3 Bed Terraced House, Refurb/BRRR, TS2 1TJ, £70,000

5 Meadowdale Close, Port Clarence, Middlesbrough, TS2 1TJ - 1 views - 20 days ago

Refurb/BRRR
ROI: 6%
86 m²
+15 photos

ValuationOvervalued

Sold Prices£25K - £135K
Sold Prices/m²£316/m² - £1.8K/m²

 

 

Square Metres

86 m²
Price/m²£814/m²

Value Estimate

£63,681

 

 

End Value (After Refurb)

£72,940

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£33,935

Bridging Loan Interest

£1,838

Total Cash In

£59,723

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£72,940

Mortgage (After Refinance)

£54,705

Mortgage LTV

75%

Cash Released

£2,205

Cash Left In

£57,518

Equity

£18,235

Rent Range

£425 - £2,400

Rent Estimate

£667

Running Costs/mo

£381

Cashflow/mo

£286

Cashflow/yr

£3,428

ROI

6%

Gross Yield

11%

Local Sold Prices

50 sold prices from £25K to £135K, average is £70K. £316/m² to £1.8K/m², average is £764/m².

PriceDateDistanceAddressBeds 
£53K10/230 mi17, Meadowdale Close, Middlesbrough, Stockton-on-tees TS2 1TJ3
£39K08/220.02 mi15, Meadowdale Close, Middlesbrough, Stockton-on-tees TS2 1TJ3
£45K02/240.04 mi16, Saltholme Close, Middlesbrough, Stockton-on-tees TS2 1TL3
£45.5K02/240.04 mi6, Saltholme Close, Middlesbrough, Stockton-on-tees TS2 1TL3
£30K10/200.06 mi2, Saltholme Close, Middlesbrough, Stockton-on-tees TS2 1TL3
£72K12/210.36 mi2, Victoria Terrace, Middlesbrough, Stockton-on-tees TS2 1SR3
£42K08/211.37 mi28, Montrose Street, Middlesbrough TS1 2HU3
£100K08/231.41 mi13, Greenwood Road, Billingham, Stockton-on-tees TS23 4AZ3
£89K03/231.45 mi11, Petch Close, Middlesbrough TS1 5LE3
£70K02/211.48 mi36, Carey Close, Middlesbrough TS1 5NH3
£135K05/231.49 mi21, Palin Close, Middlesbrough TS4 2FF3
£122K02/231.52 mi11, St Johns Close, Middlesbrough TS4 2FG3
£78K01/211.55 mi5, Myrtle Street, Middlesbrough TS1 3EB3
£40K10/201.59 mi52, Pelham Street, Middlesbrough TS1 4DJ3
£72K03/231.59 mi71, Pelham Street, Middlesbrough TS1 4DJ3
£54K11/221.59 mi53, Percy Street, Middlesbrough TS1 4DD3
£65K10/211.6 mi10, Stamford Street, Middlesbrough TS1 3EW3
£70K10/211.6 mi14, Stamford Street, Middlesbrough TS1 3EW3
£47K06/211.6 mi86, Clifton Street, Middlesbrough TS1 4BX3
£73K11/221.61 mi39, Clifton Street, Middlesbrough TS1 4BY3
£50K12/221.64 mi116, Gresham Road, Middlesbrough TS1 4LP3
£41.5K09/211.65 mi90, Outram Street, Middlesbrough TS1 4EG3
£63.5K07/231.65 mi4, Ross Street, Middlesbrough TS1 4EJ3
£120K03/231.65 mi6, Cornwall Crescent, Billingham, Stockton-on-tees TS23 4BG3
£129.9K10/201.65 mi22, Cornwall Crescent, Billingham, Stockton-on-tees TS23 4BG3
£130K06/231.65 mi20, Cornwall Crescent, Billingham, Stockton-on-tees TS23 4BG3
£62K04/231.65 mi90, Outram Street, Middlesbrough TS1 4EG3
£73K12/221.66 mi23, Romney Street, Middlesbrough TS1 4NE3
£70K06/211.66 mi96, Gresham Road, Middlesbrough TS1 4LW3
£35.3K07/211.66 mi18, Romney Street, Middlesbrough TS1 4NE3
£78K10/201.66 mi42, Devon Crescent, Billingham, Stockton-on-tees TS23 4BP3
£73K08/231.66 mi40, Devon Crescent, Billingham, Stockton-on-tees TS23 4BP3
£102.5K03/231.66 mi32, Devon Crescent, Billingham, Stockton-on-tees TS23 4BP3
£72K12/221.67 mi16, Stowe Street, Middlesbrough TS1 4ND3
£52K12/201.67 mi3, Faraday Street, Middlesbrough TS1 4EQ3
£110K01/231.68 mi13, Devon Crescent, Billingham, Stockton-on-tees TS23 4BS3
£75K02/231.68 mi76, Gresham Road, Middlesbrough TS1 4LN3
£132.5K12/231.7 mi74, Cowpen Lane, Billingham, Stockton-on-tees TS23 4AS3
£127K05/211.71 mi56, Cowpen Lane, Billingham, Stockton-on-tees TS23 4AR3
£57.5K11/221.72 mi30, Egerton Street, Middlesbrough TS1 3LT3
£62K03/211.72 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£95K01/231.72 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£61.5K12/221.72 mi54, Carlow Street, Middlesbrough TS1 4SD3
£54.5K11/201.73 mi39, Parliament Road, Middlesbrough TS1 4JP3
£110K04/231.74 mi19, Kildale Court, North Ormesby, Middlesbrough TS3 6LS3
£65K03/231.75 mi1, Surrey Street, Middlesbrough TS1 4QD3
£25K04/211.75 mi30, Surrey Street, Middlesbrough TS1 4QD3
£68K04/231.75 mi38, Essex Street, Middlesbrough TS1 4PS3
£65K12/211.75 mi59, Orwell Street, Middlesbrough TS1 4SW3
£90K05/231.76 mi4, Albert Terrace, Middlesbrough TS1 3PB3

Local Rents

50 rents from £425/mo to £2.4K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£58910/240.86 miSussex Street, Middlesbrough, North Yorkshire, TS21
£55010/241.03 miLinthorpe Road, Middlesbrough1
£60010/241.03 miLinthorpe Road, Middlesbrough1
£47710/241.08 miLinthorpe Road, Middlesbrough, North Yorkshire, TS11
£67501/251.16 mi-2
£67503/251.16 mi-2
£70010/241.18 miCiac Building, Quay Street, Middlesbrourgh, TS22
£57502/251.18 mi-1
£60003/251.19 mi-1
£2,40010/241.2 mi-4
£65010/241.2 miNewport Road, Middlesbrough, North Yorkshire, TS12
£54210/241.21 miCorporation Road, Middlesbrough, TS1 1LY1
£62810/241.21 miCorporation Road, Middlesbrough, TS1 1LY1
£52010/241.21 miCorporation Road, Middlesbrough, TS1 1LY1
£58510/241.21 miRede House1
£56310/241.21 miCorporation Road, Middlesbrough, TS1 1LY1
£65010/241.21 miCorporation Road, Middlesbrough, TS1 1LY1
£58510/241.21 miCorporation Road, Middlesbrough, TS1 1LY1
£60710/241.21 miCorporation Road, Middlesbrough, TS1 1LY1
£42510/241.24 miHarris Street, Middlesbrough1
£55010/241.27 miGrange Road, Middlesbrough, North Yorkshire, TS11
£90010/241.27 miGrange Road, Middlesbrough, North Yorkshire, TS14
£60010/241.27 miGrange Road, Middlesbrough, North Yorkshire, TS11
£65010/241.31 miLinthorpe Road, Middlesbrough1
£65010/241.35 mi25b Bedford Street, Middlesbrough, North Yorkshire, TS12
£67210/241.36 miBorough Road, Middlesbrough1
£70010/241.38 miAlbert Road, Middlesbrough, TS11
£65010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£72510/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£75010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£63010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£63010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£70010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£63010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£62510/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£72510/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£63010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£63010/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£77510/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£77510/241.38 miAlbert Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miBorough Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miBorough Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miBorough Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miBorough Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miBorough Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miBorough Road, Middlesbrough, North Yorkshire, TS11
£65010/241.38 miBorough Road, Middlesbrough, North Yorkshire, TS11
£45010/241.39 miBorough Road, Middlesbrough, North Yorkshire, TS11

Local Area Statistics

Population in TS2

780

Nearest school

0.20 miles away

Nearest train station

0.98 miles away

 

 

Rental growth (12m)

+15%

Property History

Listed for £70,000

March 13, 2025

Floor Plans

Description

  • NO CHAIN +
  • THREE BEDROOMS +
  • FAMILY BATHROOM AND GROUND FLOOR W/C +
  • OFF STREET PARKING +
  • TWO RECEPTION AREAS +
  • GAS CENTRAL HEATING +
  • COUNCIL TAX BAND A +
  • TENURE- FREEHOLD +

Clarke Munro offer to the market this three bedroom property which is offered with no onward chain. Internal renovations have been carried out throughout the property allowing for a modern living space. The property comprises of entrance porch which leads to the hallway, the lounge is to the right and then the dining space to the left which opens into the kitchen area. A rear lobby leads to the ground floor w/c. The first floor has three bedrooms and a bathroom w/c. Externally is a block paved driveway to the front and enclosed rear garden.

Agent Details

Clarke Munro, Middlesbrough

01642 056909

Next Steps?

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