3 Bed Terraced House, Single Let, Middlesbrough, TS5 4AP, £78,000

3 Connaught Road, Middlesbrough, TS5 4AP - 1 views - a month ago

Auction
BTL
ROI: 4%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£25K - £130K
Sold Prices/m²£316/m² - £1.7K/m²

 

 

Square Metres

~93 m²
Price/m²£839/m²

Value Estimate

£88,820
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£24,600

 

 

Cash Out

 

Rent Range

£390 - £1,050

Rent Estimate

£441

Running Costs/mo

£352

Cashflow/mo

£89

Cashflow/yr

£1,069

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £25K to £130K, average is £82K. £316/m² to £1.7K/m², average is £955/m².

PriceDateDistanceAddressBeds 
£82K11/200 mi39, Connaught Road, Middlesbrough TS5 4AP3
£82K02/240 mi6, Connaught Road, Middlesbrough TS5 4AP3
£79K10/230.05 mi20, Corder Road, Middlesbrough TS5 4AS3
£93K07/230.05 mi15, Corder Road, Middlesbrough TS5 4AS3
£90K04/230.05 mi19, Corder Road, Middlesbrough TS5 4AS3
£93K06/230.06 mi35, West Lane, Middlesbrough TS5 4DH3
£85K12/200.06 mi26, Dunstable Road, Middlesbrough TS5 4AL3
£110K12/230.06 mi14, Dunstable Road, Middlesbrough TS5 4AL3
£63K01/210.08 mi28, Bishop Street, Middlesbrough TS5 4AT3
£93.8K10/210.09 mi66, Connaught Road, Middlesbrough TS5 4AN3
£73K10/200.09 mi46, Connaught Road, Middlesbrough TS5 4AN3
£68K11/200.09 mi52, Connaught Road, Middlesbrough TS5 4AN3
£85K03/230.09 mi46, Connaught Road, Middlesbrough TS5 4AN3
£107.5K08/230.09 mi21, West Lane, Middlesbrough TS5 4DE3
£130K08/230.1 mi82, Stockton Road, Middlesbrough TS5 4AQ3
£130K10/210.15 mi11, Aidan Court, Middlesbrough TS5 4BS3
£130K03/230.16 mi59, Aidan Court, Middlesbrough TS5 4BS3
£76K03/240.17 mi122, West Lane, Middlesbrough TS5 4EJ3
£90K01/230.19 mi94, Ayresome Grange Road, Middlesbrough TS5 4DX3
£82K12/220.2 mi23, Ayresome Green Lane, Middlesbrough TS5 4DT3
£77K01/210.26 mi9, Waterford Terrace, Middlesbrough TS1 4RX3
£87K07/230.26 mi111, Carlow Street, Middlesbrough TS1 4SA3
£86.5K07/230.27 mi24, Maldon Road, Middlesbrough TS5 4PJ3
£83K05/230.27 mi100, Meath Street, Middlesbrough TS1 4RY3
£86.5K07/220.27 mi60, Carlow Street, Middlesbrough TS1 4SB3
£65K12/210.29 mi59, Orwell Street, Middlesbrough TS1 4SW3
£40K04/210.3 mi104, Longford Street, Middlesbrough TS1 4RL3
£52K02/230.3 mi116, Longford Street, Middlesbrough TS1 4RL3
£73.5K12/220.32 mi6, Alton Road, Middlesbrough TS5 4NX3
£106K01/240.32 mi25, Alton Road, Middlesbrough TS5 4NX3
£70K01/230.33 mi79, Maldon Road, Middlesbrough TS5 4PG3
£104K06/230.33 mi24, Stratford Crescent, Middlesbrough TS5 4PQ3
£64K01/210.33 mi12, Beadon Grove, Middlesbrough TS5 4NT3
£64K04/230.35 mi8, Northern Road, Middlesbrough TS5 4PB3
£100K07/230.36 mi16, Northern Road, Middlesbrough TS5 4NU3
£61.5K12/220.37 mi54, Carlow Street, Middlesbrough TS1 4SD3
£87K02/240.38 mi78, Northern Road, Middlesbrough TS5 4NS3
£56K08/210.38 mi153, Ayresome Street, Middlesbrough TS1 4PX3
£71.5K11/200.38 mi2, Lydbrook Road, Middlesbrough TS5 4NR3
£46K06/210.38 mi18, Lydbrook Road, Middlesbrough TS5 4NR3
£46K12/200.38 mi21, Lydbrook Road, Middlesbrough TS5 4NR3
£62K12/200.38 mi70, Kildare Street, Middlesbrough TS1 4QY3
£97K03/210.4 mi83, Clough Close, Middlesbrough TS5 5ET3
£118K12/230.4 mi99, Clough Close, Middlesbrough TS5 5ET3
£58.4K01/210.4 mi78, Surrey Street, Middlesbrough TS1 4QB3
£85K04/230.41 mi130a, Crescent Road, Middlesbrough TS1 4QT3
£117K11/230.44 mi93, Maddren Way, Middlesbrough TS5 5BD3
£64K05/210.45 mi66, Harford Street, Middlesbrough TS1 4PP3
£62K02/230.46 mi41, Surrey Street, Middlesbrough TS1 4QD3
£25K04/210.47 mi30, Surrey Street, Middlesbrough TS1 4QD3

Local Rents

24 rents from £390/mo to £1.1K/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£67504/250.08 mi-3
£80004/250.08 mi-3
£75001/250.26 mi-3
£75004/250.3 mi-3
£72510/240.34 miLongford Street, Middlesbrough3
£70010/240.37 miNesham Road, Middlesbrough, North Yorkshire, TS13
£95001/250.39 mi-3
£1,01510/240.41 miAcklam Gardens, Middlesbrough, TS53
£82510/240.41 miClough Close, Middlesbrough3
£95004/250.45 mi-3
£65010/240.45 miHarford Street, Middlesbrough3
£1,01510/240.46 miAcklam Gardens, Middlesbrough, TS53
£1,05010/240.46 miAcklam Gardens, Middlesbrough, TS53
£69503/250.5 mi-3
£67504/250.5 mi-3
£39010/240.5 mi62, Outram Street, Middlesbrough, TS13
£75010/240.52 mi2 Harford Street, Middlesbrough, North Yorkshire, TS13
£69502/250.54 mi-3
£79501/250.54 mi-3
£1,01510/240.56 miAcklam Gardens, Middlesbrough, TS53
£1,01510/240.56 miAcklam Gardens, Middlesbrough, TS53
£99510/240.57 miAcklam Gardens, Middlesbrough, TS53
£52510/240.58 miFalkland Street, Middlesbrough, TS1 4JH3
£79502/240.59 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.92 miles away

Nearest school

0.10 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £78,000

March 19, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • NO ONWARD CHAIN +
  • SPACIOUS LOUNGE/DINER +
  • MODERN FITTED KITCHEN +
  • FAMILY BATHROOM +
  • ON STREET PARKING +

SUMMARY
This spacious 3-bedroom terraced family home is offered for sale with no onward chain, making it an ideal choice for those looking for a smooth and hassle-free move. Perfectly suited for a growing family, this property offers both comfort and convenience in a great location.

DESCRIPTION
This spacious 3-bedroom terraced family home is offered for sale with no onward chain, making it an ideal choice for those looking for a smooth and hassle-free move. The property is naturally lit throughout, creating a warm and welcoming atmosphere. With generous living spaces and well-proportioned rooms, there's plenty of room for family life. The home also benefits from a garage to the rear, providing convenient off-street parking or additional storage space. Perfectly suited for a growing family, this property offers both comfort and convenience in a great location.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall  
Entered via UPVC double glazed door, stairs to first floor, understairs storage cupboard.

Lounge 24' 5" x 12' 3" ( 7.44m x 3.73m )
UPVC double glazed bay window to front, radiator, TV point, telephone point, electric fire with decorative fire surround, UPVC double glazed patio doors to rear garden.

Kitchen  17' 4" x 6' 2" ( 5.28m x 1.88m )
Range of base and wall units, complementary work surfaces, recess for fridge/ freezer, integral double oven, plumbing for washing machine, 1 1/2 bowl sink with draining board and mixer tap, UPVC double glazed window to side, UPVC double glazed door to rear garden, four ring induction hob with extractor fan.

Landing  
Void loft access.

Bedroom 1  12' 10" x 9' ( 3.91m x 2.74m )
UPVC double glazed bay window to front, radiator, fitted wardrobes.

Bedroom 2  10' 9" x 8' 11" ( 3.28m x 2.72m )
UPVC double glazed window to rear, radiator, fitted wardrobes.

Bedroom 3  7' 6" x 6' 10" ( 2.29m x 2.08m )
UPVC double glazed window to front, radiator, fitted wardrobes.

Family Bathroom  
W/C, wash hand basin with mixer tap and under storage, UPVC double glazed window to rear , bath with mixer tap , wall mounted shower with rainfall shower head.

Externally  

Front Garden  
Small front palisade.

Rear Garden  
Landscaped rear garden, garage to rear.

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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