4 Bed Detached House, Refurb/BRRR, Middlesbrough, TS5 7EU, £425,000

20 Cowley Road, Middlesbrough, TS5 7EU - 11 days ago

Refurb/BRRR
151 m²
+15 photos

ValuationOvervalued

Sold Prices£99K - £485K
Sold Prices/m²£912/m² - £3.3K/m²

 

 

Square Metres

151 m²
Price/m²£2.8K/m²

Value Estimate

£263,106

 

 

End Value (After Refurb)

£310,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£59,584

Bridging Loan Interest

£11,156

Total Cash In

£209,940

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£310,250

Mortgage (After Refinance)

£232,688

Mortgage LTV

75%

Cash Left In

£209,940

Equity

£77,563

Rent Range

£575 - £1,500

Rent Estimate

£868

Running Costs/mo

£1,163

Cashflow/mo

£-295

Cashflow/yr

£-3,542

Gross Yield

2%

Local Sold Prices

52 sold prices from £99K to £485K, average is £240K. £912/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£390K09/230.1 mi18, Adcott Road, Middlesbrough TS5 7ES4
£294K03/230.17 mi2, Bewley Grove, Middlesbrough TS5 7EW4
£307K12/210.2 mi345, Acklam Road, Middlesbrough TS5 7HA4
£299.5K09/210.21 mi445, Acklam Road, Middlesbrough TS5 7HB4
£335K11/230.21 mi443, Acklam Road, Middlesbrough TS5 7HB4
£450K05/240.21 mi433, Acklam Road, Middlesbrough TS5 7HB4
£485K03/230.22 mi431, Acklam Road, Middlesbrough TS5 7HB4
£255K05/210.24 mi484, Acklam Road, Middlesbrough TS5 8BD4
£265K03/210.24 mi452, Acklam Road, Middlesbrough TS5 8BB4
£295K05/210.35 mi554, Acklam Road, Middlesbrough TS5 8BE4
£302K05/230.36 mi122, Hall Drive, Middlesbrough TS5 7HT4
£215K03/230.38 mi39, Speeton Avenue, Middlesbrough TS5 7JH4
£182K06/230.41 mi8, Walworth Grove, Middlesbrough TS5 8NN4
£190K12/200.42 mi12, Keswick Grove, Middlesbrough TS5 8PN4
£260K08/210.45 mi47, Earlsdon Avenue, Middlesbrough TS5 8JR4
£225K03/230.45 mi50, Earlsdon Avenue, Middlesbrough TS5 8JR4
£240K02/230.46 mi7, Honister Grove, Middlesbrough TS5 8PW4
£145K02/230.51 mi71, Earlsdon Avenue, Middlesbrough TS5 8ST4
£178K08/210.51 mi10, Ullswater Avenue, Middlesbrough TS5 7DR4
£223.5K03/230.57 mi23, Mandale Road, Middlesbrough TS5 8AD4
£360K08/230.59 mi69, Yearby Close, Acklam, Middlesbrough TS5 8LY4
£100K04/240.59 mi9, Hardwick Avenue, Middlesbrough TS5 7AS4
£227.5K07/210.59 mi93, Ruskin Avenue, Middlesbrough TS5 8PG4
£180K10/210.63 mi20, Britain Avenue, Middlesbrough TS5 7AT4
£342K01/230.68 mi3, Sandy Flatts Lane, Middlesbrough TS5 7YY4
£162.5K08/230.68 mi4, Greenwood Avenue, Middlesbrough TS5 7RW4
£162.5K08/230.68 mi4, Greenwood Avenue, Middlesbrough TS5 7RW4
£165K02/210.7 mi40, Thornfield Grove, Middlesbrough TS5 5LQ4
£361K01/210.71 mi7, Thackeray Grove, Middlesbrough TS5 7QY4
£185.5K09/210.71 mi2, Benridge Close, Middlesbrough TS5 8RJ4
£470K08/220.72 mi28, Green Lane, Middlesbrough TS5 7RL4
£200K11/200.74 mi47, Reeth Road, Middlesbrough TS5 5JU4
£315K07/220.79 mi78, Low Lane, Middlesbrough TS5 8EB4
£203.6K05/230.8 mi24, Chalford Oaks, Middlesbrough TS5 8QG4
£226K11/210.8 mi6, Denton Close, Middlesbrough TS5 8RL4
£285K11/210.8 mi26, Finchlay Court, Middlesbrough TS5 8EL4
£248K08/230.81 mi9, Braemar Road, Middlesbrough TS5 5HU4
£248K08/230.81 mi9, Braemar Road, Middlesbrough TS5 5HU4
£300K11/200.82 mi7, Hawnby Road, Middlesbrough TS5 7QS4
£198K03/210.83 mi10, Westwood Avenue, Middlesbrough TS5 5PY4
£99K11/210.84 mi46, Holmwood Avenue, Middlesbrough TS4 3LF4
£235K03/240.84 mi9, Wycherley Avenue, Middlesbrough TS5 5HH4
£280K07/230.85 mi17, Westwood Avenue, Middlesbrough TS5 5PX4
£240K04/230.86 mi6, Lexden Avenue, Middlesbrough TS5 8AP4
£190K02/210.87 mi59, Emerson Avenue, Middlesbrough TS5 7QJ4
£215K11/210.87 mi69, Emerson Avenue, Middlesbrough TS5 7QJ4
£269K12/200.91 mi3, Mayberry Grove, Middlesbrough TS5 5PU4
£175K08/230.91 mi31, Mersehead Sands, Middlesbrough TS5 8UN4
£150K10/210.93 mi11, Cambridge Road, Linthorpe, Middlesbrough TS5 5ND4
£230K09/210.94 mi10, Barker Road, Middlesbrough TS5 5ES4
£280K08/220.98 mi18, Dornoch Sands, Middlesbrough TS5 8UW4
£280K09/220.99 mi17, Luce Sands, Middlesbrough TS5 8UL4

Local Rents

38 rents from £575/mo to £1.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75010/240.32 mi-3
£85001/250.4 mi-3
£95003/250.4 mi-3
£90010/240.41 miConiston Grove, Middlesbrough3
£85010/240.41 miTrimdon Avenue, Middlesbrough3
£90010/240.51 miEnnerdale Avenue, Middlesbrough, North Yorkshire, TS53
£80010/240.55 mi-3
£85003/250.55 mi-3
£95005/240.67 mi-3
£84010/240.69 mi-3
£89504/240.7 mi-3
£85003/250.71 mi-3
£80002/240.73 mi-3
£79507/230.75 mi-3
£80004/250.75 mi-3
£1,05003/250.79 mi-3
£95003/250.8 mi-3
£75002/240.84 mi-3
£90003/250.85 mi-3
£85010/240.91 mi-3
£85010/240.91 miMiddlesbrough, Middlesbrough, TS53
£85008/240.97 mi-3
£85009/240.97 mi-3
£85003/250.97 mi-3
£76509/241.02 mi-3
£75010/241.03 miMuirfield Way, Middlesbrough3
£85003/251.04 mi-3
£1,50010/241.1 miFurrow Grange, Middlesbrough, North Yorkshire, TS55
£95003/251.11 mi-3
£74502/251.12 mi-3
£67510/241.13 miCharnley Green, Middlesborough, TS43
£85011/241.13 mi-3
£85012/241.13 mi-3
£85011/241.19 mi-3
£57502/241.22 mi-3
£1,30002/251.22 mi-4
£80002/241.22 mi-3
£88010/241.23 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.37 miles away

Nearest school

0.20 miles away

Nearest train station

2.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £425,000

March 28, 2025

Floor Plans

Description

Nestled within a delightful setting offering seclusion and convenience, Igomove present to you this outstanding four bedroom detached property in the heart of Acklam. Set in the ever popular location off Hall Drive, you’ll find a range of amenities only a stone throws away including major routes like the A19 and A66 which give access to Middlesbrough, Darlington and Stockton. This outstanding home will be sure to attract a vast array of buyers due to it’s exceptional renovations throughout the years including a full property rewire and refurbishment, as well as being only one of a handful of detached properties on this road offering marvellous spacious accommodation and glorious views overlooking the avenue of trees to the rear . In brief, the home comprises of four bedrooms, two bathrooms, downstairs wc/cloakroom, open plan kitchen/diner, three reception rooms and garage attached to the side.

On approach, the impressive home sits with an attractive frontage featuring a well stocked garden and extensive driveway to both sides of the property. Stepping into the home, you’ll be immediately greeted into the entrance vestibule followed by the spacious entrance hallway which benefits from a downstairs wc/cloakroom. Awaiting you to the immediate left is a spacious and elegant reception room that effortlessly blends classic and contemporary elements and is highly flooded with natural light. Moving down the hallway, you enter the hub of the home which is the larger than average open plan kitchen/diner. The kitchen is nothing short of a culinary haven, featuring a separate island maximising cooking space. This area has a massive degree of natural light piercing through due to the grand window located at the dining area. This idyllic spot is perfect for relaxation and hosting as it overlooks onto the extensive rear garden. The open layout allows one to flow into the charming sun room, the ideal sanctuary to wind down, again overlooking the picturesque lawn. Here lie patio doors for comfort and convenience as well as a side entrance to the rear garden. Completing the downstairs accommodation is the sizeable lounge which can be accessed from both the hallway and sunroom via glass double doors.

Ascending the stairs to the first floor, four beautifully appointed and well proportioned bedrooms await. The master bedroom, located to rear aspect benefits from a high degree of natural light, large window overlooking onto greenery as well as an ensuite/shower room. The second bedroom to front aspect is spacious and features a bow window which in turn maximises the natural light flooding in. Bedroom three and four are of generous size. The family bathroom is tastefully styled featuring a three piece suite. The entirely of the property is equipped with full central heating, perfect for your your cozy nights in.

Externally the property boasts ample parking with its extensive driveway, one which leads straight to the garage which is ideal for additional storage or perhaps a work station, perfect to explore any creativity that lies within. To the rear is a stunning much larger than average established rear garden, an invitation to nature lovers and for all the family to enjoy. Make this home your own and book your viewing today. Igomove re open 7 days a week.

Agent Details

igomove, Teesside

01642 989609

Next Steps?

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