2 Bed Bungalow, Refurb/BRRR, Middlesbrough, TS8 9HN, £145,000

Keilder Rise, Hemlington, Middlesbrough, North Yorkshire, TS8 9HN - 19 days ago

Refurb/BRRR
ROI: 1%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£40K - £220K
Sold Prices/m²£597/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£145,871

 

 

End Value (After Refurb)

£129,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Refurb Costs

£26,876

Bridging Loan Interest

£3,806

Total Cash In

£77,132

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£129,975

Mortgage (After Refinance)

£97,481

Mortgage LTV

75%

Cash Left In

£77,132

Equity

£32,494

Rent Range

£455 - £795

Rent Estimate

£634

Running Costs/mo

£553

Cashflow/mo

£81

Cashflow/yr

£972

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £40K to £220K, average is £134K. £597/m² to £3.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£135K02/230.02 mi55, Keilder Rise, Hemlington, Middlesbrough TS8 9HN2
£118K12/220.02 mi50, Keilder Rise, Hemlington, Middlesbrough TS8 9HN2
£115K03/230.02 mi47, Keilder Rise, Hemlington, Middlesbrough TS8 9HN2
£220K04/240.13 mi8, Grange Wood, Coulby Newham, Middlesbrough TS8 0RT2
£97.5K12/200.13 mi31, Southdean Drive, Hemlington, Middlesbrough TS8 9HH2
£115.5K11/200.14 mi4, The Holt, Coulby Newham, Middlesbrough TS8 0SQ2
£128.5K03/230.14 mi4, The Holt, Coulby Newham, Middlesbrough TS8 0SQ2
£126K09/230.18 mi8, Greenhead Close, Hemlington, Middlesbrough TS8 9HB2
£166K07/230.22 mi117, Southdean Drive, Hemlington, Middlesbrough TS8 9HA2
£165K06/210.22 mi74, Southdean Drive, Hemlington, Middlesbrough TS8 9HA2
£90K10/220.25 mi9, The Coppice, Coulby Newham, Middlesbrough TS8 0RH2
£100K02/210.25 mi62, The Coppice, Coulby Newham, Middlesbrough TS8 0RH2
£90K02/210.35 mi16, Offerton Drive, Hemlington, Middlesbrough TS8 9PE2
£105K12/200.35 mi8, Offerton Drive, Hemlington, Middlesbrough TS8 9PE2
£136.5K11/220.4 mi113, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS2
£135K01/230.4 mi105, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS2
£142.5K09/230.4 mi106, Hollowfield, Coulby Newham, Middlesbrough TS8 0RS2
£95K05/240.41 mi55, Hollowfield, Coulby Newham, Middlesbrough TS8 0RR2
£40K11/230.42 mi40, Otterhill Court, Hemlington, Middlesbrough TS8 9PY2
£114.5K08/210.48 mi3, Newhaven Close, Hemlington, Middlesbrough TS8 9QG2
£133K04/210.5 mi35, Blue Bell Grove, Middlesbrough TS5 7HQ2
£167.5K06/210.5 mi24, Blue Bell Grove, Middlesbrough TS5 7HQ2
£130K07/230.51 mi33, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RY2
£72.5K07/230.51 mi15, Medina Gardens, Middlesbrough TS5 8BN2
£68K06/230.51 mi11a, Medina Gardens, Middlesbrough TS5 8BN2
£58K01/210.52 mi91, Coulby Manor Farm, Coulby Newham, Middlesbrough TS8 0RZ2
£168K03/230.54 mi22, Blue Bell Grove, Middlesbrough TS5 7HQ2
£154.6K03/240.54 mi12, Tanya Gardens, Middlesbrough TS5 8BL2
£169K06/230.54 mi36, Canton Gardens, Middlesbrough TS5 8BU2
£150K04/210.58 mi4, Carmel Gardens, Middlesbrough TS5 8DX2
£160K03/230.58 mi9, Carmel Gardens, Middlesbrough TS5 8DX2
£140K02/240.58 mi36, Nuneaton Drive, Hemlington, Middlesbrough TS8 9PR2
£165K03/230.59 mi25, Blue Bell Grove, Middlesbrough TS5 7HG2
£190K03/210.59 mi29, Blue Bell Grove, Middlesbrough TS5 7HG2
£128K11/200.61 mi6, Sambrook Gardens, Middlesbrough TS5 8BY2
£119.6K12/200.61 mi4, Hazelbank, Coulby Newham, Middlesbrough TS8 0TH2
£165K10/210.62 mi20, Sandy Flatts Court, Middlesbrough TS5 7YR2
£165K11/210.62 mi19, Sandy Flatts Court, Middlesbrough TS5 7YR2
£153K12/200.62 mi18, Sandy Flatts Court, Middlesbrough TS5 7YR2
£135K06/210.63 mi18, Newquay Close, Hemlington, Middlesbrough TS8 9PS2
£105K08/220.63 mi7, Melton Walk, Hemlington, Middlesbrough TS8 9NB2
£155K12/230.63 mi31, Virginia Gardens, Middlesbrough TS5 8BX2
£51K10/200.63 mi7, Melton Walk, Hemlington, Middlesbrough TS8 9NB2
£65K05/210.63 mi7, Melton Walk, Hemlington, Middlesbrough TS8 9NB2
£60K04/230.64 mi19a, Otterburn Gardens, Middlesbrough TS5 8DE2
£90K07/210.64 mi6, Faygate Court, Hemlington, Middlesbrough TS8 9LG2
£205K10/230.65 mi57, Belmont Avenue, Middlesbrough TS5 8EW2
£180K02/240.65 mi16, Belmont Avenue, Middlesbrough TS5 8EN2
£207.5K08/230.66 mi3, Holbeck Avenue, Middlesbrough TS5 8DR2
£140K12/200.68 mi27, Saxonfield, Coulby Newham, Middlesbrough TS8 0SL2

Local Rents

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

RentDateDistanceAddressBeds 
£45510/240.21 mi-2
£50410/240.25 mi-2
£51811/240.25 mi-2
£45510/240.29 mi-2
£70010/240.38 mi-2
£70006/240.48 mi-2
£72512/230.7 mi-2
£79511/240.7 mi-2
£75010/241.16 miCalluna Grove, Middlesbrough, Cleveland, TS72
£57502/241.21 mi-2
£79512/241.23 mi-2

Local Area Statistics

Population in TS8

21,266

Population in Middlesbrough

189,245

Town centre distance

2.38 miles away

Nearest school

0.20 miles away

Nearest train station

1.89 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £145,000

March 17, 2025

Floor Plans

Description

  • Offered for sale with no onward chain +
  • Popular Location +
  • In need of some updating +
  • Two Bedroom Semi Detached Bungalow +
  • Lounge overlooks the rear elevation +
  • Kitchen with fitted units +
  • Double glazing and gas central heating system +
  • Ample parking +
  • Single garage +
  • Viewing is highly recommended +

Sensibly priced to attract a early sale we are delighted to bring to the market this two bedroom semi detached bungalow. In need of some updating however this has been reflected in the sensible asking price. However been lovingly cared for over the years and offering accommodation comprising entrance hall, hallway. Lounge overlooks the rear elevation. Kitchen with base and wall mounted units. Two bedrooms and a bathroom. In addition there is double glazing and gas central heating system. Established gardens with the rear being larger than average and having recently re fenced to some boundaries. Ample parking and a garage. An early viewing comes with the highest recommendation and is offered for sale with the benefit of no onward chain. EPC RATING TO BE CONFIRMED. COUNCIL TAX BAND IS B. TENURE IS FREEHOLD.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MID250089/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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