3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 5LN, £170,000

Eastgate Road, Middlesbrough, North Yorkshire, TS5 5LN - a month ago

Refurb/BRRR
ROI: 2%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£52K - £295K
Sold Prices/m²£559/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£143,308

 

 

End Value (After Refurb)

£165,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Refurb Costs

£36,697

Bridging Loan Interest

£4,463

Total Cash In

£95,110

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,000

Mortgage (After Refinance)

£123,750

Mortgage LTV

75%

Cash Left In

£95,110

Equity

£41,250

Rent Range

£745 - £1,050

Rent Estimate

£888

Running Costs/mo

£713

Cashflow/mo

£175

Cashflow/yr

£2,097

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £52K to £295K, average is £168K. £559/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£147.5K11/210 mi22, Eastgate Road, Middlesbrough TS5 5LN3
£190K08/230.04 mi55, Harrow Road, Middlesbrough TS5 5LH3
£169K04/210.04 mi54, Harrow Road, Middlesbrough TS5 5LH3
£138K03/240.04 mi77, Harrow Road, Middlesbrough TS5 5LH3
£158.5K05/230.06 mi51, Harrow Road, Middlesbrough TS5 5NS3
£110K03/230.08 mi41, Thornfield Grove, Middlesbrough TS5 5LQ3
£255K03/240.08 mi47, Thornfield Grove, Middlesbrough TS5 5LQ3
£151K07/210.08 mi27, Birchgate Road, Middlesbrough TS5 5NP3
£205K02/230.15 mi6, Thornfield Grove, Middlesbrough TS5 5LF3
£174K06/210.17 mi29, Stanhope Grove, Middlesbrough TS5 7SF3
£240K06/230.17 mi8, Florida Gardens, Middlesbrough TS5 7SQ3
£162K10/210.17 mi23, Broadgate Road, Middlesbrough TS5 5LP3
£195K07/230.17 mi7, Broadgate Road, Middlesbrough TS5 5LP3
£217K09/230.2 mi16, Kingston Avenue, Middlesbrough TS5 7RS3
£230K02/240.2 mi11, Kingston Avenue, Middlesbrough TS5 7RS3
£152.5K06/210.21 mi30, Ridley Avenue, Middlesbrough TS5 7AN3
£134K12/200.21 mi28, Ridley Avenue, Acklam, Middlesbrough TS5 7AN3
£175K07/230.21 mi16, Ridley Avenue, Acklam, Middlesbrough TS5 7AN3
£128K06/210.21 mi7, Ridley Avenue, Acklam, Middlesbrough TS5 7AL3
£167.5K06/230.21 mi23, Ridley Avenue, Acklam, Middlesbrough TS5 7AL3
£218K09/230.22 mi3, Jesmond Avenue, Middlesbrough TS5 5JY3
£152K02/230.22 mi21, Britain Avenue, Middlesbrough TS5 7AT3
£220K08/230.23 mi10, Harrow Road, Middlesbrough TS5 5PD3
£205K05/210.24 mi8, Cleveland Avenue, Middlesbrough TS5 7RR3
£155K04/210.25 mi5, Britain Avenue, Middlesbrough TS5 7AT3
£150K07/210.25 mi7, Britain Avenue, Middlesbrough TS5 7AT3
£143.3K06/230.25 mi3, Briarvale Avenue, Middlesbrough TS5 7RP3
£135K03/210.25 mi4, Cleveland Avenue, Middlesbrough TS5 7RR3
£295K06/230.26 mi56, Cambridge Road, Linthorpe, Middlesbrough TS5 5HG3
£170K11/210.26 mi92, Ullswater Avenue, Middlesbrough TS5 7DL3
£165K10/230.26 mi8, Hardwick Avenue, Middlesbrough TS5 7AS3
£170K09/230.27 mi1, Greenwood Avenue, Middlesbrough TS5 7RW3
£210K09/230.27 mi52, Ridley Avenue, Acklam, Middlesbrough TS5 7AW3
£140K01/240.28 mi2, Hatfield Avenue, Middlesbrough TS5 7AU3
£190K02/240.28 mi56, Barker Road, Middlesbrough TS5 5ES3
£52K03/240.29 mi34, Ambleside Grove, Middlesbrough TS5 7DQ3
£110K02/230.29 mi57, Barker Road, Middlesbrough TS5 5EW3
£170K01/230.29 mi27, Barker Road, Middlesbrough TS5 5EW3
£168K01/240.29 mi21, Barker Road, Middlesbrough TS5 5EW3
£163K09/230.29 mi23, Hatfield Avenue, Middlesbrough TS5 7AX3
£116K12/200.29 mi41, Ridley Avenue, Middlesbrough TS5 7AR3
£195K08/230.29 mi41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR3
£195K08/230.29 mi41, Ridley Avenue, Acklam, Middlesbrough TS5 7AR3
£159K11/210.3 mi9, Linden Grove, Middlesbrough TS5 5NF3
£230K10/230.31 mi40, Linden Grove, Middlesbrough TS5 5NE3
£186K10/230.31 mi10, Linden Grove, Middlesbrough TS5 5NE3
£120K12/200.32 mi49, Appleton Road, Middlesbrough TS5 5JF3
£134K08/210.32 mi120, Coniston Grove, Middlesbrough TS5 7DG3
£168K08/210.32 mi118, Coniston Grove, Middlesbrough TS5 7DG3
£170K05/230.32 mi6, Ennerdale Avenue, Middlesbrough TS5 7BB3
£150K08/230.32 mi6, Marion Avenue, Middlesbrough TS5 5JG3

Local Rents

18 rents from £745/mo to £1.1K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£1,05003/250.22 mi-3
£90003/250.31 mi-3
£90010/240.32 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£90010/240.41 miConiston Grove, Middlesbrough3
£85010/240.42 mi-3
£85010/240.42 miMiddlesbrough, Middlesbrough, TS53
£74502/250.44 mi-3
£76509/240.45 mi-3
£95003/250.46 mi-3
£80010/240.48 mi-3
£95003/250.48 mi-3
£85003/250.53 mi-3
£89504/240.54 mi-3
£85003/250.54 mi-3
£1,01510/240.6 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.61 miAcklam Gardens, Middlesbrough, TS53
£75003/250.62 mi-3
£75003/250.62 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.38 miles away

Nearest school

0.10 miles away

Nearest train station

1.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £170,000

March 6, 2025

Description

This bay fronted three bedroom end-terraced house in desirable, mature surroundings of Linthorpe is sensibly priced to take into consideration some improvement & modernisation. Available with immediate vacant possession, other features include gardens to the front & rear, central heating & some double glazing. Comprising entrance hall, lounge, rear sitting/dining room & kitchen. The first floor has three bedrooms & bathroom

LOCATION
Enjoying a highly regarded residential setting, Eastgate Road is approached from Thornfield Grove and Green Lane.

ENTRANCE
UPVC entrance door with double glazed insert into:

ENTRANCE HALL
Staircase to first floor with cupboard below, double radiator.

LOUNGE
18ft8in x 11ft11in (5.69m x 3.63m) into depth of alcoves. Front aspect UPVC double glazed bow window, 'Baxi Bermuda' living flame gas fire with back boiler, single radiator, coved ceiling, double doors opening into:

SITTING ROOM
11ft11in x 8ft0in (3.63m x 2.44m), double radiators, UPVC door with double glazed insert onto rear garden, connecting door into:

DINING KITCHEN
15ft11in x 10ft9in (4.85 x 2.44m) with a superb range of modern Maplewood style base, drawer and wall units, marble efect roll-top worksurfaces, built-in stainless steel electric oven and four ring gas hob with extractor hood over, plumbing for automatic washing machine, wine rack, inset single drainer stainless steel sink unit with mixer taps over, double radiator.

LANDING

BEDROOM 1
10ft7in x 7ft8in (3.28 x 2.34m) plus depth of fitted wardrobes with sliding doors, single radiator, coved ceiling.

BEDROOM 2
10ft9in x 7ft8in (3.28m x 2.34m) plus depth of door recess. Single radiator, woodgrain effect laminated flooring, coved ceiling.

BEDROOM 3
8ft9in x 6ft9in (2.67m x 2.06m), single radiator

BATHROOM/W.C.
With a peach coloured suite comprising: panelled bath with shower over, pedestal wash hand basin and close coupled w.c. ceramic part tiled walls, access to partially boarded loft.

EXTERNALLY
Walled front garden with shaped lawn and border. Patio style rear garden with pergola and timber shed, security light, outside tap.

Agent Details

Bridgfords, Middlesbrough

01642 056953

Next Steps?

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