16 Mapleton Drive, Hemlington, Middlesbrough, Cleveland, TS8 9NF

Description

A one bedroom first floor flat. The property forms part of a purpose built block and benefits from private access. In need of some modernisation. Vacant.

Accommodation

Ground Floor - Entrance Hallway. First Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on Mapleton Drive, accessed off Hemlington Hall Road. A range of amenities are available nearby on Viewley Centre Road and at the M Parkway Shopping Centre, with Middlesbrough town centre approximately 4.4 miles. Recreational amenities of Hemlington Lake, Maelor's Wood and Kell Gate Green are all easily accessible. Transport: Gypsy Lane - Northern. The source states that Middlesbrough is a town in North Yorkshire.

Tenure / Property Information

Investment Analysis

Recent completed sales on Mapleton Drive range from £40,000 to £50,000, with the two 2025 sales at £40,000 and £50,000. Allowing for the subject's stated need for modernisation, an indicative HB scenario range of £40,000–£50,000 is supportable, with £45,000 used as the base GDV. This is not a formal valuation and no size, service charge, lease terms beyond the proposed new lease, or detailed condition report was supplied.

Investment Snapshot

Strategy Recommendation

Potential value-led refurbishment or resale opportunity, but proceed only after reviewing the legal pack, confirming all buyer and seller charges, and obtaining a refurbishment budget. Do not rely on BTL economics until rent and leasehold costs are evidenced.

Works Required

Modernisation of the flat as required, based solely on the description. The evidence does not specify which elements require work or provide a costed schedule, so no refurbishment allowance is stated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV of £45,000, 75% refinance is £33,750. Total project cost cannot be calculated because refurbishment costs, buyer fees, seller charges, VAT and other acquisition costs are unspecified. Refinance viability is therefore unconfirmed.

Buy-to-Let Analysis

BTL cannot be properly assessed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating costs and cash flow therefore cannot be established. The flat is vacant and leasehold, with service charge and other lease costs unknown.

Flip Analysis

The completed-sales evidence supports an indicative base GDV of £45,000, with a £40,000–£50,000 scenario range. A flip surplus cannot be calculated because works, acquisition charges, VAT and selling costs are not supplied. The guide is £25,000, but the effective purchase cost may be higher because the buyer fee is unspecified.

Investor Risks & Due Diligence

• The buyer fee is unspecified and may materially increase the acquisition cost.

• Seller charges and VAT may apply under the Special Conditions of Sale.

• The property is stated to need modernisation, but the scope and cost of works are unknown.

• No sufficiently specific rental evidence is available, so rental yield and cash flow cannot be assessed.

• Leasehold service charges and other lease liabilities are not supplied.

• Council tax, parking and heating information are not supplied.

• The new 990-year lease and its full terms require legal-pack verification.

Recommendation

Potential value-led refurbishment or resale opportunity, but proceed only after reviewing the legal pack, confirming all buyer and seller charges, and obtaining a refurbishment budget. Do not rely on BTL economics until rent and leasehold costs are evidenced.

Strategy Rating

Analysis Confidence

Recent same-road completed sales provide useful GDV evidence, but rental evidence, refurbishment costs, service charges, council tax, parking, heating, buyer fees and seller charges are missing.