3 Bed Terraced House, Cash/Bridging Only, Middlesbrough, TS3 6QE, £79,950

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

Cash
ROI: 5%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£32.5K - £175K
Sold Prices/m²£417/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£80,172

 

 

End Value (After Refurb)

£95,488

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£3,599

Refurb Costs

£36,697

Bridging Loan Interest

£2,099

Total Cash In

£64,132

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£95,488

Mortgage (After Refinance)

£71,616

Mortgage LTV

75%

Cash Released

£11,654

Cash Left In

£52,478

Equity

£23,872

Rent Range

£420 - £1,100

Rent Estimate

£740

Running Costs/mo

£466

Cashflow/mo

£274

Cashflow/yr

£3,283

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £32.5K to £175K, average is £81.5K. £417/m² to £1.9K/m², average is £879/m².

PriceDateDistanceAddressBeds 
£52.5K03/210.02 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£63K02/210.02 mi123, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£55K01/230.02 mi119, Kings Road, North Ormesby, Middlesbrough TS3 6EY3
£65K05/210.05 mi78, Kings Road, North Ormesby, Middlesbrough TS3 6EU3
£175K06/230.1 mi26, Millfield Road, Middlesbrough TS3 6ES3
£126K12/220.13 mi12, Lavender Road, Middlesbrough TS3 7AE3
£48.5K05/230.13 mi47, Jubilee Street, Middlesbrough TS3 6QJ3
£52K12/220.15 mi9, Ryedale Street, Middlesbrough TS3 6PF3
£126K05/230.15 mi23, Oakfield Road, Middlesbrough TS3 6EL3
£48.5K08/210.16 mi12, Tunstall Street, Middlesbrough TS3 6PE3
£52K03/230.17 mi10, Norcliffe Street, Middlesbrough TS3 6PS3
£37K10/200.19 mi62, Thornton Street, Middlesbrough TS3 6PH3
£32.5K11/200.21 mi43, Coltman Street, Middlesbrough TS3 6JA3
£88K12/200.24 mi56, Ingram Road, Middlesbrough TS3 7AZ3
£83K01/230.25 mi8, Bordesley Green, Middlesbrough TS3 8HP3
£46K10/210.27 mi25, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£54K05/230.27 mi32, Edward Street, North Ormesby, Middlesbrough TS3 6JJ3
£78K09/210.29 mi29, Bradhope Road, Middlesbrough TS3 7BB3
£61K04/230.37 mi2, Cottingham Drive, Middlesbrough TS3 8LB3
£82K05/210.38 mi2, Penhill Close, Middlesbrough TS3 7RA3
£51K08/210.38 mi34, Alphonsus Street, Middlesbrough TS3 6DZ3
£120K02/230.38 mi123, Saltwells Road, Middlesbrough TS4 2DT3
£167K05/220.38 mi38, Simon Hunter Way, Middlesbrough TS4 2GX3
£125K05/230.39 mi36, Hutton Road, Middlesbrough TS4 2LE3
£95K03/210.39 mi55, Bradhope Road, Middlesbrough TS3 7BE3
£101K11/200.39 mi16, Saltwater Court, Middlesbrough TS4 2AQ3
£82K12/230.39 mi137, Saltwells Road, Middlesbrough TS4 2DT3
£89K03/230.39 mi83, Saltwells Road, Middlesbrough TS4 2DT3
£93K10/210.41 mi23, Saltwells Crescent, Middlesbrough TS4 2DX3
£110K09/210.42 mi57, Hutton Road, Middlesbrough TS4 2LG3
£110K04/230.42 mi19, Kildale Court, North Ormesby, Middlesbrough TS3 6LS3
£115K09/220.43 mi11, Bilsdale Road, Middlesbrough TS4 2LQ3
£148K11/230.44 mi1, Bilsdale Road, Middlesbrough TS4 2LQ3
£95K06/230.44 mi16, Raisegill Close, Middlesbrough TS3 7BN3
£92K04/210.44 mi63, Lytton Street, Middlesbrough TS4 2DD3
£75K04/210.44 mi6, Westerdale Road, Middlesbrough TS3 7RF3
£71K05/210.45 mi64, Saltwells Road, Middlesbrough TS4 2DZ3
£138K01/230.47 mi34, Bridgewater Court, Middlesbrough TS4 2GE3
£130K10/230.47 mi11, Bridgewater Court, Middlesbrough TS4 2GE3
£116K10/210.47 mi25, Ingleby Road, Middlesbrough TS4 2JU3
£109.5K03/230.47 mi3, Ingleby Road, Middlesbrough TS4 2JU3
£81K11/220.47 mi89, Homerton Road, Middlesbrough TS3 8PN3
£73K08/210.48 mi72, Bradhope Road, Middlesbrough TS3 7BW3
£80K04/210.48 mi9, Bransdale Road, Middlesbrough TS3 7QG3
£60K01/210.49 mi10, Cranmore Road, Middlesbrough TS3 8JF3
£95K01/230.49 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£62K03/210.49 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£72K08/210.5 mi135, Bradhope Road, Middlesbrough TS3 7BT3
£69K02/210.5 mi9, Desford Green, Middlesbrough TS3 8LW3
£72K09/210.5 mi29, Cotswold Avenue, Middlesbrough TS3 8JN3

Local Rents

37 rents from £420/mo to £1.1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£65004/250.02 mi-3
£79510/240.04 mi-3
£85004/250.13 mi-3
£65012/230.14 mi-3
£67012/230.14 mi-3
£79504/250.14 mi-3
£69510/240.19 miJubilee Street, Middlesbrough, TS33
£69510/240.19 mi-3
£69502/250.19 mi-3
£79504/250.19 mi-3
£65010/240.22 mi-3
£42010/240.22 mi-3
£89511/240.22 mi-3
£79510/240.22 mi-3
£52503/250.23 mi-3
£79504/250.23 mi-3
£74510/240.23 mi-3
£99510/240.23 mi-3
£79501/250.24 mi-3
£79501/250.24 mi-3
£75012/240.24 mi-3
£80011/240.26 mi-3
£80011/240.26 mi-3
£70011/240.27 mi-3
£79510/240.28 miBeaumont Road, Middlesbrough, TS33
£79510/240.28 mi-3
£69503/250.28 mi-3
£69510/240.29 miPilkington Street, Middlesbrough, North Yorkshire, TS3 6JN3
£80004/250.3 mi-3
£1,10003/250.38 mi-3
£79504/250.41 mi-3
£85010/240.42 miSimon Hunter Way, Middlesbrough, North Yorkshire, TS43
£65002/240.43 mi-3
£67510/240.48 miCottingham Drive, Middlesbrough3
£95012/240.53 mi-3
£75010/240.58 mi-3
£85004/250.59 mi-3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.34 miles away

Nearest school

0.10 miles away

Nearest train station

1.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £79,950

February 14, 2025

Floor Plans

Description

  • THREE BEDROOMS +
  • MODERN KITCHEN AND BATHROOM +
  • WELL PRESENTED THROUGHOUT +
  • POPULAR TS3 LOCATION +
  • TENURE - FREEHOLD +
  • COUNCIL TAX BAND A +

Clarke Munro are delighted to introduce this wonderful three bedroom home within an increasingly popular location in TS3. Benefitting from a quality finish throughout, the ground floor consists of an open plan reception room to the front of the property stretching through to the rear of the property. The kitchen provides access to the downstairs bathroom. Upstairs, three bedrooms all housing double beds with space to roam. There is currently a tenant in situ. Please note this property is in a selective licensing zone and costs may be incurred to a purchaser. Please enquire for further information CASH BUYERS ONLY

Agent Details

Clarke Munro, Middlesbrough

01642 056909

Next Steps?

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