2 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS3 0QL, £60,000

65 Netherfields Crescent, Middlesbrough, TS3 0QL - 2 views - a month ago

Sold STC
Refurb/BRRR
ROI: 7%
57 m²
+1 photos

ValuationFair Value

Sold Prices£50K - £275K
Sold Prices/m²£700/m² - £2.8K/m²

 

 

Square Metres

57 m²
Price/m²£1.1K/m²

Value Estimate

£60,600

 

 

End Value (After Refurb)

£66,500

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£22,492

Bridging Loan Interest

£1,575

Total Cash In

£45,017

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£66,500

Mortgage (After Refinance)

£49,875

Mortgage LTV

75%

Cash Released

£4,875

Cash Left In

£40,142

Equity

£16,625

Rent Range

£495 - £850

Rent Estimate

£625

Running Costs/mo

£353

Cashflow/mo

£272

Cashflow/yr

£3,266

ROI

7%

Gross Yield

13%

Local Sold Prices

50 sold prices from £50K to £275K, average is £100.5K. £700/m² to £2.8K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£66.5K04/210.05 mi38, Netherfields Crescent, Middlesbrough TS3 0QL2
£50K12/200.05 mi39, Netherfields Crescent, Middlesbrough TS3 0QL2
£69K12/200.18 mi140, The Greenway, Middlesbrough TS3 9NU2
£86K04/210.26 mi2, Cadwell Close, Middlesbrough TS3 0QE2
£65K10/200.41 mi85, Ainsworth Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QB2
£81K04/210.46 mi13, Leamington Grove, Middlesbrough TS3 0PH2
£105K02/210.47 mi56, Bournemouth Avenue, Middlesbrough TS3 0NR2
£110K06/210.53 mi7, Park Avenue South, Middlesbrough TS3 0PB2
£86K03/230.54 mi79, Caithness Road, Middlesbrough, Redcar And Cleveland TS6 0AJ2
£82.5K08/210.55 mi10, Eastbourne Gardens, Middlesbrough TS3 0PD2
£275K01/240.56 mi34, Carron Grove, Middlesbrough, Redcar And Cleveland TS6 0HD2
£70K11/200.56 mi12, Grantley Avenue, Middlesbrough TS3 9HN2
£116K04/210.58 mi3, Bournemouth Avenue, Middlesbrough TS3 0NH2
£102.5K02/210.58 mi19, Bournemouth Avenue, Middlesbrough TS3 0NH2
£101K09/210.59 mi27, Hamilton Grove, Middlesbrough, Redcar And Cleveland TS6 0AH2
£127K01/230.6 mi14, Oakrise, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9RG2
£220K03/210.6 mi52, Willow Drive, Middlesbrough, Redcar And Cleveland TS6 0HP2
£140K11/210.61 mi23, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HJ2
£225K05/230.61 mi29, Cricket Lane, Middlesbrough, Redcar And Cleveland TS6 0HJ2
£88K05/210.61 mi88, Middlebeck Close, Middlesbrough TS3 8RG2
£137K12/200.63 mi46, Blantyre Road, Middlesbrough, Redcar And Cleveland TS6 0EY2
£120K03/210.66 mi27, Balmoral Road, Middlesbrough TS3 0NF2
£175K04/230.66 mi9, Braidwood Road, Middlesbrough, Redcar And Cleveland TS6 0HA2
£80K10/210.67 mi89, Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0AF2
£178K05/230.68 mi49, High Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LD2
£97K08/230.7 mi46, Manor Green, Middlesbrough, Redcar And Cleveland TS6 0DZ2
£52.5K04/210.7 mi22, Bywell Grove, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9LL2
£94.5K12/230.71 mi8, Westbourne Grove, South Bank, Middlesbrough, Redcar And Cleveland TS6 0AE2
£64K07/210.73 mi33, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE2
£70K02/230.73 mi33, Ainstable Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NE2
£155K08/210.74 mi15, Thirlmere Crescent, Middlesbrough, Redcar And Cleveland TS6 0EU2
£80K01/210.74 mi432, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 9BW2
£88K03/210.75 mi33, College Road, Middlesbrough TS3 9EN2
£83K02/210.75 mi25, College Road, Middlesbrough TS3 9EN2
£125K10/200.75 mi38, High Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0JZ2
£73.5K03/210.76 mi6, Lobelia Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9PJ2
£125K01/230.76 mi65, Norfolk Crescent, Middlesbrough TS3 0LZ2
£75K11/230.76 mi8, Alwinton Court, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NG2
£100K10/230.76 mi22, Alwinton Court, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9NG2
£167.5K05/230.78 mi6, North Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BW2
£110K07/210.78 mi18, West Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LF2
£130K12/210.78 mi20, West Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LF2
£77K09/210.78 mi7, Hanson Grove, Middlesbrough TS3 9JY2
£168K11/230.79 mi2, Church Close, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9AN2
£128.5K02/230.79 mi33, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG2
£139.5K08/230.79 mi40, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG2
£129K01/210.79 mi40, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG2
£78.8K03/210.79 mi39, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG2
£140K10/230.79 mi9, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG2
£66K02/210.79 mi23, Hoskins Way, Middlesbrough TS3 8NJ2

Local Rents

18 rents from £495/mo to £850/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£49510/240.33 miSedgebrook Gardens, Middlesbrough, TS32
£72510/240.65 miMeredith Avenue, Middlesbrough TS6 0HW2
£62501/250.69 mi-2
£62502/250.75 mi-2
£55010/240.79 miNormanby Road, Middlesbrough2
£56010/240.8 mi-2
£85011/240.8 mi-2
£59512/240.83 mi-2
£75006/240.85 mi-2
£60010/240.86 miLambton Street, Normanby, Middlesbrough TS6 0LP2
£69507/240.89 mi-2
£75001/250.9 mi-2
£65005/240.93 mi-2
£65010/241 miDelarden Road, Pallister Park2
£65010/241.14 miNightingale Road, Eston2
£67510/241.18 miBrecon Gardens, Middlesbrough2
£60006/241.2 mi-2
£75003/251.21 mi-2

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

0.79 miles away

Nearest school

0.20 miles away

Nearest train station

1.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £60,000

March 6, 2025

Floor Plans

Description

  • EPC RATING 'D' - 68/87 +
  • EXPECETED RENT POST REFURB - £625-675 PCM +

SOLD INSTANTLY WITHOUT THE NEED FOR ANY ONLINE MARKETING - WE HAVE 4 FINANCIALLY QUALIFIED BUYERS WHO ARE LOOKING TO PURCHASE THIS TYPE OF PROPERTY IN THIS DIRECT LOCALITY. IF YOU HAVE A PROPERTY WHICH YOU ARE LOOKING TO DISPOSE OF PLEASE CONTACT US AS WE WILL BE ABLE TO HELP
A two bedroom end of terrace property with gardens to front and rear, and a lengthy driveway, which is being sold as seen and with vacant possession. The property in brief comprises of a Hallway, Lounge, & a Dining Kitchen to the ground-floor, with two Bedrooms and a Bathroom to the first floor. The property required modernising, repair and upgrading throughout.

Agent Details

Progression Property, Middlesbrough

01642 056899

Next Steps?

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