3 Bed Terraced House, Refurb/BRRR, Stockton-on-Tees, TS17 6LT, £55,000

Grange Road, Thornaby, Stockton-On-Tees, TS17 6LT - 30 views - 2 months ago

BTL
Refurb/BRRR
ROI: 6%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£40K - £135K
Sold Prices/m²£405/m² - £1.6K/m²

 

 

Square Metres

~93 m²
Price/m²£591/m²

Value Estimate

£56,650
BMV3%

 

 

End Value (After Refurb)

£88,028

Uplift in Value

+60%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Refurb Costs

£36,849

Bridging Loan Interest

£1,444

Total Cash In

£56,643

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£88,028

Mortgage (After Refinance)

£66,021

Mortgage LTV

75%

Cash Released

£24,771

Cash Left In

£31,871

Equity

£22,007

Rent Range

£600 - £900

Rent Estimate

£748

Running Costs/mo

£445

Cashflow/mo

£303

Cashflow/yr

£3,640

ROI

6%

Gross Yield

16%

Local Sold Prices

50 sold prices from £40K to £135K, average is £77.5K. £405/m² to £1.6K/m², average is £846/m².

PriceDateDistanceAddressBeds 
£71K08/210.01 mi49, Grange Road, Thornaby, Stockton-on-tees TS17 6LT3
£98K01/230.02 mi2, Grange Road, Thornaby, Stockton-on-tees TS17 6LU3
£60K10/200.07 mi22, Lanehouse Road, Thornaby, Stockton-on-tees TS17 8AG3
£88K11/230.07 mi8, Lanehouse Road, Thornaby, Stockton-on-tees TS17 8AG3
£92.5K06/210.07 mi197, Thornaby Road, Thornaby, Stockton-on-tees TS17 6LS3
£86K04/230.08 mi39, St Pauls Road, Thornaby, Stockton-on-tees TS17 6LH3
£58.5K11/230.09 mi70, Victoria Road, Thornaby, Stockton-on-tees TS17 6HH3
£75K10/230.09 mi44, Victoria Road, Thornaby, Stockton-on-tees TS17 6HH3
£67.5K03/230.1 mi59, Stranton Street, Thornaby, Stockton-on-tees TS17 6LN3
£80K09/230.1 mi40, Chestnut Grove, Thornaby, Stockton-on-tees TS17 8AJ3
£82K02/230.11 mi36, Lanehouse Road, Thornaby, Stockton-on-tees TS17 8AD3
£84K01/240.12 mi13, Church Close, Thornaby, Stockton-on-tees TS17 6LB3
£50K01/240.12 mi3, Oxford Road, Thornaby, Stockton-on-tees TS17 6LJ3
£51K10/230.14 mi2, Linden Grove, Thornaby, Stockton-on-tees TS17 8DR3
£42.5K12/200.14 mi26, Stranton Street, Stockton-on-tees TS17 6LL3
£40K12/200.14 mi8, Stranton Street, Stockton-on-tees TS17 6LL3
£75K08/230.15 mi4, Fir Grove, Thornaby, Stockton-on-tees TS17 8DN3
£67.9K11/210.17 mi162, Westbury Street, Thornaby, Stockton-on-tees TS17 6NB3
£64K01/210.19 mi19, Thorntree Road, Thornaby, Stockton-on-tees TS17 8AW3
£73K11/230.2 mi32, Peel Street, Thornaby, Stockton-on-tees TS17 6HL3
£57K03/210.21 mi17, Scarborough Street, Thornaby, Stockton-on-tees TS17 6HR3
£57K03/210.21 mi17, Scarborough Street, Thornaby, Stockton-on-tees TS17 6HR3
£57K03/210.21 mi17, Scarborough Street, Thornaby, Stockton-on-tees TS17 6HR3
£92.5K08/230.22 mi27, Cuthbert Close, Thornaby, Stockton-on-tees TS17 6PJ3
£48K04/210.23 mi23, Falkirk Street, Thornaby, Stockton-on-tees TS17 7HT3
£68.5K03/230.24 mi23, Roseberry View, Thornaby, Stockton-on-tees TS17 7HP3
£58K12/200.24 mi33, Camelon Street, Thornaby, Stockton-on-tees TS17 7HU3
£63K05/210.24 mi27, Camelon Street, Thornaby, Stockton-on-tees TS17 7HU3
£85K08/230.25 mi33, Gilpin Road, Thornaby, Stockton-on-tees TS17 8PF3
£127.5K03/210.26 mi70, Lanehouse Road, Thornaby, Stockton-on-tees TS17 8EA3
£120K10/230.27 mi282, Thornaby Road, Thornaby, Stockton-on-tees TS17 8PE3
£70K10/230.3 mi101, Mansfield Avenue, Thornaby, Stockton-on-tees TS17 7HZ3
£112.5K06/230.3 mi10, The Avenue, Thornaby, Stockton-on-tees TS17 7JF3
£55K02/210.32 mi9, Easton Street, Thornaby, Stockton-on-tees TS17 7DQ3
£55K02/210.32 mi9, Easton Street, Thornaby, Stockton-on-tees TS17 7DQ3
£95K09/210.32 mi16, Danby Grove, Thornaby, Stockton-on-tees TS17 8BX3
£83K10/210.32 mi15, Danby Grove, Thornaby, Stockton-on-tees TS17 8BX3
£88K03/230.32 mi10, Danby Grove, Thornaby, Stockton-on-tees TS17 8BX3
£135K02/210.34 mi303, Thornaby Road, Thornaby, Stockton-on-tees TS17 8PH3
£92.5K06/230.35 mi8, Hough Crescent, Thornaby, Stockton-on-tees TS17 8PQ3
£93K05/210.35 mi10, The Crescent, Thornaby, Stockton-on-tees TS17 8BD3
£110K03/230.36 mi4, Stannage Grove, Thornaby, Stockton-on-tees TS17 8LF3
£95K06/210.38 mi15, Park Avenue, Thornaby, Stockton-on-tees TS17 7JN3
£73.5K05/210.38 mi5, Park Avenue, Thornaby, Stockton-on-tees TS17 7JN3
£95K03/210.38 mi11, Park Avenue, Thornaby, Stockton-on-tees TS17 7JN3
£114K11/230.38 mi11, Pacific Drive, Thornaby, Stockton-on-tees TS17 8GS3
£107.5K10/200.38 mi18, Caspian Close, Thornaby, Stockton-on-tees TS17 8GU3
£100K07/210.39 mi12, Belvedere Road, Thornaby, Stockton-on-tees TS17 7JH3
£55K08/230.4 mi55, Mansfield Avenue, Thornaby, Stockton-on-tees TS17 7EG3
£95K03/210.4 mi5, Sandringham Road, Thornaby, Stockton-on-tees TS17 7JW3

Local Rents

17 rents from £600/mo to £900/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69510/240.08 miSt. Pauls Road, TS173
£70002/240.11 mi-3
£75011/240.11 mi-3
£60010/240.18 miHavelock Street, TS173
£70003/250.19 mi-3
£75003/250.22 mi-3
£65010/240.23 miFalkirk Street, Thornaby3
£65003/250.25 mi-3
£75010/240.34 mi85 Mansfield Avenue, TS173
£85001/250.38 mi-3
£65010/240.39 mi-3
£79510/240.45 miLindisfarne Avenue, Stockton-On-Tees3
£62510/240.47 miBriar Road,Thornaby,TS17 8NF3
£85010/240.48 miLindisfarne Avenue, Thornaby, STOCKTON-ON-TEES3
£88510/240.48 mi-3
£90007/240.52 mi-3
£77510/240.58 mi-3

Local Area Statistics

Population in TS17

44,647

Population in Stockton-on-Tees

149,709

Town centre distance

1.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £55,000

February 11, 2025

Floor Plans

Description

  • Ideal for Investor or Buy to Let +
  • Three Bedroom Mid-Terraced +
  • In Need of Full Refurbishment +
  • Located Close to Thornaby Town Centre +
  • On-Street Parking +
  • Close to A66 & A19 for Onward Travel +

* NO CHAIN SALE *
* IDEAL FOR BUY-TO-LET INVESTOR or DEVELOPER *

NEW TO THE MARKET, We offer for sale this Three Bedroomed mid-terraced house offering generous sized accommodation that would appeal to the growing family. However, the property would benefit from some further upgrading and improving, this property could also suit an investor/buy-to-let.

The accommodation briefly comprises of an Entrance Hall, Lounge through Diner, fitted Kitchen with Rear Lobby and Downstairs WC.
On the First Floor is a Landing, Three Bedrooms and Bathroom with separate WC.
Externally, the property has an enclosed private rear yard, and to the front is a small forecourt and on-street parking. The property is situated close to local amenities and has good transport links out to all major routes.

For a viewing contact SMITH & FRIENDS Ltd - Estate agents Ingleby Barwick, Early viewing is highly
recommended.

Ground Floor -

Entrance Hall - 3.90m x 1.63m (12'9" x 5'4") -

Lounge / Diner - 3.38m x 3.26m (11'1" x 10'8") - Dining Area - 3.90m x 2.97m

Kitchen - 5.05m x 2.77m (16'6" x 9'1") -

Utility Room - 2.39m x 2.16m (7'10" x 7'1") -

Downstairs Wc - 0.78m x 1.20m (2'6" x 3'11") -

First Floor -

Landing - 3.92m x 1.62m (12'10" x 5'3") - Additional - 1.83m x 1.61m

Bedroom 1 - 3.38m x 4.36m (11'1" x 14'3") -

Bedroom 2 - 3.91m x 2.59m (12'9" x 8'5") -

Bedroom 3 - 2.15m x 2.77m (7'0" x 9'1") -

Family Bathroom - 1.84m x 1.55m (6'0" x 5'1") -

Separate Wc - 0.83m x 1.06m (2'8" x 3'5") -

Agent Details

Smith & Friends Estate Agents, Ingleby Barwick

01642 130021

Next Steps?

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