3 Bed Bungalow, Refurb/BRRR, Stockton-on-Tees, TS20 1HN, £159,950

Oaklea Close, Norton, Stockton-on-Tees, Durham, TS20 1HN - 3 months ago

Refurb/BRRR
ROI: 2%
~103 m²
+11 photos

ValuationOvervalued

Sold Prices£83K - £305K
Sold Prices/m²£1K/m² - £3.2K/m²

 

 

Square Metres

~102.90 m²
Price/m²£1.6K/m²

Value Estimate

£150,622

 

 

End Value (After Refurb)

£152,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£9,198

Refurb Costs

£40,604

Bridging Loan Interest

£4,199

Total Cash In

£95,737

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,500

Mortgage (After Refinance)

£114,375

Mortgage LTV

75%

Cash Left In

£95,737

Equity

£38,125

Rent Range

£675 - £1,100

Rent Estimate

£796

Running Costs/mo

£656

Cashflow/mo

£140

Cashflow/yr

£1,683

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £83K to £305K, average is £124K. £1K/m² to £3.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£157K12/220.06 mi47, Stanley Street, Norton, Stockton-on-tees TS20 1HQ3
£135K06/210.08 mi17, Oakwell Road, Stockton-on-tees TS20 1HL3
£120K10/230.08 mi13, Swale Road, Stockton-on-tees TS20 1BY3
£92.5K03/210.08 mi5, Swale Road, Stockton-on-tees TS20 1BY3
£93.5K05/210.08 mi4, Swale Road, Stockton-on-tees TS20 1BY3
£115K08/230.1 mi2, Hury Road, Stockton-on-tees TS20 1DD3
£165K12/220.1 mi24, Fuller Crescent, Stockton-on-tees TS20 1HB3
£91K03/210.11 mi10, Cameron Street, Stockton-on-tees TS20 1HW3
£148K02/210.12 mi12, Plumer Drive, Stockton-on-tees TS20 1HF3
£158K03/210.13 mi11, Ragworth Road, Stockton-on-tees TS20 1HR3
£180K11/220.14 mi13, Ragworth Road, Stockton-on-tees TS20 1HR3
£180K10/210.14 mi1, Ridley Drive, Stockton-on-tees TS20 1HE3
£160K09/230.14 mi25, Ridley Drive, Stockton-on-tees TS20 1HE3
£133K12/230.14 mi16, Clements Rise, Stockton-on-tees TS20 1HD3
£100K11/230.15 mi69, Eamont Road, Stockton-on-tees TS20 1DE3
£240K09/220.16 mi6, Sturt Drive, Stockton-on-tees TS20 1EZ3
£125K09/230.18 mi63, Darlington Lane, Stockton-on-tees TS20 1BS3
£158K12/230.18 mi11, Newby Close, Norton, Stockton-on-tees TS20 1TS3
£103K03/210.19 mi21, Greta Road, Stockton-on-tees TS20 1BD3
£305K08/220.21 mi5, Darlington Lane, Stockton-on-tees TS20 1EW3
£143K03/230.22 mi11, Washington Grove, Stockton-on-tees TS20 1BU3
£103K10/230.22 mi25, Washington Grove, Stockton-on-tees TS20 1BU3
£95K08/230.23 mi21, Balder Road, Norton, Stockton-on-tees TS20 1BE3
£110K12/230.23 mi7, Balder Road, Norton, Stockton-on-tees TS20 1BE3
£171K02/210.24 mi56, Weaverham Road, Stockton-on-tees TS20 1QL3
£92.5K03/240.25 mi50, Eamont Road, Stockton-on-tees TS20 1DG3
£120K11/230.25 mi51, Eamont Road, Stockton-on-tees TS20 1DG3
£95K11/200.25 mi24, Eamont Road, Stockton-on-tees TS20 1DG3
£120K05/230.25 mi24, Eamont Road, Stockton-on-tees TS20 1DG3
£161K09/230.25 mi15, Mill Street, Stockton-on-tees TS20 1AB3
£120K12/200.25 mi25, Mill Street, Stockton-on-tees TS20 1AB3
£250K07/210.25 mi56, Fulthorpe Road, Stockton-on-tees TS20 1QH3
£118.5K08/210.26 mi12, The Glebe, Stockton-on-tees TS20 1RX3
£276.5K04/210.26 mi18, The Green, Norton, Stockton-on-tees TS20 1EJ3
£137K10/210.26 mi31, Pulford Road, Stockton-on-tees TS20 1QY3
£290K01/210.27 mi6, The Garth, Stockton-on-tees TS20 1AD3
£83K01/210.27 mi100, Norton Avenue, Stockton-on-tees TS20 2JT3
£90.5K01/240.29 mi52, Norton Avenue, Stockton-on-tees TS20 2JP3
£137.5K10/230.3 mi15, Leven Road, Stockton-on-tees TS20 1BQ3
£91.5K12/210.3 mi40, Leven Road, Stockton-on-tees TS20 1BQ3
£91.5K10/200.3 mi32, Leven Road, Stockton-on-tees TS20 1BQ3
£127.5K12/220.3 mi46, Esk Road, Stockton-on-tees TS20 1AT3
£215K12/200.3 mi7, Fulthorpe Road, Stockton-on-tees TS20 1ED3
£105K03/240.31 mi136, Norton Avenue, Stockton-on-tees TS20 2JX3
£170K07/220.31 mi1, Pipistrelle Court, Stockton-on-tees TS21 3LX3
£123K04/230.32 mi7, Ladyfern Way, Norton, Stockton-on-tees TS20 2XT3
£173K01/210.32 mi1, Jameson Road, Stockton-on-tees TS20 1EF3
£110K08/230.32 mi28, Argyll Road, Norton, Stockton-on-tees TS20 2XQ3
£101K12/220.34 mi166, Norton Avenue, Stockton-on-tees TS20 2JX3
£120K04/230.34 mi7, Wylam Road, Stockton-on-tees TS20 2JW3

Local Rents

21 rents from £675/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£96012/240.05 mi-3
£85001/250.09 mi-3
£80003/250.24 mi-3
£67507/240.25 mi-3
£1,10010/240.31 miNorton Avenue, Stockton-on-Tees3
£67502/250.37 mi-3
£80002/250.41 mi-3
£85002/250.43 mi-3
£75010/240.48 miHillside Road, Stockton-on-Tees, Durham, TS203
£70011/240.48 mi-3
£82510/240.49 mi-3
£70010/240.5 mi-3
£70004/250.5 mi-3
£75010/240.5 miBeaconsfield Road, Norton, Stockton-On-Tees3
£72510/240.51 miGreylands Avenue, Stockton-On-Tees, Durham, TS203
£99506/240.52 mi-3
£99504/250.52 mi-3
£79510/240.53 mi-3
£75010/240.56 miRedruth Avenue, STOCKTON-ON-TEES3
£70010/240.57 mi-3
£72010/240.59 miHoneycomb Avenue, Stockton-On-Tees3

Local Area Statistics

Population in TS20

20,663

Population in Stockton-on-Tees

149,709

Town centre distance

1.18 miles away

Nearest school

0.40 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £159,950

March 12, 2025

Listed for £169,950

January 24, 2025

Floor Plans

Description

  • EPC RATING D +
  • CUL-DE-SAC LOCATION +
  • CLOSE TO NORTON HIGH STREET +
  • MODERNISATION REQUIRED +
  • SELLING WITH NO ONWARD CHAIN +
  • SOUTH FACING REAR GARDEN +

Tucked away in a most pleasant cul-de-sac, this semi detached home is perfectly positioned only a short stroll to the picturesque Village Green, Duck Pond and the historic tree lined High Street.
The accommodation will require some updating while offering generously proportioned rooms that presents itself as an exciting opportunity for those with the enthusiasm for modernisation and possibly remodelling to personal requirement. Approached by a garden to the front and block paving runs to the sizeable garage the accommodation includes: An entrance hall with stairs to the first floor and access to the family bathroom, a bow forted lounge is impressive in size and is open plan with the dining area and there is a fitted kitchen. The first floor has a landing and THREE Bedrooms that are all of a good size. Upvc double glazing and a gas central heating system. To the rear of this home is a good size South facing garden with a high degree of privacy.
This property will be sold with the added benefit of No Onward Chain.

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Norton

01642 130010

Next Steps?

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