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See how verdicts work2-bedroom house · TS3 6PJ
No longer listedListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well sized bow window fronted terraced property set within this central location within north ormesby.
The property has just been vacated by A long standing tenant so is requiring some freshening up, potential upgrading and minor repairs so is sensibly priced to reflect this (Please note the photos used are pre tenancy started).
The property has UPVC double glazing and gas central heating.
Previously let at £625 pcm the property offers superb potential of gross yields in the region of 12-13%+ depending on exactly what works are carried out.
North ormesby is A very strong buy to let area, on the outskirts of middlesbrough town centre close to the A66, A19, wilton industiral site, & also middlesbrough' shops, ameneties & the university of teesside amongst other.
Being sold with current vacant possession & no onward chain.
** A buyers premium is payable on purchasing this property ** Entrance Hall The property is accessed from the front elevation via a timber entrance door into the hall which provides access into the main Lounge Lounge A spacious reception room with UPVC bow window to the front elevation, a radiator, a staircase providing access to the first floor accommodation and an understairs cupboard housing the electric meter set beneath Dining Room A second reception room set to the rear of the property offering a radiator, a rear facing UPVC double glazed window Kitchen Set to the extreme rear of the property is the Kitchen which offers the opportunity for any purchaser to potentially re-design or choose a modern replacement of their choice.
The current Kitchen provides wall and base units with contrasting work surfaces set over inset with a sink and drainer unit and affording space for a washing machine and a cooker point.
There are tiled splash back areas and timber cladding to the ceiling. There is also a side facing UPVC double glazed window and a timber door to the rear allowing access out into the yard.
First Floor Landing Providing access to all first floor accommodation Bedroom 1 A spacious double Bedroom set to the front of the property offering front facing UPVC double glazed window and a radiator Bedroom 2 A further well-sized Bedroom set to the rear of the property offering a rear facing UPVC double glazed window and a radiator Bathroom Offering a white three piece suite Exterior A courtyard to the rear with outhouse and gated access to the communal alleyway beyond Additional Information 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. Buyers premium; A Buyers premium of £2,500 + VAT is payable by the successful purchaser on completion of purchase. Consult the office for further information 3.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
4. Measurements. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 5.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
6. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Progression Property (north east) ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 111, Thornton Street, Middlesbrough
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