2 Bed Flat, Single Let, Middlesbrough, TS5 6DQ, £48,000

26 Stokesley Road, Marton, Middlesbrough, TS7 8DX - 2 views - a month ago

Sold STC
Leasehold
Auction
BTL
ROI: 18%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£50K - £134K
Sold Prices/m²£747/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£705/m²

Value Estimate

£59,520
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£15,600

 

 

Cash Out

 

Rent Range

£500 - £895

Rent Estimate

£500

Running Costs/mo

£270

Cashflow/mo

£230

Cashflow/yr

£2,760

ROI

18%

Gross Yield

13%

Local Sold Prices

35 sold prices from £50K to £134K, average is £82K. £747/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£64.8K10/220.01 mi10, The Potteries, Middlesbrough TS5 6DQ2
£65K09/220.13 mi65, Roman Road, Middlesbrough TS5 5PH2
£76K06/210.16 mi14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£80K07/230.16 mi19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£84K01/230.16 mi70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£90K08/230.28 mi9, Oriel Close, Middlesbrough TS5 5NJ2
£63K04/230.31 mi25, Camsell Court, Middlesbrough TS5 5BE2
£70K07/230.31 mi15, Camsell Court, Middlesbrough TS5 5BE2
£120K03/230.34 mi4, Belgravia Gardens, Middlesbrough TS5 6NZ2
£127.5K08/220.35 mi8, Belgravia Gardens, Middlesbrough TS5 6NZ2
£134K02/230.35 mi11, Belgravia Gardens, Middlesbrough TS5 6NZ2
£112K04/230.35 mi10, Belgravia Gardens, Middlesbrough TS5 6NZ2
£82K11/210.45 mi18, Bayberry Mews, Middlesbrough TS5 7RG2
£82K08/210.45 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K01/230.45 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K02/240.45 mi12, Bayberry Mews, Middlesbrough TS5 7RG2
£67.5K10/210.47 mi6, Clough Close, Middlesbrough TS5 5DW2
£59K10/200.47 mi21, Clough Close, Middlesbrough TS5 5DW2
£60K03/230.47 mi33, Clough Close, Middlesbrough TS5 5DW2
£70K11/230.47 mi31, Clough Close, Middlesbrough TS5 5DW2
£95K01/210.59 mi49, Stanhope Grove, Middlesbrough TS5 7SF2
£95K01/210.59 mi47, Stanhope Grove, Middlesbrough TS5 7SF2
£87K09/220.71 mi49, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£84K09/230.71 mi30, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£77.5K10/210.71 mi30, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£95K11/220.71 mi16, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£76.5K02/210.71 mi70, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£95K03/230.71 mi3, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£82K07/220.71 mi36, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£82.5K02/210.71 mi42, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£90K11/230.71 mi43, Rockingham Court, Acklam, Middlesbrough TS5 7BN2
£55K09/230.72 mi20, St Francis Close, Middlesbrough TS5 4GY2
£71K12/200.75 mi31, Gresham Road, Middlesbrough TS1 4LU2
£75K12/220.85 miFlat 6, Glen Court, Glendale Road, Middlesbrough TS5 7FL2
£50K05/220.95 mi8, Teare Close, Middlesbrough TS1 5ND2

Local Rents

28 rents from £500/mo to £895/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£65010/240.11 miDorman Gardens, Middlesbrough, Cleveland, TS52
£70010/240.24 mi-2
£70010/240.24 miThe Avenue, Middlesbrough, TS52
£69510/240.27 miCambridge Square, Middlesbrough, Cleveland, TS52
£62502/250.32 mi-2
£72502/250.33 mi-2
£67503/250.35 mi-2
£70011/240.36 mi-2
£65012/240.38 mi-2
£65004/250.38 mi-2
£60011/240.39 mi-2
£65002/240.39 mi-2
£89510/240.41 mi-2
£78003/250.44 mi-2
£50010/240.45 miBrompton Street, Middlesbrough, North Yorkshire, TS52
£75010/240.46 mi-2
£62510/240.46 miClough Close, Middlesbrough, North Yorkshire, TS5 5DW2
£80004/250.46 mi-2
£72509/230.47 mi-2
£75002/240.49 mi-2
£65012/240.49 mi-2
£59510/240.51 miCaxton Street, Middlesbrough2
£75001/250.53 mi-2
£65010/240.55 mi-2
£80001/250.55 mi-2
£65003/250.56 mi-2
£62510/240.57 miEssex Street, Middlesbrough2
£50010/240.58 miSurrey Street, Middlesbrough, TS1 4QA2

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.33 miles away

Nearest school

0.80 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £48,000

March 5, 2025

Floor Plans

Description

* FOR SALE VIA AUCTION START BID £48,000 * SUBJECT TO RESERVE PRICE ***

SMITH & FRIENDS are delighted to offer for sale this deceptively spacious two bedroom apartment with NO CHAIN involved and within walking distance n local amenities. The accommodation briefly comprises; entrance hallway, two bedrooms, the master bedroom benefitting from an en suite shower room, separate bathroom and a generous open plan kitchen/ dining space. Externally there is communal parking.

Auctioneers Comments - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Smith & Friends Estate Agents, Middlesbrough

01642 056930

Next Steps?

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