2-bedroom bungalow · TS17 9QP
Listing removedListed 213 days
Opportunity summary
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About
An excellent opportunity to purchase 75% shared ownership of this superbly presented two-bedroom end terrace bungalow.
Comprising porch, entrance hall, lounge, kitchen/breakfast room, two bedrooms and shower room. Outside there is a low maintenance rear garden with concrete patterned patio area.
Other features include gas central heating and UPVC double glazing. Criteria – • Applications should only made by prospective purchasers who have viewed the property and wish to proceed.
Shared ownership eligibility is: • Be 55 years or over.
• Not to have a household income over £80,000 per annum, up to and including £80,000 PA is permitted • Not to currently own a home • If a home is owned – this must be sold subject to contract and evidence is required.
• Not to be able to afford to purchase a home of this type in the current location without the assistance of shared ownership The above criteria are used to assess someone’s eligibility for shared ownership.
The second stage of the assessment is a financial assessment which must be undertaken.
Tenure - Leasehold Council Tax Band B GROUND FLOOR Entrance Porch ' Entrance Hall ' Kitchen Breakfast Room 4.17m x 2.29m Lounge 4.14m x 2.97m 5.46m reducing to 4.14m x 2.97m reducing to 2.3m Bedroom One 3.68m excluding wardrobe x 2.54m - 3.68m excluding wardrobe x 2.54m Bedroom Two 2.74m x 2.54m Bathroom 1.73m x 2.03m EXTERNALLY Garden Low maintenance rear garden with concrete patterned patio area and access gate.
Agent Note: A monthly service charge of £21.73 is payable to cover ground maintenance.
A further payment of £9.37 is payable each month to cover buildings insurance and an additional payment of £12.50 is payable each month to cover administration costs.
These charges are reviewed annually. Tenure - Leasehold Council Tax Band B AGENTS REF: MH/LS/ING260079/18032026
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
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FAQ
About Leahope Court, Thornaby
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