Potential 4-Bed HMO, Middlesbrough, TS1 3HJ, £85,000

Falmouth Street, Middlesbrough, North Yorkshire, TS1 3HJ - 16 views - 2 months ago

Sold STC
HMO
ROI: 28%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£42K - £150K
Sold Prices/m²£522/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£100,191
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Room Rate

£396

Gross Rent

£1,584

Running Costs/mo

£1,001

Cashflow/mo

£583

Cashflow/yr

£7,000

ROI

28%

Gross Yield

22%

Local Sold Prices

50 sold prices from £42K to £150K, average is £92.5K. £522/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£57.5K11/220.1 mi30, Egerton Street, Middlesbrough TS1 3LT3
£99K10/200.13 mi227, Marton Road, Middlesbrough TS4 2ES3
£55K01/230.14 mi116, Park Lane, Middlesbrough TS1 3LL3
£111K10/200.14 mi1a, Egmont Road, Middlesbrough TS4 2HT3
£85K07/230.14 mi5, Egmont Road, Middlesbrough TS4 2HT3
£135K10/230.14 mi4, Egmont Road, Middlesbrough TS4 2HT3
£45K10/230.17 mi30, Egmont Road, Middlesbrough TS4 2HY3
£60K03/240.17 mi25, Egmont Road, Middlesbrough TS4 2HY3
£70K11/220.19 mi33, Acton Street, Middlesbrough TS1 3NA3
£87K10/200.19 mi73, Lothian Road, Middlesbrough TS4 2HL3
£65K10/210.19 mi10, Stamford Street, Middlesbrough TS1 3EW3
£70K10/210.19 mi14, Stamford Street, Middlesbrough TS1 3EW3
£78K01/210.2 mi5, Myrtle Street, Middlesbrough TS1 3EB3
£77.5K02/210.28 mi41, Wellesley Road, Middlesbrough TS4 2DQ3
£85K01/240.28 mi68, Wellesley Road, Middlesbrough TS4 2DQ3
£87.5K05/240.28 mi59, Wellesley Road, Middlesbrough TS4 2DQ3
£138K01/230.29 mi34, Bridgewater Court, Middlesbrough TS4 2GE3
£130K10/230.29 mi11, Bridgewater Court, Middlesbrough TS4 2GE3
£93K10/210.34 mi23, Saltwells Crescent, Middlesbrough TS4 2DX3
£62K03/210.35 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£122K02/230.35 mi11, St Johns Close, Middlesbrough TS4 2FG3
£71K05/210.35 mi64, Saltwells Road, Middlesbrough TS4 2DZ3
£95K01/230.35 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£82K12/230.36 mi137, Saltwells Road, Middlesbrough TS4 2DT3
£89K03/230.36 mi83, Saltwells Road, Middlesbrough TS4 2DT3
£137.5K11/220.36 mi24, Lansdowne Road, Middlesbrough TS4 2LN3
£110K02/210.36 mi7, Manitoba Gardens, Middlesbrough TS4 2NJ3
£92K04/210.36 mi63, Lytton Street, Middlesbrough TS4 2DD3
£75K03/210.37 mi6, Manitoba Gardens, Middlesbrough TS4 2NJ3
£150K10/230.37 mi27, Lansdowne Road, Middlesbrough TS4 2LW3
£125K06/230.37 mi11, Lansdowne Road, Middlesbrough TS4 2LW3
£125K11/220.38 mi324, Marton Road, Middlesbrough TS4 2NU3
£135K08/210.38 mi8, Marathon Court, Middlesbrough TS4 2WE3
£135K05/230.38 mi21, Palin Close, Middlesbrough TS4 2FF3
£120K02/230.38 mi123, Saltwells Road, Middlesbrough TS4 2DT3
£42K08/210.39 mi28, Montrose Street, Middlesbrough TS1 2HU3
£87K10/200.39 mi5, Vancouver Gardens, Middlesbrough TS4 2NH3
£101K11/200.39 mi16, Saltwater Court, Middlesbrough TS4 2AQ3
£116K10/210.39 mi25, Ingleby Road, Middlesbrough TS4 2JU3
£109.5K03/230.39 mi3, Ingleby Road, Middlesbrough TS4 2JU3
£90K05/230.42 mi4, Albert Terrace, Middlesbrough TS1 3PB3
£102K11/230.42 mi30, Ottawa Road, Middlesbrough TS4 2ND3
£109K10/200.43 mi53, Nut Lane, Middlesbrough TS4 2NF3
£89K01/210.43 mi25, Nut Lane, Middlesbrough TS4 2NF3
£140K10/220.43 mi47, Nut Lane, Middlesbrough TS4 2NF3
£51K08/210.45 mi34, Alphonsus Street, Middlesbrough TS3 6DZ3
£101K11/200.45 mi382, Marton Road, Middlesbrough TS4 2NU3
£85K02/210.45 mi352, Marton Road, Middlesbrough TS4 2NU3
£148K11/230.45 mi1, Bilsdale Road, Middlesbrough TS4 2LQ3
£115K09/220.45 mi11, Bilsdale Road, Middlesbrough TS4 2LQ3

Local Area Statistics

Population in TS1

16,984

Population in Middlesbrough

189,245

Town centre distance

1.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £85,000

February 5, 2025

Description

  • Available now +
  • Project property +
  • Possible HMO subject to planning +
  • Central location +

Magnum Properties are proud to present this 3 bedroom terraced house in Middlesbrough.

A fantastic investment opportunity! This spacious three-bedroom terraced property, ideally located near Teesside University, offers excellent potential as a student or family let. With a competitive price and ample scope to increase value, it's perfect for buyers looking for a rewarding project.

The property benefits from double glazing, and has ample on street parking available outside.

Excellent transport connections can be found from the A19, A66 and Middlesbrough train station. This exciting opportunity should not be missed.

Summary:

Large three-bedroom terraced property
Available now
Project property
Possible HMO subject to planning
Central location
Viewings:

Should you require any further information, or would like to arrange a viewing, please contact Magnum Properties.

Agent Details

Magnum Properties Ltd, Middlesbrough

01642 056337

Next Steps?

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