5 Bed HMO, Middlesbrough, TS1 3HX, £120,000

113 Victoria Road, Middlesbrough, Cleveland, TS1 3HX - 13 views - 2 months ago

Auction
HMO
ROI: 18%
115 m²
+3 photos

ValuationUndervalued

Sold Prices£127K - £710K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

115 m²
Price/m²£1K/m²

Value Estimate

£183,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,700

Total Cash In

£35,700

 

 

Cash Out

 

Room Rate

£416

Gross Rent

£2,080

Running Costs/mo

£1,315

Cashflow/mo

£765

Cashflow/yr

£9,179

ROI

26%

Gross Yield

21%

Local Sold Prices

42 sold prices from £127K to £710K, average is £301K. £1.1K/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£225K01/230.84 mi11, Windsor Road, Middlesbrough TS5 6DS5
£225.5K03/210.96 mi67, The Avenue, Middlesbrough TS5 6QU5
£230K02/211.11 mi31, Claude Avenue, Middlesbrough TS5 5PT5
£275K05/231.16 mi40, Westwood Avenue, Middlesbrough TS5 5PX5
£143K09/221.31 mi11, Sutton Way, Middlesbrough TS4 3HE5
£710K07/231.34 mi18, Cambridge Road, Linthorpe, Middlesbrough TS5 5NN5
£130K09/211.4 mi67, Charlbury Road, Middlesbrough TS3 8LS5
£215K03/231.7 mi11, Appleton Road, Middlesbrough TS5 5HT5
£320K02/211.91 mi21, Church Lane, Middlesbrough TS5 7EF5
£278K03/211.91 mi25, Church Lane, Middlesbrough TS5 7EF5
£301K08/212.04 mi37, The Ladle, Middlesbrough TS4 3SL5
£225K05/212.04 mi25, Marton Avenue, Middlesbrough TS4 3SQ5
£307K06/212.04 mi19, Marton Avenue, Middlesbrough TS4 3SQ5
£274K08/212.04 mi21, Marton Avenue, Middlesbrough TS4 3SQ5
£365K09/222.04 mi31, Marton Avenue, Middlesbrough TS4 3SQ5
£337K02/242.04 mi26, Marton Avenue, Middlesbrough TS4 3SQ5
£350K02/222.05 mi35, The Ladle, Middlesbrough TS4 3SL5
£255K02/212.05 mi40, The Ladle, Middlesbrough TS4 3SL5
£250K10/202.05 mi34, The Ladle, Middlesbrough TS4 3SL5
£301K08/212.05 mi37, The Ladle, Middlesbrough TS4 3SL5
£372K01/232.39 mi27, Sandy Flatts Lane, Middlesbrough TS5 7YY5
£660K06/212.4 mi71, The Grove, Marton In Cleveland, Middlesbrough TS7 8AL5
£575K06/212.41 mi68, The Grove, Marton In Cleveland, Middlesbrough TS7 8AJ5
£370K08/232.43 mi12, Sandy Flatts Lane, Middlesbrough TS5 7YY5
£325K01/212.43 mi6, Sandy Flatts Lane, Middlesbrough TS5 7YY5
£230K01/242.43 mi3, Cremorne Close, Marton In Cleveland, Middlesbrough TS7 8RE5
£455K09/212.57 mi20, The Grove, Marton In Cleveland, Middlesbrough TS7 8AA5
£535K02/232.57 mi22a, The Grove, Marton In Cleveland, Middlesbrough TS7 8AA5
£490K02/212.6 mi23, The Grove, Marton In Cleveland, Middlesbrough TS7 8AB5
£340K06/212.6 mi5, Roseland Crescent, Marton In Cleveland, Middlesbrough TS7 8AH5
£675K11/202.61 mi12a, The Village, Marton In Cleveland, Middlesbrough TS7 8BE5
£130K12/202.67 mi9a, Skippers Lane, Middlesbrough, Redcar And Cleveland TS6 0HY5
£233K09/212.68 mi18, Geltsdale, Middlesbrough TS5 8TF5
£530K12/232.69 mi44a, Church Lane, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AU5
£175K02/232.73 mi78, Langley Avenue, Thornaby, Stockton-on-tees TS17 7HF5
£127K10/202.75 mi5, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RG5
£510K06/212.75 mi2, Normanby Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NS5
£155K06/212.8 mi95, Southdean Drive, Hemlington, Middlesbrough TS8 9HJ5
£287.5K09/212.83 mi36, Ormesby Road, Normanby, Middlesbrough, Redcar And Cleveland TS6 0HS5
£197.8K12/202.89 mi118, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RZ5
£640K11/222.92 mi95, Low Lane, Middlesbrough TS5 8EF5
£367.5K09/212.99 mi9, Rosemoor Close, Marton In Cleveland, Middlesbrough TS7 8LQ5

Local Area Statistics

Population in TS1

16,984

Population in Middlesbrough

189,245

Town centre distance

2 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Price changed to £120,000

February 16, 2025

Listed for £150,000

February 3, 2025

Description

**Guide Price £150,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT

For sale by unconditional online auction on the 26th of February 2025.

Registration is now open, bidding opens on 26th of February at 10:00 and ends on 26th of February at 12:35.**

5 Bedroom HMO Available for Sale Via Auction

Description
5 Bedroom HMO Available for Sale Via Auction, One room rented out for £350.00 per calander month.

Situated in a convenient location, this home provides ample space and flexibility to suit a variety of needs.

Key Features:

Five well-proportioned bedrooms, offering space for family, guests, or home office use.
Large living room, perfect for entertaining or relaxing.
Practical kitchen with plenty of storage and workspace.
Family bathroom and additional WC for convenience.
Private rear garden, ideal for outdoor activities or relaxation.

Tenure
Freehold

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Town & Country Property Auctions, Normanby

01644 714343

Next Steps?

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