3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 4QW, £110,000

Ashford Avenue, Middlesbrough, North Yorkshire, TS5 4QW - 2 views - 2 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+2 photos

ValuationFair Value

Sold Prices£75K - £199.9K
Sold Prices/m²£914/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£111,100

 

 

End Value (After Refurb)

£139,798

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£36,697

Bridging Loan Interest

£2,888

Total Cash In

£73,335

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£139,798

Mortgage (After Refinance)

£104,849

Mortgage LTV

75%

Cash Released

£22,349

Cash Left In

£50,986

Equity

£34,950

Rent Range

£750 - £1,015

Rent Estimate

£902

Running Costs/mo

£637

Cashflow/mo

£265

Cashflow/yr

£3,177

ROI

4%

Gross Yield

10%

Local Sold Prices

52 sold prices from £75K to £199.9K, average is £121.3K. £914/m² to £2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£110K11/210 mi40, Ashford Avenue, Middlesbrough TS5 4QW3
£135K07/230.03 mi21, Priory Road, Middlesbrough TS5 4RF3
£92K12/230.03 mi7, Priory Road, Middlesbrough TS5 4RF3
£93.5K07/210.08 mi53, Endsleigh Drive, Middlesbrough TS5 4RQ3
£112K06/230.09 mi8, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£93K08/230.09 mi43, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£140K09/230.1 mi27, Downside Road, Middlesbrough TS5 4QT3
£101.5K07/230.1 mi20, Downside Road, Middlesbrough TS5 4QS3
£115K02/230.12 mi16, Downside Road, Middlesbrough TS5 4QS3
£92K12/200.13 mi33, Collinson Avenue, Middlesbrough TS5 4QH3
£120K08/210.14 mi5, Endsleigh Drive, Middlesbrough TS5 4RG3
£110K01/230.14 mi19, Endsleigh Drive, Middlesbrough TS5 4RG3
£80K11/200.16 mi4, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QA3
£100K05/210.16 mi11, Corby Avenue, Middlesbrough TS5 4RD3
£130K08/230.16 mi9, Corby Avenue, Middlesbrough TS5 4RD3
£82K02/210.17 mi29, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QB3
£80K06/210.17 mi44, Greenland Avenue, Middlesbrough TS5 4JW3
£95K04/230.17 mi61, Greenland Avenue, Middlesbrough TS5 4JW3
£110K03/230.19 mi78, Levick Crescent, Middlesbrough TS5 4RA3
£92K05/210.24 mi24, Greenland Avenue, Middlesbrough TS5 4JJ3
£95K10/230.28 mi3, Pannell Avenue, Middlesbrough TS5 4PX3
£97K12/230.28 mi8, Price Avenue, Middlesbrough TS5 4PU3
£190K02/230.28 mi17, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£75K04/210.29 mi52, Pannell Avenue, Middlesbrough TS5 4PY3
£199.9K08/230.29 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£199.9K08/230.29 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£196.5K02/230.29 mi113, Mandale Road, Middlesbrough TS5 8AN3
£147K08/220.31 mi36, Stoneleigh Avenue, Middlesbrough TS5 8AT3
£120K05/210.34 mi93, Chalford Oaks, Middlesbrough TS5 8QQ3
£156.5K04/240.34 mi60, Mandale Road, Middlesbrough TS5 8AS3
£117.5K12/200.36 mi26, Balfour Terrace, Middlesbrough TS5 5HY3
£161K02/210.36 mi44, Chalford Oaks, Middlesbrough TS5 8QG3
£194K12/210.37 mi157, Acklam Road, Middlesbrough TS5 5QH3
£143.5K05/230.37 mi44, Preen Drive, Middlesbrough TS5 8AJ3
£180K10/220.37 mi14, Appleton Road, Middlesbrough TS5 5HX3
£155K11/200.38 mi32, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.38 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.38 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£140K01/210.38 mi9, Croft Avenue, Middlesbrough TS5 8AH3
£165K03/240.4 mi63, Mandale Road, Middlesbrough TS5 8AE3
£122.5K04/210.4 mi24, Castleton Avenue, Middlesbrough TS5 5JA3
£148K06/230.4 mi13, Asterley Drive, Middlesbrough TS5 8QD3
£110K01/210.4 mi12, Castleton Avenue, Middlesbrough TS5 5JA3
£125K04/210.4 mi14, Castleton Avenue, Middlesbrough TS5 5JA3
£152K09/230.4 mi24, Castleton Avenue, Middlesbrough TS5 5JA3
£120K12/200.43 mi49, Appleton Road, Middlesbrough TS5 5JF3
£150K08/230.44 mi6, Marion Avenue, Middlesbrough TS5 5JG3
£171K02/230.44 mi16, Fairfield Avenue, Middlesbrough TS5 5HB3
£182.5K03/230.45 mi5, Hadnall Close, Middlesbrough TS5 8QP3
£147.5K12/200.47 mi16, Williams Avenue, Middlesbrough TS5 5EH3
£85K12/200.47 mi41, Acklam Road, Middlesbrough TS5 5HD3
£111K01/230.47 mi29, Acklam Road, Middlesbrough TS5 5HD3

Local Rents

15 rents from £750/mo to £1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£85008/240.16 mi-3
£85009/240.16 mi-3
£85003/250.16 mi-3
£85003/250.28 mi-3
£85010/240.34 mi-3
£85010/240.34 miMiddlesbrough, Middlesbrough, TS53
£95003/250.36 mi-3
£75002/240.38 mi-3
£89504/240.41 mi-3
£90003/250.45 mi-3
£95005/240.48 mi-3
£99510/240.5 miAcklam Gardens, Middlesbrough, TS53
£95003/250.5 mi-3
£1,01510/240.53 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.54 miAcklam Gardens, Middlesbrough, TS53

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

3.13 miles away

Nearest school

0.20 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £110,000

January 27, 2025

Description

  • Offered for sale with no onward chain +
  • Three bedroom end of terraced property +
  • In need of some updating +
  • Priced to reflect works required +
  • Double glazing and Gas central heating system +
  • Spacious lounge and dining room +
  • Larger than average rear garden +
  • Viewing recommended +

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MID250036/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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