2 Bed Terraced House, Cash/Bridging Only, Middlesbrough, TS3 6JN, £65,000

Pilkington Street, Middlesbrough, TS3 6JN - 2 views - a month ago

Cash
ROI: 6%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£30K - £140K
Sold Prices/m²£349/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£65,649

 

 

End Value (After Refurb)

£65,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Refurb Costs

£26,876

Bridging Loan Interest

£1,706

Total Cash In

£51,032

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£65,000

Mortgage (After Refinance)

£48,750

Mortgage LTV

75%

Cash Left In

£51,032

Equity

£16,250

Rent Range

£475 - £795

Rent Estimate

£575

Running Costs/mo

£338

Cashflow/mo

£237

Cashflow/yr

£2,843

ROI

6%

Gross Yield

11%

Local Sold Prices

50 sold prices from £30K to £140K, average is £67K. £349/m² to £2K/m², average is £964/m².

PriceDateDistanceAddressBeds 
£52K01/230.01 mi106, Beaumont Road, Middlesbrough TS3 6NP2
£45K03/230.07 mi5, Herbert Street, Middlesbrough TS3 6JR2
£40K03/210.1 mi16, Maria Street, Middlesbrough TS3 6JQ2
£36K07/210.11 mi5, Deacon Street, Middlesbrough TS3 6PB2
£42K03/210.12 mi27, Kindersley Street, Middlesbrough TS3 6PW2
£48K03/230.13 mi2, Norcliffe Street, Middlesbrough TS3 6PS2
£70K06/210.14 mi25, Thomas Street, Middlesbrough TS3 6JE2
£30K06/210.15 mi35, Dorothy Street, Middlesbrough TS3 6JD2
£45K03/230.18 mi25, Coltman Street, Middlesbrough TS3 6JA2
£43K06/210.19 mi21, Thornton Street, Middlesbrough TS3 6PG2
£30K11/200.22 mi11, Coronation Street, Middlesbrough TS3 6QH2
£40.5K03/230.26 mi10, Stainton Street, Middlesbrough TS3 6QF2
£50K12/220.28 mi2, Mccreton Street, Middlesbrough TS3 6QA2
£118K08/210.34 mi5, Millfield Road, Middlesbrough TS3 6ES2
£100K05/230.34 mi11, Millfield Road, Middlesbrough TS3 6ES2
£88K06/230.34 mi23, Livingstone Road, Middlesbrough TS3 6ET2
£49K08/230.34 mi11, Livingstone Road, Middlesbrough TS3 6ET2
£71K11/200.43 mi43, Merlin Road, Middlesbrough TS3 8EB2
£45K03/230.45 mi15, Benedict Street, Middlesbrough TS3 6DT2
£44K11/200.54 mi7, Lytton Street, Middlesbrough TS4 2BZ2
£48.5K04/210.56 mi35, Saltwells Road, Middlesbrough TS4 2EB2
£75K01/230.64 mi26, Delarden Road, Middlesbrough TS3 8JR2
£82.5K07/210.7 mi9, Westerdale Road, Middlesbrough TS3 7RQ2
£65.5K04/210.75 mi5, Duncombe Road, Middlesbrough TS4 2FE2
£80K02/230.76 mi32, Angle Street, Middlesbrough TS4 2JA2
£60K05/210.77 mi22, Angle Street, Middlesbrough TS4 2JA2
£77K11/220.77 mi16, Angle Street, Middlesbrough TS4 2JA2
£95K08/210.78 mi80, Highfield Road, Middlesbrough TS4 2QP2
£140K09/230.78 mi62, Highfield Road, Middlesbrough TS4 2QP2
£61.5K11/200.79 mi34, Talbot Street, Middlesbrough TS1 3EP2
£48.5K01/210.81 mi27, Esher Street, Middlesbrough TS1 3EN2
£105K12/200.81 mi62, Roseberry Road, Middlesbrough TS4 2LL2
£52.5K03/210.84 mi9, Roscoe Street, Middlesbrough TS1 3HN2
£78.5K04/230.84 mi146, Ingram Road, Middlesbrough TS3 7BU2
£63K05/210.84 mi26, Roscoe Street, Middlesbrough TS1 3HN2
£66K02/210.84 mi23, Hoskins Way, Middlesbrough TS3 8NJ2
£87K07/230.84 mi72, Berwick Hills Avenue, Middlesbrough TS3 9EG2
£41K12/220.85 mi30, Somerset Street, Middlesbrough TS1 2EF2
£106K11/230.85 mi15, Egmont Road, Middlesbrough TS4 2HU2
£68K08/230.85 mi58, Byelands Street, Middlesbrough TS4 2HP2
£75K10/210.85 mi129, Ingram Road, Middlesbrough TS3 7BX2
£105K12/220.85 mi2, Gilling Walk, Middlesbrough TS3 7PG2
£77K09/210.86 mi7, Hanson Grove, Middlesbrough TS3 9JY2
£88K03/210.87 mi33, College Road, Middlesbrough TS3 9EN2
£83K02/210.87 mi25, College Road, Middlesbrough TS3 9EN2
£100K07/220.87 mi32, Newstead Road, Middlesbrough TS4 2HJ2
£62K06/230.88 mi15, Haddon Street, Middlesbrough TS1 3JL2
£110K09/230.89 mi106, Lansdowne Road, Middlesbrough TS4 2QS2
£70K06/210.89 mi2, Chevin Walk, Middlesbrough TS3 7QD2
£90K12/220.9 mi66, Falmouth Street, Middlesbrough TS1 3HH2

Local Rents

16 rents from £475/mo to £795/mo, average is £623/mo.

RentDateDistanceAddressBeds 
£69510/240.05 mi-2
£79503/250.05 mi-2
£69510/240.05 miHerbert Street, Middlesbrough, TS32
£79503/250.07 mi-2
£79503/250.07 mi-2
£57510/240.08 miPeaton Street, MIDDLESBROUGH2
£59504/250.11 mi-2
£65010/240.11 miEsk Street, Middlesbrough, TS32
£50010/240.15 mi-2
£79501/250.15 mi-2
£49910/240.17 mi-2
£57510/240.18 miColtman Street, MIDDLESBROUGH2
£55010/240.2 miCadogan Street, North Ormesby, Middlesbrough, North Yorkshire, TS32
£69512/230.25 mi-2
£47510/240.29 mi-2
£55002/250.44 mi-2

Local Area Statistics

Population in TS3

28,890

Population in Middlesbrough

189,245

Town centre distance

1.54 miles away

Nearest school

0.20 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £65,000

March 27, 2025

Floor Plans

Description

  • SELLING WITH TENANT IN-SITU +
  • Open Plan Lounge/Dining Area +
  • Fitted Kitchen +
  • Two Spacious & Well Proportioned Bedrooms +
  • Turnkey Investment +
  • Rental Income: £575PCM +
  • Rental Yield: 10.6+% +
  • Cash Flowing From Day One! +
  • Well-Presented Throughout +
  • Buyer's Premium Fees Apply +

SELLING WITH TENANT IN-SITU
This well-presented two-bedroom property located on Jubilee Street, TS3, offers an excellent investment opportunity with a high rental yield. Currently tenanted, the property is achieving a steady rental income of £575 per calendar month, making it an ideal choice for both seasoned investors and those looking to expand their property portfolio.The home is situated in a high demand rental area, benefiting from easy access to local amenities, transport links, and schools. The property features a spacious open plan living/dining area, a well-equipped kitchen, and two generously sized bedrooms, making it a comfortable living space throughout.

With its strong rental income and potential for long-term growth, this property is a fantastic opportunity to secure a high-yield investment in a popular and thriving area.

Buyer's Premium Fees Apply

Agent Details

Property Express, Normanby

01642 056244

Next Steps?

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

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