2 Bed Bungalow, Refurb/BRRR, Middlesbrough, TS5 8LH, £165,000

Birtley Avenue, Middlesbrough, TS5 8LH - 19 days ago

Refurb/BRRR
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£60K - £210K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£153,333

 

 

End Value (After Refurb)

£155,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£26,876

Bridging Loan Interest

£4,331

Total Cash In

£83,657

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,000

Mortgage (After Refinance)

£116,250

Mortgage LTV

75%

Cash Left In

£83,657

Equity

£38,750

Rent Range

£455 - £795

Rent Estimate

£663

Running Costs/mo

£637

Cashflow/mo

£26

Cashflow/yr

£312

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £60K to £210K, average is £154.8K. £1.1K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£113.5K01/210 mi14, Birtley Avenue, Middlesbrough TS5 8LH2
£155K03/230.12 mi8, Urlay Grove, Middlesbrough TS5 8LB2
£159.9K11/230.14 mi3, Greatham Close, Middlesbrough TS5 8JY2
£135K02/230.16 mi4, Greatham Close, Middlesbrough TS5 8JY2
£163K04/230.19 mi16, Mainsforth Drive, Middlesbrough TS5 8JZ2
£132K09/230.25 mi47, Kader Avenue, Middlesbrough TS5 8NH2
£136K10/230.25 mi48, Kader Avenue, Middlesbrough TS5 8NH2
£178.9K03/210.29 mi25, Runswick Avenue, Middlesbrough TS5 8JS2
£192K08/230.29 mi27, Runswick Avenue, Middlesbrough TS5 8JS2
£128.5K03/210.29 mi12, Cotherstone Drive, Middlesbrough TS5 8JJ2
£137K03/230.32 mi107, Carlbury Avenue, Middlesbrough TS5 8SY2
£120K11/210.32 mi105, Carlbury Avenue, Middlesbrough TS5 8SY2
£160K11/200.34 mi9, Harbourne Gardens, Middlesbrough TS5 8DB2
£92K12/200.36 mi36, Trimdon Avenue, Middlesbrough TS5 8LS2
£192.5K12/220.37 mi17, Grisedale Close, Middlesbrough TS5 8JW2
£150K07/210.37 mi29, Medbourne Gardens, Middlesbrough TS5 8DH2
£175K04/240.39 mi3, Sedgefield Road, Middlesbrough TS5 8JN2
£159.6K02/230.4 mi37, Sedgefield Road, Middlesbrough TS5 8JN2
£210K11/210.4 mi19, Holbeck Avenue, Middlesbrough TS5 8DR2
£202K03/230.4 mi29, Holbeck Avenue, Middlesbrough TS5 8DS2
£190K01/240.4 mi34, Holbeck Avenue, Middlesbrough TS5 8DS2
£60K04/230.43 mi19a, Otterburn Gardens, Middlesbrough TS5 8DE2
£165K04/240.44 mi2, Welland Close, Middlesbrough TS5 8JG2
£155K12/230.45 mi31, Virginia Gardens, Middlesbrough TS5 8BX2
£207.5K08/230.46 mi3, Holbeck Avenue, Middlesbrough TS5 8DR2
£128K11/200.47 mi6, Sambrook Gardens, Middlesbrough TS5 8BY2
£160K09/230.47 mi4, Wellspring Close, Middlesbrough TS5 8RG2
£120K12/200.49 mi29, Gilsland Close, Acklam, Middlesbrough TS5 8RU2
£110.3K02/210.49 mi22, Merrington Avenue, Middlesbrough TS5 8RH2
£140K06/210.49 mi39, Merrington Avenue, Middlesbrough TS5 8RH2
£155K01/210.49 mi22, Yearby Close, Acklam, Middlesbrough TS5 8NA2
£165K03/230.51 mi25, Blue Bell Grove, Middlesbrough TS5 7HG2
£190K03/210.51 mi29, Blue Bell Grove, Middlesbrough TS5 7HG2
£180K02/240.51 mi16, Belmont Avenue, Middlesbrough TS5 8EN2
£165K10/210.52 mi20, Sandy Flatts Court, Middlesbrough TS5 7YR2
£165K11/210.52 mi19, Sandy Flatts Court, Middlesbrough TS5 7YR2
£153K12/200.52 mi18, Sandy Flatts Court, Middlesbrough TS5 7YR2
£150K10/230.52 mi1, Belton Drive, Middlesbrough TS5 7JB2
£144K09/230.52 mi6, Belton Drive, Middlesbrough TS5 7JB2
£95K02/210.53 mi17, Faverdale Avenue, Middlesbrough TS5 8RT2
£125K08/230.53 mi12, Faverdale Avenue, Middlesbrough TS5 8RT2
£154.6K03/240.53 mi12, Tanya Gardens, Middlesbrough TS5 8BL2
£140K03/240.54 mi11, Askern Drive, Middlesbrough TS5 7HZ2
£169K06/230.54 mi36, Canton Gardens, Middlesbrough TS5 8BU2
£150K04/210.55 mi4, Carmel Gardens, Middlesbrough TS5 8DX2
£160K03/230.55 mi9, Carmel Gardens, Middlesbrough TS5 8DX2
£108K08/230.55 mi159, Baldoon Sands, Middlesbrough TS5 8UB2
£72.5K07/230.55 mi15, Medina Gardens, Middlesbrough TS5 8BN2
£68K06/230.55 mi11a, Medina Gardens, Middlesbrough TS5 8BN2
£168K03/230.56 mi22, Blue Bell Grove, Middlesbrough TS5 7HQ2

Local Rents

19 rents from £455/mo to £795/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£75006/240.25 mi-2
£75003/250.35 mi-2
£72512/230.37 mi-2
£79511/240.37 mi-2
£52510/240.4 miTrimdon Avenue, Middlesbrough, North Yorkshire, TS52
£70010/240.48 miWellspring Close, Middlesbrough2
£79512/240.63 mi-2
£65007/230.64 mi-2
£70006/240.64 mi-2
£75001/250.84 mi-2
£70010/240.85 mi-2
£72509/230.88 mi-2
£45510/241.1 mi-2
£69510/241.11 miCambridge Square, Middlesbrough, Cleveland, TS52
£50410/241.11 mi-2
£51811/241.11 mi-2
£45510/241.12 mi-2
£75002/241.16 mi-2
£65010/241.24 miDorman Gardens, Middlesbrough, Cleveland, TS52

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.56 miles away

Nearest school

0.20 miles away

Nearest train station

2.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £165,000

March 14, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SPACIOUS LOUNGE +
  • WELL MANICURED REAR GARDEN +
  • MULTIPLE CAR DRIVEWAY +
  • GARAGE +

SUMMARY
This charming 2-bedroom semi-detached bungalow, located in the sought-after area of Acklam, offers a fantastic opportunity for buyers looking to make their mark. Set in a peaceful residential area, the bungalow is close to local amenities, schools, and transport links.

DESCRIPTION
This charming 2-bedroom semi-detached bungalow, located in the sought-after area of Acklam, offers a fantastic opportunity for buyers looking to make their mark. With no onward chain, this home is ready for a swift and straightforward purchase. The property boasts a spacious driveway leading to a single garage, providing ample off-street parking and additional storage space. Inside, the bungalow offers great potential for modernisation and personalisation, perfect for those looking to create their dream home. Set in a peaceful residential area, the bungalow is close to local amenities, schools, and transport links, making it an ideal choice for a wide range of buyers. Don't miss the chance to own this well-located property with lots of possibilities.

Entrance  
Entered via UPVC double glazed door to kitchen.

Kitchen  14' 6" x 6' 6" ( 4.42m x 1.98m )
UPVC double glazed window to front and side, sink with draining board and mixer tap, range of base and wall units, complementary work surfaces, four ring gas hob, integral electric oven, central heating combi boiler.

Lounge  15' 11" x 12' (into recess) ( 4.85m x 3.66m (into recess) )
UPVC double glazed window to front, radiator, electric fire with decorative fire surrounds, TV point, telephone point.

Bedroom 1 15' 6" x 9' 1" ( 4.72m x 2.77m )
UPVC double glazed window to rear, radiator.

Bedroom 2  10' 5" x 9' 3" ( 3.17m x 2.82m )
UPVC double glazed patio door leading to rear garden, radiator.

Bathroom  
Double walk in shower, wall mounted shower head, spotlight to ceiling, UPVC double glazed window to side, wash hand basin with mixer tap, W/C, chrome heated rail.

Externally  

Front Garden  
Well manicured front garden, easy maintainable, driveway leading to side to garage.

Rear Garden 
Patio seating area, timber built storage shed, well manicured lawn with flowerbed edging, all enclosed by timber fencing.

Garage  
Up and over style door, single glazed window to side.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Manners & Harrison, Middlesbrough

01642 056044

Next Steps?

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