2 Bed Flat, Single Let, Middlesbrough, TS4 3NQ, £65,000

51 Bollington Road, Middlesbrough, TS4 3NQ - 1 views - 7 months ago

Leasehold
BTL
ROI: 11%
51 m²

ValuationUndervalued

Sold Prices£39K - £163K
Sold Prices/m²£747/m² - £2.2K/m²

 

 

Square Metres

51 m²
Price/m²£1.3K/m²

Value Estimate

£72,880
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£575 - £825

Rent Estimate

£495

Running Costs/mo

£322

Cashflow/mo

£173

Cashflow/yr

£2,075

ROI

11%

Gross Yield

9%

Local Sold Prices

51 sold prices from £39K to £163K, average is £82K. £747/m² to £2.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£40K07/210.2 mi78, Broadwell Road, Middlesbrough TS4 3NP2
£95K12/210.33 mi17d, Scholars Rise, Middlesbrough TS4 3RP2
£106K06/220.49 mi13, The Ladle, Middlesbrough TS4 3SL2
£115K02/220.51 mi32, The Ladle, Middlesbrough TS4 3SL2
£110K11/200.51 mi42, The Ladle, Middlesbrough TS4 3SL2
£96K01/230.51 mi29, The Ladle, Middlesbrough TS4 3SL2
£100K12/230.51 mi30, The Ladle, Middlesbrough TS4 3SL2
£66K06/210.61 mi41, Coris Close, Marton In Cleveland, Middlesbrough TS7 8SR2
£163K04/210.72 miFlat 1, Inwood Lodge, The Grove, Marton In Cleveland, Middlesbrough TS7 8AP2
£75K12/220.99 miFlat 6, Glen Court, Glendale Road, Middlesbrough TS5 7FL2
£60K09/221.01 mi22, Rosewood Court, Marton In Cleveland, Middlesbrough TS7 8QR2
£85K11/231.01 mi27, Rosewood Court, Marton In Cleveland, Middlesbrough TS7 8QR2
£85K11/231.01 mi27, Rosewood Court, Marton In Cleveland, Middlesbrough TS7 8QR2
£83K02/211.05 mi54, Sandling Court, Marton In Cleveland, Middlesbrough TS7 8QP2
£82K10/221.05 mi36, Sandling Court, Marton In Cleveland, Middlesbrough TS7 8QP2
£65K08/231.05 mi52, Sandling Court, Marton In Cleveland, Middlesbrough TS7 8QP2
£80K03/231.07 mi15, Saltcote, Marton In Cleveland, Middlesbrough TS7 8QN2
£70K10/221.1 mi5, Riversway, Marton In Cleveland, Middlesbrough TS7 8QL2
£65K08/231.13 mi22, Planetree Court, Middlesbrough TS7 8QT2
£95K06/211.15 mi28, Rosemoor Close, Marton In Cleveland, Middlesbrough TS7 8LQ2
£107K12/221.15 mi26, Rosemoor Close, Marton In Cleveland, Middlesbrough TS7 8LQ2
£55K03/231.15 mi18, Carmarthen Road, Middlesbrough TS3 0HR2
£60K12/221.34 mi2a, Hillel Walk, Middlesbrough TS5 8DG2
£70K12/221.34 mi9a, Otterburn Gardens, Middlesbrough TS5 8DE2
£64K05/231.34 mi7a, Otterburn Gardens, Middlesbrough TS5 8DE2
£68K08/221.34 mi6, Romanby Gardens, Middlesbrough TS5 8BW2
£134K02/231.37 mi11, Belgravia Gardens, Middlesbrough TS5 6NZ2
£127.5K08/221.37 mi8, Belgravia Gardens, Middlesbrough TS5 6NZ2
£112K04/231.37 mi10, Belgravia Gardens, Middlesbrough TS5 6NZ2
£120K03/231.37 mi4, Belgravia Gardens, Middlesbrough TS5 6NZ2
£82K11/211.4 mi18, Bayberry Mews, Middlesbrough TS5 7RG2
£82K08/211.4 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K01/231.4 mi16, Bayberry Mews, Middlesbrough TS5 7RG2
£85K02/241.4 mi12, Bayberry Mews, Middlesbrough TS5 7RG2
£95K01/211.42 mi49, Stanhope Grove, Middlesbrough TS5 7SF2
£95K01/211.42 mi47, Stanhope Grove, Middlesbrough TS5 7SF2
£60K06/231.44 mi86, Cargo Fleet Lane, Middlesbrough TS3 0JZ2
£80K08/221.45 mi122, Longhirst, Coulby Newham, Middlesbrough TS8 0TD2
£68K12/231.45 mi79, Longhirst, Coulby Newham, Middlesbrough TS8 0TD2
£87K10/221.48 mi56, Longhirst, Coulby Newham, Middlesbrough TS8 0TB2
£72K07/211.49 mi41, Phoenix Park, Hemlington, Middlesbrough TS8 9PA2
£63K04/221.49 mi15, Phoenix Park, Hemlington, Middlesbrough TS8 9PA2
£72K07/211.49 mi41, Phoenix Park, Hemlington, Middlesbrough TS8 9PA2
£39K09/231.49 mi16a, Welburn Grove, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9BN2
£90K01/221.52 miApartment 5, St Cuthberts Court, High Street, Ormesby, Middlesbrough TS7 9AF2
£65K09/221.52 mi65, Roman Road, Middlesbrough TS5 5PH2
£47K09/211.53 mi6, Fulbeck Road, Middlesbrough TS3 0SG2
£90K08/231.53 mi9, Oriel Close, Middlesbrough TS5 5NJ2
£76K06/211.56 mi14, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£84K01/231.56 mi70, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2
£80K07/231.56 mi19, Dorman Gardens, Linthorpe, Middlesbrough TS5 5DS2

Local Rents

23 rents from £575/mo to £825/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£70003/250.22 mi-2
£79009/230.33 mi-2
£79911/230.38 mi-2
£67508/240.49 mi-2
£75002/240.51 mi-2
£69509/240.51 mi-2
£79511/230.52 mi-2
£80506/240.52 mi-2
£65004/250.52 mi-2
£57502/240.67 mi-2
£75010/240.72 miCalluna Grove, Middlesbrough, Cleveland, TS72
£77510/240.72 miThe Grove, Marton2
£80010/240.72 miThe Grove, Marton2
£80010/240.72 miThe Pines, The Grove, Marton2
£80004/250.82 mi-2
£82510/240.9 mi-2
£75012/240.93 mi-2
£65005/240.96 mi-2
£69507/241 mi-2
£75012/241 mi-2
£60505/241.11 mi-2
£65010/241.15 miMayfair Avenue, MIDDLESBROUGH2
£57510/241.2 miMarton Road, Middlesbrough2

Local Area Statistics

Population in TS4

16,950

Population in Middlesbrough

189,245

Town centre distance

1.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+47%

Sales demand

Seller's market

Capital growth (5yrs)

-3%

Property History

Listed for £65,000

August 30, 2024

Sold for £63,500

2007

Sold for £45,000

2005

Sold for £19,500

2003

Sold for £22,000

2003

Description

  • Superb Investment opportunity +
  • Two bedroom upper floor apartment +
  • To be sold with a tenant in situ +
  • Double glazing +
  • Gas central heating system +
  • Lounge and kitchen +
  • Excellent yield with rental income of £495-£550pcm +

We are delighted to bring to the market this two bedroom upper floor bedroom close to the James Cook University Hospital. Offering accommodation comprising communal entrance hall, hallway, lounge, kitchen, two bedrooms and a bathroom. In addition there is double glazing together with a gas central heating system. Please note that this property is to be sold with a tenant in situ. With potential letting income of £500-£550pcm. TENURE IS LEASEHOLD. COUNCIL TAX BAND IS A. EPC RATING IS D.

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.

MID240408/2

Agent Details

Reeds Rains, Middlesbrough

01642 056928

Next Steps?

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