2 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS1 4SD, £75,000

Carlow Street, Middlesbrough, TS1 4SD - 19 days ago

Refurb/BRRR
ROI: 8%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£25K - £97K
Sold Prices/m²£390/m² - £1.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£40,677

 

 

End Value (After Refurb)

£72,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£26,876

Bridging Loan Interest

£1,969

Total Cash In

£54,295

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£72,500

Mortgage (After Refinance)

£54,375

Mortgage LTV

75%

Cash Left In

£54,295

Equity

£18,125

Rent Range

£450 - £3,900

Rent Estimate

£743

Running Costs/mo

£395

Cashflow/mo

£348

Cashflow/yr

£4,174

ROI

8%

Gross Yield

12%

Local Sold Prices

50 sold prices from £25K to £97K, average is £45K. £390/m² to £1.4K/m², average is £602/m².

PriceDateDistanceAddressBeds 
£43K03/210.02 mi3, Carlow Street, Middlesbrough TS1 4SE2
£34K11/200.02 mi29, Carlow Street, Middlesbrough TS1 4SE2
£62.5K07/230.02 mi45, Carlow Street, Middlesbrough TS1 4SE2
£40K04/210.03 mi5, Meath Street, Middlesbrough TS1 4RS2
£53K10/210.03 mi27, Meath Street, Middlesbrough TS1 4RS2
£36K03/210.03 mi30, Meath Street, Middlesbrough TS1 4RS2
£50K12/220.03 mi42, Meath Street, Middlesbrough TS1 4RS2
£38K03/210.04 mi7, Wembley Street, Middlesbrough TS1 4HS2
£60K05/230.04 mi51, Longford Street, Middlesbrough TS1 4RP2
£37.5K11/200.07 mi17, Wicklow Street, Middlesbrough TS1 4RG2
£40K05/210.07 mi7, Wicklow Street, Middlesbrough TS1 4RG2
£46K08/230.07 mi15, Wicklow Street, Middlesbrough TS1 4RG2
£37.5K11/200.07 mi17, Wicklow Street, Middlesbrough TS1 4RG2
£70K05/230.07 mi20, Wicklow Street, Middlesbrough TS1 4RG2
£38K04/210.08 mi56, Laycock Street, Middlesbrough TS1 4SL2
£34.5K12/200.08 mi58, Laycock Street, Middlesbrough TS1 4SL2
£64K09/230.09 mi39, Kildare Street, Middlesbrough TS1 4RF2
£72K07/230.09 mi28, Kildare Street, Middlesbrough TS1 4RF2
£47K06/210.11 mi157, Crescent Road, Middlesbrough TS1 4QT2
£44K06/210.14 mi97, Kildare Street, Middlesbrough TS1 4QY2
£40K06/210.15 mi203, Union Street, Middlesbrough TS1 4EF2
£97K08/210.15 mi225, Union Street, Middlesbrough TS1 4EF2
£55K07/210.15 mi231, Union Street, Middlesbrough TS1 4EF2
£55K10/230.19 mi12, Outram Street, Middlesbrough TS1 4EL2
£55K04/220.2 mi123, Kildare Street, Middlesbrough TS1 4RE2
£50K11/200.2 mi30, Harford Street, Middlesbrough TS1 4PR2
£39.5K02/210.2 mi19, Harford Street, Middlesbrough TS1 4PR2
£34K04/210.2 mi4, Enfield Street, Middlesbrough TS1 4EH2
£37.5K04/210.2 mi40, Enfield Street, Middlesbrough TS1 4EH2
£59.3K10/210.21 mi94, Essex Street, Middlesbrough TS1 4PU2
£38K07/210.21 mi124, Essex Street, Middlesbrough TS1 4PU2
£30K04/210.21 mi84, Essex Street, Middlesbrough TS1 4PU2
£45K03/210.21 mi56, Essex Street, Middlesbrough TS1 4PU2
£40K10/200.21 mi61, Essex Street, Middlesbrough TS1 4PT2
£43.5K07/210.21 mi121, Essex Street, Middlesbrough TS1 4PT2
£45K08/210.22 mi34, Enfield Street, Middlesbrough TS1 4EH2
£55K08/210.22 mi7, Falkland Street, Middlesbrough, Redcar And Cleveland TS1 4JH2
£35K11/200.22 mi2, Falkland Street, Middlesbrough TS1 4JH2
£38K05/210.22 mi22, Costa Street, Middlesbrough TS1 4PH2
£55K12/220.23 mi8, Costa Street, Middlesbrough TS1 4PH2
£75K09/230.23 mi38, Costa Street, Middlesbrough TS1 4PH2
£50K10/200.23 mi43, Costa Street, Middlesbrough TS1 4PH2
£65K08/210.24 mi169, Ayresome Street, Middlesbrough TS1 4PY2
£70K05/230.24 mi80, Glebe Road, Middlesbrough TS1 4EW2
£70K07/230.24 mi18, Finsbury Street, Middlesbrough TS1 4JR2
£50K05/230.24 mi112, Costa Street, Middlesbrough TS1 4PL2
£56K01/210.24 mi74, Costa Street, Middlesbrough TS1 4PL2
£38K12/200.24 mi66, Costa Street, Middlesbrough TS1 4PL2
£25K04/210.25 mi12, Finsbury Street, Middlesbrough TS1 4JR2
£25K11/200.26 mi5, Selbourne Street, Middlesbrough TS1 4ER2

Local Rents

33 rents from £450/mo to £3.9K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£50010/240.05 miLongford Street, Middlesbrough, TS1 4RR2
£70001/250.07 mi-2
£70003/250.11 mi-2
£47510/240.15 miUnion Street, Middlesbrough, North Yorkshire, TS12
£50010/240.19 miSurrey Street, Middlesbrough, TS1 4QA2
£60010/240.2 mi-2
£62510/240.21 miEssex Street, Middlesbrough2
£65010/240.21 mi-2
£57501/250.25 mi-2
£3,90010/240.27 miUnion Street, Middlesbrough, North Yorkshire, TS12
£45010/240.27 miUnion Street, Middlesbrough, North Yorkshire, TS12
£60010/240.28 mi-2
£65003/250.28 mi-2
£70010/240.29 mi15 Wentworth Street, Middlesbrough, North Yorkshire, TS12
£80003/250.31 mi-2
£62510/240.31 miClough Close, Middlesbrough, North Yorkshire, TS5 5DW2
£75010/240.32 mi18 Waverley Street, Middlesbrough, North Yorkshire, TS12
£80001/250.33 mi-2
£78003/250.39 mi-2
£50010/240.44 miBrompton Street, Middlesbrough, North Yorkshire, TS52
£89510/240.44 mi-2
£65012/240.44 mi-2
£65004/250.44 mi-2
£75010/240.46 mi-2
£60011/240.5 mi-2
£59510/240.5 miCaxton Street, Middlesbrough2
£65012/240.51 mi-2
£70011/240.52 mi-2
£65002/240.52 mi-2
£62502/250.54 mi-2
£56310/240.54 mi2 Bed Apartment On Wilton Street 2
£67503/250.55 mi-2
£65010/240.59 miNewport Road, Middlesbrough, North Yorkshire, TS12

Local Area Statistics

Population in TS1

16,984

Population in Middlesbrough

189,245

Town centre distance

2.70 miles away

Nearest school

0.30 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £75,000

March 20, 2025

Floor Plans

Description

  • LOCATED IN TOWN CENTRE +
  • IDEAL FOR INVESTMENT OPPORTUNITY +
  • SPACIOUS DOWNSTAIRS LAYOUT +
  • TWO DOUBLE BEDROOMS +
  • CLOSE TO AMENITIES +

SUMMARY
This 2-bedroom terraced house, located in the highly sought-after TS1 area, offers great potential for investors and first-time buyers alike. Ideally situated in a prime location, close to local amenities, transport links.

DESCRIPTION
This 2-bedroom terraced house, located in the highly sought-after TS1 area, offers great potential for investors and first-time buyers alike. The property boasts a spacious downstairs layout, providing ample living space for relaxation and entertaining. Upstairs, you'll find two generously sized double bedrooms, perfect for a family or those looking for extra space. With some modernisation, this property has the potential to become a fantastic home or rental investment. Ideally situated in a prime location, close to local amenities, transport links.

Entrance Hall  
Entered via UPVC double glazed door.

Lounge/Diner 23' 4" x 12' 7" ( 7.11m x 3.84m )
UPVC double glazed bay window to front, radiator, staircase to first floor, UPVC double glazed window to rear, gas fire.

Kitchen 13' 4" x 7' 1" ( 4.06m x 2.16m )
Range of base and wall units complementary work surfaces, four ring gas hob, sink with draining board, UPVC double glazed window to side, central heatng boiler, reccess for under counter appliences, recess for fridge/freezer.

Downstairs Bathroom  
W/C, wash hand basin with mixer tap, bath with mixer tap, radiator, UPVC double glazed window to side.

Landing  

Bedroom 1  11' 5" x 10' 4" ( 3.48m x 3.15m )
UPVC double glazed window to front, radiator, built in storage cupboard.

Bedroom 2  12' 7" x 9' 6" ( 3.84m x 2.90m )
UPVC double glazed window to rear, radiator.

Externally  

Front Garden  
Flat fronted, on street parking.

Rear Garden  
Small enclosed rear yard.

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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