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St. Johns Close, Middlesbrough, North Yorkshire, TS4

North East

£70,000
Listed on 13/08/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom property presents a compelling opportunity for those looking to invest in a home with notable renovation potential. Situated within close proximity to Middlesbrough town center, the location offers excellent access to local amenities, making it appealing for both tenants and homeowners. The interior layout includes a spacious lounge that invites natural light and provides a comfortable area for relaxation. Adjacent to this space is a fitted kitchen that can be remodeled to enhance functionality and aesthetics. The two double bedrooms offer ample space, while the bathroom is ready for updates to suit modern preferences. Although the property requires refurbishment, it boasts desirable features such as gas central heating and double glazing throughout. These elements provide a solid foundation for improvement efforts. Externally, the property includes a private rear yard, which could be transformed into an outdoor retreat or entertainment space. Additionally, there’s access to a secured courtyard featuring a detached brick-built garage, adding further value and versatility. The surrounding area is characterized by high rental demand due to its proximity to Teesside University and efficient transport links, making this property particularly attractive for buy-to-let investors. Its potential for strong rental yields positions it as a valuable asset in any investment portfolio. In summary, this home not only offers essential living spaces but also serves as a canvas for those looking to invest in renovations that could significantly increase its market value over time.

Investment Analysis

(TS4 area)
Area Average
£137/sq ft
Avg Rent (weekly)
£189
Avg Yield
8.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (TS4)

Area prices are rising by +5.3% over the last 12 months
3 year growth: 0.7%
5 year growth: 16.8%
Investment Disclaimer: Analysis based on TS4 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

St. Johns Close, Middlesbrough, North Yorkshire, TS4
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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