3 Bed Semi-Detached House, Single Let, Middlesbrough, TS5 8AP, £175,000

Lexden Avenue, Acklam, TS5 8AP - 3 views - 2 months ago

Sold STC
BTL
ROI: 3%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£75K - £230K
Sold Prices/m²£1.1K/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£159,237

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£750 - £950

Rent Estimate

£850

Running Costs/mo

£737

Cashflow/mo

£113

Cashflow/yr

£1,358

ROI

3%

Gross Yield

6%

Local Sold Prices

53 sold prices from £75K to £230K, average is £143.5K. £1.1K/m² to £2.2K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£156.5K04/240.04 mi60, Mandale Road, Middlesbrough TS5 8AS3
£199.9K08/230.04 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£199.9K08/230.04 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£190K02/230.06 mi17, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£147K08/220.06 mi36, Stoneleigh Avenue, Middlesbrough TS5 8AT3
£196.5K02/230.07 mi113, Mandale Road, Middlesbrough TS5 8AN3
£161K02/210.08 mi44, Chalford Oaks, Middlesbrough TS5 8QG3
£165K03/240.1 mi63, Mandale Road, Middlesbrough TS5 8AE3
£143.5K05/230.12 mi44, Preen Drive, Middlesbrough TS5 8AJ3
£110K03/230.12 mi78, Levick Crescent, Middlesbrough TS5 4RA3
£120K05/210.13 mi93, Chalford Oaks, Middlesbrough TS5 8QQ3
£148K06/230.13 mi13, Asterley Drive, Middlesbrough TS5 8QD3
£100K05/210.14 mi11, Corby Avenue, Middlesbrough TS5 4RD3
£130K08/230.14 mi9, Corby Avenue, Middlesbrough TS5 4RD3
£120K08/210.16 mi5, Endsleigh Drive, Middlesbrough TS5 4RG3
£110K01/230.16 mi19, Endsleigh Drive, Middlesbrough TS5 4RG3
£155K11/200.17 mi32, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.17 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.17 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£230K08/230.17 mi42, Heythrop Drive, Middlesbrough TS5 8QB3
£230K08/230.17 mi42, Heythrop Drive, Middlesbrough TS5 8QB3
£80K11/200.18 mi4, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QA3
£75K04/210.18 mi52, Pannell Avenue, Middlesbrough TS5 4PY3
£82K02/210.19 mi29, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QB3
£95K10/230.19 mi3, Pannell Avenue, Middlesbrough TS5 4PX3
£140K01/210.21 mi9, Croft Avenue, Middlesbrough TS5 8AH3
£115K02/230.21 mi16, Downside Road, Middlesbrough TS5 4QS3
£112K06/230.22 mi8, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£93K08/230.22 mi43, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£97K12/230.22 mi8, Price Avenue, Middlesbrough TS5 4PU3
£140K09/230.22 mi27, Downside Road, Middlesbrough TS5 4QT3
£182.5K03/230.23 mi5, Hadnall Close, Middlesbrough TS5 8QP3
£101.5K07/230.23 mi20, Downside Road, Middlesbrough TS5 4QS3
£160K06/230.24 mi21, Minsterley Drive, Middlesbrough TS5 8QU3
£93.5K07/210.24 mi53, Endsleigh Drive, Middlesbrough TS5 4RQ3
£135K01/210.24 mi14, Minsterley Drive, Middlesbrough TS5 8QR3
£167K08/210.24 mi34, Minsterley Drive, Middlesbrough TS5 8QR3
£170K11/200.24 mi57, Ruskin Avenue, Middlesbrough TS5 8PG3
£200K06/230.25 mi4, Mandale Road, Middlesbrough TS5 8AB3
£194K12/210.27 mi157, Acklam Road, Middlesbrough TS5 5QH3
£135K07/230.27 mi21, Priory Road, Middlesbrough TS5 4RF3
£92K12/230.27 mi7, Priory Road, Middlesbrough TS5 4RF3
£92K12/200.28 mi33, Collinson Avenue, Middlesbrough TS5 4QH3
£130K11/200.28 mi25, Farley Drive, Middlesbrough TS5 8QT3
£110K11/210.3 mi40, Ashford Avenue, Middlesbrough TS5 4QW3
£190K12/200.31 mi2, Rushleigh Avenue, Middlesbrough TS5 8PF3
£174K01/210.33 mi4, Marlsford Grove, Middlesbrough TS5 8PH3
£180K10/220.33 mi14, Appleton Road, Middlesbrough TS5 5HX3
£158K03/210.35 mi9, Ruskin Avenue, Middlesbrough TS5 8PJ3
£150K08/230.35 mi6, Marion Avenue, Middlesbrough TS5 5JG3
£114K11/200.35 mi11, Rydal Avenue, Middlesbrough TS5 7BG3
£156.5K03/230.35 mi7, Rydal Avenue, Middlesbrough TS5 7BG3
£120K12/200.37 mi49, Appleton Road, Middlesbrough TS5 5JF3

Local Rents

17 rents from £750/mo to £950/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£95004/250.08 mi-3
£89504/240.14 mi-3
£75002/240.14 mi-3
£85008/240.15 mi-3
£85009/240.15 mi-3
£85003/250.15 mi-3
£95005/240.18 mi-3
£85010/240.36 mi-3
£85010/240.36 miMiddlesbrough, Middlesbrough, TS53
£85004/250.41 mi-3
£90010/240.42 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£90004/250.42 mi-3
£95004/250.45 mi-3
£90010/240.46 miConiston Grove, Middlesbrough3
£85001/250.51 mi-3
£85010/240.52 miTrimdon Avenue, Middlesbrough3
£95003/250.62 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.98 miles away

Nearest school

0.30 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £175,000

February 2, 2025

Floor Plans

Description

  • Chain Free Sale +
  • Large Rear Garden +
  • Off Street Parking & Detached Garage +
  • Walking Distance to Good Schooling & Local Shops +
  • Easy A19 Access +
  • Three Bedrooms +
  • Open Plan Lounge/Diner +

Perfect for young couples or first time buyers, this three bedroom semi has off street parking, detached garage, larger kitchen than standard and a large rear garden!

Other notable features include gas central heating with a combi boiler, UPVC double glazed windows and within walking distance of some good schooling and local shops as well as good access to the A19.

The property comprises entrance hall, lounge/diner and kitchen. On the first floor there are three bedrooms and a family bathroom. Externally there is off street parking to the front and a large rear garden.

Tenure - Freehold

Council Tax Band C

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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