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3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS7 9QA, £55,000

Ainsworth Way, Middlesbrough, North Yorkshire, TS7 9QA - 9 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+1 photos

ValuationFair Value

Sold Prices£52K - £246K
Sold Prices/m²£700/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£591/m²

Value Estimate

£55,550

 

 

End Value (After Refurb)

£126,488

Uplift in Value

+130%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Refurb Costs

£36,697

Bridging Loan Interest

£1,444

Total Cash In

£56,491

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£126,488

Agent Fees (1%)

£1,265

Bridging Loan

£41,250

Bridging Loan Interest

£1,444

Flip Profit

£27,482

Local Sold Prices

50 sold prices from £52K to £246K, average is £100.3K. £700/m² to £3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£130K11/200.1 mi57, Normanby Road, Ormesby, Middlesbrough TS7 9NU3
£80K01/210.1 mi51, Starbeck Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QG3
£145K03/210.17 mi83, Normanby Road, Ormesby, Middlesbrough TS7 9NX3
£170K12/200.18 mi19, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HN3
£192.5K08/230.19 mi12, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HP3
£87K09/220.2 mi113, Ainsworth Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QD3
£132K09/210.21 mi5, Poppy Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JG3
£246K12/200.21 mi48, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HF3
£225K08/220.23 mi17, Meredith Avenue, Middlesbrough, Redcar And Cleveland TS6 0HW3
£95K08/230.23 mi2, Allendale Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LF3
£177.9K11/230.24 mi24, Westfield Close, Middlesbrough, Redcar And Cleveland TS6 0HX3
£130K07/210.24 mi7, Westfield Close, Middlesbrough, Redcar And Cleveland TS6 0HX3
£88K08/220.25 mi16, Allendale Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LF3
£83K05/230.26 mi14, Stapleford Road, Middlesbrough TS3 0QW3
£105K06/230.26 mi6, Stapleford Road, Middlesbrough TS3 0QW3
£95K12/220.27 mi45, Sedgebrook Gardens, Middlesbrough TS3 0QP3
£120K11/220.28 mi2, Springlea, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PP3
£240K10/220.28 mi35, Westfield Road, Middlesbrough, Redcar And Cleveland TS6 0HU3
£65K01/210.31 mi49, Ryhill Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JZ3
£98K01/230.32 mi7, Thursby Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JH3
£85K11/230.32 mi29, Tebay Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JU3
£130K12/200.32 mi25, Scott Road, Middlesbrough, Redcar And Cleveland TS6 0JB3
£111K07/210.32 mi16, Scott Road, Middlesbrough, Redcar And Cleveland TS6 0JB3
£100K06/210.33 mi12, Cherry Tree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PH3
£100.6K02/240.34 mi3, Cherry Tree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PH3
£72.5K03/210.34 mi10, Gaisgill Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LZ3
£85K10/230.34 mi43, Tebay Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JX3
£120K11/220.35 mi6, Birchtree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PQ3
£150K04/210.35 mi17, Birchtree Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PQ3
£174K12/230.35 mi4, Linton Road, Middlesbrough, Redcar And Cleveland TS6 0HZ3
£115K06/210.35 mi11, Lobelia Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PJ3
£100K02/230.36 mi7, Pennyman Close, Normanby, Middlesbrough, Redcar And Cleveland TS6 0JG3
£74K06/210.37 mi6, Bamburgh Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LS3
£52K03/210.37 mi11, Chathill Walk, Overfields, Middlesbrough, Redcar And Cleveland TS7 9LX3
£70K04/210.38 mi15, Staveley Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JR3
£81.5K09/210.39 mi69, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE3
£78K08/210.39 mi53, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE3
£186K08/230.39 mi8, Southwark Close, Middlesbrough, Redcar And Cleveland TS6 0SE3
£80K10/200.39 mi163, Fulbeck Road, Middlesbrough TS3 0RR3
£117.3K02/240.4 mi48, Conifer Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PL3
£101.5K04/210.4 mi37, Conifer Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PL3
£150K07/230.4 mi77, Skippers Lane, Normanby, Middlesbrough, Redcar And Cleveland TS6 0JE3
£128K11/200.4 mi22, Meadowcroft Road, Middlesbrough, Redcar And Cleveland TS6 0JD3
£90K12/220.41 mi27, Thursby Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JJ3
£78K12/220.43 mi4, Norham Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LH3
£75K03/230.43 mi16, Cornhill Walk, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LW3
£52.5K04/210.45 mi22, Bywell Grove, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LL3
£97.5K08/210.45 mi17, Bywell Grove, Ormesby, Middlesbrough TS7 9LL3
£130K04/210.46 mi30, Esher Avenue, Normanby, Middlesbrough, Redcar And Cleveland TS6 0SH3
£85K12/220.46 mi50, Glentworth Avenue, Middlesbrough TS3 0QH3

Local Rents

19 rents from £575/mo to £995/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65012/240.1 mi-3
£65010/240.28 miStapleford Road, Middlesbrough3
£67510/240.32 miCherry Tree Close, Ormesby,3
£66003/250.32 mi-3
£64808/240.37 mi-3
£70012/240.37 mi-3
£60010/230.39 mi-3
£62510/240.39 mi-3
£69506/240.42 mi-3
£59502/240.44 mi-3
£65010/240.45 miGlentworth Avenue, Middlesbrough3
£57502/240.48 mi-3
£62501/250.48 mi-3
£67502/240.49 mi-3
£70010/240.5 miCrowland Avenue, Middlesbrough3
£99510/240.53 mi-3
£90003/250.53 mi-3
£62510/240.62 miThe Jennings, Normanby, Middlesbrough, TS6 0LL3
£80003/250.62 mi-3

Links

Local Area Statistics

Population in TS7

22,058

Population in Middlesbrough

189,245

Town centre distance

0.89 miles away

Nearest school

0.20 miles away

Nearest train station

1.25 miles away

 

 

Rental growth (12m)

+53%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £55,000

February 6, 2025

Description

  • Investment opportunity +
  • Rental income of £650 to £675 per month +
  • Three spacious bedrooms +
  • Close to local amenities +
  • Huge potential +

Investment Opportunity 3-Bedroom Property on Ainsworth Way

This three bedroom property offers a fantastic opportunity for investors looking to add value through refurbishment. Requiring a full renovation to bring it up to a rentable standard, the property has great potential to generate a rental income of approximately £650-£676 per month once modernized.

Situated in a prime location, the property benefits from excellent transport links, with easy access to motorways, making commuting convenient. Local amenities, including shops and schools, are within close reach, adding to its appeal for potential tenants.

With strong rental demand in the area, this property presents an excellent chance to maximize returns through refurbishment. Whether you're an experienced investor or looking for your next project, this home offers great potential. Viewing is highly recommended to appreciate the possibilities it holds.

Agent Details

JOSEPH HARRIS ESTATE AGENTS LTD, Middlesborough

01642 056299

Next Steps?

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

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