8 Bed HMO, Middlesbrough, TS1 3BP, £270,000

88 Woodlands Road, Middlesbrough - 13 views - 2 months ago

HMO
ROI: 14%
118 m²

ValuationOvervalued

Sold Prices£60K - £306K
Sold Prices/m²£612/m² - £2K/m²

 

 

Square Metres

118 m²
Price/m²£2.3K/m²

Value Estimate

£160,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£11,900

Total Cash In

£79,400

 

 

Cash Out

 

Room Rate

£425

Gross Rent

£3,400

Running Costs/mo

£2,376

Cashflow/mo

£1,024

Cashflow/yr

£12,287

ROI

15%

Gross Yield

15%

Local Sold Prices

36 sold prices from £60K to £306K, average is £140K. £612/m² to £2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£140K06/210.21 mi31, Croydon Road, Middlesbrough TS1 3HQ4
£140K06/210.22 mi31, Croydon Road, Middlesbrough TS1 3HQ4
£88K09/230.28 mi17, Myrtle Street, Middlesbrough TS1 3EB4
£110K03/210.28 mi41, Lothian Road, Middlesbrough TS4 2HS4
£164K11/200.31 mi5, Ceremony Wynd, Middlesbrough TS4 2WG4
£185K06/230.35 mi91a, Borough Road, Middlesbrough TS1 3AA4
£120K02/210.37 mi222, Borough Road, Middlesbrough TS1 2EQ4
£120K03/230.44 mi172, Marton Road, Middlesbrough TS1 2ED4
£66.5K02/210.48 mi18, Oxford Street, Middlesbrough TS1 4NN4
£85K01/230.48 mi33, Kensington Road, Middlesbrough TS5 6AJ4
£119K01/210.48 mi75, Kensington Road, Middlesbrough TS5 6AJ4
£165K10/220.52 mi15, Roseberry Road, Middlesbrough TS4 2LH4
£122K08/210.56 mi7, Canterbury Grove, Middlesbrough TS5 6NS4
£145K11/210.56 mi25, Canterbury Grove, Middlesbrough TS5 6NS4
£115K04/210.57 mi10, Saltwater Court, Middlesbrough TS4 2AQ4
£75K02/230.61 mi81, Costa Street, Middlesbrough TS1 4PJ4
£180K06/210.71 mi16, Maddren Way, Middlesbrough TS5 5BB4
£170K05/240.71 mi2, Maddren Way, Middlesbrough TS5 5BB4
£160K07/210.71 mi15, Maddren Way, Middlesbrough TS5 5BB4
£110K05/230.71 mi75, Westbourne Grove, North Ormesby, Middlesbrough TS3 6EE4
£194K10/230.77 mi41, The Ridings, Middlesbrough TS4 2WA4
£162K01/210.77 mi6, Windsor Road, Middlesbrough TS5 6DR4
£136K09/210.79 mi30, Devonshire Road, Middlesbrough TS5 6DP4
£164.9K08/230.81 mi7, Queens Road, Middlesbrough TS5 6EF4
£130K12/230.81 mi44, Clough Close, Middlesbrough TS5 5DW4
£290K06/210.83 mi11a, Sycamore Road, Middlesbrough TS5 6QX4
£306K06/210.84 mi29, Sycamore Road, Middlesbrough TS5 6QX4
£155K04/210.85 mi28, Raines Court, Middlesbrough TS4 2AL4
£200K04/210.86 mi14, Sycamore Road, Middlesbrough TS5 6RA4
£167K01/210.87 mi111, Raines Court, Middlesbrough TS4 2AN4
£240K04/210.89 mi11, Limes Road, Middlesbrough TS5 6RQ4
£100K01/240.92 mi2, Keith Road, Middlesbrough TS4 2XA4
£60K06/210.92 mi89, Kings Road, North Ormesby, Middlesbrough TS3 6EY4
£299K09/230.92 mi74, The Avenue, Middlesbrough TS5 6SB4
£140K04/240.93 mi16, Belle Vue Road, Middlesbrough TS5 5AQ4
£72K02/230.93 mi97, Kings Road, North Ormesby, Middlesbrough TS3 6EY4

Local Area Statistics

Population in TS1

16,984

Population in Middlesbrough

189,245

Town centre distance

2.01 miles away

Nearest school

0.30 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

Price changed to £270,000

March 8, 2025

Listed for £290,000

February 6, 2025

Floor Plans

Description

  • QUOTE REF: IP0768 WHEN CALLING TO ARRANGE YOUR VIEWING, OR, FOR MORE INFORMATION. +
  • ONE FREEHOLD - OVER 200SQFT +
  • CURRENTLY GROUND FLOOR FLAT & 1ST/2ND FLOOR FLAT +
  • HMO LICENCE +
  • EIGHT LETABLE BEDROOMS +
  • EIGHT BATHROOMS +
  • TWO COMMUNAL LOUNGES +
  • DOUBLE GLAZING GAS CENTRAL HEATING +
  • OFF STREET PARKING +
  • EPC RATINGS GROND FLR D - UPPER FLOORS C +

QUOTE REF: IP0768 WHEN CALLING TO ARRANGE YOUR VIEWING, OR, FOR MORE INFORMATION.  A must see property sitting in the heart of Middlesbrough's lively rental market.  Currently, the property is split into two flats.  A ground floor flat and the two upper floors as a subsequent flat.  The property is on a single freehold and with the requisite HMO licences in place, ready for the next owner to take ownership.  Suited to a number of potential uses, it very briefly comprises; entrance door, inner hall, ground floor flat.  Communal kitchen/lounge/diner, three bedrooms with three ensuites.  The upper floor flat has a communal kitchen/diner/lounge, five bedrooms, five shower rooms/wc.  Two gas central heating boilers, as well as gas boilers for the hot water systems,  pVCU double glazing, off street parking to the front, rear yard.  Call for more information.

Agent Details

eXp UK, North East

03304 609968

Next Steps?

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