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Maple Street, Middlesbrough

North East

£70,000
Listed on 03/07/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
904 sqft

Description

This two-bedroom end-of-terrace property offers a promising opportunity for renovation and investment in the central Middlesbrough area. Located within walking distance of Teesside University and an array of local amenities, this home provides both convenience and potential for future development. The residence features a spacious layout with several levels, allowing for versatile living arrangements. The character of the property is evident in its original period details, which can be preserved or updated to enhance its appeal. Given the current condition, the home requires comprehensive modernization, making it an ideal project for investors or developers looking to capitalize on the booming rental market, particularly catering to students due to its proximity to campus. Internally, the accommodation includes ample living space with possibilities for conversion into additional bedrooms or separate units, pending necessary planning approvals. The end-terrace design also offers beneficial side access, a valuable feature when considering future improvements or expansions. The ground floor comprises a welcoming entrance hallway leading into both a reception room and a dining area, each presenting opportunities for redesign. The kitchen and shower room are functional but will benefit from updates to maximize their potentials. Upstairs, two bedrooms are complemented by an attic room that can serve various purposes—whether as further sleeping quarters or a creative workspace. With its prime location and renovation potential, this property not only presents an immediate project but also promises significant long-term value in an evolving market.

Investment Analysis

(TS1 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£77/sq ft
Area Average
£92/sq ft
Avg Rent (weekly)
£129
Avg Yield
8.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£91,137
10% above area average per sq ft
Potential ROI
-39.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (TS1)

Area prices are falling by +2.9% over the last 12 months
3 year growth: 5.5%
5 year growth: 37.4%
Investment Disclaimer: Analysis based on TS1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Maple Street, Middlesbrough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE