Middlesbrough TS3 6QA2
£40.5K03/230.06 mi10, Stainton Street, Middlesbrough TS3 6QF2
£30K11/200.11 mi11, Coronation Street, Middlesbrough TS3 6QH2
£43K06/210.13 mi21, Thornton Street, Middlesbrough TS3 6PG2
£118K08/210.15 mi5, Millfield Road, Middlesbrough TS3 6ES2
£48K03/230.15 mi2, Norcliffe Street, Middlesbrough TS3 6PS2
£100K05/230.15 mi11, Millfield Road, Middlesbrough TS3 6ES2
£88K06/230.16 mi23, Livingstone Road, Middlesbrough TS3 6ET2
£49K08/230.16 mi11, Livingstone Road, Middlesbrough TS3 6ET2
£42K03/210.18 mi27, Kindersley Street, Middlesbrough TS3 6PW2
£36K07/210.19 mi5, Deacon Street, Middlesbrough TS3 6PB2
£45K03/230.23 mi25, Coltman Street, Middlesbrough TS3 6JA2
£30K06/210.23 mi35, Dorothy Street, Middlesbrough TS3 6JD2
£70K06/210.24 mi25, Thomas Street, Middlesbrough TS3 6JE2
£40K03/210.25 mi16, Maria Street, Middlesbrough TS3 6JQ2
£52K01/230.27 mi106, Beaumont Road, Middlesbrough TS3 6NP2
£45K03/230.3 mi5, Herbert Street, Middlesbrough TS3 6JR2
£82.5K07/210.43 mi9, Westerdale Road, Middlesbrough TS3 7RQ2
£45K03/230.46 mi15, Benedict Street, Middlesbrough TS3 6DT2
£75K01/230.48 mi26, Delarden Road, Middlesbrough TS3 8JR2
£71K11/200.52 mi43, Merlin Road, Middlesbrough TS3 8EB2
£95K08/210.53 mi80, Highfield Road, Middlesbrough TS4 2QP2
£140K09/230.53 mi62, Highfield Road, Middlesbrough TS4 2QP2
£48.5K04/210.53 mi35, Saltwells Road, Middlesbrough TS4 2EB2
£44K11/200.54 mi7, Lytton Street, Middlesbrough TS4 2BZ2
£78.5K04/230.56 mi146, Ingram Road, Middlesbrough TS3 7BU2
£75K10/210.57 mi129, Ingram Road, Middlesbrough TS3 7BX2
£105K12/220.58 mi2, Gilling Walk, Middlesbrough TS3 7PG2
£105K12/200.58 mi62, Roseberry Road, Middlesbrough TS4 2LL2
£70K06/210.62 mi2, Chevin Walk, Middlesbrough TS3 7QD2
£110K09/230.65 mi106, Lansdowne Road, Middlesbrough TS4 2QS2
£81K12/220.65 mi19, Cannock Road, Middlesbrough TS3 7NU2
£103K11/220.66 mi42, Crossfell Road, Middlesbrough TS3 7PX2
£77K11/220.68 mi16, Angle Street, Middlesbrough TS4 2JA2
£60K05/210.68 mi22, Angle Street, Middlesbrough TS4 2JA2
£80K02/230.69 mi32, Angle Street, Middlesbrough TS4 2JA2
£66K02/210.69 mi23, Hoskins Way, Middlesbrough TS3 8NJ2
£91K12/220.7 mi11, Toronto Crescent, Middlesbrough TS4 2NA2
£82K08/220.71 mi178, Roseberry Road, Middlesbrough TS4 2QF2
£106K11/230.72 mi15, Egmont Road, Middlesbrough TS4 2HU2
£100K07/220.72 mi32, Newstead Road, Middlesbrough TS4 2HJ2
£120K07/210.72 mi4, Stanhope Gardens, Middlesbrough TS4 2QA2
£68K08/230.73 mi58, Byelands Street, Middlesbrough TS4 2HP2
£85K06/230.75 mi11, Brigham Road, Middlesbrough TS3 7DG2
£61.5K11/200.75 mi34, Talbot Street, Middlesbrough TS1 3EP2
£70K04/230.77 mi23, Skelwith Road, Middlesbrough TS3 7PT2
£63K05/210.78 mi26, Roscoe Street, Middlesbrough TS1 3HN2
£48.5K01/210.78 mi27, Esher Street, Middlesbrough TS1 3EN2
£52.5K03/210.78 mi9, Roscoe Street, Middlesbrough TS1 3HN2
£72.5K03/230.78 mi29, Overdale Road, Middlesbrough TS3 7DP2

Local Rents

19 rents from £475/mo to £795/mo, average is £640/mo.

RentDateDistanceAddressBeds 
£47510/240.01 mi-2
£69512/230.03 mi-2
£55010/240.12 miCadogan Street, North Ormesby, Middlesbrough, North Yorkshire, TS32
£50010/240.22 mi-2
£49910/240.23 mi-2
£57510/240.23 miColtman Street, MIDDLESBROUGH2
£57510/240.26 miPeaton Street, MIDDLESBROUGH2
£59504/250.26 mi-2
£79501/250.28 mi-2
£65010/240.29 miEsk Street, Middlesbrough, TS32
£69510/240.31 mi-2
£79503/250.31 mi-2
£69510/240.31 miHerbert Street, Middlesbrough, TS32
£79503/250.32 mi-2
£79503/250.32 mi-2
£55002/250.44 mi-2
£65010/240.48 miDelarden Road, Pallister Park2
£64012/240.6 mi-2
£60505/240.6 mi-2

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.31 miles away

Nearest school

0.10 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £60,000

January 20, 2025

Description

  • Great condition +
  • Perfect investment opportunity +
  • Two spacious bedrooms +
  • Close to local amenities +
  • Huge potential +
  • Buyers premium fee payable +
  • Estimated rental income of £550 to £600 per month +

This two bedroom property on McCreton Street is a must see and will sell fast! Recently renovated, it boasts a brand new kitchen, modern bathroom, and full redecoration throughout, meaning its ready to be rented out immediately. With minimal work required, you can start generating income from day one. Situated in a prime location, the property is within easy reach of local amenities, transport links, and popular schools, making in an ideal choice for tenants. Whether you're a first time buyer investor or looking to add to your portfolio, this property offers strong rental potential, with expected rents ranging from £550 to £600 per month.

This is a fantastic opportunity for anyone looking to invest in a property with immediate rental income potential. The fresh, contemporary finishes ensure it will appeal to a wide range of tenants, ensuring high demand in the rental market. Whether you're looking to start or expand your investment journey, this property is a perfect fit.

Don't miss out this one is priced to sell and won't be on market for long!

Agent Details

JOSEPH HARRIS ESTATE AGENTS LTD, Middlesborough

01642 056299

Next Steps?

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