2 Bed Terraced House, Single Let, Middlesbrough, TS6 6JX, £40,000

30 King Street, Middlesbrough, TS6 6JX - 4 views - 2 months ago

Sold STC
BTL
ROI: 27%
69 m²
+3 photos

ValuationUndervalued

Sold Prices£24K - £192.5K
Sold Prices/m²£338/m² - £3K/m²

 

 

Square Metres

69.02 m²
Price/m²£580/m²

Value Estimate

£49,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£1,200

Total Cash In

£11,200

 

 

Cash Out

 

Rent Range

£300 - £1,200

Rent Estimate

£500

Running Costs/mo

£245

Cashflow/mo

£255

Cashflow/yr

£3,060

ROI

27%

Gross Yield

15%

Local Sold Prices

50 sold prices from £24K to £192.5K, average is £80K. £338/m² to £3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£47K11/220.06 mi40, South Terrace, Middlesbrough, Redcar And Cleveland TS6 6HP2
£51K11/220.07 mi12, South Terrace, Middlesbrough, Redcar And Cleveland TS6 6HP2
£33.3K03/210.08 mi3, Edward Street, South Bank, Middlesbrough, Redcar And Cleveland TS6 6JZ2
£24K04/240.13 mi15, Hampden Street, South Bank, Middlesbrough, Redcar And Cleveland TS6 6LA2
£32K03/210.17 mi35, Hampden Street, South Bank, Middlesbrough, Redcar And Cleveland TS6 6LH2
£33.5K10/210.22 mi91, Hampden Street, South Bank, Middlesbrough, Redcar And Cleveland TS6 6LQ2
£87K03/230.34 mi14, Achilles Close, South Bank, Middlesbrough, Redcar And Cleveland TS6 6XP2
£73K08/210.36 mi51, Briggs Avenue, South Bank, Middlesbrough, Redcar And Cleveland TS6 6XL2
£94.5K12/230.71 mi8, Westbourne Grove, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AE2
£25K03/210.76 mi77, Millbrook Avenue, Middlesbrough TS3 9DZ2
£80K10/210.76 mi89, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF2
£87K07/230.88 mi72, Berwick Hills Avenue, Middlesbrough TS3 9EG2
£70K11/200.9 mi12, Grantley Avenue, Middlesbrough TS3 9HN2
£77K09/210.91 mi7, Hanson Grove, Middlesbrough TS3 9JY2
£101K09/210.91 mi27, Hamilton Grove, Middlesbrough, Redcar And Cleveland TS6 0AH2
£86K03/230.97 mi79, Caithness Road, Middlesbrough, Redcar And Cleveland TS6 0AJ2
£88K03/210.97 mi33, College Road, Middlesbrough TS3 9EN2
£83K02/210.97 mi25, College Road, Middlesbrough TS3 9EN2
£100K11/230.98 mi22, Brecon Gardens, Middlesbrough, Redcar And Cleveland TS6 9RZ2
£71K11/201.01 mi43, Merlin Road, Middlesbrough TS3 8EB2
£130K03/231.11 mi154, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QX2
£90K04/211.15 mi58, Spencer Road, Middlesbrough, Redcar And Cleveland TS6 9BD2
£67K05/231.16 mi16, Somerset Road, Middlesbrough, Redcar And Cleveland TS6 7NW2
£82.5K09/231.16 mi9, Tawney Road, Middlesbrough, Redcar And Cleveland TS6 9RG2
£80K01/211.17 mi432, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 9BW2
£70K09/231.17 mi63, Birchington Avenue, Middlesbrough, Redcar And Cleveland TS6 7JX2
£121K05/231.18 mi107, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QT2
£82K11/201.18 mi107, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QT2
£90K03/231.18 mi115, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QT2
£75K12/201.25 mi105, Nightingale Road, Eston, Middlesbrough, Redcar And Cleveland TS6 9PZ2
£83K05/211.32 mi73, Nightingale Road, Middlesbrough, Redcar And Cleveland TS6 9PY2
£60K03/211.32 mi41, Nightingale Road, Middlesbrough, Redcar And Cleveland TS6 9PY2
£68K03/211.33 mi24, Snowden Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9QL2
£113K11/201.35 mi121, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR2
£115K06/211.35 mi123, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR2
£66K02/211.35 mi23, Hoskins Way, Middlesbrough TS3 8NJ2
£105K12/221.36 mi56, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9DB2
£69K12/201.36 mi140, The Greenway, Middlesbrough TS3 9NU2
£75K01/231.37 mi26, Delarden Road, Middlesbrough TS3 8JR2
£97K08/231.38 mi46, Manor Green, Middlesbrough, Redcar And Cleveland TS6 0DZ2
£52K01/231.38 mi106, Beaumont Road, Middlesbrough TS3 6NP2
£90K12/231.38 mi10, Flora Street, Middlesbrough, Redcar And Cleveland TS6 9QP2
£178.5K10/221.39 mi17, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NX2
£42K03/211.4 mi27, Kindersley Street, Middlesbrough TS3 6PW2
£85K08/231.41 mi223, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9RW2
£190K01/231.41 mi23, Bylands Road, Middlesbrough, Redcar And Cleveland TS6 9DN2
£66.5K04/211.41 mi38, Netherfields Crescent, Middlesbrough TS3 0QL2
£50K12/201.41 mi39, Netherfields Crescent, Middlesbrough TS3 0QL2
£45K03/231.43 mi5, Herbert Street, Middlesbrough TS3 6JR2
£192.5K11/201.44 mi6, Abbey Court, Normanby, Middlesbrough, Redcar And Cleveland TS6 9BU2

Local Rents

50 rents from £300/mo to £1.2K/mo, average is £665/mo.

RentDateDistanceAddressBeds 
£80002/240.04 mi-3
£50009/240.04 mi-3
£59510/230.07 mi-2
£69504/250.1 mi-3
£87312/230.18 mi-1
£69309/230.21 mi-3
£55010/240.22 miHampden Street, South Bank, Middlesbrough3
£30003/250.22 mi-3
£89510/240.23 mi-3
£89510/240.23 miHampden Street, South Bank, Middlesbrough, TS63
£60006/230.29 mi-3
£55010/240.31 miBevanlee Road, Middlesbrough, North Yorkshire, TS62
£52510/240.31 miBevanlee Road, MIDDLESBROUGH2
£70006/230.43 mi-4
£1,10010/240.54 miNormanby Road, Middlesbrough1
£75010/240.83 miMarshall Avenue, Thorntree3
£69512/230.88 mi-3
£70008/240.88 mi-3
£52512/240.92 mi-1
£85010/240.93 miAston Avenue, Middlesbrough3
£80010/240.94 miMatford Avenue, Middlesbrough4
£52512/240.94 mi-1
£50010/240.94 mi-1
£52510/240.94 mi-1
£50010/240.94 mi-1
£87501/250.95 mi-3
£85010/240.97 miCaithness Road, Teesville Middlesbrough TS6 0AJ4
£74508/230.97 mi-3
£55008/230.97 mi-2
£57512/240.97 mi-2
£65010/240.97 miGrange Farm Road, Grangetown, Middlesbrough, TS63
£67510/240.98 miBrecon Gardens, Middlesbrough2
£52510/240.98 mi-1
£52501/250.98 mi-1
£35010/240.99 miBolckow Road, Grangetown, Middlesbrough, TS61
£79511/240.99 mi-4
£80003/251.01 mi-3
£69509/241.05 mi-3
£65011/241.05 mi-3
£1,05008/241.06 mi-3
£75003/251.06 mi-3
£48010/241.07 miMonmouth Road, Middlesbrough2
£1,20003/251.09 mi-4
£65008/241.09 mi-3
£72510/241.11 miTawney Road, Eston4
£62504/251.13 mi-3
£66509/231.15 mi-3
£66509/231.15 mi-3
£65009/231.18 mi-3
£63009/231.18 mi-3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.97 miles away

Nearest school

0.30 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £40,000

February 21, 2025

Floor Plans

Description

  • INVESTMENT OPPORTUNITY +
  • TWO BEDROOMS +
  • TENANT IN SITU +
  • CLOSE TO LOCAL AMENITIES AND SCHOOLS +
  • SOLD WITH NO CHAIN +
  • AVAILABLE TO VIEW +

INVESTMENT OPPORTUNITY Two bedroom mid-terraced house on King Street South Bank!

Hallway - 3.35m x 0.91m (11'0" x 3'0") - Entering the property through a Brown external door into a bright hallway which gains access to the reception room, dining room and first floor.

Reception Room - 3.30m x 2.92m (10'10" x 9'7") - The reception room comfortably fits a three piece suite with smaller storage units and is bright from the bay window.

Dining Room - 3.51m x 3.10m (11'6" x 10'2" ) - The dining room is currently being used as a storage area but can accommodate a dining table and benefits from a window to the rear aspect and also gains access to the kitchen and understair storage cupboard.

Kitchen - 2.59m x 2.01m (8'6" x 6'7" ) - The kitchen benefits from ample wall, base and drawer units with a window to the rear aspect and door which leads into the yard.

Landing - 2.92m x 0.89m (9'7" x 2'11" ) - The split level landing gains access to the two spacious bedrooms, family bathroom and loft.

Bedroom One - 3.23m x 3.99m (10'7" x 13'1" ) - The first bedroom is located to the front of the property accommodating a double bed and larger storage units with a bay window and radiator.

Bedroom Two - 3.40m x 2.36m (11'2" x 7'9") - The second bedroom is central to the first floor and accommodates a double bed and smaller storage units with a window and radiator.

Family Bathroom - 2.59m x 2.01m (8'6" x 6'7") - The family bathroom comprises a three-piece suite which includes a paneled bath with shower attachments, hand basin and low level w/c.

External - The property offers on-street parking and has a private rear yard.

Agent Details

PH Estate Agents, Middlesbrough

01642 056292

Next Steps?

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