2 Bed Terraced House, Single Let, Middlesbrough, TS3 6PZ, £60,000

Henry Street, Middlesbrough, TS3 6PZ - 2 views - 2 months ago

BTL
ROI: 17%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£30K - £140K
Sold Prices/m²£349/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£62,929
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£475 - £795

Rent Estimate

£575

Running Costs/mo

£323

Cashflow/mo

£253

Cashflow/yr

£3,030

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £30K to £140K, average is £70K. £349/m² to £2.1K/m², average is £946/m².

PriceDateDistanceAddressBeds 
£40.5K03/230.03 mi10, Stainton Street, Middlesbrough TS3 6QF2
£50K12/220.04 mi2, Mccreton Street, Middlesbrough TS3 6QA2
£30K11/200.08 mi11, Coronation Street, Middlesbrough TS3 6QH2
£43K06/210.1 mi21, Thornton Street, Middlesbrough TS3 6PG2
£118K08/210.13 mi5, Millfield Road, Middlesbrough TS3 6ES2
£100K05/230.13 mi11, Millfield Road, Middlesbrough TS3 6ES2
£48K03/230.13 mi2, Norcliffe Street, Middlesbrough TS3 6PS2
£88K06/230.14 mi23, Livingstone Road, Middlesbrough TS3 6ET2
£49K08/230.14 mi11, Livingstone Road, Middlesbrough TS3 6ET2
£36K07/210.16 mi5, Deacon Street, Middlesbrough TS3 6PB2
£42K03/210.16 mi27, Kindersley Street, Middlesbrough TS3 6PW2
£45K03/230.2 mi25, Coltman Street, Middlesbrough TS3 6JA2
£30K06/210.2 mi35, Dorothy Street, Middlesbrough TS3 6JD2
£70K06/210.21 mi25, Thomas Street, Middlesbrough TS3 6JE2
£40K03/210.22 mi16, Maria Street, Middlesbrough TS3 6JQ2
£52K01/230.25 mi106, Beaumont Road, Middlesbrough TS3 6NP2
£45K03/230.28 mi5, Herbert Street, Middlesbrough TS3 6JR2
£45K03/230.43 mi15, Benedict Street, Middlesbrough TS3 6DT2
£82.5K07/210.46 mi9, Westerdale Road, Middlesbrough TS3 7RQ2
£48.5K04/210.5 mi35, Saltwells Road, Middlesbrough TS4 2EB2
£44K11/200.51 mi7, Lytton Street, Middlesbrough TS4 2BZ2
£75K01/230.51 mi26, Delarden Road, Middlesbrough TS3 8JR2
£95K08/210.53 mi80, Highfield Road, Middlesbrough TS4 2QP2
£140K09/230.53 mi62, Highfield Road, Middlesbrough TS4 2QP2
£71K11/200.53 mi43, Merlin Road, Middlesbrough TS3 8EB2
£78.5K04/230.58 mi146, Ingram Road, Middlesbrough TS3 7BU2
£105K12/200.58 mi62, Roseberry Road, Middlesbrough TS4 2LL2
£75K10/210.59 mi129, Ingram Road, Middlesbrough TS3 7BX2
£105K12/220.61 mi2, Gilling Walk, Middlesbrough TS3 7PG2
£70K06/210.64 mi2, Chevin Walk, Middlesbrough TS3 7QD2
£110K09/230.65 mi106, Lansdowne Road, Middlesbrough TS4 2QS2
£77K11/220.66 mi16, Angle Street, Middlesbrough TS4 2JA2
£60K05/210.66 mi22, Angle Street, Middlesbrough TS4 2JA2
£80K02/230.66 mi32, Angle Street, Middlesbrough TS4 2JA2
£81K12/220.68 mi19, Cannock Road, Middlesbrough TS3 7NU2
£103K11/220.68 mi42, Crossfell Road, Middlesbrough TS3 7PX2
£91K12/220.7 mi11, Toronto Crescent, Middlesbrough TS4 2NA2
£106K11/230.7 mi15, Egmont Road, Middlesbrough TS4 2HU2
£100K07/220.7 mi32, Newstead Road, Middlesbrough TS4 2HJ2
£68K08/230.71 mi58, Byelands Street, Middlesbrough TS4 2HP2
£61.5K11/200.72 mi34, Talbot Street, Middlesbrough TS1 3EP2
£82K08/220.72 mi178, Roseberry Road, Middlesbrough TS4 2QF2
£66K02/210.73 mi23, Hoskins Way, Middlesbrough TS3 8NJ2
£120K07/210.74 mi4, Stanhope Gardens, Middlesbrough TS4 2QA2
£48.5K01/210.75 mi27, Esher Street, Middlesbrough TS1 3EN2
£63K05/210.75 mi26, Roscoe Street, Middlesbrough TS1 3HN2
£52.5K03/210.75 mi9, Roscoe Street, Middlesbrough TS1 3HN2
£65.5K04/210.76 mi5, Duncombe Road, Middlesbrough TS4 2FE2
£85K06/230.77 mi11, Brigham Road, Middlesbrough TS3 7DG2
£115K05/220.78 mi9, Stadium Gardens, Middlesbrough TS4 2WF2

Local Rents

18 rents from £475/mo to £795/mo, average is £645/mo.

RentDateDistanceAddressBeds 
£69512/230.02 mi-2
£47510/240.04 mi-2
£55010/240.08 miCadogan Street, North Ormesby, Middlesbrough, North Yorkshire, TS32
£50010/240.18 mi-2
£49910/240.19 mi-2
£57510/240.2 miColtman Street, MIDDLESBROUGH2
£59504/250.23 mi-2
£57510/240.23 miPeaton Street, MIDDLESBROUGH2
£79501/250.25 mi-2
£65010/240.25 miEsk Street, Middlesbrough, TS32
£69510/240.28 mi-2
£79503/250.28 mi-2
£69510/240.28 miHerbert Street, Middlesbrough, TS32
£79503/250.29 mi-2
£79503/250.29 mi-2
£55002/250.41 mi-2
£65010/240.51 miDelarden Road, Pallister Park2
£64012/240.58 mi-2

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.35 miles away

Nearest school

0.10 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £60,000

February 6, 2025

Floor Plans

Description

  • Operational Buy To Let Property. +
  • Two Bedroom Terraced House. +
  • Close To Shops, Schooling and Amenities. +
  • Tenanted at £575PCM. +
  • Great Standard Property With Modernised Decor. +
  • Ground Floor Bathroom. +
  • Two Double Bedrooms. +
  • On Street Parking. +
  • Yield of 11.5%. +
  • Buyers Premium Fee of £3,600+VAT. +

2-Bedroom Terraced House for Sale – Henry Street, North Ormesby

We are pleased to present this fantastic investment opportunity: a two-bedroom terraced property located on Henry Street, North Ormesby.This well-maintained home is being sold with sitting tenants, generating a steady rental income of £575 per calendar month. Situated in a popular residential area, this property offers excellent potential for long-term yield and portfolio growth.Key Features: Two Generously Sized Bedrooms – Bright and spacious, ideal for a family or professional tenants. Modern Lounge – A welcoming living area with neutral décor. Fitted Kitchen – Equipped with ample storage and worktop space. Family Bathroom – Well-maintained with a modern suite. Outdoor Space – Enclosed rear yard, perfect for low-maintenance living. Double Glazing & Gas Central Heating – Ensuring comfort and energy efficiency.Location Highlights: Conveniently located near local shops, schools, and amenities. Excellent transport links to Middlesbrough town centre and beyond. Within walking distance of parks and green spaces.This property is perfect for landlords seeking a reliable, income-generating investment. With tenants already in situ, you can start earning from day one!Additional Information: Tenure: Freehold Current Rental Income: £575PCM EPC Rating: DViewings by appointment only.Contact us today to arrange your viewing and secure this fantastic investment opportunity!

Agent Details

Property Express, Normanby

01642 056244

Next Steps?

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