2 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 4BS, £120,000

54 Aidan Court, St Cuthberts Mews, West Lane, Middlesbrough, TS5 4BS - 1 views - a month ago

Refurb/BRRR
ROI: 5%
~68 m²
+10 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£26,876

Bridging Loan Interest

£3,150

Total Cash In

£68,976

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£85,750

Mortgage (After Refinance)

£64,313

Mortgage LTV

75%

Cash Left In

£68,976

Equity

£21,438

Rent Range

£450 - £3,900

Rent Estimate

£700

Running Costs/mo

£428

Cashflow/mo

£272

Cashflow/yr

£3,264

ROI

5%

Gross Yield

7%













Local Rents

23 rents from £450/mo to £3.9K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65010/240.31 mi-2
£50010/240.32 miLongford Street, Middlesbrough, TS1 4RR2
£70001/250.33 mi-2
£80003/250.35 mi-2
£62510/240.35 miClough Close, Middlesbrough, North Yorkshire, TS5 5DW2
£50010/240.36 miSurrey Street, Middlesbrough, TS1 4QA2
£70003/250.38 mi-2
£62510/240.38 miEssex Street, Middlesbrough2
£47510/240.43 miUnion Street, Middlesbrough, North Yorkshire, TS12
£60010/240.47 mi-2
£65003/250.48 mi-2
£57501/250.52 mi-2
£60010/240.53 mi-2
£80001/250.54 mi-2
£78003/250.54 mi-2
£3,90010/240.54 miUnion Street, Middlesbrough, North Yorkshire, TS12
£45010/240.54 miUnion Street, Middlesbrough, North Yorkshire, TS12
£70010/240.56 mi15 Wentworth Street, Middlesbrough, North Yorkshire, TS12
£65012/240.58 mi-2
£65004/250.58 mi-2
£89510/240.59 mi-2
£75010/240.59 mi18 Waverley Street, Middlesbrough, North Yorkshire, TS12
£50010/240.61 miBrompton Street, Middlesbrough, North Yorkshire, TS52

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.91 miles away

Nearest school

0.20 miles away

Nearest train station

1.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £120,000

March 6, 2025

Floor Plans

Description

  • Modern Development Built In 2007 By Yuill Homes +
  • In Excellent Condition Ready To Move Straight Into +
  • Ideal First Purchase Or Buy-To-Let Investment Opportunity +
  • Potential To Achieve Around £700pcm Rental Income +
  • Driveway Providing Essential Off Road Parking +
  • Council Tax Band B & Energy Efficiency Rated C +
  • Lounge With French Doors Opening To The Garden +
  • South Facing Rear & Timber Decked Seating Area +
  • Ground Floor W.C & Large Utility Storage Cupboard +
  • Within Walking Distance To Local Schools & Amenities +

This Delightful Starter Home Presents An Excellent Opportunity For First-Time Buyers Or Those Seeking A Buy-To-Let Investment. With Two Well-Proportioned Bedrooms, A Spacious Lounge, Kitchen & Ground Floor W/C This Property Is Designed For Modern Living.

Full Description - The House Is In Superb Condition, Allowing You To Move Straight In Without The Need For Any Immediate Renovations. The South-Facing Rear Garden Is A Particular Highlight, Providing A Lovely Outdoor Space To Enjoy Throughout The Year.

This Property Also Offers The Potential To Achieve A Rental Income Of Approximately £700 Per Calendar Month, Making It An Attractive Option For Investors Looking To Expand Their Portfolio. With A Council Tax Band B, The Property Is Not Only Affordable But Also Conveniently Located, Ensuring Easy Access To Local Amenities And Transport Links.

In Summary, This Mid-Terrace House In Aidan Court Is A Fantastic Choice For Anyone

Location - From West Lane, Turn Onto Aidan Court, The Property Is Located On The Right Hand Side.

Macmillan Academy, Stockton Rd - 10 Minute Walk
Archibald Primary School - 7 MInute Walk
Play Area, Crescent Rd - 5 Minute Walk
ALDI - 4 Minute Drive, 20 Minute Walk
Albert Park, Park Rd N - 7 Minute Drive, 25 Minute Walk
Teesside Shopping Park Car Park - 6 Minuite Drive

Distance Times Estimated Using Google Maps.

Note - Please Find The Attached Brochure With Material Information For Buyers. Please Note The Vendor Informs Us Virgin Media Is Available At Their Property.

Disclaimer - Although Issued In Good Faith, These Particulars Are Not Factual Representations And Are Not A Part Of Any Offer Or Contract. Prospective Buyers Should Independently Verify The Matters Mentioned In These Particulars. There Is No Authority For Harper & Co Estate Agents Limited Or Any Of Its Employees To Make Any Representations Or Warranties About This Property.

While We Try To Be As Accurate As Possible With Our Sales Particulars, They Are Only A General Overview Of The Property. If There Is Anything In Particular That Is Important To You, Please Contact The Office And We Will Be Happy To Check The Situation For You, Especially If You Are Considering Traveling A Significant Distance To View The Property. The Measurements Provided Are Only For Guidance, Thus They Must Be Regarded As Inaccurate. Please Be Aware That Harper & Co Have Not Tested Any Of The Services, Appliances, Or Equipment In This Property; As A Result, We Advise Prospective Buyers To Commission Their Own Surveys Or Service Reports Before Submitting A Final Offer To Purchase. Money Laundering Regulations: In Order To Avoid Any Delays In Finalising The Sale, Intending Buyers Will Be Required To Provide Identification Documentation At A Later Time. Please Cooperate With Us In This Process.

Agent Details

Harper and Co Estate Agents, Teesside

01642 030494

Next Steps?

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