3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS5 6EJ, £80,000

Chipchase Road, Middlesbrough, TS5 6EJ - 10 days ago

Under Offer

Refurb/BRRR

ROI: 5%

~93 m²

+9 photos

ValuationFair Value

Sold Prices	£58K - £165K
Sold Prices/m²	£753/m² - £1.9K/m²

Square Metres	~93 m²
Price/m²	£860/m²
Value Estimate	£80,800£80,800

End Value (After Refurb)	£110,181£110,181
Uplift in Value	+38%+38%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£5,200£5,200
Refurb Costs	£36,697£36,697
Bridging Loan Interest	£2,100£2,100
Total Cash In	£65,747£65,747

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£110,181£110,181
Mortgage (After Refinance)	£82,636£82,636
Mortgage LTV	75%75%
Cash Released	£22,636£22,636
Cash Left In	£43,111£43,111
Equity	£27,545£27,545
Rent Range	£260 - £1,200£260 - £1,200
Rent Estimate	£793
Running Costs/mo	£523£523
Cashflow/mo	£270£270
Cashflow/yr	£3,241£3,241
ROI	5%5%
Gross Yield	12%12%

Local Sold Prices

51 sold prices from £58K to £165K, average is £110K. £753/m² to £1.9K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£124K	05/24	0.01 mi	41, Chipchase Road, Middlesbrough TS5 6EL	£1,333	93	3	Terraced House
£122.5K	06/23	0.03 mi	93, Tavistock Road, Middlesbrough TS5 6ER	£1,424	86	3	Terraced House
£140K	01/23	0.05 mi	49, Devonshire Road, Middlesbrough TS5 6DN	£1,505	93	3	Terraced House
£105K	11/20	0.06 mi	21, Lewis Road, Middlesbrough TS5 6EW	£1,167	90	3	Terraced House
£97K	12/20	0.06 mi	20, Lewis Road, Middlesbrough TS5 6EW	£1,244	78	3	Terraced House
£121.5K	09/23	0.06 mi	12, Lewis Road, Middlesbrough TS5 6EW	£1,578	77	3	Terraced House
£127.5K	12/23	0.06 mi	10, Lewis Road, Middlesbrough TS5 6EW	£1,238	103	3	Terraced House
£104K	05/21	0.06 mi	25, Latham Road, Middlesbrough TS5 6EH	£1,195	87	3	Semi-Detached House
£102K	04/23	0.07 mi	16, Gorman Road, Middlesbrough TS5 6ES	-	-	3	Terraced House
£134K	03/21	0.07 mi	37, Devonshire Road, Middlesbrough TS5 6DL	£1,000	134	3	Terraced House
£128K	04/21	0.08 mi	25, Devonshire Road, Middlesbrough TS5 6DL	£1,174	109	3	Terraced House
£138.5K	08/23	0.08 mi	31, Devonshire Road, Middlesbrough TS5 6DL	£1,226	113	3	Terraced House
£135K	01/21	0.08 mi	22, Devonshire Road, Middlesbrough TS5 6DP	£1,098	123	3	Terraced House
£127K	09/23	0.08 mi	52, Devonshire Road, Middlesbrough TS5 6DP	£1,144	111	3	Terraced House
£110K	09/23	0.09 mi	8, Osborne Road, Middlesbrough TS5 6EQ	£940	117	3	Terraced House
£80K	02/23	0.1 mi	21, Queens Road, Middlesbrough TS5 6EF	£777	103	3	Terraced House
£107K	10/21	0.11 mi	94, St Barnabas Road, Middlesbrough TS5 6BA	-	-	3	Terraced House
£140K	10/21	0.12 mi	20, Queens Road, Middlesbrough TS5 6EE	£1,284	109	3	Terraced House
£110K	09/23	0.14 mi	15, Devonshire Road, Middlesbrough TS5 6DJ	£924	119	3	Terraced House
£114K	12/20	0.14 mi	45, Lambeth Road, Middlesbrough TS5 6ED	£1,226	93	3	Terraced House
£135K	12/23	0.15 mi	34, Lambeth Road, Middlesbrough TS5 6EB	-	-	3	Terraced House
£94K	01/24	0.15 mi	25a, Chipchase Road, Middlesbrough TS5 6DD	-	-	3	Terraced House
£86K	11/20	0.16 mi	36, Addison Road, Middlesbrough TS5 6BB	£935	92	3	Terraced House
£130K	02/23	0.17 mi	44, Ventnor Road, Middlesbrough TS5 6DU	£1,211	107	3	Terraced House
£95K	02/23	0.17 mi	30, Kings Road, Middlesbrough TS5 5AL	-	-	3	Terraced House
£100K	11/21	0.17 mi	30, Kings Road, Middlesbrough TS5 5AL	-	-	3	Terraced House
£100K	11/21	0.17 mi	30, Kings Road, Middlesbrough TS5 5AL	-	-	3	Semi-Detached House
£110K	09/21	0.18 mi	23, Burlam Road, Middlesbrough TS5 5AN	£948	116	3	Terraced House
£84K	01/21	0.18 mi	66, Ayresome Park Road, Middlesbrough TS5 6AS	£884	95	3	Terraced House
£97K	09/21	0.18 mi	78, Ayresome Park Road, Middlesbrough TS5 6AS	£1,000	97	3	Terraced House
£80K	03/21	0.19 mi	15, Ventnor Road, Middlesbrough TS5 6DX	£889	90	3	Terraced House
£92K	07/21	0.19 mi	23, Ventnor Road, Middlesbrough TS5 6DX	-	-	3	Terraced House
£160K	05/23	0.19 mi	23, Ventnor Road, Middlesbrough TS5 6DX	-	-	3	Terraced House
£110K	01/24	0.19 mi	1, Ventnor Road, Middlesbrough TS5 6DX	£1,208	91	3	Terraced House
£125K	06/21	0.2 mi	32, Patey Court, Linthorpe, Middlesbrough TS5 5DJ	£1,506	83	3	Semi-Detached House
£142.5K	08/23	0.2 mi	34, Patey Court, Linthorpe, Middlesbrough TS5 5DJ	£1,875	76	3	Semi-Detached House
£142.5K	08/23	0.2 mi	34, Patey Court, Linthorpe, Middlesbrough TS5 5DJ	£1,875	76	3	Semi-Detached House
£96K	06/21	0.23 mi	11, Dufton Road, Middlesbrough TS5 5AW	£1,032	93	3	Terraced House
£117K	11/23	0.23 mi	93, Maddren Way, Middlesbrough TS5 5BD	-	-	3	Terraced House
£119K	11/23	0.24 mi	21, Rockliffe Road, Middlesbrough TS5 5DL	£1,368	87	3	Terraced House
£58K	02/21	0.24 mi	47, Clive Road, Middlesbrough TS5 6BH	£753	77	3	Terraced House
£88K	12/20	0.25 mi	28, Ayresome Park Road, Middlesbrough TS5 6AR	£822	107	3	Terraced House
£122K	01/21	0.26 mi	24, Rockliffe Road, Middlesbrough TS5 5DN	£1,119	109	3	Terraced House
£125K	12/22	0.28 mi	14, Chelmsford Road, Middlesbrough TS5 6PH	£1,524	82	3	Terraced House
£77.5K	11/20	0.29 mi	33, The Turnstile, Middlesbrough TS5 6BY	£1,187	65	3	Terraced House
£97K	03/21	0.29 mi	83, Clough Close, Middlesbrough TS5 5ET	£1,426	68	3	Terraced House
£118K	12/23	0.29 mi	99, Clough Close, Middlesbrough TS5 5ET	£1,710	69	3	Terraced House
£165K	05/21	0.3 mi	18, Oxford Road, Middlesbrough TS5 5DT	£1,544	107	3	Terraced House
£105K	05/21	0.3 mi	6, Canterbury Grove, Middlesbrough TS5 6NS	-	-	3	Terraced House
£112.5K	05/21	0.3 mi	1, Chelmsford Road, Middlesbrough TS5 6PH	£1,172	96	3	Semi-Detached House
£82K	01/23	0.31 mi	8, Caxton Street, Middlesbrough TS5 6AH	£1,090	75	3	Terraced House

Local Rents

37 rents from £260/mo to £1.2K/mo, average is £780/mo.

Rent	Date	Distance	Address	Beds	Type
£750	03/25	0.07 mi	-	3	Terraced House
£750	03/25	0.07 mi	-	3	Terraced House
£695	02/25	0.11 mi	-	3	Terraced House
£850	10/24	0.17 mi	-	3	Terraced House
£850	03/25	0.18 mi	-	3	Terraced House
£745	02/25	0.18 mi	-	3	Flat
£880	10/24	0.26 mi	-	3	Terraced House
£825	10/24	0.31 mi	Clough Close, Middlesbrough	3	Terraced House
£765	09/24	0.35 mi	-	3	Semi-Detached House
£575	02/24	0.35 mi	-	3	Terraced House
£675	04/25	0.39 mi	-	3	Terraced House
£650	10/24	0.4 mi	Harford Street, Middlesbrough	3	Terraced House
£1,000	03/25	0.4 mi	-	3	Terraced House
£850	10/24	0.42 mi	-	3	Semi-Detached House
£800	02/24	0.42 mi	-	3	Terraced House
£750	01/25	0.42 mi	-	3	Terraced House
£950	01/25	0.44 mi	-	3	Terraced House
£750	10/24	0.5 mi	2 Harford Street, Middlesbrough, North Yorkshire, TS1	3	Terraced House
£725	10/24	0.5 mi	Longford Street, Middlesbrough	3	Terraced House
£1,050	03/25	0.52 mi	-	3	Semi-Detached House
£1,050	10/24	0.54 mi	Acklam Gardens, Middlesbrough, TS5	3	Detached House
£695	03/25	0.56 mi	-	3	Terraced House
£1,015	10/24	0.57 mi	Acklam Gardens, Middlesbrough, TS5	3	Detached House
£1,015	10/24	0.58 mi	Acklam Gardens, Middlesbrough, TS5	3	Detached House
£780	10/24	0.58 mi	-	3	Terraced House
£780	10/24	0.58 mi	Gresham Road, Middlesbrough, TS1	3	Terraced House
£795	02/24	0.58 mi	-	3	Terraced House
£260	10/24	0.59 mi	Gresham Road, Middlesbrough	3	Terraced House
£745	03/25	0.59 mi	-	3	Semi-Detached House
£525	10/24	0.59 mi	Falkland Street, Middlesbrough, TS1 4JH	3	Terraced House
£950	03/25	0.59 mi	-	3	Terraced House
£1,200	10/24	0.6 mi	Albert Terrace, Middlesbrough	3	Flat
£525	10/24	0.61 mi	Stowe Street, Middlesbrough, TS1	3	Flat
£525	10/24	0.61 mi	Stowe Street, Middlesbrough, TS1	3	Flat
£525	10/24	0.61 mi	Stowe Street, Middlesbrough, TS1	3	Flat
£1,015	10/24	0.61 mi	Acklam Gardens, Middlesbrough, TS5	3	Detached House
£1,015	10/24	0.62 mi	Acklam Gardens, Middlesbrough, TS5	3	Detached House

Local Area Statistics

Population in TS5	39,38739,387
Population in Middlesbrough	189,245189,245
Town centre distance	2.32 miles away2.32 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.37 miles away1.37 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £80,000

March 26, 2025

Floor Plans

Description

VACANT POSSESSION +
PRICED TO REFLECT WORKS NEEDED +
THREE BEDROOMS +
USEFUL LOFT SPACE +
POPULAR LINTHORPE LOCATION +
SOUTH FACING REAR GARDEN +
TENURE - FREEHOLD +

Priced for a quick sale and to reflect modernisation needed. This spacious three bedroom property is likely to appeal to someone looking for a project. We anticipate high levels of interest - to book a viewing contact .

Internally the property comprises an entrance porch, lounge, rear dining space opening into the kitchen. The first floor has three bedrooms and bathroom w/c. Loft space is accessed via a fixed staircase in the third bedroom. Externally there are gardens to the front and rear.

Agent Details

Clarke Munro, Middlesbrough

01642 056909

Next Steps?

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

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