3 Bed Terraced House, Single Let, Middlesbrough, TS1 4RY, £84,950

Meath Street, Middlesbrough, TS1 4RY - 1 views - 2 months ago

BTL
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£25K - £130K
Sold Prices/m²£316/m² - £1.7K/m²

 

 

Square Metres

~93 m²
Price/m²£913/m²

Value Estimate

£77,605

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,238

Stamp Duty & Legal Fees

£3,749

Total Cash In

£24,986

 

 

Cash Out

 

Rent Range

£260 - £1,235

Rent Estimate

£358

Running Costs/mo

£357

Cashflow/mo

£1

Cashflow/yr

£11

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £25K to £130K, average is £65K. £316/m² to £1.7K/m², average is £805/m².

PriceDateDistanceAddressBeds 
£83K05/230 mi100, Meath Street, Middlesbrough TS1 4RY3
£40K04/210.03 mi104, Longford Street, Middlesbrough TS1 4RL3
£52K02/230.03 mi116, Longford Street, Middlesbrough TS1 4RL3
£77K01/210.04 mi9, Waterford Terrace, Middlesbrough TS1 4RX3
£86.5K07/220.06 mi60, Carlow Street, Middlesbrough TS1 4SB3
£87K07/230.07 mi111, Carlow Street, Middlesbrough TS1 4SA3
£82K12/220.08 mi23, Ayresome Green Lane, Middlesbrough TS5 4DT3
£90K01/230.11 mi94, Ayresome Grange Road, Middlesbrough TS5 4DX3
£56K08/210.11 mi153, Ayresome Street, Middlesbrough TS1 4PX3
£62K12/200.12 mi70, Kildare Street, Middlesbrough TS1 4QY3
£58.4K01/210.13 mi78, Surrey Street, Middlesbrough TS1 4QB3
£97K03/210.16 mi83, Clough Close, Middlesbrough TS5 5ET3
£118K12/230.16 mi99, Clough Close, Middlesbrough TS5 5ET3
£85K04/230.17 mi130a, Crescent Road, Middlesbrough TS1 4QT3
£64K05/210.18 mi66, Harford Street, Middlesbrough TS1 4PP3
£61.5K12/220.19 mi54, Carlow Street, Middlesbrough TS1 4SD3
£65K12/210.19 mi59, Orwell Street, Middlesbrough TS1 4SW3
£65K02/230.21 mi112, Crescent Road, Middlesbrough TS1 4QS3
£62K02/230.21 mi41, Surrey Street, Middlesbrough TS1 4QD3
£117K11/230.22 mi93, Maddren Way, Middlesbrough TS5 5BD3
£65K03/230.22 mi1, Surrey Street, Middlesbrough TS1 4QD3
£25K04/210.22 mi30, Surrey Street, Middlesbrough TS1 4QD3
£130K10/210.24 mi11, Aidan Court, Middlesbrough TS5 4BS3
£130K03/230.24 mi59, Aidan Court, Middlesbrough TS5 4BS3
£68K04/230.24 mi38, Essex Street, Middlesbrough TS1 4PS3
£28K11/200.24 mi48, Aire Street, Middlesbrough TS1 4PG3
£40K04/210.24 mi58, Aire Street, Middlesbrough TS1 4PG3
£93K06/230.24 mi35, West Lane, Middlesbrough TS5 4DH3
£53K04/210.26 mi10, Harford Street, Middlesbrough TS1 4PR3
£60K10/200.26 mi34, Harford Street, Middlesbrough TS1 4PR3
£39.9K03/230.26 mi26, Harford Street, Middlesbrough TS1 4PR3
£77.5K11/200.27 mi33, The Turnstile, Middlesbrough TS5 6BY3
£58K11/200.27 mi59, Warwick Street, Middlesbrough TS1 4PA3
£107.5K08/230.27 mi21, West Lane, Middlesbrough TS5 4DE3
£82K11/200.27 mi39, Connaught Road, Middlesbrough TS5 4AP3
£82K02/240.27 mi6, Connaught Road, Middlesbrough TS5 4AP3
£76K03/240.27 mi122, West Lane, Middlesbrough TS5 4EJ3
£52.5K05/210.28 mi42, Costa Street, Middlesbrough TS1 4PH3
£62K04/230.28 mi90, Outram Street, Middlesbrough TS1 4EG3
£80K02/210.29 mi77, Ayresome Street, Middlesbrough TS1 4NR3
£41.5K09/210.29 mi90, Outram Street, Middlesbrough TS1 4EG3
£45K09/230.29 mi69, Crescent Road, Middlesbrough TS1 4QP3
£52K12/200.29 mi3, Faraday Street, Middlesbrough TS1 4EQ3
£70K08/210.3 mi51, Worcester Street, Middlesbrough TS1 4NS3
£60K07/210.3 mi75, Worcester Street, Middlesbrough TS1 4NS3
£63K01/210.3 mi28, Bishop Street, Middlesbrough TS5 4AT3
£86K11/200.31 mi36, Addison Road, Middlesbrough TS5 6BB3
£63.5K07/230.32 mi4, Ross Street, Middlesbrough TS1 4EJ3
£93K07/230.32 mi15, Corder Road, Middlesbrough TS5 4AS3
£90K04/230.32 mi19, Corder Road, Middlesbrough TS5 4AS3

Local Rents

39 rents from £260/mo to £1.2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75001/250.04 mi-3
£72510/240.1 miLongford Street, Middlesbrough3
£95001/250.12 mi-3
£82510/240.15 miClough Close, Middlesbrough3
£95004/250.18 mi-3
£65010/240.18 miHarford Street, Middlesbrough3
£67504/250.22 mi-3
£70010/240.24 miNesham Road, Middlesbrough, North Yorkshire, TS13
£69503/250.26 mi-3
£75010/240.26 mi2 Harford Street, Middlesbrough, North Yorkshire, TS13
£39010/240.29 mi62, Outram Street, Middlesbrough, TS13
£80004/250.31 mi-3
£79501/250.32 mi-3
£52510/240.34 miFalkland Street, Middlesbrough, TS1 4JH3
£69502/250.34 mi-3
£79502/240.34 mi-3
£45510/240.39 miGresham Road, Middlesbrough3
£70004/250.4 mi-3
£26010/240.41 miGresham Road, Middlesbrough3
£85003/250.43 mi-3
£78010/240.43 mi-3
£78010/240.43 miGresham Road, Middlesbrough, TS13
£85010/240.45 mi-3
£52510/240.5 miStowe Street, Middlesbrough, TS13
£52510/240.5 miStowe Street, Middlesbrough, TS13
£52510/240.5 miStowe Street, Middlesbrough, TS13
£75004/250.51 mi-3
£75004/250.51 mi-3
£1,01510/240.53 miAcklam Gardens, Middlesbrough, TS53
£1,23512/240.53 mi-3
£45010/240.54 miAlbany Street, Middlesbrough, TS1 4DB3
£95010/240.55 miPercy Street, Middlesbrough, TS13
£1,05010/240.55 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.57 miAcklam Gardens, Middlesbrough, TS53
£47710/240.59 miPortman Street, Middlesbrough, North Yorkshire, TS13
£47710/240.59 miPortman Street, Middlesbrough, North Yorkshire, TS13
£47710/240.59 miPortman Street, Middlesbrough, North Yorkshire, TS13
£74502/250.6 mi-3
£1,20010/240.61 miAlbert Terrace, Middlesbrough3

Local Area Statistics

Population in TS1

16,984

Population in Middlesbrough

189,245

Town centre distance

2.67 miles away

Nearest school

0.10 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £84,950

February 22, 2025

Description

  • Enclosed Rear Yard +
  • Great Investment +
  • No Chain +
  • Rent from Day 1 +
  • Central Location +

Welcome to Meath Street. This property is a well-presented three-bedroom, one-bathroom terraced house on Meath Street, Middlesbrough, TS1. Keep reading to find out what makes this property stand out!

Great Investment Opportunity - Tenant in Situ:

This property comes with a fantastic investment opportunity as it currently has a tenant in situ. Whether you're an experienced investor or looking to start your property investment journey, having a reliable tenant already in place provides immediate rental income and reduces any initial void periods.

Central Location Close to Middlesbrough Town Centre:

This property enjoys a prime location, only 5 minutes from Middlesbrough town centre there is easy access to essential amenities and all the perks that come with being in the centre of town. Its convenient position ensures the property will always attract tenants.

Enclosed Yard:

Outdoor space is a desirable feature for tenants and results in longer tenancies. This is key when looking for a good investment deal.

Downstairs you are greeted by a cosy living room that features a fireplace and double doors which lead onto the large separate dining area. From there, you have a fully-fitted kitchen with integrated appliances including an electric oven and gas hob. Both the kitchen and dining room have doors which lead out to a private enclosed yard.

Upstairs there are three bedrooms, two spacious double bedrooms, and one single bedroom/ home office. You also have a family bathroom, complete with a bath and overhead shower.

Externally you have on-street parking to the front of the property as well as an enclosed yard to the rear of the house.

This house is located in the centre of town providing the ultimate convenience lifestyle, near many local amenities such as a hospital, schools, shops, takeaways, and other everyday necessities.

Early viewing is highly recommended

Council Tax Band: A (Middlesbrough Council)
Tenure: Freehold

Agent Details

NGU HOMES, Gateshead

0191 625 0172

Next Steps?

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