3 Bed Semi-Detached House, Refurb/BRRR, Middlesbrough, TS8 9HZ, £119,950

Aviemore Road, Hemlington, TS8 9HZ - 20 days ago

Under Offer
Refurb/BRRR
~93 m²
+9 photos

ValuationFair Value

Sold Prices£37K - £247.5K
Sold Prices/m²£500/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£121,150

 

 

End Value (After Refurb)

£137,440

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,988

Stamp Duty & Legal Fees

£7,198

Refurb Costs

£36,697

Bridging Loan Interest

£3,149

Total Cash In

£78,781

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£137,440

Mortgage (After Refinance)

£103,080

Mortgage LTV

75%

Cash Released

£13,118

Cash Left In

£65,663

Equity

£34,360

Rent Range

£410 - £850

Rent Estimate

£578

Running Costs/mo

£565

Cashflow/mo

£13

Cashflow/yr

£155

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £37K to £247.5K, average is £130K. £500/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£136.5K12/200.03 mi59, Aviemore Road, Hemlington, Middlesbrough TS8 9HZ3
£146K10/230.04 mi8, Abberley Drive, Hemlington, Middlesbrough TS8 9HP3
£140K10/210.1 mi26, Avalon Court, Hemlington, Middlesbrough TS8 9HU3
£125K04/210.1 mi17, Amesbury Crescent, Hemlington, Middlesbrough TS8 9HR3
£129.9K10/200.11 mi24, Keilder Rise, Hemlington, Middlesbrough TS8 9HN3
£210K09/210.12 mi18, Aberfalls Road, Hemlington, Middlesbrough TS8 9HY3
£187.5K01/210.12 mi18, Aberfalls Road, Hemlington, Middlesbrough TS8 9HY3
£140K12/220.15 mi55, Sunnyside, Coulby Newham, Middlesbrough TS8 0RB3
£205K10/220.18 mi1, Grange Wood, Coulby Newham, Middlesbrough TS8 0RT3
£118K05/210.18 mi85, Sunnyside, Coulby Newham, Middlesbrough TS8 0RB3
£140K12/230.21 mi116, Sunnyside, Coulby Newham, Middlesbrough TS8 0RD3
£106K01/210.21 mi122, Sunnyside, Coulby Newham, Middlesbrough TS8 0RD3
£175K08/230.21 mi4, Southdean Drive, Hemlington, Middlesbrough TS8 9HH3
£150K11/230.21 mi12, Southdean Drive, Hemlington, Middlesbrough TS8 9HH3
£130K12/200.22 mi32, The Holt, Coulby Newham, Middlesbrough TS8 0SQ3
£125K04/210.22 mi5, The Holt, Coulby Newham, Middlesbrough TS8 0SQ3
£163K02/230.22 mi5, Grange Wood, Coulby Newham, Middlesbrough TS8 0RT3
£143K03/210.23 mi85, Southdean Drive, Hemlington, Middlesbrough TS8 9HJ3
£87K11/230.25 mi44, Brabourn Gardens, Hemlington, Middlesbrough TS8 9JS3
£75K03/210.25 mi78, Brabourn Gardens, Hemlington, Middlesbrough TS8 9JS3
£51K06/230.25 mi32, Bridport Grove, Hemlington, Middlesbrough TS8 9JX3
£120K08/210.26 mi28, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RG3
£112K03/210.26 mi35, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RG3
£70K09/230.29 mi41, Brabourn Gardens, Hemlington, Middlesbrough TS8 9JR3
£180K11/230.29 mi9, Brampton Close, Hemlington, Middlesbrough TS8 9HD3
£108K10/220.31 mi101, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RQ3
£175K11/220.31 mi13, Whithorn Grove, Hemlington, Middlesbrough TS8 9HQ3
£153K12/200.31 mi9, Whithorn Grove, Hemlington, Middlesbrough TS8 9HQ3
£95K06/230.32 mi88, Thistle Rise, Coulby Newham, Middlesbrough TS8 0RQ3
£60K09/230.33 mi34, Darwen Court, Hemlington, Middlesbrough TS8 9JF3
£68K01/240.33 mi7, Darwen Court, Hemlington, Middlesbrough TS8 9JF3
£80K08/230.36 mi64, Eddison Way, Hemlington, Middlesbrough TS8 9ES3
£115K09/210.37 mi50, Manor Wood, Coulby Newham, Middlesbrough TS8 0RN3
£117.5K12/220.37 mi83, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS3
£137K03/240.37 mi95, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS3
£130K01/210.37 mi88, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS3
£70K04/230.38 mi70, Dalwood Court, Hemlington, Middlesbrough TS8 9JG3
£37K09/220.43 mi1, Eddison Way, Hemlington, Middlesbrough TS8 9ER3
£100K06/210.45 mi38, Osbourne Close, Hemlington, Middlesbrough TS8 9QA3
£65K06/230.46 mi26, Fonteyn Court, Hemlington, Middlesbrough TS8 9EU3
£51K06/210.47 mi79, Dallas Court, Hemlington, Middlesbrough TS8 9JB3
£90K11/220.48 mi66, Fonteyn Court, Hemlington, Middlesbrough TS8 9EU3
£180K12/200.49 mi43, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RY3
£152.5K10/230.49 mi21, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RY3
£150K06/210.5 mi128, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RZ3
£166K09/210.5 mi11, Newhaven Close, Hemlington, Middlesbrough TS8 9QG3
£162.5K07/210.5 mi49, Finchlay Court, Middlesbrough TS5 8EL3
£247.5K09/230.53 mi20, Low Lane, Middlesbrough TS5 8EA3
£93K01/210.54 mi1, Nairnhead Close, Hemlington, Middlesbrough TS8 9PN3
£130K06/230.54 mi32, Nairnhead Close, Hemlington, Middlesbrough TS8 9PN3

Local Rents

10 rents from £410/mo to £850/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£67510/240.18 miBurghley Court, Hemlington, Middlesbrough, TS83
£67510/240.18 mi-3
£49902/240.21 mi-3
£49910/240.21 mi-3
£41001/250.33 mi-3
£41002/250.33 mi-3
£41003/250.33 mi-3
£65010/240.4 mi-3
£85002/250.6 mi-3
£70010/240.61 miFaygate Court, Hemlington, Middlesbrough3

Local Area Statistics

Population in TS8

21,266

Population in Middlesbrough

189,245

Town centre distance

2.43 miles away

Nearest school

0.10 miles away

Nearest train station

1.93 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £119,950

March 17, 2025

Description

  • Three Bedroom Semi-Detached House +
  • No Onward Chain +
  • Modernisation Required +
  • Spacious Lounge / Diner +
  • Kitchen +
  • First Floor Shower Room +
  • Rear Garden, Extensive Block Paved Driveway +
  • Single Garage +

Offered to the market with no onward chain, this attractive three-bedroom semi-detached home is brimming with potential. A perfect canvas for a growing family, it invites an incoming buyer to infuse their own style and vision through modernisation.

In brief, accommodation comprises: An entrance porch, inner hallway, a spacious lounge / diner and a kitchen which features a range of base / wall units. To the first floor are two double bedrooms, one single bedroom and a shower room. Externally, the front and size feature an extensive block paved driveway which leads to the single garage. The paved rear garden offers low maintenance and enjoys a private outlook The property features UPVC double glazing and gas central heating via an upgraded boiler.

Agent Details

roseberry newhouse, Teesside

01642 056921

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪