Gresham Road, Middlesbrough, North Yorkshire, TS1
By Magnum Properties Ltd
£ 85,000
Reviews
2 out of 5 stars
Magnum Properties Ltd says ..
Large three-bedroom terraced propertyAvailable nowProject propertyPossible HMO subject to planningCentral location
Property Oracle says ..
This three-bedroom terraced house on Gresham Road, Middlesbrough, presents a mixed bag of opportunities and challenges. Its location offers a significant advantage, situated near Teesside University, making it appealing for student rentals or those working at the university. Several primary schools are also within walking distance, broadening the potential buyer base. The property’s proximity to Middlesbrough town centre contributes to its convenience.
However, the condition of the property requires careful consideration. The provided images suggest a need for cosmetic renovations and modernisation. The carpets, walls, and furnishings appear dated, needing updates. While the kitchen and bathroom are functional, they too would benefit from a refurbishment. The small enclosed rear yard offers little in terms of usable garden space.
In terms of pricing, £85,000 seems relatively in line with comparable properties in the immediate area. However, the necessary renovations must be factored into any purchasing decision. Potential investors might see the value in the property’s location and the potential for rental income, offsetting the initial cost of improvements. For buyers looking for a move-in-ready property, however, it may not be the best option. A comprehensive survey is highly recommended before committing to a purchase.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 2
- Bedrooms
- 3
- Bathrooms
- 1
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Metrics Year-on-Year
- Average area value
- 276,950.00 £Increased by 0.29 %
- Average area rental value
- 598.00 £/moIncreased by 11.78 %
- Est rental Yield
- 2.59 %Increased by 11.64 %
- Crime Rate
- 11.00 %Unchanged by 0.00 %
Agent Activity
Magnum Properties Ltd created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Ayresome Primary School | Academy Sponsor Led | 0.32 KM | |
Sacred Heart Primary School | Academy Converter | Good | 0.67 KM |
Newport Primary School | Foundation School | Good | 0.78 KM |
Teesside University | Higher Education Institutions | Outstanding | 0.86 KM |
St Edward'S Catholic Primary School | Academy Converter | 1.24 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Harewood Street | £ 90,000 | 0 | 0.00 KM |
Howe Street | £ 72,500 | 0 | 0.00 KM |
Saint Aidan's Street | £ 55,000 | 0 | 0.00 KM |
Ayresome Street | £ 0 | 0 | 0.00 KM |
Granville Road | £ 129,975 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Middlesbrough | 7929 | MBR | 1.45 KM |
James Cook University Hospital | 9507 | JCH | 4.01 KM |
Marton | 7947 | MTO | 5.39 KM |
Billingham | 7910 | BIL | 5.99 KM |
Thornaby | 7976 | TBY | 6.73 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Gresham Road, Middlesbrough, North Yorkshire, TS1 | £ 85,000 | BUY | 5 / 10 | 0.00 KM |
Tennyson Street, Middlesbrough, TS1 | £ 75,000 | BUY | 4 / 10 | 0.04 KM |
Tennyson Street, Middlesbrough, North Yorkshire, TS1 | £ 80,000 | BUY | Unknown | 0.04 KM |
Cobham Street, Middlesbrough | £ 85,000 | BUY | 5 / 10 | 0.04 KM |
Cobham Street, Middlesbrough | £ 90,000 | BUY | 5 / 10 | 0.05 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
26 Gresham Road | £ 56,143 | 0.00 KM |
47 Tennyson Street | £ 41,500 | 0.04 KM |
51 Tennyson Street | £ 60,000 | 0.04 KM |
10 Parliament Road | £ 98,000 | 0.04 KM |
4 Parliament Road | £ 71,000 | 0.04 KM |