2-bedroom bungalow · TS8 0XG
Listing removedListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** over 55's only *** shared ownership leasehold property *** 25% of the sale would be £45,000 *** Smith & Friends are delighted to offer to the market this immaculate two bedroom detached bungalow situated within a popular residential area in Coulby Newham and offered with no chain involved.
The deceptively spacious living accommodation briefly comprises; inviting entrance hallway, two double bedrooms, modern shower room, fitted kitchen and a spacious living room with access to the rear.
Externally to the front of the property is a well kept garden and driveway providing parking for 2 vehicles.
To the rear is a low maintenance garden, which is split level and fully paved, lined with mature shrubs and trees. Viewings come highly recommended to fully appreciate.
The buyer can purchase more shares simultaneously, in 10% minimum tranches, whilst purchasing the property up to 75% Lease term: 125 years from 1st January 1998 please speak to the office regardnig the full criteria.
Charges payable: The current annual charges payable to Home Group from 1st April 20 26 are £1610.34 and are broken down as follows: • Management charge – £328.77 • Insurance charge- £271.18 • Service charge - £200.39 • Reserve fund - £810.00 Rent is paid Monthly: • Rent- £308.14 The above charges are reviewed annually on 1 st April.
In accordance with the requirements of the Estate Agents Act 1979 and the The Property Ombudsman Code of Practice, we hereby give notice that the seller of this property is a close relative of an employee of Smith & Friends Estate Agents.
This disclosure is provided for transparency, and negotiations will proceed on the standard terms applicable to all clients and buyers.
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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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
Agent & docs
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FAQ
About 1, Barberry, Middlesbrough
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