2 Bed Terraced House, Single Let, Middlesbrough, TS6 8EF, £45,000

4 Chapel Street, Middlesbrough, Cleveland, TS6 8EF - 1 views - a month ago

Auction
BTL
ROI: 17%
81 m²
+6 photos

ValuationUndervalued

Sold Prices£45K - £167.5K
Sold Prices/m²£592/m² - £2.9K/m²

 

 

Square Metres

80.74 m²
Price/m²£557/m²

Value Estimate

£54,450
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£3,450

Total Cash In

£14,700

 

 

Cash Out

 

Rent Range

£350 - £1,300

Rent Estimate

£459

Running Costs/mo

£252

Cashflow/mo

£207

Cashflow/yr

£2,479

ROI

17%

Gross Yield

12%

Local Sold Prices

21 sold prices from £45K to £167.5K, average is £105K. £592/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£45K10/200 mi9, Chapel Street, Middlesbrough, Redcar And Cleveland TS6 8EF2
£53K12/230 mi20, Chapel Street, Middlesbrough, Redcar And Cleveland TS6 8EF2
£60K04/240 mi14, Chapel Street, Middlesbrough, Redcar And Cleveland TS6 8EF2
£62K03/210.04 mi35, High Street, Lazenby, Middlesbrough, Redcar And Cleveland TS6 8DY2
£70K10/210.07 mi11, Pasture Lane, Lazenby, Middlesbrough, Redcar And Cleveland TS6 8EG2
£72K06/210.61 mi16, South Lackenby, Eston, Middlesbrough, Redcar And Cleveland TS6 8DL2
£167.5K02/240.74 mi20, Wilton Village, Redcar, Redcar And Cleveland TS10 4QX2
£167.5K02/240.74 mi20, Wilton Village, Redcar, Redcar And Cleveland TS10 4QX2
£149K04/210.74 mi11, Wilton Village, Redcar, Redcar And Cleveland TS10 4QX2
£158K03/240.74 mi11, Wilton Village, Redcar, Redcar And Cleveland TS10 4QX2
£124K03/240.78 mi29, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JP2
£100K11/200.78 mi29, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JP2
£79K11/200.8 mi14, Moorgate, Middlesbrough, Redcar And Cleveland TS6 9QE2
£133K09/230.84 mi17, Oldgate, Middlesbrough, Redcar And Cleveland TS6 9LP2
£71K06/230.88 mi26, Coniston Road, Middlesbrough, Redcar And Cleveland TS6 7QH2
£115K10/210.9 mi9, Highgate, Middlesbrough, Redcar And Cleveland TS6 9LN2
£55.5K02/210.92 mi13, Rydal Avenue, Grangetown, Middlesbrough, Redcar And Cleveland TS6 7QF2
£105K11/200.94 mi229, Meadowgate, Middlesbrough, Redcar And Cleveland TS6 9JH2
£154K12/220.96 mi16, Maygate, Middlesbrough, Redcar And Cleveland TS6 9LL2
£117.5K06/230.97 mi77, Parkgate, Eston, Middlesbrough, Redcar And Cleveland TS6 9LE2
£112K08/230.97 mi59, Parkgate, Eston, Middlesbrough, Redcar And Cleveland TS6 9LE2

Local Rents

51 rents from £350/mo to £1.3K/mo, average is £630/mo.

RentDateDistanceAddressBeds 
£55010/240.01 miChapel Street, Middlesbrough3
£55007/230.02 mi-2
£62510/230.64 mi-2
£62504/250.64 mi-2
£65004/250.85 mi-3
£77510/240.86 miWilton Way, Middlesbrough3
£75001/250.88 mi-3
£85010/240.9 mi-3
£65010/240.92 miRydal Avenue, Grangetown, Middlesbrough, TS63
£65002/240.92 mi-3
£65006/240.92 mi-3
£60009/240.92 mi-3
£80010/240.93 miDanby Road, Whale Hill, Middlesbrough, TS6 8AX4
£70008/240.93 mi-2
£70009/240.96 mi-3
£59510/241.05 miFabian Road, Middlesbrough, TS62
£62510/241.07 miLangdale Crescent, Eston3
£82002/241.08 mi-3
£82010/241.08 mi-3
£82010/241.08 mi-3
£65011/231.1 mi-3
£70010/231.15 mi-3
£52502/251.16 mi-1
£65010/241.19 miArundel Road, Grangetown, TS6 7QZ3
£65009/231.2 mi-3
£63009/231.2 mi-3
£63010/241.2 mi-3
£62503/251.24 mi-3
£59510/241.25 miGuisborough Court, Eston. Middlesbrough, TS6 9NL2
£52510/241.26 miGuisborough Street, Middlesbrough, Eston TS6 9LA1
£57510/241.26 miGuisborough Court, Eston, TS6 9NL2
£67510/241.28 miChurchill Road, Eston, TS62
£49504/251.28 mi-1
£42510/241.29 mi-1
£42509/241.29 mi-1
£60010/241.3 miEdwards Street, Middlesbrough, TS63
£51009/231.32 mi-1
£55010/241.32 miBolckow Street, Eston, MIDDLESBROUGH2
£48010/241.34 miMonmouth Road, Middlesbrough2
£75003/251.34 mi-3
£72510/241.39 miTawney Road, Eston4
£65010/241.39 miGrange Farm Road, Grangetown, Middlesbrough, TS63
£55008/231.4 mi-2
£57512/241.4 mi-2
£1,30001/251.41 mi-4
£65010/241.43 miNightingale Road, Eston2
£35010/241.47 miBolckow Road, Grangetown, Middlesbrough, TS61
£52510/241.47 mi-1
£52512/241.47 mi-1
£70008/241.5 mi-3
£50010/241.5 mi-1

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

3.33 miles away

Nearest school

0.10 miles away

Nearest train station

2.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £45,000

March 17, 2025

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • EPC Rating - E +
  • To view: 4/4, 12/4 at 1:30pm +

SUMMARY
AUCTION SALE 15 April 2025 - Freehold end terrace house
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION CALL US NOW

DESCRIPTION
Freehold end terrace house

Location:
The property is located on Chapel Street. Shopping amenities can be found locally within Lazenby Village and Middlesbrough Town Centre to the west. Public transport links are available at South Bank Train Station and Middlesbrough Train Station, both lying to the north west, along with a network of local bus services serving the surrounding areas. The property is served by road links including the A174 to the south. Recreational pursuits can be found at Grangetown Memorial Garden to the west and Park Wood to the south.

Accommodation:
Second floor: Attic room
First floor: Two bedrooms, bathroom/wc
Ground floor: Reception room, kitchen
Outside: Rear yard

EPC Rating: E

Council Tax Band: A

To view: 4/4, 12/4 at 1:30pm
No booking required - Please arrive at the time stated

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
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. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
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.

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. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
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

Barnard Marcus, Hammersmith Auctions

020 3866 9305

Next Steps?

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