3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS4 2DQ, £80,000

63 Wellesley Road, Middlesbrough, TS4 2DQ - 11 days ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£32.5K - £175K
Sold Prices/m²£417/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£78,692

 

 

End Value (After Refurb)

£93,554

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£36,697

Bridging Loan Interest

£2,100

Total Cash In

£65,747

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£93,554

Mortgage (After Refinance)

£70,165

Mortgage LTV

75%

Cash Released

£10,165

Cash Left In

£55,582

Equity

£23,388

Rent Range

£390 - £1,650

Rent Estimate

£721

Running Costs/mo

£457

Cashflow/mo

£264

Cashflow/yr

£3,173

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £32.5K to £175K, average is £92.5K. £417/m² to £1.9K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£77.5K02/210 mi41, Wellesley Road, Middlesbrough TS4 2DQ3
£85K01/240 mi68, Wellesley Road, Middlesbrough TS4 2DQ3
£87.5K05/240 mi59, Wellesley Road, Middlesbrough TS4 2DQ3
£71K05/210.07 mi64, Saltwells Road, Middlesbrough TS4 2DZ3
£62K03/210.07 mi24, Saltwells Road, Middlesbrough TS4 2EA3
£95K01/230.08 mi26, Saltwells Road, Middlesbrough TS4 2EA3
£92K04/210.08 mi63, Lytton Street, Middlesbrough TS4 2DD3
£93K10/210.15 mi23, Saltwells Crescent, Middlesbrough TS4 2DX3
£99K10/200.16 mi227, Marton Road, Middlesbrough TS4 2ES3
£82K12/230.16 mi137, Saltwells Road, Middlesbrough TS4 2DT3
£89K03/230.16 mi83, Saltwells Road, Middlesbrough TS4 2DT3
£51K08/210.16 mi34, Alphonsus Street, Middlesbrough TS3 6DZ3
£138K01/230.17 mi34, Bridgewater Court, Middlesbrough TS4 2GE3
£130K10/230.17 mi11, Bridgewater Court, Middlesbrough TS4 2GE3
£120K02/230.2 mi123, Saltwells Road, Middlesbrough TS4 2DT3
£65K10/210.22 mi10, Stamford Street, Middlesbrough TS1 3EW3
£70K10/210.22 mi14, Stamford Street, Middlesbrough TS1 3EW3
£122K02/230.23 mi11, St Johns Close, Middlesbrough TS4 2FG3
£101K11/200.25 mi16, Saltwater Court, Middlesbrough TS4 2AQ3
£45K10/230.25 mi30, Egmont Road, Middlesbrough TS4 2HY3
£60K03/240.25 mi25, Egmont Road, Middlesbrough TS4 2HY3
£135K05/230.27 mi21, Palin Close, Middlesbrough TS4 2FF3
£87K10/200.31 mi73, Lothian Road, Middlesbrough TS4 2HL3
£111K10/200.31 mi1a, Egmont Road, Middlesbrough TS4 2HT3
£85K07/230.31 mi5, Egmont Road, Middlesbrough TS4 2HT3
£135K10/230.31 mi4, Egmont Road, Middlesbrough TS4 2HT3
£78K01/210.33 mi5, Myrtle Street, Middlesbrough TS1 3EB3
£116K10/210.33 mi25, Ingleby Road, Middlesbrough TS4 2JU3
£109.5K03/230.33 mi3, Ingleby Road, Middlesbrough TS4 2JU3
£137.5K11/220.34 mi24, Lansdowne Road, Middlesbrough TS4 2LN3
£126K05/230.36 mi23, Oakfield Road, Middlesbrough TS3 6EL3
£148K11/230.37 mi1, Bilsdale Road, Middlesbrough TS4 2LQ3
£115K09/220.37 mi11, Bilsdale Road, Middlesbrough TS4 2LQ3
£150K10/230.38 mi27, Lansdowne Road, Middlesbrough TS4 2LW3
£125K06/230.38 mi11, Lansdowne Road, Middlesbrough TS4 2LW3
£57.5K11/220.38 mi30, Egerton Street, Middlesbrough TS1 3LT3
£75K03/210.38 mi6, Manitoba Gardens, Middlesbrough TS4 2NJ3
£110K02/210.38 mi7, Manitoba Gardens, Middlesbrough TS4 2NJ3
£110K04/230.41 mi19, Kildale Court, North Ormesby, Middlesbrough TS3 6LS3
£87K10/200.41 mi5, Vancouver Gardens, Middlesbrough TS4 2NH3
£175K06/230.41 mi26, Millfield Road, Middlesbrough TS3 6ES3
£125K05/230.42 mi36, Hutton Road, Middlesbrough TS4 2LE3
£55K01/230.42 mi116, Park Lane, Middlesbrough TS1 3LL3
£32.5K11/200.43 mi43, Coltman Street, Middlesbrough TS3 6JA3
£48.5K05/230.43 mi47, Jubilee Street, Middlesbrough TS3 6QJ3
£125K11/220.45 mi324, Marton Road, Middlesbrough TS4 2NU3
£65K05/210.46 mi78, Kings Road, North Ormesby, Middlesbrough TS3 6EU3
£52K12/220.46 mi9, Ryedale Street, Middlesbrough TS3 6PF3
£109K10/200.47 mi53, Nut Lane, Middlesbrough TS4 2NF3
£89K01/210.47 mi25, Nut Lane, Middlesbrough TS4 2NF3

Local Rents

52 rents from £390/mo to £1.6K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£95012/240.04 mi-3
£69503/250.18 mi-3
£70003/250.21 mi-3
£1,00010/240.22 mi-3
£90002/250.22 mi-3
£70003/250.22 mi-3
£1,10003/250.23 mi-3
£65003/250.25 mi-3
£95003/250.25 mi-3
£95003/250.25 mi-3
£1,65010/240.26 mi-3
£60010/240.27 mi-3
£42010/240.3 mi-3
£41210/240.32 miFalmouth Street, Middlesborough, TS13
£43310/240.32 miFalmouth Street, Middlesborough, TS13
£41210/240.36 miTeak Street, Middlesbrough3
£52010/240.37 miEgerton Street, Middlesbrough3
£52010/240.37 miEgerton Street, Middlesbrough3
£47710/240.37 miPalm Street, Middlesbrough3
£52010/240.39 miEgerton Street, Middlesborough, TS13
£70003/250.41 mi-3
£70004/250.41 mi-3
£76010/240.41 miUpton Street, Middlesbrough, TS13
£69510/240.42 mi-3
£69502/250.42 mi-3
£79503/250.42 mi-3
£69510/240.42 miJubilee Street, Middlesbrough, TS33
£79501/250.42 mi-3
£79501/250.42 mi-3
£39010/240.42 miAubrey Street, Middlesbrough3
£85010/240.43 miSimon Hunter Way, Middlesbrough, North Yorkshire, TS43
£65012/230.43 mi-3
£67012/230.43 mi-3
£69503/250.44 mi-3
£39010/240.44 miApsley Street, Middlesbrough3
£60011/240.44 mi-3
£89511/240.45 mi-3
£80011/240.48 mi-3
£80011/240.48 mi-3
£79504/250.48 mi-3
£75010/240.5 mi-3
£70011/240.51 mi-3
£70004/250.51 mi-3
£79510/240.55 mi-3
£75012/240.56 mi-3
£85003/250.57 mi-3
£80003/250.58 mi-3
£65010/240.59 mi-3
£69510/240.6 miPilkington Street, Middlesbrough, North Yorkshire, TS3 6JN3
£52503/250.6 mi-3
£79510/240.61 miBeaumont Road, Middlesbrough, TS33
£79510/240.61 mi-3

Local Area Statistics

Population in TS4

16,950

Population in Middlesbrough

189,245

Town centre distance

1.76 miles away

Nearest school

0.10 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+47%

Sales demand

Seller's market

Capital growth (5yrs)

-3%

Property History

Listed for £80,000

March 25, 2025

Floor Plans

Description

  • A Spacious 3 Bedroom Terraced Property +
  • Sold With No Chain & Offer Invited +
  • Highly Sought For TS4 Middlesbrough Location +
  • Close To Teesside University & Amenities/Transport Links +
  • Combi Boiler Heating & UPVC Double Glazed Windows +
  • Viewings Available Now +

A 3 Bedroom Terrace Situated To The Desirable TS4 Location Of Middlesbrough, Does Require Modernisation, Sold With No Chain & Open To Offers - Viewings Available Now!

Details - A fantastic opportunity awaits with this generously sized 3-bedroom mid-terraced property, located in the highly sought-after Middlesbrough Town Centre. Situated just 0.5 miles from Teesside University and surrounded by an abundance of local amenities and excellent transport links, this home offers both convenience and potential.

Priced to sell and sold with no onward chain, this property is open to offers and presents an ideal prospect for buyers seeking a project. While it requires modernisation, the space and location are unbeatable. Comprising in brief from entrance hall, open plan reception room, dining kitchen, three good sized bedrooms and bathroom. On road parking to front and enclosed yard to rear. Additional benefits include on-road parking to the front and a private enclosed yard to the rear, making this home perfect for families, professionals, or investors.

Central heating is supplied by a combination boiler system, with UPVC double glazed windows and timber glazed external doors.

Measurements -

Hallway - 1.03 x 3.04 (3'4" x 9'11") -

Reception Room - 3.39 x 8.21 (11'1" x 26'11") -

Kitchen - 2.79 x 5.93 (9'1" x 19'5") -

First Floor -

Bedroom One - 4.03 x 3.33 (13'2" x 10'11") -

Bedroom Two - 2.31 x 3.60 (7'6" x 11'9") -

Bedroom Three - 2.80 x 3.25 (9'2" x 10'7") -

Bathroom - 1.55 x 2.54 (5'1" x 8'3") -

Agent Details

PH Estate Agents, Middlesbrough

01642 056292

Next Steps?

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