60, Stratford Crescent, MIDDLESBROUGH, Cleveland, TS5 4PQ

Description

Freehold mid terrace house

Accommodation

First floor: Three bedrooms, bathroom/wc. Ground floor: Reception room, kitchen. Outside: Rear yard.

Location

The property is located on Stratford Crescent. Shopping amenities can be found locally within Middlesbrough Town Centre to the north. Public transport links are available at Middlesbrough Train Station and James Cook Train Station to the east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A19 to the west and A66 to the north. Recreational pursuits can be found at Westbourne Park lying to the south.

Tenure / Property Information

Investment Analysis

Same-street sold evidence ranges from £70,000 to £104,000, with the latest comparable at £87,000 on 21 February 2025. The £87,000 figure is used as the base GDV, with £72,500 and £104,000 used as evidence-supported lower and upper scenarios. Condition, parking and heating are not confirmed, so the appropriate market value remains subject to inspection.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a BTL appraisal at or near the guide, subject to confirming condition, achieved rent, legal special conditions and all completion costs. Do not bid on a flip or BRRR basis without an inspection-led works budget.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection-led works only; no reliable refurbishment budget can be established from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £87,000 base GDV, a 75% refinance is approximately £65,250. Against the £55,000 guide plus the known £1,800 documentation fee, this leaves £8,450 before refurbishment, finance, tax and any seller fees. Because works and total acquisition costs are unknown, the cash requirement and BRRR viability cannot be confirmed.

Buy-to-Let Analysis

The single rental listing indicates an advertised asking rent of £500 pcm, equivalent to £6,000 annually. Against the £55,000 guide, this produces a gross yield of approximately 10.91%, before the £1,800 contract documentation fee, any seller fees, maintenance, voids, management, finance and tax. Yield on total cost cannot be established because refurbishment costs and any additional completion fees are unknown. The rent is advertised evidence, not an achieved passing rent.

Flip Analysis

The base resale value is estimated at £87,000, supported by the latest same-street sale. A flip surplus cannot be calculated because no condition-based works budget, selling allowance or complete acquisition cost is supplied. The range of comparables also indicates material valuation sensitivity.

Investor Risks & Due Diligence

• The £500 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Property condition is not evidenced, preventing a reliable refurbishment allowance.

• The seller may charge additional completion fees under the special conditions.

• Parking and heating details require confirmation.

• Comparable sale prices range materially from £70,000 to £104,000, creating GDV uncertainty.

• The documentation fee and any other acquisition costs reduce the headline guide-price yield.

Recommendation

Potentially suitable for a BTL appraisal at or near the guide, subject to confirming condition, achieved rent, legal special conditions and all completion costs. Do not bid on a flip or BRRR basis without an inspection-led works budget.

Strategy Rating

Analysis Confidence

There are several same-street completed sales, one rental asking listing and a known buyer documentation fee, but condition, achieved rent, refurbishment costs, parking, heating and possible seller fees are unconfirmed.