2 Bed Bungalow, Refurb/BRRR, Stockton-on-Tees, TS17 0UR, £235,000

10 Thorington Gardens, Ingleby Barwick, Stockton-on-Tees, TS17 0UR - a month ago

Refurb/BRRR
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£50K - £220K
Sold Prices/m²£929/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£149,646

 

 

End Value (After Refurb)

£180,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£12,950

Refurb Costs

£26,987

Bridging Loan Interest

£6,169

Total Cash In

£106,606

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,000

Mortgage (After Refinance)

£135,000

Mortgage LTV

75%

Cash Left In

£106,606

Equity

£45,000

Rent Range

£550 - £825

Rent Estimate

£713

Running Costs/mo

£725

Cashflow/mo

£-12

Cashflow/yr

£-145

Gross Yield

4%

Local Sold Prices

44 sold prices from £50K to £220K, average is £131.3K. £929/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£120K09/210.08 mi4, Haresfield Way, Ingleby Barwick, Stockton-on-tees TS17 0YL2
£125K01/210.09 mi12, Florence Court, Ingleby Barwick, Stockton-on-tees TS17 0YJ2
£140K09/210.14 mi37, Emmetts Garden, Ingleby Barwick, Stockton-on-tees TS17 0YH2
£125K04/230.14 mi50, Emmetts Garden, Ingleby Barwick, Stockton-on-tees TS17 0YH2
£100K11/200.27 mi36, Petworth Crescent, Ingleby Barwick, Stockton-on-tees TS17 0PD2
£136.5K12/230.27 mi17, Petworth Crescent, Ingleby Barwick, Stockton-on-tees TS17 0PD2
£154.9K01/210.28 mi8, Hanbury Close, Ingleby Barwick, Stockton-on-tees TS17 0UQ2
£220K12/230.28 mi6, Hanbury Close, Ingleby Barwick, Stockton-on-tees TS17 0UQ2
£165K09/210.29 mi28, Hanbury Close, Ingleby Barwick, Stockton-on-tees TS17 0UQ2
£103K09/230.32 mi12, Ickworth Court, Ingleby Barwick, Stockton-on-tees TS17 0PA2
£135K09/230.32 mi1, Ickworth Court, Ingleby Barwick, Stockton-on-tees TS17 0PA2
£108K12/200.46 mi12, Greenway, Ingleby Barwick, Stockton-on-tees TS17 0SZ2
£109K05/210.46 mi7, Greenway, Ingleby Barwick, Stockton-on-tees TS17 0SZ2
£132.5K05/230.47 mi19, Yoredale Close, Ingleby Barwick, Stockton-on-tees TS17 0PZ2
£117.5K11/210.48 mi52, Lowfields Avenue, Ingleby Barwick, Stockton-on-tees TS17 0RJ2
£180K04/210.49 mi14, Embsay Close, Ingleby Barwick, Stockton-on-tees TS17 0PY2
£124.5K09/210.5 mi31, Ingleborough Lane, Ingleby Barwick, Stockton-on-tees TS17 0PT2
£136K09/230.5 mi11, Ingleborough Lane, Ingleby Barwick, Stockton-on-tees TS17 0PT2
£165K01/240.5 mi59, Hollybush Avenue, Ingleby Barwick, Stockton-on-tees TS17 0RL2
£136.9K01/240.54 mi34, Raydale Beck, Ingleby Barwick, Stockton-on-tees TS17 0YY2
£142K11/220.57 mi21, Linshiels Grove, Ingleby Barwick, Stockton-on-tees TS17 0WF2
£148K07/230.57 mi23, Linshiels Grove, Ingleby Barwick, Stockton-on-tees TS17 0WF2
£122.5K12/200.58 mi3, Middle Road, Ingleby Barwick, Stockton-on-tees TS17 0SB2
£125K02/230.6 mi2, Copse Close, Ingleby Barwick, Stockton-on-tees TS17 0SA2
£145K01/230.61 mi19, Avens Way, Ingleby Barwick, Stockton-on-tees TS17 0SG2
£120K05/210.63 mi4, Spurrey Close, Ingleby Barwick, Stockton-on-tees TS17 0SJ2
£160K02/240.63 mi14, Thirlwall Drive, Ingleby Barwick, Stockton-on-tees TS17 0GG2
£50K08/210.65 mi14, Tamarisk Close, Ingleby Barwick, Stockton-on-tees TS17 0SH2
£126K02/210.66 mi5, Harbottle Close, Ingleby Barwick, Stockton-on-tees TS17 0GH2
£111K11/200.66 mi25, Barrowburn Green, Ingleby Barwick, Stockton-on-tees TS17 0FF2
£120K09/230.67 mi12, Greenlee Close, Ingleby Barwick, Stockton-on-tees TS17 0FQ2
£130K11/200.69 mi9, Mastiles Close, Ingleby Barwick, Stockton-on-tees TS17 0QY2
£126K04/210.69 mi22, Mastiles Close, Ingleby Barwick, Stockton-on-tees TS17 0QY2
£192K12/200.71 mi1, Langleeford Way, Ingleby Barwick, Stockton-on-tees TS17 0FB2
£122.5K05/210.81 mi49, Trecastell, Ingleby Barwick, Stockton-on-tees TS17 5HA2
£140K12/230.84 mi7, Brecon Crescent, Ingleby Barwick, Stockton-on-tees TS17 5DA2
£105K04/210.84 mi7, Brecon Crescent, Ingleby Barwick, Stockton-on-tees TS17 5DA2
£140K10/230.84 mi5, Brecon Crescent, Ingleby Barwick, Stockton-on-tees TS17 5DA2
£129.9K03/210.85 mi33, Penderyn Crescent, Ingleby Barwick, Stockton-on-tees TS17 5DD2
£136K05/230.85 mi40, Penderyn Crescent, Ingleby Barwick, Stockton-on-tees TS17 5DD2
£132.5K02/210.85 mi36, Penderyn Crescent, Ingleby Barwick, Stockton-on-tees TS17 5DD2
£135K03/240.85 mi35, Penderyn Crescent, Ingleby Barwick, Stockton-on-tees TS17 5DD2
£116K12/200.89 mi48, Cennon Grove, Ingleby Barwick, Stockton-on-tees TS17 5DB2
£133K04/230.91 mi93, Princes Square, Thornaby, Stockton-on-tees TS17 9HR2

Local Rents

20 rents from £550/mo to £825/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72010/240.08 mi-2
£76002/250.08 mi-2
£77503/250.28 mi-2
£75001/240.39 mi-2
£60010/240.55 miLongleat Walk, Ingleby Barwick2
£79510/240.57 miLinshiels Grove, Ingleby Barwick2
£75012/230.63 mi-2
£70010/240.65 miLongleat Walk, TS172
£82501/250.72 mi-2
£65010/240.78 miHatchlands Park, Ingleby Barwick, Stockton-on-Tees2
£62510/240.79 miHadleigh Walk, Stockton2
£68504/250.79 mi-2
£77510/240.82 miTrecastell, Ingleby Barwick2
£77510/240.87 miMorlais Court, Ingleby Barwick2
£82512/240.89 mi-2
£59510/240.91 miBlackbush Walk, Thornaby, Stockton-on-Tees2
£55002/240.94 mi-2
£62502/250.94 mi-2
£72510/240.99 miGreensforge Drive, Ingleby Barwick2
£72510/241.01 miGreensforge Drive, Ingleby Barwick2

Local Area Statistics

Population in TS17

44,647

Population in Stockton-on-Tees

149,709

Town centre distance

3.94 miles away

Nearest school

0.40 miles away

Nearest train station

2.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £235,000

March 26, 2025

Floor Plans

Description

  • Spacious detached bungalow which enjoys a lovely position +
  • Generous plot, with good front and rear gardens +
  • Extensive frontage parking, and gated side drive to large garage +
  • Bursting with potential, and with 'No Forward Chain' +
  • Generous lounge, separate dining room and roofed conservatory +

This spacious, two-bedroom bungalow offers a fairly rare purchase opportunity, and is to be sold with 'No Forward Chain'. Enjoying a generous plot within this desirable 'Beckfields' area of Ingleby Barwick, with fantastic amenities on-hand, and just moments from good bus routes. The extensive frontage is low-maintenance, with established shrubs and gravelled areas, along-side the concrete imprint drive which allows ample off-road parking and continues alongside the property through attractive iron gates to the larger than usual, detached garage. The rear garden is laid to patios with more established shrubs and greenery. A rear roofed conservatory enhances the living space, whilst a new owner may choose to open up the dining room and kitchen space, creating a more modern open-plan area. Although it is fair to say that modernisation is due, the bungalow has been well looked after, delivers a fantastic footprint, and is bursting with potential. This could easily be a superb property. Briefly, the accommodation comprises an entrance porch, inner hall, large lounge with bay to the front, separate dining room, roofed conservatory, fitted kitchen, two good bedrooms, one with fitted robes and four-piece suite bathroom.

Agent Details

Ingleby Homes, Stockton On Tees

01642 061020

Next Steps?

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