9 Rydal Avenue, Grangetown, Middlesbrough TS6 7QG

Description

A wonderful opportunity to acquire this two bedroom semi detached house offered for sale with a good sized plot in this residential area of Middlesbrough. The property is sold with the benefit of an ongoing tenancy of £120 per week (£6,240 per annum), but there is an opportunity to add value to the property in a popular area of the City with strong rental demand. Ideal for investors and landlords.

Accommodation

Entrance Hall; Lounge; Dining Kitchen; WC; Bedroom 1; Bedroom 2; Family Bathroom. Outside: Gardens to front and rear.

Location

The property is situate on Rydal Avenue, Grangetown, Middlesborough, a popular and central residential area of the City of Middlesborough, near the centre with a wide range of facilities and amenities all within easy reach and supported by excellent public transport links.

Tenure / Property Information

Investment Analysis

Same-property completed sales were £39,999 in December 2024 and £44,000 in March 2025. A £100,000 sale for another semi-detached property on Rydal Avenue is a higher, less directly comparable reference. Base GDV is therefore £44,000, with a broad evidence-supported range of £40,000–£100,000, although the upper scenario is weakly supported.

Investment Snapshot

Strategy Recommendation

Investigate as a tenanted BTL purchase, subject to satisfactory tenancy, legal-pack, condition and compliance checks. Do not rely on the high £100,000 scenario without stronger comparable evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Verify condition, tenancy terms, compliance and any required works through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £44,000 base GDV, 75% refinancing is approximately £33,000. The guide plus the known £3,600 admin charge is £18,600 before unknown disbursements, works and finance costs. Refinance feasibility and cash left in cannot be reliably established without those figures and lender-specific terms.

Buy-to-Let Analysis

The existing tenancy produces £120 per week, or £6,240 annually, equivalent to £520 pcm. Against the £15,000 guide this is a 41.6% gross yield before fees, costs, finance, maintenance and voids. The tenancy agreement, rent payment history and legal compliance require verification.

Flip Analysis

The base GDV is £44,000, but refurbishment costs, selling costs and other acquisition disbursements are unsupported. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Existing tenancy terms, arrears status and possession position are not provided.

• Property condition and any required works are not evidenced.

• £3,600 admin charge is known, but disbursements and other special-condition costs are unknown.

• The £100,000 comparable is for a different property and may not represent this asset's value.

• Gross yield calculations exclude operating, finance, maintenance, void and compliance costs.

Recommendation

Investigate as a tenanted BTL purchase, subject to satisfactory tenancy, legal-pack, condition and compliance checks. Do not rely on the high £100,000 scenario without stronger comparable evidence.

Strategy Rating

Analysis Confidence

There are two recent completed sales for the property and a stated passing rent, but no condition, refurbishment, external rental, legal-pack or full-cost evidence.