129, Kildare Street, MIDDLESBROUGH, Cleveland, TS1 4RE

Description

Freehold two floor mid terrace house requiring modernisation. Arranged over ground and first floors. Gross Internal Area GIA approximately 72.5 sq m (780 sq ft).

Accommodation

First floor: Two bedrooms, shower room/WC. Ground floor: Through reception room, kitchen. Outside: Rear yard.

Location

The property is situated on Kildare Street between its junctions with Ayresome Street and Leinster Road. Public transport links include Middlesbrough mainline rail station and local bus services. Road links include the A66 and A19. Shopping amenities, cafes, bars and restaurants are available locally within Middlesbrough Town Centre and the Cleveland Centre retail area. Recreational pursuits are available at Albert Park and Ayresome Gardens.

Tenure / Property Information

Investment Analysis

Comparable sales on the same street range from £52,000 to £75,100. The most recent supplied sale, 117 Kildare Street, achieved £52,000 in February 2026. Allowing for the subject’s stated need for modernisation, an indicative HB range is £52,000–£72,000, with a base GDV estimate of £60,000. This is not a formal valuation and the comparable properties’ condition and specifications are not supplied.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a buy-to-let or value-add strategy only if inspection confirms limited modernisation costs and the purchase remains close to guide. Do not bid without establishing works, seller fees and likely achieved rent.

Works Required

Modernisation is required, but the evidence does not specify the condition or scope of works. A full inspection is needed before budgeting for kitchen, bathroom, decoration, flooring, services or other items.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £60,000 base GDV, 75% refinance would be an indicative £45,000. However, total acquisition and refurbishment cost cannot be calculated because the modernisation scope and cost are unknown. Cash left in and equity cannot therefore be reliably assessed.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £695 pcm, equivalent to £8,340 per year; it is not an achieved rent. Against the £30,000 guide, the headline gross yield is approximately 27.8%, before refurbishment, finance, management, maintenance, voids, tax and acquisition costs. The yield on total project cost cannot be established because refurbishment costs are not supplied.

Flip Analysis

The base GDV is estimated at £60,000 from same-street sold comparables. A flip surplus cannot be calculated because refurbishment costs and any selling allowance are unsupported. The £1,800 inclusive VAT contract documentation fee is known, while possible seller charges remain unspecified.

Investor Risks & Due Diligence

• The property is stated to require modernisation, but no detailed condition survey or works budget is supplied.

• The £695 pcm figure is an advertised asking rent rather than an achieved rent.

• The comparable sales vary materially in price and their condition and specifications are not supplied.

• Possible additional seller fees are only stated to be payable if included in the Special Conditions of Sale; the amount is unknown.

• Parking and heating information are not supplied.

• The auction guide is not a guaranteed purchase price.

Recommendation

Potentially suitable for a buy-to-let or value-add strategy only if inspection confirms limited modernisation costs and the purchase remains close to guide. Do not bid without establishing works, seller fees and likely achieved rent.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and one rental asking figure, but the subject’s condition, refurbishment costs, achieved rent, parking, heating and any seller fees are not evidenced.