3 Bed Terraced House, Refurb/BRRR, Stockton-on-Tees, TS20 2QP, £135,000

Keithlands Avenue, Norton, Stockton-on-Tees, Durham, TS20 2QP - 2 views - 3 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£48.3K - £197.5K
Sold Prices/m²£350/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£121,877

 

 

End Value (After Refurb)

£131,113

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£36,697

Bridging Loan Interest

£3,544

Total Cash In

£80,991

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£131,113

Mortgage (After Refinance)

£98,334

Mortgage LTV

75%

Cash Left In

£80,991

Equity

£32,778

Rent Range

£450 - £1,100

Rent Estimate

£767

Running Costs/mo

£583

Cashflow/mo

£184

Cashflow/yr

£2,206

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £48.3K to £197.5K, average is £120K. £350/m² to £2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£131.5K03/210.04 mi421, Norton Road, Stockton-on-tees TS20 2QQ3
£105K11/230.04 mi1b, Grange Road, Norton, Stockton-on-tees TS20 2NS3
£120K05/210.05 mi25, Keithlands Avenue, Stockton-on-tees TS20 2QP3
£123.5K03/230.05 mi36, Keithlands Avenue, Stockton-on-tees TS20 2QP3
£140K12/220.05 mi2, Keithlands Avenue, Stockton-on-tees TS20 2QP3
£134K05/210.05 mi26, Keithlands Avenue, Stockton-on-tees TS20 2QP3
£165K10/230.05 mi25, Keithlands Avenue, Stockton-on-tees TS20 2QP3
£145K08/230.09 mi19, Norton Avenue, Stockton-on-tees TS20 2JQ3
£148K04/210.1 mi5, Grassholm Road, Stockton-on-tees TS20 1AY3
£115K03/230.1 mi20, Grassholm Road, Stockton-on-tees TS20 1AY3
£107K03/210.1 mi1, Chapman Street, Stockton-on-tees TS20 1AP3
£170K05/230.11 mi32, Ancroft Gardens, Stockton-on-tees TS20 2RY3
£127K03/230.11 mi40, Greylands Avenue, Stockton-on-tees TS20 2NU3
£140K11/200.12 mi5, Newlands Avenue, Stockton-on-tees TS20 2PQ3
£131.5K09/210.13 mi60, Keithlands Avenue, Stockton-on-tees TS20 2QR3
£127.5K05/210.13 mi51, Keithlands Avenue, Stockton-on-tees TS20 2QR3
£165K06/230.14 mi39, Newlands Avenue, Norton, Stockton-on-tees TS20 2PG3
£122.5K08/230.14 mi22, Newlands Avenue, Norton, Stockton-on-tees TS20 2PG3
£127.5K12/220.15 mi46, Esk Road, Stockton-on-tees TS20 1AT3
£105K10/200.16 mi33, Norton Avenue, Stockton-on-tees TS20 2JJ3
£138K05/210.18 mi66, Greylands Avenue, Stockton-on-tees TS20 2PA3
£135K01/240.18 mi36, Albany Road, Stockton-on-tees TS20 2QS3
£48.3K01/240.18 mi17, Albany Road, Stockton-on-tees TS20 2QX3
£190K09/230.18 mi16, South Road, Stockton-on-tees TS20 2ST3
£137.5K10/230.19 mi15, Leven Road, Stockton-on-tees TS20 1BQ3
£91.5K12/210.19 mi40, Leven Road, Stockton-on-tees TS20 1BQ3
£197.5K01/230.21 mi24, Imperial Avenue, Norton, Stockton-on-tees TS20 2EW3
£135K07/230.21 mi19, Collins Avenue, Stockton-on-tees TS20 2QY3
£96.5K11/210.22 mi35, Benson Street, Stockton-on-tees TS20 2SR3
£115K11/200.23 mi21, Cross Street, Stockton-on-tees TS20 2SS3
£78K09/210.23 mi2, Cross Street, Stockton-on-tees TS20 2SS3
£100K11/230.23 mi60, Albany Road, Stockton-on-tees TS20 2RR3
£97.5K01/240.23 mi4, Pine Street, Stockton-on-tees TS20 2SP3
£120K04/230.23 mi7, Wylam Road, Stockton-on-tees TS20 2JW3
£92.5K03/240.24 mi50, Eamont Road, Stockton-on-tees TS20 1DG3
£120K11/230.24 mi51, Eamont Road, Stockton-on-tees TS20 1DG3
£95K11/200.24 mi24, Eamont Road, Stockton-on-tees TS20 1DG3
£120K05/230.24 mi24, Eamont Road, Stockton-on-tees TS20 1DG3
£135K07/230.25 mi66, Dovedale Road, Stockton-on-tees TS20 2TH3
£80K11/200.25 mi28, Imperial Crescent, Stockton-on-tees TS20 2ER3
£100K01/230.25 mi30, Imperial Crescent, Stockton-on-tees TS20 2ER3
£86K09/230.25 mi19, Imperial Crescent, Stockton-on-tees TS20 2ER3
£95K08/230.25 mi21, Balder Road, Norton, Stockton-on-tees TS20 1BE3
£110K12/230.25 mi7, Balder Road, Norton, Stockton-on-tees TS20 1BE3
£103K03/210.27 mi21, Greta Road, Stockton-on-tees TS20 1BD3
£135K11/220.28 mi23, Leicester Road, Stockton-on-tees TS20 2RB3
£85K09/210.28 mi7, Cheshire Road, Norton, Stockton-on-tees TS20 2RP3
£130K10/210.29 mi18, Leicester Road, Stockton-on-tees TS20 2RB3
£95K10/200.29 mi15, Sudbury Road, Stockton-on-tees TS20 2SJ3
£95K01/210.29 mi4, Sudbury Road, Stockton-on-tees TS20 2SJ3

Local Rents

24 rents from £450/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72510/240.07 miGreylands Avenue, Stockton-On-Tees, Durham, TS203
£67502/250.08 mi-3
£80002/250.09 mi-3
£70010/240.17 mi-3
£75010/240.19 miOaklands Avenue, Stockton3
£70010/240.2 mi-3
£70004/250.2 mi-3
£80003/250.23 mi-3
£70011/240.24 mi-3
£1,10010/240.25 miNorton Avenue, Stockton-on-Tees3
£79510/240.31 mi-3
£67507/240.38 mi-3
£82504/250.39 mi-3
£77510/240.4 miGladesfield Road, Norton 3
£75010/240.4 miHillside Road, Stockton-on-Tees, Durham, TS203
£96012/240.4 mi-3
£45010/240.42 miTrent Street, Norton, Stockton-On-Tees, TS20 2DP3
£75010/240.45 miBeaconsfield Road, Norton, Stockton-On-Tees3
£54202/250.46 mi-3
£85001/250.53 mi-3
£90002/250.55 mi-3
£85002/250.55 mi-3
£72010/240.59 miHoneycomb Avenue, Stockton-On-Tees3
£75010/240.61 mi-3

Local Area Statistics

Population in TS20

20,663

Population in Stockton-on-Tees

149,709

Town centre distance

1.13 miles away

Nearest school

0.40 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £135,000

January 23, 2025

Floor Plans

Description

  • EPC RATING TBC +
  • FANTASTIC LOCATION +
  • IDEAL FIRST HOME +
  • SOME MODERNISATION REQUIRED +
  • SOUTH FACING REAR GARDEN +

In a most convenient location to take full advantage of the eclectic and trendy Norton High Street, this terraced home provides an exciting opportunity for those looking for a home requiring some modernisation. The property is approached by the garden at the front, the accommodation to the ground floor includes: An entrance hall with stairs to the first floor, dining room which spans the across the home with sliding double doors into the lounge and access to the fitted kitchen. The first floor has a landing, THREE bedrooms and an adapted shower room. Upvc double glazing and a gas central heating system. To the rear of there is a good size South facing garden with a access to the garage.
A great property that will be sold with No Onward Chain.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Norton

01642 130010

Next Steps?

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