3 Bed Terraced House, Single Let, Middlesbrough, TS6 0LX, £50,000

Cleveland Street, Normanby, Middlesbrough, North Yorkshire, TS6 0LX - 9 months ago

Auction
BTL
ROI: 24%
~93 m²
+31 photos

ValuationUndervalued

Sold Prices£60K - £415K
Sold Prices/m²£744/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£538/m²

Value Estimate

£62,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£595 - £800

Rent Estimate

£625

Running Costs/mo

£301

Cashflow/mo

£324

Cashflow/yr

£3,885

ROI

24%

Gross Yield

15%

Local Sold Prices

50 sold prices from £60K to £415K, average is £144K. £744/m² to £3.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£146K12/200.01 mi68, West Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LQ3
£150K11/230.04 mi17, Grosvenor Gardens, Middlesbrough, Redcar And Cleveland TS6 0LG3
£245K08/230.07 mi48, Hollywalk Drive, Middlesbrough, Redcar And Cleveland TS6 0PL3
£92.5K03/230.1 mi42, Cleveland Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LU3
£171K09/230.14 mi1, The Jennings, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LL3
£152K12/210.14 mi15, Firtree Avenue, Middlesbrough, Redcar And Cleveland TS6 0PQ3
£165K11/210.14 mi1, The Jennings, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LL3
£183K02/230.16 mi7, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NS3
£122.5K11/210.16 mi5, Windsor Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0QZ3
£77K12/200.17 mi42, Keats Road, Middlesbrough, Redcar And Cleveland TS6 0RW3
£138K09/230.18 mi36, Clive Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RT3
£115K05/230.18 mi34, Clive Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RT3
£415K06/210.19 mi72, High Street, Normanby, Middlesbrough, Redcar And Cleveland TS6 0LB3
£228K12/220.2 mi6, Oakdene Close, Middlesbrough, Redcar And Cleveland TS6 0HB3
£143K11/230.21 mi79, Windsor Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RF3
£153K03/210.22 mi529, Normanby Road, Middlesbrough, Redcar And Cleveland TS6 0DX3
£125K01/240.22 mi43, Windsor Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RE3
£120K04/210.22 mi46, Windsor Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0RE3
£95K08/230.22 mi28a, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 0QX3
£145K01/230.23 mi3, Thirlmere Crescent, Middlesbrough, Redcar And Cleveland TS6 0EU3
£116K12/230.23 mi16, Keats Road, Middlesbrough, Redcar And Cleveland TS6 0RR3
£175K01/210.23 mi48, Blantyre Road, Middlesbrough, Redcar And Cleveland TS6 0EY3
£105K11/220.23 mi28, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 0QX3
£285K07/220.23 mi52, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NX3
£164K04/210.24 mi56, South Park Avenue, Middlesbrough, Redcar And Cleveland TS6 0NX3
£265K03/230.25 mi14, Parkway Drive, Middlesbrough, Redcar And Cleveland TS6 0NU3
£67K12/200.28 mi5, Oakley Walk, Middlesbrough, Redcar And Cleveland TS6 0TE3
£83K07/210.29 mi39, Webster Road, Middlesbrough, Redcar And Cleveland TS6 0RG3
£82K09/230.29 mi94, Bankfields Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0TF3
£60K11/230.29 mi64, Bankfields Road, Eston, Middlesbrough, Redcar And Cleveland TS6 0TF3
£135K06/230.29 mi20, Carron Grove, Middlesbrough, Redcar And Cleveland TS6 0HD3
£180K05/240.3 mi4, Regency Avenue, Middlesbrough, Redcar And Cleveland TS6 0QN3
£117.5K12/200.3 mi40, Kinloch Road, Middlesbrough, Redcar And Cleveland TS6 0ES3
£140K10/220.31 mi39, Webster Road, Middlesbrough, Redcar And Cleveland TS6 0RG3
£325K02/230.31 mi15, Regency Avenue, Middlesbrough, Redcar And Cleveland TS6 0QL3
£100K02/230.31 mi7, Pennyman Close, Normanby, Middlesbrough, Redcar And Cleveland TS6 0JG3
£235K02/230.32 mi13, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9DZ3
£220K09/220.32 mi19, High Street, Eston, Middlesbrough, Redcar And Cleveland TS6 9DZ3
£140K12/200.32 mi68, Manor Green, Middlesbrough, Cleveland TS6 0DZ3
£150K01/240.32 mi32, Manor Green, Middlesbrough, Redcar And Cleveland TS6 0DZ3
£117.5K12/200.32 mi40, Kinloch Road, Middlesbrough, Redcar And Cleveland TS6 0ES3
£180K08/230.33 mi55, Blantyre Road, Middlesbrough, Redcar And Cleveland TS6 0EJ3
£153K12/200.33 mi7, Blantyre Road, Middlesbrough TS6 0EJ3
£315K08/230.33 mi110, Flatts Lane, Middlesbrough, Redcar And Cleveland TS6 0PW3
£110K07/210.35 mi5, Sandmoor Close, Middlesbrough, Redcar And Cleveland TS6 9EF3
£136.5K12/200.36 mi5, Orchard Grove, Middlesbrough, Redcar And Cleveland TS6 9BY3
£205K03/210.36 mi6, Blacksmiths Close, Middlesbrough, Redcar And Cleveland TS6 9TH3
£215.5K10/210.38 mi171, Flatts Lane, Middlesbrough, Redcar And Cleveland TS6 0PP3
£108K04/210.38 mi5, Nab Close, Middlesbrough, Redcar And Cleveland TS6 9HJ3
£95K04/230.38 mi11, Nab Close, Middlesbrough, Redcar And Cleveland TS6 9HJ3

Local Rents

12 rents from £595/mo to £800/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£62510/240.12 mi-3
£80003/250.14 mi-3
£62510/240.14 miThe Jennings, Normanby, Middlesbrough, TS6 0LL3
£70002/240.15 mi-3
£70011/240.15 mi-3
£59512/240.28 mi-3
£65010/240.37 miHolmefields Road, Middlesbrough, TS63
£65002/250.42 mi-3
£65006/240.43 mi-3
£65002/250.43 mi-3
£64808/240.56 mi-3
£65008/240.61 mi-3

Local Area Statistics

Population in TS6

30,239

Population in Middlesbrough

189,245

Town centre distance

1.49 miles away

Nearest school

0.30 miles away

Nearest train station

1.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Price changed to £50,000

February 12, 2025

Price changed to £55,000

December 20, 2024

Price changed to £50,000

December 4, 2024

Listed for £60,000

July 3, 2024

Description

  • Being Sold via Secure Sale Online Bidding. Terms & Conditions Apply. +
  • Three Bedrooms +
  • No Onward Chain +
  • Requires Modernization Throughout +

We welcome to the market this three-bedroom terraced property in Normanby.

Briefly comprising; living room, kitchen, three bedrooms and family bathroom. The property benefits from being sold with no onward chain and is a great project property for those looking to make a house a home.

The property is close to plenty of local amenities and offers easy access to the A171 into Middlesbrough and also routes to the coast.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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