3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS5 8RH, £159,995

Merrington Avenue, Acklam, Middlesbrough, TS5 8RH - a month ago

Refurb/BRRR
ROI: 1%
~93 m²

ValuationUndervalued

Sold Prices£102K - £237K
Sold Prices/m²£1.5K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£164,795
BMV3%

 

 

End Value (After Refurb)

£175,618

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,999

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£36,697

Bridging Loan Interest

£4,200

Total Cash In

£88,646

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,618

Mortgage (After Refinance)

£131,713

Mortgage LTV

75%

Cash Released

£11,717

Cash Left In

£76,929

Equity

£43,904

Rent Range

£625 - £950

Rent Estimate

£802

Running Costs/mo

£729

Cashflow/mo

£73

Cashflow/yr

£874

ROI

1%

Gross Yield

6%

Local Sold Prices

51 sold prices from £102K to £237K, average is £155K. £1.5K/m² to £4.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£162K11/230.01 mi40, Merrington Avenue, Middlesbrough TS5 8RH3
£157K08/210.06 mi169, Trimdon Avenue, Middlesbrough TS5 8RY3
£198.5K02/230.07 mi79, Hesleden Avenue, Middlesbrough TS5 8RF3
£130K12/200.1 mi49, Hesleden Avenue, Middlesbrough TS5 8RF3
£155K04/240.1 mi151, Earlsdon Avenue, Middlesbrough TS5 8TA3
£178K12/200.11 mi28, Wellspring Close, Middlesbrough TS5 8RG3
£124K02/210.12 mi216, Trimdon Avenue, Middlesbrough TS5 8RZ3
£137K01/210.12 mi93, Trimdon Avenue, Middlesbrough TS5 8SA3
£112K02/210.12 mi115, Trimdon Avenue, Middlesbrough TS5 8SA3
£124K03/210.12 mi111, Trimdon Avenue, Middlesbrough TS5 8SA3
£133K08/230.12 mi85, Trimdon Avenue, Middlesbrough TS5 8SA3
£159K09/230.12 mi135, Hesleden Avenue, Middlesbrough TS5 8RS3
£182K03/240.13 mi4, Carlbury Avenue, Middlesbrough TS5 8SE3
£195K05/240.16 mi30, Hesleden Avenue, Middlesbrough TS5 8RD3
£149.9K10/210.16 mi9, Ricknall Close, Middlesbrough TS5 8RR3
£137.5K03/210.19 mi17, Newfield Crescent, Middlesbrough TS5 8RE3
£160K05/210.19 mi11, Swainston Close, Middlesbrough TS5 8SF3
£190K05/230.2 mi2, Hunwick Close, Middlesbrough TS5 8RB3
£180K09/220.2 mi11, Hartforth Avenue, Middlesbrough TS5 8SH3
£207.5K11/220.21 mi71, Trimdon Avenue, Middlesbrough TS5 8RA3
£125K05/210.23 mi10, Hartburn Court, Middlesbrough TS5 8SJ3
£132K04/230.24 mi8, Martindale, Middlesbrough TS5 8TE3
£132K06/230.26 mi8, Geltsdale, Middlesbrough TS5 8TF3
£155K11/230.26 mi17, Geltsdale, Middlesbrough TS5 8TF3
£177K11/230.29 mi29, Kader Avenue, Middlesbrough TS5 8NG3
£175K08/210.3 mi110, Carlbury Avenue, Middlesbrough TS5 8SY3
£148K11/210.3 mi67, Carlbury Avenue, Middlesbrough TS5 8SY3
£125K11/200.3 mi18, Brafferton Walk, Middlesbrough TS5 8SW3
£130K06/210.3 mi18, Brafferton Walk, Middlesbrough TS5 8SW3
£155K01/230.3 mi14, Brafferton Walk, Middlesbrough TS5 8SW3
£152.5K03/230.3 mi10, Brafferton Walk, Middlesbrough TS5 8SW3
£156K05/230.3 mi26, Brafferton Walk, Middlesbrough TS5 8SW3
£235K11/230.32 mi26, Kader Avenue, Middlesbrough TS5 8NQ3
£235K11/230.32 mi26, Kader Avenue, Middlesbrough TS5 8NQ3
£150K11/200.32 mi64, Runswick Avenue, Middlesbrough TS5 8HY3
£172K05/230.32 mi66, Runswick Avenue, Middlesbrough TS5 8HY3
£107K03/210.34 mi21, Cassop Grove, Middlesbrough TS5 8NL3
£210K08/210.36 mi1, Runswick Avenue, Middlesbrough TS5 8JS3
£152K08/230.36 mi3, Runswick Avenue, Middlesbrough TS5 8JS3
£224.9K05/210.39 mi8, Sedgefield Road, Middlesbrough TS5 8JP3
£237K08/230.39 mi8, Sedgefield Road, Middlesbrough TS5 8JP3
£160K05/240.39 mi34, Sedgefield Road, Middlesbrough TS5 8JP3
£135K05/210.41 mi7, Walworth Grove, Middlesbrough TS5 8NN3
£195.3K12/230.42 mi59, Staindrop Drive, Middlesbrough TS5 8NU3
£102K03/210.42 mi24, Trimdon Avenue, Middlesbrough TS5 8LS3
£136K01/240.42 mi30, Trimdon Avenue, Middlesbrough TS5 8LS3
£143K09/230.42 mi5, Throckley Avenue, Middlesbrough TS5 8LG3
£167.5K09/230.42 mi24, Throckley Avenue, Middlesbrough TS5 8LG3
£196K05/230.44 mi44, Staindrop Drive, Middlesbrough TS5 8NX3
£200K09/220.45 mi56, Elwick Avenue, Middlesbrough TS5 8NT3
£155K12/200.46 mi25, Cotherstone Drive, Middlesbrough TS5 8JJ3

Local Rents

39 rents from £625/mo to £950/mo, average is £840/mo.

RentDateDistanceAddressBeds 
£84010/240.13 mi-3
£85003/250.17 mi-3
£75010/240.41 mi-3
£85010/240.43 miTrimdon Avenue, Middlesbrough3
£85001/250.45 mi-3
£79507/230.57 mi-3
£80002/240.61 mi-3
£95005/240.67 mi-3
£95003/250.72 mi-3
£75002/240.73 mi-3
£95003/250.75 mi-3
£90010/240.77 miConiston Grove, Middlesbrough3
£89504/240.79 mi-3
£63609/240.85 mi-3
£90010/240.86 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£85008/240.95 mi-3
£85009/240.95 mi-3
£85003/250.95 mi-3
£69502/250.96 mi-3
£74503/251 mi-3
£78010/241.01 mi71 Mitchell Avenue, Thornaby, TS17 9DH3
£79510/241.01 mi-3
£80009/231.02 mi-3
£79503/241.02 mi-3
£75001/251.02 mi-3
£95010/241.04 miStrait Lane, Stainton3
£69510/241.09 mi-3
£89504/241.1 mi-3
£90004/251.11 mi-3
£85010/241.13 mi-3
£85010/241.13 miMiddlesbrough, Middlesbrough, TS53
£90003/251.13 mi-3
£69510/241.15 mi-3
£79510/241.17 miRichmond Place, Thornaby3
£75010/241.17 miRichmond Place, Thornaby3
£62509/241.2 mi-3
£85003/251.22 mi-3
£80010/241.22 mi-3
£79510/241.24 miDales Park Road, Hemlington3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

3.04 miles away

Nearest school

0.20 miles away

Nearest train station

2.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £159,995

February 19, 2025

Floor Plans

Description

  • A perfect refurbishment project +
  • Offered for sale with no onward chain +
  • Located in the heart of Acklam +
  • Three bedroom semi detached house +
  • Lounge and dining room +
  • Extension to dining room +
  • Good sized rear garden +
  • Driveway and garage +
  • Huge potential to make the perfect family home +

In need of some updating however this has been reflected tin the sensible asking price. This property will make the perfect refurbishment property. Accommodation comprises entrance hall, spacious lounge, extended dining room. Kitchen. First floor landing, three bedrooms and a Shower room. In addition there is double glazing together with a gas central heating system. Established gardens to the front and rear elevations. Impressive carport provides parking for several cars and leads to a garage. Offered for sale with vacant possession upon completion. An early internal viewing is strongly recommended for the potential to be appreciated. EPC RATING TBC. TENURE IS FREEHOLD. COUNCIL TAX BAND IS C.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

DCI250093/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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