2 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS6 8DF, £85,000

5 Glaisdale Road, Middlesbrough, TS6 8DF - 8 views - 2 months ago

Refurb/BRRR
ROI: 2%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£50K - £199.9K
Sold Prices/m²£663/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£85,850

 

 

End Value (After Refurb)

£118,470

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£26,876

Bridging Loan Interest

£2,231

Total Cash In

£55,857

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£118,470

Mortgage (After Refinance)

£88,852

Mortgage LTV

75%

Cash Released

£25,102

Cash Left In

£30,755

Equity

£29,617

Rent Range

£480 - £750

Rent Estimate

£605

Running Costs/mo

£511

Cashflow/mo

£94

Cashflow/yr

£1,125

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £199.9K, average is £113.5K. £663/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£133K09/230.08 mi17, Oldgate, Middlesbrough, Redcar And Cleveland TS6 9LP2
£79K11/200.1 mi14, Moorgate, Middlesbrough, Redcar And Cleveland TS6 9QE2
£105K11/200.11 mi229, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JH2
£115K10/210.11 mi9, Highgate, Middlesbrough, Redcar And Cleveland TS6 9LN2
£124K03/240.14 mi29, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JP2
£100K11/200.14 mi29, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JP2
£154K12/220.16 mi16, Maygate, Middlesbrough, Redcar And Cleveland TS6 9LL2
£94K01/210.19 mi28, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JB2
£117.5K06/230.24 mi77, Parkgate, Eston, Middlesbrough, Redcar And Cleveland TS6 9LE2
£112K08/230.24 mi59, Parkgate, Eston, Middlesbrough, Redcar And Cleveland TS6 9LE2
£72K06/210.25 mi16, South Lackenby, Eston, Middlesbrough, Redcar And Cleveland TS6 8DL2
£85K09/230.27 mi74, Cleveland Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9JR2
£105K01/230.27 mi75, Cleveland Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9JR2
£108.5K02/230.28 mi26, The Square, Middlesbrough, Redcar And Cleveland TS6 9JU2
£86K08/210.28 mi30, Cross Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9JY2
£170K02/230.28 mi24, Stonegate, Eston, Middlesbrough, Redcar And Cleveland TS6 9NP2
£96K07/210.28 mi26, The Square, Middlesbrough, Redcar And Cleveland TS6 9JU2
£97.5K02/230.29 mi5, Old Row, Middlesbrough, Redcar And Cleveland TS6 9JX2
£199.9K03/240.3 mi53, Stonegate, Eston, Middlesbrough, Redcar And Cleveland TS6 9NP2
£175K11/230.3 mi2, Stonegate, Eston, Middlesbrough, Redcar And Cleveland TS6 9NP2
£50K03/230.3 mi104, East Row, Eston, Middlesbrough, Redcar And Cleveland TS6 9JN2
£105K01/240.32 mi142, West Row, Eston, Middlesbrough, Redcar And Cleveland TS6 9JW2
£105K12/200.32 mi122, West Row, Eston, Middlesbrough, Redcar And Cleveland TS6 9JW2
£152K01/230.35 mi31, Ripon Way, Eston, Middlesbrough, Redcar And Cleveland TS6 9NE2
£120K08/230.37 mi14, Rothwell Mews, Eston, Middlesbrough, Redcar And Cleveland TS6 9NW2
£88K05/230.37 mi3, Sandsend Road, Middlesbrough, Redcar And Cleveland TS6 8AB2
£95K02/230.37 mi5, Sandsend Road, Middlesbrough, Redcar And Cleveland TS6 8AB2
£82K01/210.42 mi3, Guisborough Court, Middlesbrough, Redcar And Cleveland TS6 9NL2
£140K01/240.42 mi17, Durham Road, Middlesbrough, Redcar And Cleveland TS6 9NG2
£158K11/230.43 mi9, Winston Drive, Middlesbrough, Redcar And Cleveland TS6 9LX2
£116K01/210.43 mi27, Winston Drive, Middlesbrough, Redcar And Cleveland TS6 9LX2
£140K02/230.44 mi29, Highfield Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9LR2
£154.5K11/230.44 mi4, Highfield Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9LR2
£125K03/240.44 mi38, Highfield Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9LR2
£119K11/200.44 mi29, Highfield Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9LR2
£125K07/230.44 mi24, Highfield Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9LR2
£61K12/200.44 mi38, Langdale Crescent, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7RE2
£150K12/200.45 mi56, Granwood Road, Middlesbrough, Redcar And Cleveland TS6 9HX2
£55.5K02/210.45 mi13, Rydal Avenue, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QF2
£71K06/230.47 mi26, Coniston Road, Middlesbrough, Redcar And Cleveland TS6 7QH2
£150K08/230.47 mi31, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PN2
£140K09/210.47 mi18, Fernhill Road, Middlesbrough, Redcar And Cleveland TS6 9HY2
£120K12/200.47 mi27, Fernhill Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9HY2
£93.5K12/210.47 mi24, Imeson Street, Middlesbrough, Cleveland TS6 9EU2
£117.5K05/210.48 mi10, Lodge Road, Middlesbrough, Redcar And Cleveland TS6 9LS2
£130.4K08/230.48 mi6, Lodge Road, Middlesbrough, Redcar And Cleveland TS6 9LS2
£85K08/230.48 mi223, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9RW2
£55K03/230.49 mi10, Edwards Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9EZ2
£82.5K07/210.49 mi3, Edwards Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9EZ2
£130K08/230.53 mi88, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PJ2

Local Rents

18 rents from £480/mo to £750/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£62510/230.22 mi-2
£59510/240.39 miFabian Road, Middlesbrough, TS62
£59510/240.41 miGuisborough Court, Eston. Middlesbrough, TS6 9NL2
£70008/240.42 mi-2
£57510/240.43 miGuisborough Court, Eston, TS6 9NL2
£55010/240.5 miBolckow Street, Eston, MIDDLESBROUGH2
£67510/240.5 miChurchill Road, Eston, TS62
£65010/240.7 miNightingale Road, Eston2
£48010/240.82 miMonmouth Road, Middlesbrough2
£55007/230.83 mi-2
£67510/240.91 miBrecon Gardens, Middlesbrough2
£55010/240.97 miNormanby Road, Middlesbrough2
£60006/241 mi-2
£60010/241.01 miLambton Street, Normanby, Middlesbrough TS6 0LP2
£59512/241.01 mi-2
£75006/241.03 mi-2
£55008/231.07 mi-2
£57512/241.07 mi-2

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

2.51 miles away

Nearest school

0.30 miles away

Nearest train station

2.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £85,000

February 14, 2025

Description

  • ATTENTION INVESTORS & FIRST TIME BUYERS +
  • SEMI-DETACHED +
  • RESIDENTIAL AREA +
  • TWO BEDROOM +
  • LARGE FRONT GARDEN +
  • ON-STREET PARKING +

Fantastic renovation project in a quiet residential area Glaisdale Road TS6! Available to view call

Hallway - Entering through a White UPVC double glazed door into a bright hallway which gains access to the reception room, kitchen and first floor with understair storage.

Reception Room - The reception room is large in size and can accommodate living and dining furniture with ease. The room benefits from Two UPVC double glazed windows, radiators and carpet.

Kitchen - The kitchen benefits from light wall, base and drawer units with ample worktop space.

Landing - The landing gains access to the two spacious bedrooms and family bathroom.

Bedroom One - The first bedroom is set to the front aspect of the property and benefits from two UPVC double glazed windows and a radiator. The room can accommodate a double bed and larger storage units with ease and has carpet.

Bedroom Two - The second bedroom is set to the rear aspect of the property and provides the space for a double bed and storage units. This room benefits from a UPVC double glazed window, radiator, built-in storage cupboard and houses the properties boiler.

Family Bathroom - The bathroom is in need or renovation and currently comprises a three piece suite which includes a paneled bath with shower attachments, hand basin and low level w/c with a frosted window.

External - The property offers a large front garden and ample rear garden with on-street parking.

Agent Details

PH Estate Agents, Middlesbrough

01642 056292

Next Steps?

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