2 Bed Terraced House, Single Let, Middlesbrough, TS5 4BW, £99,950

Abbeygate, Middlesbrough, North Yorkshire, TS5 4BW - 4 views - 8 months ago

Sold STC
BTL
ROI: 2%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£30K - £97K
Sold Prices/m²£390/m² - £1.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£41,840

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,350

Total Cash In

£29,338

 

 

Cash Out

 

Rent Range

£450 - £3,900

Rent Estimate

£488

Running Costs/mo

£430

Cashflow/mo

£58

Cashflow/yr

£697

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £30K to £97K, average is £45.5K. £390/m² to £1.4K/m², average is £616/m².

PriceDateDistanceAddressBeds 
£66K10/200.01 mi9, Abbey Gate, Middlesbrough TS5 4BW2
£38K04/210.23 mi56, Laycock Street, Middlesbrough TS1 4SL2
£34.5K12/200.23 mi58, Laycock Street, Middlesbrough TS1 4SL2
£43K03/210.28 mi3, Carlow Street, Middlesbrough TS1 4SE2
£34K11/200.28 mi29, Carlow Street, Middlesbrough TS1 4SE2
£62.5K07/230.28 mi45, Carlow Street, Middlesbrough TS1 4SE2
£38K03/210.28 mi7, Wembley Street, Middlesbrough TS1 4HS2
£65K08/210.3 mi169, Ayresome Street, Middlesbrough TS1 4PY2
£40K04/210.31 mi5, Meath Street, Middlesbrough TS1 4RS2
£53K10/210.31 mi27, Meath Street, Middlesbrough TS1 4RS2
£36K03/210.31 mi30, Meath Street, Middlesbrough TS1 4RS2
£50K12/220.31 mi42, Meath Street, Middlesbrough TS1 4RS2
£55K04/220.32 mi123, Kildare Street, Middlesbrough TS1 4RE2
£60K05/230.32 mi51, Longford Street, Middlesbrough TS1 4RP2
£44K06/210.33 mi97, Kildare Street, Middlesbrough TS1 4QY2
£37.5K11/200.35 mi17, Wicklow Street, Middlesbrough TS1 4RG2
£40K05/210.35 mi7, Wicklow Street, Middlesbrough TS1 4RG2
£46K08/230.35 mi15, Wicklow Street, Middlesbrough TS1 4RG2
£37.5K11/200.35 mi17, Wicklow Street, Middlesbrough TS1 4RG2
£70K05/230.35 mi20, Wicklow Street, Middlesbrough TS1 4RG2
£47K06/210.35 mi157, Crescent Road, Middlesbrough TS1 4QT2
£64K09/230.37 mi39, Kildare Street, Middlesbrough TS1 4RF2
£72K07/230.37 mi28, Kildare Street, Middlesbrough TS1 4RF2
£59.3K10/210.38 mi94, Essex Street, Middlesbrough TS1 4PU2
£38K07/210.38 mi124, Essex Street, Middlesbrough TS1 4PU2
£30K04/210.38 mi84, Essex Street, Middlesbrough TS1 4PU2
£45K03/210.38 mi56, Essex Street, Middlesbrough TS1 4PU2
£43.5K07/210.39 mi121, Essex Street, Middlesbrough TS1 4PT2
£50K05/230.44 mi112, Costa Street, Middlesbrough TS1 4PL2
£56K01/210.44 mi74, Costa Street, Middlesbrough TS1 4PL2
£38K12/200.44 mi66, Costa Street, Middlesbrough TS1 4PL2
£40K06/210.44 mi203, Union Street, Middlesbrough TS1 4EF2
£97K08/210.44 mi225, Union Street, Middlesbrough TS1 4EF2
£55K07/210.44 mi231, Union Street, Middlesbrough TS1 4EF2
£50K11/200.46 mi30, Harford Street, Middlesbrough TS1 4PR2
£39.5K02/210.46 mi19, Harford Street, Middlesbrough TS1 4PR2
£62K12/210.48 mi94, Aire Street, Middlesbrough TS1 4PG2
£43K10/200.48 mi73, Aire Street, Middlesbrough TS1 4PG2
£53K04/210.48 mi72, Aire Street, Middlesbrough TS1 4PG2
£55K10/230.48 mi12, Outram Street, Middlesbrough TS1 4EL2
£38K05/210.48 mi22, Costa Street, Middlesbrough TS1 4PH2
£55K03/210.49 mi28, Camsell Court, Middlesbrough TS5 5BE2
£75K09/230.49 mi38, Costa Street, Middlesbrough TS1 4PH2
£34K04/210.49 mi4, Enfield Street, Middlesbrough TS1 4EH2
£37.5K04/210.49 mi40, Enfield Street, Middlesbrough TS1 4EH2
£40K12/200.5 mi66, Warwick Street, Middlesbrough TS1 4PA2
£55K12/220.5 mi8, Costa Street, Middlesbrough TS1 4PH2
£45K08/210.51 mi34, Enfield Street, Middlesbrough TS1 4EH2
£55K08/210.51 mi7, Falkland Street, Middlesbrough, Redcar And Cleveland TS1 4JH2
£35K11/200.51 mi2, Falkland Street, Middlesbrough TS1 4JH2

Local Rents

25 rents from £450/mo to £3.9K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65004/250.26 mi-2
£65010/240.32 mi-2
£50010/240.34 miLongford Street, Middlesbrough, TS1 4RR2
£70001/250.34 mi-2
£80004/250.35 mi-2
£62510/240.35 miClough Close, Middlesbrough, North Yorkshire, TS5 5DW2
£56504/250.35 mi-2
£50010/240.37 miSurrey Street, Middlesbrough, TS1 4QA2
£62510/240.39 miEssex Street, Middlesbrough2
£70003/250.4 mi-2
£47510/240.45 miUnion Street, Middlesbrough, North Yorkshire, TS12
£65003/250.49 mi-2
£60010/240.49 mi-2
£57501/250.53 mi-2
£60010/240.54 mi-2
£80001/250.55 mi-2
£78003/250.55 mi-2
£3,90010/240.56 miUnion Street, Middlesbrough, North Yorkshire, TS12
£45010/240.56 miUnion Street, Middlesbrough, North Yorkshire, TS12
£65012/240.58 mi-2
£65004/250.58 mi-2
£70010/240.58 mi15 Wentworth Street, Middlesbrough, North Yorkshire, TS12
£89510/240.59 mi-2
£75010/240.61 mi18 Waverley Street, Middlesbrough, North Yorkshire, TS12
£50010/240.61 miBrompton Street, Middlesbrough, North Yorkshire, TS52

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

2.91 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £99,950

January 24, 2025

Listed for £105,000

August 30, 2024

Floor Plans

Description

  • Offered for sale with no onward chain +
  • Modern two bedroom terraced home +
  • Spacious lounge +
  • Master Bedroom with En- Suite Shower room +
  • Kitchen/Diner +
  • Double glazing and Gas Central Heating System +
  • Close to Macmillan Academy +
  • Easy access for the A19 and A66 +
  • Perfect for First time buyers or Investors +
  • Potential rental income of £675PCM +

We bring to the market this well presented and very much improved two bedroom mid terrace home. Offering modern accommodation perfect for first time buyers, young families and Investors. Accommodation comprises entrance hall, spacious lounge. Kitchen/Diner with a comprehensive range of fitted units. Two bedrooms, master with en- suite shower room. Bathroom with white suite. In addition there is double glazing and a gas central heating system. Graveled to the front of the property. To the rear of the property is a rear garden which is laid to lawn and incorporates off street parking accessed via double gates. Please note that this property has potential rental income of £650 - £675 PCM. EPC RATING IS C. COUNCIL TAX BAND IS B. TENURE IS FREEHOLD.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

MID240379/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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