2 Bed Terraced House, Refurb/BRRR, Stockton-on-Tees, TS17 8ND, £60,000

Laburnum Avenue, Thornaby, Stockton-On-Tees, TS17 8ND - 14 views - 2 months ago

Refurb/BRRR

ROI: 4%

~68 m²

+2 photos

ValuationFair Value

Sold Prices	£39.5K - £230K
Sold Prices/m²	£391/m² - £3.1K/m²

Square Metres	~68.11 m²
Price/m²	£881/m²
Value Estimate	£60,000£60,000

End Value (After Refurb)	£98,045£98,045
Uplift in Value	+63%+63%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£4,200£4,200
Refurb Costs	£26,987£26,987
Bridging Loan Interest	£1,575£1,575
Total Cash In	£49,512£49,512

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£98,045£98,045
Mortgage (After Refinance)	£73,534£73,534
Mortgage LTV	75%75%
Cash Released	£28,534£28,534
Cash Left In	£20,979£20,979
Equity	£24,511£24,511
Rent Range	£500 - £850£500 - £850
Rent Estimate	£627
Running Costs/mo	£452£452
Cashflow/mo	£175£175
Cashflow/yr	£2,103£2,103
ROI	4%4%
Gross Yield	13%13%

Local Sold Prices

50 sold prices from £39.5K to £230K, average is £104K. £391/m² to £3.1K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	01/21	0.01 mi	14, Laburnum Avenue, Thornaby, Stockton-on-tees TS17 8ND	£972	72	2	Terraced House
£98K	09/23	0.17 mi	10, Windsor Oval, Thornaby, Stockton-on-tees TS17 8PP	£1,420	69	2	Terraced House
£104K	10/23	0.24 mi	315, Thornaby Road, Thornaby, Stockton-on-tees TS17 8PH	£1,083	96	2	Semi-Detached House
£128K	02/24	0.25 mi	296, Thornaby Road, Thornaby, Stockton-on-tees TS17 8PJ	£1,707	75	2	Semi-Detached House
£230K	12/23	0.25 mi	20, Orchard Road, Thornaby, Stockton-on-tees TS17 0AW	£2,875	80	2	Semi-Detached House
£87K	09/23	0.25 mi	27, Richardson Road, Thornaby, Stockton-on-tees TS17 8QA	£1,279	68	2	Terraced House
£107K	10/21	0.3 mi	78, Thorntree Road, Thornaby, Stockton-on-tees TS17 8FZ	£1,814	59	2	Terraced House
£95K	03/23	0.31 mi	15, Raisdale Close, Thornaby, Stockton-on-tees TS17 9BY	-	-	2	Semi-Detached House
£97K	04/23	0.34 mi	294, Thornaby Road, Thornaby, Stockton-on-tees TS17 8PE	£1,141	85	2	Semi-Detached House
£127.5K	02/23	0.35 mi	73, Sir Douglas Park, Thornaby, Stockton-on-tees TS17 0JY	£2,292	56	2	Semi-Detached House
£105K	04/21	0.36 mi	45, Harrier Close, Thornaby, Stockton-on-tees TS17 0LN	£1,924	55	2	Semi-Detached House
£73K	09/21	0.48 mi	37, Diamond Road, Thornaby, Stockton-on-tees TS17 8BP	-	-	2	Semi-Detached House
£86K	06/21	0.48 mi	39, Diamond Road, Thornaby, Stockton-on-tees TS17 8BP	£1,049	82	2	Semi-Detached House
£125.5K	11/21	0.49 mi	35, Sinnington Road, Thornaby, Stockton-on-tees TS17 0BU	£1,549	81	2	Semi-Detached House
£150K	10/23	0.49 mi	19, Chesterton Avenue, Thornaby, Stockton-on-tees TS17 0BH	£2,679	56	2	Bungalow
£121.8K	12/20	0.49 mi	12, Ledbury Drive, Thornaby, Stockton-on-tees TS17 0BP	£1,739	70	2	Semi-Detached House
£118K	02/21	0.52 mi	8, Sinnington Road, Thornaby, Stockton-on-tees TS17 0BX	£1,934	61	2	Semi-Detached House
£100K	05/21	0.53 mi	12, Stanstead Way, Thornaby, Stockton-on-tees TS17 9DZ	-	-	2	Semi-Detached House
£107K	02/21	0.59 mi	40, Newton Drive, Thornaby, Stockton-on-tees TS17 0EL	£2,019	53	2	Semi-Detached House
£175K	08/23	0.59 mi	11, Newton Drive, Thornaby, Stockton-on-tees TS17 0EL	£3,125	56	2	Semi-Detached House
£135K	07/21	0.61 mi	41, Wolsingham Drive, Thornaby, Stockton-on-tees TS17 9DW	£2,250	60	2	Semi-Detached House
£162K	04/23	0.61 mi	33, Wolsingham Drive, Thornaby, Stockton-on-tees TS17 9DW	-	-	2	Semi-Detached House
£123K	02/21	0.61 mi	27, Wolsingham Drive, Thornaby, Stockton-on-tees TS17 9DW	£2,085	59	2	Semi-Detached House
£177K	09/23	0.62 mi	39, Willow Sage Court, Stockton-on-tees TS18 3UQ	£1,654	107	2	Terraced House
£40K	04/24	0.63 mi	141, Westbury Street, Thornaby, Stockton-on-tees TS17 6NE	-	-	2	Terraced House
£135K	05/21	0.64 mi	1, Aston Drive, Thornaby, Stockton-on-tees TS17 0ES	£2,411	56	2	Semi-Detached House
£52K	09/21	0.64 mi	9, Stainsby Street, Thornaby, Stockton-on-tees TS17 6HP	£559	93	2	Terraced House
£50K	03/21	0.64 mi	34, Stainsby Street, Thornaby, Stockton-on-tees TS17 6HP	£685	73	2	Terraced House
£50K	11/22	0.64 mi	31, Stainsby Street, Thornaby, Stockton-on-tees TS17 6HP	£521	96	2	Terraced House
£61K	07/23	0.64 mi	14, Falkirk Street, Thornaby, Stockton-on-tees TS17 7HT	£744	82	2	Semi-Detached House
£55.3K	11/23	0.64 mi	20, Falkirk Street, Thornaby, Stockton-on-tees TS17 7HT	£699	79	2	Semi-Detached House
£43K	01/21	0.64 mi	30, Stranton Street, Thornaby, Stockton-on-tees TS17 6LL	£391	110	2	Terraced House
£140K	12/23	0.68 mi	21, Eastleigh, Thornaby, Stockton-on-tees TS17 9DG	£2,456	57	2	Bungalow
£134K	05/23	0.68 mi	78, Bassleton Lane, Thornaby, Stockton-on-tees TS17 0LA	-	-	2	Semi-Detached House
£140K	09/23	0.68 mi	51, Wolsingham Drive, Thornaby, Stockton-on-tees TS17 9EG	£2,373	59	2	Semi-Detached House
£172K	02/24	0.69 mi	28, Kinloss Close, Thornaby, Stockton-on-tees TS17 9QN	£2,774	62	2	Bungalow
£104K	01/23	0.73 mi	23, Pottery Wharf, Thornaby, Stockton-on-tees TS17 6DT	£1,857	56	2	Semi-Detached House
£76.5K	11/23	0.73 mi	52, Balmoral Avenue, Thornaby, Stockton-on-tees TS17 7JP	-	-	2	Terraced House
£175K	03/23	0.75 mi	21, Rissington Walk, Thornaby, Stockton-on-tees TS17 9QJ	£2,465	71	2	Semi-Detached House
£185K	03/23	0.75 mi	19, Kinloss Walk, Thornaby, Stockton-on-tees TS17 9QW	-	-	2	Detached House
£64K	05/21	0.77 mi	18, Hartington Close, Thornaby, Stockton-on-tees TS17 6PH	-	-	2	Terraced House
£80K	11/21	0.77 mi	30, Valiant Way, Thornaby, Stockton-on-tees TS17 9PB	-	-	2	Terraced House
£62.5K	10/23	0.78 mi	140, Valiant Way, Thornaby, Stockton-on-tees TS17 9PD	£856	73	2	Terraced House
£39.5K	02/24	0.78 mi	44, Langley Avenue, Thornaby, Stockton-on-tees TS17 7HG	£429	92	2	Terraced House
£51.5K	05/21	0.79 mi	21, Easton Street, Thornaby, Stockton-on-tees TS17 7DQ	£705	73	2	Terraced House
£121K	11/20	0.79 mi	3, Charrington Avenue, Thornaby, Stockton-on-tees TS17 0LG	£2,123	57	2	Semi-Detached House
£172K	09/23	0.8 mi	1, Ryton Close, Thornaby, Stockton-on-tees TS17 0LQ	£2,966	58	2	Semi-Detached House
£90K	11/23	0.85 mi	2, Barnard Close, Thornaby, Stockton-on-tees TS17 6PE	-	-	2	Terraced House
£64K	05/21	0.87 mi	9, Cranworth Green, Thornaby, Stockton-on-tees TS17 7ED	-	-	2	Terraced House
£68K	05/21	0.88 mi	8, Anderson Road, Thornaby, Stockton-on-tees TS17 7EW	£840	81	2	Terraced House

Local Rents

15 rents from £500/mo to £850/mo, average is £600/mo.

Rent	Date	Distance	Address	Beds	Type
£550	03/25	0.21 mi	-	2	Flat
£675	10/24	0.22 mi	York Apartments, Martinet Road, Thornaby	2	Flat
£850	10/23	0.25 mi	-	2	Bungalow
£575	10/24	0.3 mi	Thorntree Road, TS17	2	Terraced House
£725	04/25	0.37 mi	-	2	Terraced House
£500	10/24	0.41 mi	Butterworth House, 12 Master Road, Thornaby, Stockton-On-Tees, North Yorkshire, TS17	2	Flat
£600	07/24	0.53 mi	-	2	Flat
£600	04/25	0.54 mi	-	2	Flat
£625	10/24	0.54 mi	Allensway, Thornaby, Stockton-On-Tees	2	Flat
£675	10/24	0.6 mi	-	2	Flat
£595	06/24	0.61 mi	-	2	Flat
£575	10/24	0.62 mi	Willowsage Court, Stockton-On-Tees	2	Flat
£575	10/24	0.62 mi	Willow Sage Court, Stockton-On-Tees, TS18 3UQ	2	Flat
£650	09/24	0.62 mi	-	2	Terraced House
£650	01/25	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in TS17	44,64744,647
Population in Stockton-on-Tees	149,709149,709
Town centre distance	2.27 miles away2.27 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.12 miles away1.12 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £60,000

March 1, 2025

Floor Plans

Description

IDEAL PURCHASE FOR INVESTOR OR DEVELOPER +
TWO BEDROOM MID-TERRACED +
IN NEED OF FULL REFURBISHMENT +
SITUATED CLOSE TO THORNABY TOWN CENTRE +
ENCLOSED REAR GARDEN WITH OUTBUILDING +
GOOD SIZED FRONT GARDEN +

* IDEAL FOR INVESTOR / DEVELOPER *
* PROPERTY IS IN NEED OF FULL REFURBISHMENT *

NEW TO THE MARKET with Smith & Friends Estate Agents, this Two Bedroom Mid-Terraced Property situated within Thornaby, Stockton-on-Tees, situated off Thornaby Road close to local schooling and nearby Thornaby town centre.

The Property Briefly Comprises of; Entrance Hallway, Living Room, Inner Hall and Kitchen/Diner to the ground floor.
The First Floor has Two Double Bedrooms and a Family Bathroom.

Externally, the Property has a Spacious Front Garden, whilst the Rear of the Property has an Enclosed Rear Garden with a Separate Outbuilding.

For a viewing contact SMITH & FRIENDS - Estate Agents Ingleby Barwick, Early viewing is highly recommended.

Ground Floor -

Entrance Hallway - 1.11m x 1.07m (3'7" x 3'6") -

Living Room - 3.60m x 4.28m (11'9" x 14'0") -

Inner Hallway - 0.89m x 2.63m (2'11" x 8'7") -

Kitchen / Diner - 4.63m x 2.69m (15'2" x 8'9") -

First Floor -

Landing - 1.79m x 0.82m (5'10" x 2'8") -

Bedroom 1 - 5.22m x 3.62m (17'1" x 11'10") -

Bedroom 2 - 3.32m x 3.15m (10'10" x 10'4") -

Family Bathroom - 1.81m x 2.16m (5'11" x 7'1") -

Agent Details

Smith & Friends Estate Agents, Ingleby Barwick

01642 130021

Next Steps?

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

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