3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 8QT, £220,000

Farley Drive, Acklam, TS5 8QT - 2 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£75K - £240K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£149,233

 

 

End Value (After Refurb)

£193,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£36,697

Bridging Loan Interest

£5,775

Total Cash In

£107,022

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,250

Mortgage (After Refinance)

£144,938

Mortgage LTV

75%

Cash Left In

£107,022

Equity

£48,313

Rent Range

£636 - £950

Rent Estimate

£808

Running Costs/mo

£786

Cashflow/mo

£22

Cashflow/yr

£270

ROI

0%

Gross Yield

4%

Local Sold Prices

53 sold prices from £75K to £240K, average is £147K. £1.1K/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£130K11/200.02 mi25, Farley Drive, Middlesbrough TS5 8QT3
£182.5K03/230.07 mi5, Hadnall Close, Middlesbrough TS5 8QP3
£135K01/210.08 mi14, Minsterley Drive, Middlesbrough TS5 8QR3
£167K08/210.08 mi34, Minsterley Drive, Middlesbrough TS5 8QR3
£160K06/230.12 mi21, Minsterley Drive, Middlesbrough TS5 8QU3
£155K11/200.12 mi32, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.12 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£170K08/230.12 mi39, Asterley Drive, Middlesbrough TS5 8QE3
£120K05/210.17 mi93, Chalford Oaks, Middlesbrough TS5 8QQ3
£148K06/230.18 mi13, Asterley Drive, Middlesbrough TS5 8QD3
£196.5K02/230.23 mi113, Mandale Road, Middlesbrough TS5 8AN3
£161K02/210.23 mi44, Chalford Oaks, Middlesbrough TS5 8QG3
£230K08/230.26 mi42, Heythrop Drive, Middlesbrough TS5 8QB3
£230K08/230.26 mi42, Heythrop Drive, Middlesbrough TS5 8QB3
£156.5K04/240.3 mi60, Mandale Road, Middlesbrough TS5 8AS3
£110K03/230.3 mi78, Levick Crescent, Middlesbrough TS5 4RA3
£165K03/240.31 mi63, Mandale Road, Middlesbrough TS5 8AE3
£100K05/210.32 mi11, Corby Avenue, Middlesbrough TS5 4RD3
£130K08/230.32 mi9, Corby Avenue, Middlesbrough TS5 4RD3
£199.9K08/230.33 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£199.9K08/230.33 mi27, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£147K08/220.34 mi36, Stoneleigh Avenue, Middlesbrough TS5 8AT3
£190K02/230.34 mi17, Stoneleigh Avenue, Middlesbrough TS5 8AR3
£115K02/230.35 mi16, Downside Road, Middlesbrough TS5 4QS3
£101.5K07/230.37 mi20, Downside Road, Middlesbrough TS5 4QS3
£140K09/230.37 mi27, Downside Road, Middlesbrough TS5 4QT3
£120K08/210.38 mi5, Endsleigh Drive, Middlesbrough TS5 4RG3
£170K11/200.38 mi57, Ruskin Avenue, Middlesbrough TS5 8PG3
£110K01/230.38 mi19, Endsleigh Drive, Middlesbrough TS5 4RG3
£112K06/230.38 mi8, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£93K08/230.38 mi43, Stoneyhurst Avenue, Middlesbrough TS5 4RE3
£143.5K05/230.39 mi44, Preen Drive, Middlesbrough TS5 8AJ3
£190K12/200.41 mi2, Rushleigh Avenue, Middlesbrough TS5 8PF3
£182K01/210.43 mi3, Whitton Close, Middlesbrough TS5 8PR3
£152K04/230.43 mi70, Chadderton Drive, Thornaby, Stockton-on-tees TS17 9QB3
£145K08/230.43 mi90, Chadderton Drive, Thornaby, Stockton-on-tees TS17 9QB3
£80K11/200.43 mi4, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QA3
£240K04/230.43 mi25, Lodore Grove, Middlesbrough TS5 8PB3
£135K07/230.45 mi21, Priory Road, Middlesbrough TS5 4RF3
£92K12/230.45 mi7, Priory Road, Middlesbrough TS5 4RF3
£82K02/210.45 mi29, Manton Avenue, Whinney Banks, Middlesbrough TS5 4QB3
£93.5K07/210.45 mi53, Endsleigh Drive, Middlesbrough TS5 4RQ3
£154.3K11/230.45 mi3, Watton Road, Thornaby, Stockton-on-tees TS17 9QD3
£200K06/230.45 mi4, Mandale Road, Middlesbrough TS5 8AB3
£137K06/210.46 mi32, Helston Court, Thornaby, Stockton-on-tees TS17 9QE3
£158K03/210.47 mi9, Ruskin Avenue, Middlesbrough TS5 8PJ3
£110K11/210.47 mi40, Ashford Avenue, Middlesbrough TS5 4QW3
£75K04/210.47 mi52, Pannell Avenue, Middlesbrough TS5 4PY3
£174K01/210.48 mi4, Marlsford Grove, Middlesbrough TS5 8PH3
£95K10/230.48 mi3, Pannell Avenue, Middlesbrough TS5 4PX3
£137.5K03/210.49 mi17, Newfield Crescent, Middlesbrough TS5 8RE3
£140K01/210.49 mi9, Croft Avenue, Middlesbrough TS5 8AH3
£180K09/230.5 mi23, Keswick Grove, Middlesbrough TS5 8PN3

Local Rents

15 rents from £636/mo to £950/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75002/240.15 mi-3
£95004/250.23 mi-3
£95005/240.3 mi-3
£85008/240.34 mi-3
£85009/240.34 mi-3
£85003/250.34 mi-3
£89504/240.38 mi-3
£63609/240.49 mi-3
£85010/240.53 miTrimdon Avenue, Middlesbrough3
£85001/250.54 mi-3
£78010/240.55 mi71 Mitchell Avenue, Thornaby, TS17 9DH3
£80009/230.58 mi-3
£79503/240.58 mi-3
£69510/240.61 mi-3
£95004/250.61 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

3.20 miles away

Nearest school

0.30 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £220,000

February 10, 2025

Floor Plans

Description

  • Modernised, Upgraded & Refined in Recent Years +
  • A Traditional Style Bay Fronted Semi Detached with Three Bedrooms +
  • Perfect for Families & Young Couples +
  • Really Nicely Turned Out, Good Size & West Facing Rear Garden with Access to the Greenbelt +
  • Comfortable Front Lounge & Separate Rear Reception Room +
  • Stunning Bathroom with a Four Piece Suite & Roll Top Bath +
  • Brilliantly Large Open Plan Kitchen/Diner with Modern Green Shaker Design Cabinets & Patio Doors to Garden +
  • Garage & Driveway with Parking for Multiple Cars +
  • UPVC Double Glazed Windows & Stylish Composite Front Door +
  • Central Heating with a Combi Boiler +

This traditional style bay fronted Acklam semi with three bedrooms has a brilliant, family friendly layout and a fab rear garden which is both a great size and west facing.

The property has seen a lot of modernisations and updating in recent years, the end results a superb family home that’s ready to move straight into!

Location wise, this area of Acklam has such a lot going for it. Walk to Acklam Grange Secondary School in under ten minutes and you can get onto the A19 & A66 very easily. There is also miles of green open space close by.

The ground floor comprises hallway that leads to a comfortable lounge, rear lounge and an open plan kitchen/diner. On the first floor there are three bedrooms and bathroom with a four piece suite and the loft space has been part boarded to make for some additional storage.

Other notable features include a garage, plenty of all important car parking space, UPVC double glazed windows and stylish composite doors and central heating with a combi boiler.

Tenure - Freehold

Council Tax Band C

Agent Details

Michael Poole, Middlesbrough

01642 049224

Next Steps?

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