2 Bed Flat, Single Let, Middlesbrough, TS5 5DW, £65,000

211D Clough Close, Middlesbrough, TS5 5DW - 2 views - 2 months ago

Leasehold

BTL

ROI: 13%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£50K - £134K
Sold Prices/m²	£747/m² - £2K/m²

Square Metres	~68.11 m²
Price/m²	£954/m²
Value Estimate	£81,250£81,250
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Total Cash In	£19,400£19,400

Cash Out
Rent Range	£450 - £3,900£450 - £3,900
Rent Estimate	£550
Running Costs/mo	£333£333
Cashflow/mo	£217£217
Cashflow/yr	£2,603£2,603
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

23 sold prices from £50K to £134K, average is £76K. £747/m² to £2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£67.5K	10/21	0.04 mi	6, Clough Close, Middlesbrough TS5 5DW	£1,071	63	2	Flat
£59K	10/20	0.04 mi	21, Clough Close, Middlesbrough TS5 5DW	£844	70	2	Flat
£60K	03/23	0.04 mi	33, Clough Close, Middlesbrough TS5 5DW	£1,091	55	2	Flat
£70K	11/23	0.04 mi	31, Clough Close, Middlesbrough TS5 5DW	£1,346	52	2	Flat
£63K	04/23	0.2 mi	25, Camsell Court, Middlesbrough TS5 5BE	-	-	2	Flat
£70K	07/23	0.2 mi	15, Camsell Court, Middlesbrough TS5 5BE	£1,296	54	2	Flat
£71K	12/20	0.5 mi	31, Gresham Road, Middlesbrough TS1 4LU	£1,183	60	2	Flat
£50K	05/22	0.5 mi	8, Teare Close, Middlesbrough TS1 5ND	£794	63	2	Flat
£64.8K	10/22	0.51 mi	10, The Potteries, Middlesbrough TS5 6DQ	£830	78	2	Flat
£65K	09/22	0.63 mi	65, Roman Road, Middlesbrough TS5 5PH	£747	87	2	Flat
£76K	06/21	0.65 mi	14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,310	58	2	Flat
£80K	07/23	0.65 mi	19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	-	-	2	Flat
£84K	01/23	0.65 mi	70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,556	54	2	Flat
£120K	03/23	0.71 mi	4, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£127.5K	08/22	0.71 mi	8, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,992	64	2	Flat
£134K	02/23	0.71 mi	11, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,648	81	2	Flat
£112K	04/23	0.71 mi	10, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£90K	08/23	0.76 mi	9, Oriel Close, Middlesbrough TS5 5NJ	-	-	2	Flat
£55K	09/23	0.87 mi	20, St Francis Close, Middlesbrough TS5 4GY	£809	68	2	Flat
£82K	11/21	0.94 mi	18, Bayberry Mews, Middlesbrough TS5 7RG	£1,464	56	2	Flat
£82K	08/21	0.94 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,579	52	2	Flat
£85K	01/23	0.94 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,637	52	2	Flat
£85K	02/24	0.94 mi	12, Bayberry Mews, Middlesbrough TS5 7RG	£1,667	51	2	Flat

Local Rents

34 rents from £450/mo to £3.9K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£800	03/25	0.05 mi	-	2	Flat
£625	10/24	0.05 mi	Clough Close, Middlesbrough, North Yorkshire, TS5 5DW	2	Flat
£650	10/24	0.09 mi	-	2	Terraced House
£500	10/24	0.16 mi	Surrey Street, Middlesbrough, TS1 4QA	2	Terraced House
£625	10/24	0.18 mi	Essex Street, Middlesbrough	2	Flat
£650	03/25	0.25 mi	-	2	Terraced House
£700	01/25	0.25 mi	-	2	Terraced House
£780	03/25	0.27 mi	-	2	Terraced House
£500	10/24	0.27 mi	Longford Street, Middlesbrough, TS1 4RR	2	Flat
£650	12/24	0.29 mi	-	2	Flat
£650	04/25	0.29 mi	-	2	Flat
£800	01/25	0.3 mi	-	2	Terraced House
£895	10/24	0.3 mi	-	2	Terraced House
£500	10/24	0.33 mi	Brompton Street, Middlesbrough, North Yorkshire, TS5	2	Terraced House
£700	03/25	0.34 mi	-	2	Terraced House
£600	11/24	0.35 mi	-	2	Terraced House
£600	10/24	0.36 mi	-	2	Terraced House
£750	10/24	0.36 mi	-	2	Terraced House
£600	10/24	0.37 mi	-	2	Terraced House
£700	11/24	0.37 mi	-	2	Terraced House
£625	02/25	0.37 mi	-	2	Flat
£575	01/25	0.38 mi	-	2	Terraced House
£475	10/24	0.39 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£650	02/24	0.39 mi	-	2	Terraced House
£675	03/25	0.39 mi	-	2	Flat
£595	10/24	0.43 mi	Caxton Street, Middlesbrough	2	Terraced House
£650	12/24	0.43 mi	-	2	Terraced House
£700	10/24	0.49 mi	15 Wentworth Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£3,900	10/24	0.49 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£450	10/24	0.49 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£750	10/24	0.51 mi	18 Waverley Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£700	10/24	0.57 mi	-	2	Flat
£700	10/24	0.57 mi	The Avenue, Middlesbrough, TS5	2	Flat
£650	10/24	0.61 mi	Dorman Gardens, Middlesbrough, Cleveland, TS5	2	Flat

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.63 miles away2.63 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £65,000

February 18, 2025

Floor Plans

Description

Leasehold fee £2,054pa/ £171pcm +
Private parking +
Third floor apartment +
Rental income of £550pcm/£6,600pa +

Welcome to this two bedroom apartment located in the desirable area of Clough Close, Middlesbrough. This modern residence, built in 2006, offers a comfortable living space of approximately 646 square feet, making it an ideal choice for investors seeking a lucrative rental opportunity.

Upon entering, you will find a well proportioned reception room, two spacious bedrooms and a well appointed bathroom.

One of the standout features of this property is the convenience of private parking, ensuring that there is a secure place for a vehicle. The leasehold fee is set at £2,054 per annum, which is also approximately £171 per month, making it manageable for prospective buyers.

It is currently tenanted with a rental income of £550 per month or £6,600 annually, this apartment presents an excellent investment opportunity for those looking to enter the rental market. The competitive asking price of offers over £65,000 makes this property an attractive option for those seeking value in a thriving area.

Agent Details

DEAN & CO ESTATES LIMITED, Newcastle Upon Tyne

0191 743 3241

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.