2 Bed Flat, Single Let, Middlesbrough, TS5 5DW, £70,000

Clough Close,Linthorpe,Middlesbrough,TS5 5DW - 25 days ago

Leasehold

BTL

ROI: 8%

~68 m²

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1K/m²
Value Estimate	£86,100£86,100
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£450 - £3,900£450 - £3,900
Rent Estimate	£491
Running Costs/mo	£337£337
Cashflow/mo	£154£154
Cashflow/yr	£1,849£1,849
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

23 sold prices from £50K to £134K, average is £76K. £747/m² to £2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£67.5K	10/21	0.01 mi	6, Clough Close, Middlesbrough TS5 5DW	£1,071	63	2	Flat
£59K	10/20	0.01 mi	21, Clough Close, Middlesbrough TS5 5DW	£844	70	2	Flat
£60K	03/23	0.01 mi	33, Clough Close, Middlesbrough TS5 5DW	£1,091	55	2	Flat
£70K	11/23	0.01 mi	31, Clough Close, Middlesbrough TS5 5DW	£1,346	52	2	Flat
£63K	04/23	0.17 mi	25, Camsell Court, Middlesbrough TS5 5BE	-	-	2	Flat
£70K	07/23	0.17 mi	15, Camsell Court, Middlesbrough TS5 5BE	£1,296	54	2	Flat
£64.8K	10/22	0.48 mi	10, The Potteries, Middlesbrough TS5 6DQ	£830	78	2	Flat
£71K	12/20	0.48 mi	31, Gresham Road, Middlesbrough TS1 4LU	£1,183	60	2	Flat
£50K	05/22	0.51 mi	8, Teare Close, Middlesbrough TS1 5ND	£794	63	2	Flat
£65K	09/22	0.6 mi	65, Roman Road, Middlesbrough TS5 5PH	£747	87	2	Flat
£76K	06/21	0.63 mi	14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,310	58	2	Flat
£80K	07/23	0.63 mi	19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	-	-	2	Flat
£84K	01/23	0.63 mi	70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS	£1,556	54	2	Flat
£120K	03/23	0.67 mi	4, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£127.5K	08/22	0.67 mi	8, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,992	64	2	Flat
£134K	02/23	0.67 mi	11, Belgravia Gardens, Middlesbrough TS5 6NZ	£1,648	81	2	Flat
£112K	04/23	0.67 mi	10, Belgravia Gardens, Middlesbrough TS5 6NZ	-	-	2	Flat
£90K	08/23	0.74 mi	9, Oriel Close, Middlesbrough TS5 5NJ	-	-	2	Flat
£55K	09/23	0.87 mi	20, St Francis Close, Middlesbrough TS5 4GY	£809	68	2	Flat
£82K	11/21	0.91 mi	18, Bayberry Mews, Middlesbrough TS5 7RG	£1,464	56	2	Flat
£82K	08/21	0.91 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,579	52	2	Flat
£85K	01/23	0.91 mi	16, Bayberry Mews, Middlesbrough TS5 7RG	£1,637	52	2	Flat
£85K	02/24	0.91 mi	12, Bayberry Mews, Middlesbrough TS5 7RG	£1,667	51	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£800	03/25	0.01 mi	-	2	Flat
£625	10/24	0.02 mi	Clough Close, Middlesbrough, North Yorkshire, TS5 5DW	2	Flat
£650	10/24	0.09 mi	-	2	Terraced House
£500	10/24	0.15 mi	Surrey Street, Middlesbrough, TS1 4QA	2	Terraced House
£625	10/24	0.17 mi	Essex Street, Middlesbrough	2	Flat
£650	03/25	0.23 mi	-	2	Terraced House
£780	03/25	0.23 mi	-	2	Terraced House
£650	12/24	0.25 mi	-	2	Flat
£650	04/25	0.25 mi	-	2	Flat
£700	01/25	0.26 mi	-	2	Terraced House
£895	10/24	0.27 mi	-	2	Terraced House
£800	01/25	0.27 mi	-	2	Terraced House
£500	10/24	0.28 mi	Longford Street, Middlesbrough, TS1 4RR	2	Flat
£500	10/24	0.3 mi	Brompton Street, Middlesbrough, North Yorkshire, TS5	2	Terraced House
£600	11/24	0.32 mi	-	2	Terraced House
£750	10/24	0.33 mi	-	2	Terraced House
£700	11/24	0.33 mi	-	2	Terraced House
£625	02/25	0.33 mi	-	2	Flat
£700	03/25	0.34 mi	-	2	Terraced House
£600	10/24	0.35 mi	-	2	Terraced House
£675	03/25	0.35 mi	-	2	Flat
£650	02/24	0.35 mi	-	2	Terraced House
£600	10/24	0.36 mi	-	2	Terraced House
£575	01/25	0.37 mi	-	2	Terraced House
£475	10/24	0.39 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£595	10/24	0.39 mi	Caxton Street, Middlesbrough	2	Terraced House
£650	12/24	0.4 mi	-	2	Terraced House
£700	10/24	0.49 mi	15 Wentworth Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£3,900	10/24	0.5 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£450	10/24	0.5 mi	Union Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£750	10/24	0.51 mi	18 Waverley Street, Middlesbrough, North Yorkshire, TS1	2	Flat
£700	10/24	0.53 mi	-	2	Flat
£700	10/24	0.53 mi	The Avenue, Middlesbrough, TS5	2	Flat
£650	10/24	0.58 mi	Dorman Gardens, Middlesbrough, Cleveland, TS5	2	Flat
£563	10/24	0.61 mi	2 Bed Apartment On Wilton Street	2	Flat

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.59 miles away2.59 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £70,000

March 13, 2025

Floor Plans

Description

FIRST FLOOR FLAT +
GREAT LOCATION +
GOOD ACCESS TO MIDDLESBROUGH TOWN CENTRE +
JAMES COOK HOSPITAL CLOSE COMMUTE +
SPACIOUS LOUNGE / DINER +
SEPARATE KITCHEN +
TWO DOUBLE BEDROOMS +
PVCu DOUBLE GLAZING +
ALLOCATED PARKING +
EPC RATING C +

QUOTE REF: IP0768 WHEN CALLING TO ARRANGE YOUR VIEWING, OR, FOR MORE INFORMATION. A first floor purpose built modern apartment situated close to good transport links as well as being close to Middlesbrough Town Centre, James Cook University Hospital and Teesside University. Likely to appeal to those looking for a first footing on the property ladder, or those wanting to tap into the local rental market and have has a buy to let investment, this chain free apartment briefly comprises; communal entry and hall, private hall, lounge/diner, fitted kitchen, two bedrooms, bathroom/wc. PVCu double glazing and warmed by electric heating make for a cosy feel. Outside there is an allocated parking space, visitor parking and communal grounds. Call to view.

Agent Details

eXp UK, North East

03304 609968

Next Steps?

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