3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 7SH, £160,000

Stanhope Grove, Acklam, TS5 7SH - 3 views - 2 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£52K - £295K
Sold Prices/m²£559/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£147,955

 

 

End Value (After Refurb)

£158,196

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£36,697

Bridging Loan Interest

£4,200

Total Cash In

£88,647

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£158,196

Mortgage (After Refinance)

£118,647

Mortgage LTV

75%

Cash Left In

£88,647

Equity

£39,549

Rent Range

£745 - £1,050

Rent Estimate

£871

Running Costs/mo

£689

Cashflow/mo

£182

Cashflow/yr

£2,189

ROI

2%

Gross Yield

7%

Local Sold Prices

51 sold prices from £52K to £295K, average is £163K. £559/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£147.5K11/210.09 mi22, Eastgate Road, Middlesbrough TS5 5LN3
£240K06/230.09 mi8, Florida Gardens, Middlesbrough TS5 7SQ3
£174K06/210.09 mi29, Stanhope Grove, Middlesbrough TS5 7SF3
£110K03/230.1 mi41, Thornfield Grove, Middlesbrough TS5 5LQ3
£255K03/240.1 mi47, Thornfield Grove, Middlesbrough TS5 5LQ3
£190K08/230.11 mi55, Harrow Road, Middlesbrough TS5 5LH3
£169K04/210.11 mi54, Harrow Road, Middlesbrough TS5 5LH3
£138K03/240.11 mi77, Harrow Road, Middlesbrough TS5 5LH3
£158.5K05/230.14 mi51, Harrow Road, Middlesbrough TS5 5NS3
£152.5K06/210.14 mi30, Ridley Avenue, Middlesbrough TS5 7AN3
£134K12/200.14 mi28, Ridley Avenue, Acklam, Middlesbrough TS5 7AN3
£175K07/230.14 mi16, Ridley Avenue, Acklam, Middlesbrough TS5 7AN3
£128K06/210.16 mi7, Ridley Avenue, Acklam, Middlesbrough TS5 7AL3
£167.5K06/230.16 mi23, Ridley Avenue, Acklam, Middlesbrough TS5 7AL3
£151K07/210.16 mi27, Birchgate Road, Middlesbrough TS5 5NP3
£170K11/210.17 mi92, Ullswater Avenue, Middlesbrough TS5 7DL3
£152K02/230.18 mi21, Britain Avenue, Middlesbrough TS5 7AT3
£162K10/210.18 mi23, Broadgate Road, Middlesbrough TS5 5LP3
£195K07/230.18 mi7, Broadgate Road, Middlesbrough TS5 5LP3
£210K09/230.19 mi52, Ridley Avenue, Acklam, Middlesbrough TS5 7AW3
£165K10/230.2 mi8, Hardwick Avenue, Middlesbrough TS5 7AS3
£52K03/240.2 mi34, Ambleside Grove, Middlesbrough TS5 7DQ3
£155K04/210.2 mi5, Britain Avenue, Middlesbrough TS5 7AT3
£150K07/210.2 mi7, Britain Avenue, Middlesbrough TS5 7AT3
£217K09/230.21 mi16, Kingston Avenue, Middlesbrough TS5 7RS3
£230K02/240.21 mi11, Kingston Avenue, Middlesbrough TS5 7RS3
£205K02/230.21 mi6, Thornfield Grove, Middlesbrough TS5 5LF3
£116K12/200.22 mi41, Ridley Avenue, Middlesbrough TS5 7AR3
£195K08/230.22 mi41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR3
£195K08/230.22 mi41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR3
£218K09/230.23 mi3, Jesmond Avenue, Middlesbrough TS5 5JY3
£140K01/240.23 mi2, Hatfield Avenue, Middlesbrough TS5 7AU3
£134K08/210.23 mi120, Coniston Grove, Middlesbrough TS5 7DG3
£168K08/210.23 mi118, Coniston Grove, Middlesbrough TS5 7DG3
£163K09/230.25 mi23, Hatfield Avenue, Middlesbrough TS5 7AX3
£205K05/210.25 mi8, Cleveland Avenue, Middlesbrough TS5 7RR3
£170K05/230.25 mi6, Ennerdale Avenue, Middlesbrough TS5 7BB3
£125K01/210.26 mi109, Coniston Grove, Middlesbrough TS5 7DF3
£135K03/210.26 mi4, Cleveland Avenue, Middlesbrough TS5 7RR3
£143.3K06/230.27 mi3, Briarvale Avenue, Middlesbrough TS5 7RP3
£170K09/230.28 mi1, Greenwood Avenue, Middlesbrough TS5 7RW3
£220K08/230.28 mi10, Harrow Road, Middlesbrough TS5 5PD3
£160K07/230.3 mi9, Embleton Avenue, Middlesbrough TS5 7EA3
£210K12/230.3 mi28, Embleton Avenue, Middlesbrough TS5 7EA3
£295K06/230.3 mi56, Cambridge Road, Linthorpe, Middlesbrough TS5 5HG3
£165K12/200.3 mi6, Derwentwater Avenue, Middlesbrough TS5 7DB3
£114K11/200.3 mi11, Rydal Avenue, Middlesbrough TS5 7BG3
£156.5K03/230.3 mi7, Rydal Avenue, Middlesbrough TS5 7BG3
£137.5K12/200.31 mi54, Coniston Grove, Middlesbrough TS5 7DD3
£150K08/230.31 mi6, Marion Avenue, Middlesbrough TS5 5JG3
£120K12/200.32 mi49, Appleton Road, Middlesbrough TS5 5JF3

Local Rents

15 rents from £745/mo to £1.1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£90010/240.25 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£1,05003/250.27 mi-3
£90003/250.32 mi-3
£90010/240.33 miConiston Grove, Middlesbrough3
£95003/250.38 mi-3
£85010/240.43 mi-3
£85010/240.43 miMiddlesbrough, Middlesbrough, TS53
£80010/240.45 mi-3
£89504/240.49 mi-3
£76509/240.52 mi-3
£74502/250.53 mi-3
£95003/250.53 mi-3
£85003/250.54 mi-3
£85003/250.56 mi-3
£95005/240.59 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.39 miles away

Nearest school

0.10 miles away

Nearest train station

2.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £160,000

February 2, 2025

Floor Plans

Description

  • Family-friendly layout with three generously sized bedrooms. +
  • Driveway and garage offering secure parking and storage. +
  • No onward chain for a hassle-free purchase. +
  • Light-filled rooms and well-maintained interiors. +
  • Potential to improve and truly make your own. +
  • Conveniently located close to amenities and transport links. +

About this property… This charming three-bedroom terraced home is located in a desirable area and offers a unique space ideal for families. Light and well-maintained, it’s ready for you to move in without any renovations. Featuring a driveway, garage, and no onward chain, this property also allows for future improvements, making it a great opportunity to create your ideal home. Entrance Porch French-style wood entry doors. Entrance Hallway PVCu double-glazed entry door with staircase to the first floor and storage beneath. Living room Stone fire surround with a gas fire inset and front aspect PVCu double-glazed bow window and rear aspect PVCu double-glazed window. Kitchen diner Comprising a smart range of fitted base and wall units with matching work surfaces and coordinated tiled splashbacks. Appliances to include: washing machine, stainless steel sink with a drainer and mixer tap; single electric oven; four-ring gas hob with an extractor hood above. Space for dining table. PVCu double-glazed door leads to the rear porch. Rear Porch The door leads to the rear garden. First floor Spacious landing potential for small workspace or additional storage. Bedroom one Front aspect PVCu double-glazed bow window. Bedroom two Rear aspect PVCu double-glazed window. Bedroom three Front aspect PVCu double-glazed window. Bathroom White suite comprising: pedestal wash hand basin, fully tiled shower enclosure with a wall-mounted mains shower and handheld attachment; panelled and close coupled WC. Externally Parking To the rear of the property, there is a driveway accessible from Edinburgh Ave. Single detached garage Up-and-over entry door. Garden Mainly lawned and patio area with fenced and wall boundaries. General information Local authority: Middlesbrough Council tax band: C Tenure: Freehold Disclaimer Harvey Brooks Properties Ltd (the Company). The Company for itself and for the vendor(s) or lessor(s) of this property for whom it acts as Agents gives notice that: (i) The particulars are a general outline only for the guidance of intending purchasers or lessees and do not constitute an offer or contract (ii) All descriptions are given in good faith and are believed to be correct, but any prospective purchasers or lessees should not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness (iii) All measurements of rooms contained within these particulars should be taken as approximate and it is the responsibility of the prospective purchaser or lessee or his professional advisor to determine the exact measurements and details as required prior to Contract (iv) None of the property's services or service installations have been tested and are not warranted to be in working order (v) No employee of the Company has any authority to make or give any representation or warranty whatsoever in relation to the property.

Agent Details

Harvey Brooks, Marton

01642 056339

Next Steps?

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