3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS3 0JB, £79,000

59 Kirkstall Avenue, Middlesbrough, North Yorkshire, TS3 0JB - 16 days ago

Refurb/BRRR
ROI: 3%
~91 m²
+22 photos

ValuationFair Value

Sold Prices£38K - £212K
Sold Prices/m²£742/m² - £2.2K/m²

 

 

Square Metres

~91 m²
Price/m²£868/m²

Value Estimate

£79,000

 

 

End Value (After Refurb)

£115,819

Uplift in Value

+47%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,750

Stamp Duty & Legal Fees

£5,150

Refurb Costs

£35,908

Bridging Loan Interest

£2,074

Total Cash In

£64,632

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£115,819

Mortgage (After Refinance)

£86,864

Mortgage LTV

75%

Cash Released

£27,614

Cash Left In

£37,018

Equity

£28,955

Rent Range

£575 - £1,000

Rent Estimate

£695

Running Costs/mo

£521

Cashflow/mo

£174

Cashflow/yr

£2,089

ROI

3%

Gross Yield

11%

Local Sold Prices

50 sold prices from £38K to £212K, average is £94K. £742/m² to £2.2K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£95K08/210 mi10, Kirkstall Avenue, Middlesbrough TS3 0JB3
£90K01/230.06 mi16, Endeston Road, Middlesbrough TS3 0HG3
£102K12/210.07 mi20, Hexham Green, Middlesbrough TS3 0HN3
£138K11/210.13 mi6, Norfolk Crescent, Middlesbrough TS3 0LY3
£87.5K06/210.14 mi19, Newlyn Green, Middlesbrough TS3 0DX3
£120K11/210.16 mi12, Radnor Green, Middlesbrough TS3 0EA3
£135K07/210.16 mi38, Norfolk Crescent, Middlesbrough TS3 0LZ3
£84K06/210.17 mi9, Anglesey Avenue, Middlesbrough TS3 0HA3
£93K01/210.17 mi3, Anglesey Avenue, Middlesbrough TS3 0HA3
£103K04/210.17 mi40, Thetford Avenue, Middlesbrough TS3 0JR3
£212K09/210.18 mi23, Lealholm Crescent, Middlesbrough TS3 0NA3
£155K09/210.18 mi40, Pritchett Road, Middlesbrough TS3 0NG3
£212K09/210.18 mi23, Lealholm Crescent, Middlesbrough TS3 0NA3
£90K08/210.19 mi6, Sandwell Avenue, Middlesbrough TS3 0JN3
£79K11/200.21 mi9, Sawtry Road, Middlesbrough TS3 0JU3
£105K11/210.21 mi15, Netherby Green, Middlesbrough TS3 0DN3
£147.5K08/210.22 mi2, The Crescent, Ormesby, Middlesbrough TS7 9PF3
£105K02/210.24 mi28, Eastbourne Gardens, Middlesbrough TS3 0PQ3
£120K05/230.24 mi3, Trentham Avenue, Middlesbrough TS3 0JX3
£125K06/210.24 mi13, Pritchett Road, Middlesbrough TS3 0NQ3
£176.5K09/210.26 mi7, Priestfield Avenue, Middlesbrough TS3 0EL3
£143K02/210.27 mi66, Cargo Fleet Lane, Middlesbrough TS3 0PN3
£67.5K12/200.28 mi14, Kildwick Grove, Middlesbrough TS3 7SD3
£95K03/230.3 mi128, Penistone Road, Middlesbrough TS3 0EG3
£100K09/210.3 mi17, Alvingham Terrace, Middlesbrough TS3 0PW3
£118K01/230.32 mi6, Selset Avenue, Middlesbrough TS3 0EN3
£142K07/230.33 mi18, Cargo Fleet Lane, Middlesbrough TS3 0PF3
£87.5K12/210.36 mi278, Overdale Road, Middlesbrough TS3 0BT3
£77K03/210.36 mi272, Overdale Road, Middlesbrough TS3 0BT3
£80K04/210.37 mi24, Burwell Road, Middlesbrough TS3 0PT3
£112.5K06/230.38 mi2, Burwell Road, Middlesbrough TS3 0PS3
£78.5K01/210.39 mi10, Ludford Avenue, Middlesbrough TS3 7RY3
£88K01/230.39 mi3, Ludford Avenue, Middlesbrough TS3 7RY3
£91K05/210.39 mi18, Kelvin Grove, Middlesbrough TS3 7RU3
£65K04/210.4 mi6, Ipswich Avenue, Middlesbrough TS3 7HN3
£70K07/230.41 mi8, Holdenby Drive, Middlesbrough TS3 0BA3
£83K01/210.42 mi60, Burwell Road, Middlesbrough TS3 0QA3
£95K10/210.43 mi98, Evesham Road, Middlesbrough TS3 0BD3
£38K10/200.47 mi109, Carisbrooke Avenue, Middlesbrough TS3 9LP3
£97K02/210.47 mi199, Overdale Road, Middlesbrough TS3 7DZ3
£87K12/210.47 mi20, Durnford Road, Middlesbrough TS3 9LU3
£84.5K10/210.48 mi16, Frampton Green, Middlesbrough TS3 7EQ3
£90K12/220.49 mi27, Thursby Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JJ3
£83K02/230.5 mi207, Fulbeck Road, Middlesbrough TS3 0RS3
£98K01/230.51 mi7, Thursby Drive, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9JH3
£78K12/200.52 mi4, Epping Avenue, Middlesbrough TS3 7EP3
£107K02/230.52 mi1, Crinklewood, Middlesbrough TS3 9RF3
£80K01/210.52 mi6, Chadwell Avenue, Middlesbrough TS3 7HX3
£71K05/230.52 mi18, Chadwell Avenue, Middlesbrough TS3 7HX3
£82K07/230.52 mi1, Chadwell Avenue, Middlesbrough TS3 7HX3

Local Rents

25 rents from £575/mo to £1K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£62510/240.04 miMarham Close, Middlesbrough, TS33
£85011/240.13 mi-3
£85001/250.13 mi-3
£85011/240.13 mi-3
£62512/240.36 mi-3
£67502/240.4 mi-3
£69509/240.41 mi-3
£57502/240.41 mi-3
£62501/250.41 mi-3
£70010/240.41 miCrowland Avenue, Middlesbrough3
£70010/240.43 miGilmonby Road, Middlesbrough, TS33
£65009/230.43 mi-3
£77501/250.44 mi-3
£60010/230.47 mi-3
£62510/240.47 mi-3
£85001/250.52 mi-3
£85001/250.52 mi-3
£65010/240.52 miStapleford Road, Middlesbrough3
£70012/240.53 mi-3
£75010/240.53 miWindleston Drive, Middlesbrough 3
£60002/240.54 mi-3
£1,00004/250.54 mi-3
£69510/240.55 miFelby Avenue, MIDDLESBROUGH3
£66003/250.57 mi-3
£65010/240.58 miGlentworth Avenue, Middlesbrough3

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

0.11 miles away

Nearest school

0.30 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £79,000

March 17, 2025

Floor Plans

Description

  • 3 Bedroom Terraced House +
  • No Forward Chain +
  • Vacant for Immediate Possession +
  • Ideal Investment Opportunity +
  • Development Potential +
  • Converted Loft Room +

Bettermove are proud to present this 3 bedroom terraced house in a sought after area of Middlesbrough available with no forward chain requiring a round of modernisation to bring it to its full potential. The property benefits from double glazing, gas central heating throughout and has off street parking available. The council tax band is A. The interior of this property comprises a spacious living room and fitted kitchen on the ground floor. The first floor consists of 3 bedrooms and the family bathroom. The second floor has been converted into an office and storage space. The exterior boasts a private rear yard, perfect for enjoying the summer months. Located in a popular residential area of Middlesbrough, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from Marton & James Cook Train Station and many local bus routes. This exciting opportunity should not be missed! All enquiries can be made through Bettermove on . --------------------------------------------------------------------------------- You can secure the purchase immediately by paying an exclusivity deposit of £1,000. This is not an additional fee and is returned to you on completion. Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore, eliminating the risk of being gazumped by another buyer, and incurring aborted costs. This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding, surveys, and searches. Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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