3 Bed Flat, Single Let, Middlesbrough, TS5 6RP, £82,500

Aspen Drive, Middlesbrough, TS5 6RP - 2 views - 2 months ago

Leasehold
BTL
ROI: 16%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£55K - £315K
Sold Prices/m²£692/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£887/m²

Value Estimate

£103,125
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,625

Stamp Duty & Legal Fees

£3,675

Total Cash In

£24,300

 

 

Cash Out

 

Rent Range

£575 - £1,050

Rent Estimate

£748

Running Costs/mo

£427

Cashflow/mo

£321

Cashflow/yr

£3,847

ROI

16%

Gross Yield

11%

Local Sold Prices

21 sold prices from £55K to £315K, average is £105K. £692/m² to £2.7K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£240K03/210.29 mi27, Cornfield Road, Middlesbrough TS5 5QJ3
£118.5K12/220.56 mi8, Welburn Avenue, Middlesbrough TS4 2PP3
£113.5K07/230.66 mi12, Oriel Close, Middlesbrough TS5 5NJ3
£105K01/210.66 mi21, Oriel Close, Middlesbrough TS5 5NJ3
£118.5K12/211.51 mi56, The Ladle, Middlesbrough TS4 3SL3
£120K05/211.51 mi33, The Ladle, Middlesbrough TS4 3SL3
£120K05/211.51 mi33, The Ladle, Middlesbrough TS4 3SL3
£182K12/201.7 mi1, Swanage Close, Middlesbrough TS8 9NX3
£63K03/232.45 mi119, Dalcross Court, Hemlington, Middlesbrough TS8 9JE3
£75K03/232.57 mi37, Ainsworth Way, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9QB3
£155K03/232.65 mi25, Vernon Court, Stainton, Middlesbrough TS8 9DQ3
£55K10/222.72 mi46, Tedder Avenue, Thornaby, Stockton-on-tees TS17 9HX3
£140K02/212.74 mi11, Longbank Road, Ormesby, Middlesbrough, Redcar And Cleveland TS7 9EX3
£70K05/212.78 mi66, Anchorage Mews, Thornaby, Stockton-on-tees TS17 6BG3
£82K01/212.78 mi48, Anchorage Mews, Thornaby, Stockton-on-tees TS17 6BG3
£85K06/232.87 mi1, Shackleton Close, Thornaby, Stockton-on-tees TS17 0DW3
£78K06/212.89 mi40, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR3
£87.7K10/212.89 mi92, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR3
£83K06/222.9 mi34, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PR3
£78.5K11/202.92 mi91, Sun Gardens, Thornaby, Stockton-on-tees TS17 6PL3
£315K06/212.98 mi22, Crathorne Park, Middlesbrough, Redcar And Cleveland TS6 0JL3

Local Rents

16 rents from £575/mo to £1.1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£74503/250.12 mi-3
£80002/240.18 mi-3
£85010/240.2 mi-3
£57502/240.24 mi-3
£88010/240.33 mi-3
£76509/240.35 mi-3
£85003/250.48 mi-3
£80004/250.51 mi-3
£89510/240.52 miMarton Road, Middlesbrough,TS43
£75003/250.52 mi-3
£75003/250.52 mi-3
£1,05003/250.54 mi-3
£74502/250.55 mi-3
£85010/240.56 mi-3
£85003/250.58 mi-3
£99509/240.58 mi-3

Local Area Statistics

Population in TS5

39,387

Population in Middlesbrough

189,245

Town centre distance

1.74 miles away

Nearest school

0.20 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £82,500

February 12, 2025

Floor Plans

Description

  • Sold With No Chain +
  • Spacious Apartment +
  • Three Bedrooms +
  • Allocated Parking +
  • Close To All Amenities & Transport Links +
  • Convenient & Popular Location +

The Property
Welcome to this lovely 3-bedroom flat located in the heart of Middlesbrough. This property offers a perfect blend of style, comfort, and convenience. Step into the spacious open-plan lounge/dining area, where natural light floods through large windows, creating a bright and inviting atmosphere. The versatile layout allows for the seamless integration of living and dining spaces, making it ideal for both relaxing evenings and entertaining guests.

Adjacent to the lounge/dining area, you'll find a well-appointed separate kitchen, thoughtfully designed to cater to your culinary needs. It boasts ample storage, and sleek countertops, providing a functional and stylish space for preparing your favorite meals.

The flat comprises three generously sized bedrooms, each offering a peaceful retreat for rest and relaxation. The neutral color palette enhances the serene ambiance, while large windows allow for plenty of natural light to permeate the rooms.

Completing this fantastic property is a contemporary family bathroom, featuring elegant fixtures and fittings, creating a luxurious and refreshing space for your daily routines.

One of the standout features of this flat is the allocated parking, providing you with the convenience and peace of mind that comes with having a dedicated space for your vehicle.

Located in Middlesbrough, you'll benefit from easy access to a range of amenities, including shops, restaurants, and leisure facilities. The vibrant city centre is just a short distance away, offering an array of entertainment options.

Overall, this 3-bedroom flat presents a wonderful opportunity to experience modern living at its finest. Whether you're a growing family or a young professional seeking a spacious and well-designed home, this property is sure to exceed your expectations. Don't miss the chance to make it your own. Contact us today to arrange a viewing!

Property ownership information

Ground rent review period: Every 1 year

Service charge review period: Every 1 year

Lease end date: 11/04/2104

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Teesside

020 3889 9090

Next Steps?

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