3 Bed Terraced House, Single Let, Middlesbrough, TS6 9SE, £75,000

46 Cheddar Close, Middlesbrough, TS6 9SE - 1 views - a month ago

Sold STC
BTL
ROI: 13%
83 m²
+4 photos

ValuationUndervalued

Sold Prices£50K - £145K
Sold Prices/m²£581/m² - £2K/m²

 

 

Square Metres

83 m²
Price/m²£904/m²

Value Estimate

£82,488
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£600 - £875

Rent Estimate

£650

Running Costs/mo

£384

Cashflow/mo

£266

Cashflow/yr

£3,188

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £50K to £145K, average is £82.8K. £581/m² to £2K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£57K12/210.04 mi18, Cheddar Close, Middlesbrough, Redcar And Cleveland TS6 9SE3
£110K05/240.1 mi240, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9RB3
£62.5K02/230.11 mi3, Arundel Road, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QZ3
£61K10/210.11 mi1, Sandringham Road, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QT3
£98.8K10/210.12 mi11, Tawney Close, Middlesbrough, Redcar And Cleveland TS6 9RE3
£129.9K03/210.12 mi16, Tawney Close, Middlesbrough, Redcar And Cleveland TS6 9RE3
£50K12/210.14 mi3, Caernarvon Close, Middlesbrough, Redcar And Cleveland TS6 9SG3
£100K11/210.14 mi203, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9RA3
£123K11/200.14 mi5, Holyhead Court, Middlesbrough, Redcar And Cleveland TS6 9TF3
£115K05/210.14 mi2, Holyhead Court, Middlesbrough, Redcar And Cleveland TS6 9TF3
£109.5K03/230.15 mi205, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9RA3
£75K08/210.15 mi5, Regent Court, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QX3
£75K08/210.15 mi5, Regent Court, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QX3
£85K04/230.16 mi3, Cardigan Close, Middlesbrough, Redcar And Cleveland TS6 9SP3
£63.5K01/210.17 mi19, Arundel Road, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QZ3
£80K11/200.17 mi56, Arundel Road, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QZ3
£114K04/210.18 mi1, Kerry Close, Middlesbrough, Redcar And Cleveland TS6 9TG3
£127K09/210.18 mi19, Brecon Gardens, Middlesbrough, Redcar And Cleveland TS6 9RZ3
£128K11/230.18 mi4, Brecon Gardens, Middlesbrough, Redcar And Cleveland TS6 9RZ3
£50K03/240.2 mi4, Griffiths Road, Middlesbrough, Redcar And Cleveland TS6 7NB3
£75K05/230.2 mi10, Griffiths Road, Middlesbrough, Redcar And Cleveland TS6 7NB3
£125K10/210.2 mi10, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ3
£140K09/220.2 mi6, Talbot Mews, Middlesbrough, Redcar And Cleveland TS6 9TJ3
£70K11/200.21 mi39, Attlee Road, Middlesbrough, Redcar And Cleveland TS6 7NA3
£75K06/210.22 mi47, Tennyson Avenue, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7NE3
£80.5K02/240.22 mi66, Tennyson Avenue, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7NE3
£58K10/230.26 mi79, Tennyson Avenue, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7ND3
£80K09/210.26 mi21, Tennyson Close, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7PE3
£73K02/210.26 mi7, Tennyson Close, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7PE3
£80K09/210.26 mi21, Tennyson Close, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7PE3
£66K11/230.26 mi52, Harlech Close, Middlesbrough, Redcar And Cleveland TS6 9SZ3
£76K10/210.27 mi20, Myrddin Baker Road, Middlesbrough, Redcar And Cleveland TS6 9SX3
£85K11/210.29 mi143, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 9RH3
£72K08/230.31 mi7, Gordon Crescent, Middlesbrough, Redcar And Cleveland TS6 7QS3
£75K12/200.33 mi10, Mosedale Road, Middlesbrough, Redcar And Cleveland TS6 7RH3
£85K12/200.35 mi51, Stafford Road, Middlesbrough, Redcar And Cleveland TS6 7PR3
£85K01/230.36 mi16, Langdale Crescent, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7RE3
£57K10/230.36 mi32, Langdale Crescent, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7RE3
£69K12/200.37 mi37, Langdale Crescent, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7RB3
£65K04/210.37 mi67, Langdale Crescent, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7RB3
£78K12/200.38 mi4, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PP3
£108K01/240.38 mi287, Fabian Road, Middlesbrough, Redcar And Cleveland TS6 7RL3
£100K04/210.39 mi119, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QT3
£112K12/200.4 mi20, Carlyle Road, Middlesbrough, Redcar And Cleveland TS6 9AU3
£125K11/230.4 mi2, Churchill Road, Middlesbrough, Redcar And Cleveland TS6 9PP3
£95K08/210.42 mi43, Nightingale Road, Middlesbrough, Redcar And Cleveland TS6 9PY3
£145K05/230.46 mi92, Church Lane, Eston, Middlesbrough, Redcar And Cleveland TS6 9QR3
£130.5K12/200.46 mi67, Wordsworth Road, Middlesbrough, Redcar And Cleveland TS6 9AZ3
£105K06/210.46 mi71, Wordsworth Road, Middlesbrough, Redcar And Cleveland TS6 9AZ3
£145K12/200.47 mi82, Westminster Close, Middlesbrough, Redcar And Cleveland TS6 9NR3

Local Rents

24 rents from £600/mo to £875/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£75003/250.08 mi-3
£87501/250.15 mi-3
£65010/240.17 miArundel Road, Grangetown, TS6 7QZ3
£65009/230.19 mi-3
£63009/230.19 mi-3
£63010/240.19 mi-3
£70010/230.2 mi-3
£62503/250.25 mi-3
£65011/230.26 mi-3
£82002/240.27 mi-3
£82010/240.27 mi-3
£82010/240.27 mi-3
£65010/240.31 miGrange Farm Road, Grangetown, Middlesbrough, TS63
£62510/240.36 miLangdale Crescent, Eston3
£70008/240.4 mi-3
£70009/240.41 mi-3
£65002/240.43 mi-3
£65006/240.43 mi-3
£60009/240.43 mi-3
£65010/240.43 miRydal Avenue, Grangetown, Middlesbrough, TS63
£85010/240.48 mi-3
£75001/250.54 mi-3
£77510/240.54 miWilton Way, Middlesbrough3
£65004/250.58 mi-3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

2.17 miles away

Nearest school

0.20 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £75,000

March 3, 2025

Description

A GROSS YIELD OF 10% AT THE ACCEPTABLE OFFER LEVEL
A WELL PRESENTED THREE BEDROOM INNER TERRACED PROPERTY SET WITHIN THIS STROJNG BUY-TO-LET LOCATION CLOSE TO STRONG COMMUTER ROUTES INCLUDING THE TRUNK ROAD AND THE A66 AMONGST OTHER. THE PROPERTY HAVING BOTH OFF STREET PARKING AND A WELL SIZED LAWNED GARDEN OFFERS SPACIOUS INTERNAL ACCOMMODATION INCLUDING A RECEPTION ROOM, A KITCHEN DINER, A DOWNSTAIRS CLOAKROOM, AND THREE FIRST FLOOR BEDROOMS AND A FAMILY BATHROOM. THE PROPERTY IS TENANTED HOWEVER IS SOON TO BECOME VACANT AS THE TENANT IS PURCHASING THEIR OWN PROPERTY ELSEWHERE. THE PROEPRTY IS CURRENTLY UP FOR LET AT £650 PCM WITH VIEWINGS CURRENTLY SET TO TAKE PLACE. THE PROPERTY HAS UPVC DOUBLE GLAZING AND GAS CENTRAL HEATING.

Agent Details

Progression Property, Middlesbrough

01642 056899

Next Steps?

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