Gresham Road, Middlesbrough, North Yorkshire, TS1
MA

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
MarkerMarkerMarkerMarkerMarkerMarkerMarkerMarkerMarkerMarkerMarker
Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
276,950.00 £
Increased by 0.29 %
from 276,144.00 £
Average area rental value
598.00 £/mo
Increased by 11.78 %
from 535.00 £/mo
Est rental Yield
2.59 %
Increased by 11.64 %
from 2.32 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • Magnum Properties Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Ayresome Primary SchoolAcademy Sponsor Led0.32 KM
Sacred Heart Primary SchoolAcademy ConverterGood0.67 KM
Newport Primary SchoolFoundation SchoolGood0.78 KM
Teesside UniversityHigher Education InstitutionsOutstanding0.86 KM
St Edward'S Catholic Primary SchoolAcademy Converter1.24 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Harewood Street £ 90,00000.00 KM
Howe Street £ 72,50000.00 KM
Saint Aidan's Street £ 55,00000.00 KM
Ayresome Street £ 000.00 KM
Granville Road £ 129,97500.00 KM

Nearby Transport

NameNLCTLCDistance
Middlesbrough7929MBR1.45 KM
James Cook University Hospital9507JCH4.01 KM
Marton7947MTO5.39 KM
Billingham7910BIL5.99 KM
Thornaby7976TBY6.73 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gresham Road, Middlesbrough, North Yorkshire, TS1 £ 85,000BUY5 / 100.00 KM
Tennyson Street, Middlesbrough, TS1 £ 75,000BUY4 / 100.04 KM
Tennyson Street, Middlesbrough, North Yorkshire, TS1 £ 80,000BUYUnknown0.04 KM
Cobham Street, Middlesbrough £ 85,000BUY5 / 100.04 KM
Cobham Street, Middlesbrough £ 90,000BUY5 / 100.05 KM

Nearby Properties

AddressPriceDistance
26 Gresham Road £ 56,1430.00 KM
47 Tennyson Street £ 41,5000.04 KM
51 Tennyson Street £ 60,0000.04 KM
10 Parliament Road £ 98,0000.04 KM
4 Parliament Road £ 71,0000.04 KM