3 Bed Terraced House, Refurb/BRRR, Middlesbrough, TS8 9SF, £70,000

Coverdale, Hemlington, Middlesbrough, TS8 9SF - 9 views - 15 days ago

Refurb/BRRR
~93 m²
+1 photos

ValuationFair Value

Sold Prices£37K - £410K
Sold Prices/m²£500/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£71,400

 

 

End Value (After Refurb)

£166,326

Uplift in Value

+138%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£36,697

Bridging Loan Interest

£1,838

Total Cash In

£62,485

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£166,326

Agent Fees (1%)

£1,663

Bridging Loan

£52,500

Bridging Loan Interest

£1,838

Flip Profit

£49,678

Local Sold Prices

50 sold prices from £37K to £410K, average is £125.3K. £500/m² to £4.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£86K12/220.01 mi39, Coverdale, Hemlington, Middlesbrough TS8 9SF3
£98K10/230.05 mi9, Mardale, Hemlington, Middlesbrough TS8 9SG3
£90K07/210.07 mi7, Arkendale, Hemlington, Middlesbrough TS8 9SH3
£83K05/210.09 mi12, Eskdale, Hemlington, Middlesbrough TS8 9LU3
£84.5K11/220.09 mi17, Eskdale, Hemlington, Middlesbrough TS8 9LU3
£71.5K02/210.11 mi53, Farmcote Court, Hemlington, Middlesbrough TS8 9LJ3
£113K08/230.13 mi5, Raydale, Hemlington, Middlesbrough TS8 9SB3
£84K02/240.13 mi30, Raydale, Hemlington, Middlesbrough TS8 9SB3
£60K02/210.15 mi80, Faygate Court, Hemlington, Middlesbrough TS8 9LG3
£123K04/240.19 mi20, Farthingale Way, Hemlington, Middlesbrough TS8 9RW3
£125K05/210.19 mi61, Farthingale Way, Hemlington, Middlesbrough TS8 9RW3
£130K03/230.19 mi26, Farthingale Way, Hemlington, Middlesbrough TS8 9RW3
£51K06/210.21 mi79, Dallas Court, Hemlington, Middlesbrough TS8 9JB3
£155K01/230.22 mi9, Corporal Roberts Close, Hemlington, Middlesbrough TS8 9SP3
£130K09/220.24 mi11, Vernon Court, Stainton, Middlesbrough TS8 9DQ3
£160K02/240.26 mi139, Cedarwood Glade, Stainton, Middlesbrough TS8 9DL3
£175K10/200.26 mi68, Cedarwood Glade, Stainton, Middlesbrough TS8 9DL3
£135K12/200.26 mi139, Cedarwood Glade, Stainton, Middlesbrough TS8 9DL3
£150K11/200.26 mi141, Cedarwood Glade, Stainton, Middlesbrough TS8 9DL3
£77.5K06/230.26 mi141, Cedarwood Glade, Stainton, Middlesbrough TS8 9DL3
£90K11/220.28 mi66, Fonteyn Court, Hemlington, Middlesbrough TS8 9EU3
£164.5K07/230.28 mi5, Cobblestone Close, Stainton, Middlesbrough TS8 9FF3
£282.1K09/230.3 mi7, Whinstone Drive, Stainton, Middlesbrough TS8 9AT3
£260K04/210.3 mi18, Fawcett Avenue, Stainton, Middlesbrough TS8 9AR3
£87K01/230.3 mi26, Fairfax Court, Hemlington, Middlesbrough TS8 9LB3
£65K06/230.3 mi26, Fonteyn Court, Hemlington, Middlesbrough TS8 9EU3
£265K09/230.31 mi19, Fawcett Avenue, Stainton, Middlesbrough TS8 9AR3
£70K04/230.32 mi70, Dalwood Court, Hemlington, Middlesbrough TS8 9JG3
£186K11/230.33 mi34, Hemlington Road, Stainton, Middlesbrough TS8 9AJ3
£280K04/240.33 mi8, Priory Drive, Stainton, Middlesbrough TS8 9AW3
£155K01/210.34 mi31, Nuneaton Drive, Hemlington, Middlesbrough TS8 9PR3
£125.5K05/210.34 mi17, Nuneaton Drive, Hemlington, Middlesbrough TS8 9PR3
£170K06/230.34 mi26, Nuneaton Drive, Hemlington, Middlesbrough TS8 9PR3
£166K09/210.36 mi11, Newhaven Close, Hemlington, Middlesbrough TS8 9QG3
£93K01/210.37 mi1, Nairnhead Close, Hemlington, Middlesbrough TS8 9PN3
£130K06/230.37 mi32, Nairnhead Close, Hemlington, Middlesbrough TS8 9PN3
£60K09/230.37 mi34, Darwen Court, Hemlington, Middlesbrough TS8 9JF3
£68K01/240.37 mi7, Darwen Court, Hemlington, Middlesbrough TS8 9JF3
£164.5K08/230.38 mi2, Coate Close, Hemlington, Middlesbrough TS8 9RA3
£294.3K01/210.39 mi3, The Drive, Stainton, Middlesbrough TS8 9AY3
£37K09/220.4 mi1, Eddison Way, Hemlington, Middlesbrough TS8 9ER3
£122K10/200.42 mi53, Northleach Drive, Hemlington, Middlesbrough TS8 9PP3
£160K08/230.42 mi31, Northleach Drive, Hemlington, Middlesbrough TS8 9PP3
£137.5K01/240.42 mi47, Northleach Drive, Hemlington, Middlesbrough TS8 9PP3
£167K06/230.42 mi40, High Rifts, Stainton, Middlesbrough TS8 9BG3
£100K06/210.44 mi38, Osbourne Close, Hemlington, Middlesbrough TS8 9QA3
£80K08/230.45 mi64, Eddison Way, Hemlington, Middlesbrough TS8 9ES3
£125K04/210.58 mi17, Amesbury Crescent, Hemlington, Middlesbrough TS8 9HR3
£410K12/220.64 mi10, Maltby Road, Thornton, Middlesbrough TS8 9BU3
£146K10/230.64 mi8, Abberley Drive, Hemlington, Middlesbrough TS8 9HP3

Local Rents

14 rents from £410/mo to £950/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£85003/250.01 mi-3
£85003/250.01 mi-3
£85010/240.01 mi-3
£85001/250.01 mi-3
£62509/240.09 mi-3
£79510/240.1 miDales Park Road, Hemlington3
£70010/240.15 miFaygate Court, Hemlington, Middlesbrough3
£41001/250.41 mi-3
£41002/250.41 mi-3
£41004/250.41 mi-3
£65010/240.44 mi-3
£49902/240.48 mi-3
£49910/240.48 mi-3
£95010/240.49 miStrait Lane, Stainton3

Local Area Statistics

Population in TS8

21,266

Population in Middlesbrough

189,245

Town centre distance

3.09 miles away

Nearest school

0.20 miles away

Nearest train station

2.61 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £70,000

March 28, 2025

Description

  • NO ONWARD CHAIN +
  • SPACIOUS LOUNGE +
  • THREE WELL PROPORTIONED BEDROOMS +
  • FAMILY BATHROOM +
  • EASY MAINTAINABLE REAR GARDEN +

SUMMARY
This 3-bedroom terraced home offers a fantastic opportunity for those looking to create their perfect living space. At the rear, a driveway provides convenient off-road parking.

DESCRIPTION
This 3-bedroom terraced home offers a fantastic opportunity for those looking to create their perfect living space. With no onward chain, it's ready for immediate purchase and provides a blank canvas to make it your own. The spacious lounge flows seamlessly into the kitchen, offering a great open-plan feel with plenty of potential for modernisation. Upstairs, there are three well-sized bedrooms, ideal for a growing family or as flexible living space. The family bathroom is a great size and offers potential for an update to suit your style. At the rear, a driveway provides convenient off-road parking.

Entrance 
Entered via UPVC double glazed door into lounge.

Lounge  15' 8" x 11' 4" ( 4.78m x 3.45m )
UPVC double glazed window to front, radiator, TV point, telephone point, understairs storage cupboard.

Kitchen  11' 5" x 10' 7" ( 3.48m x 3.23m )
Range of base and wall units, complementary work surfaces, recess for appliances, UPVC double glazed window to rear, 1 1/2 bowl sink with draining board and mixer tap, extractor fan.

Landing  
Void loft access.

Family Bathroom  
W/C, wash hand basin with mixer tap, bath with mixer tap, central heating boiler, UPVC double glazed window to rear.

Bedroom 1  10' 8" (inc door recess) x 11' 6" ( 3.25m (inc door recess) x 3.51m )
UPVC double glazed window to front, radiator, built in storage cupboard.

Bedroom 2  11' 7" x 10' 8" (inc door recess) ( 3.53m x 3.25m (inc door recess) )
UPVC double glazed window to rear, radiator, built in wardrobes.

Bedroom 3  8' 9" x 7' 9" ( 2.67m x 2.36m )
UPVC double glazed window to front, radiator.

Externally  

Front Garden  

Rear Garden  
Easy maintainable rear garden, mostly patio.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Manners & Harrison, Middlesbrough

01642 056044

Next Steps?

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