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Lewis Road, Middlesbrough, North Yorkshire, TS5

North East

£119,995
Listed on 02/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Nestled in the vibrant neighborhood of Linthorpe, this three-bedroom inner terraced home presents a compelling opportunity for those looking to invest or renovate. While the property does require some updating, its current condition reflects a price point that allows for various enhancement options and personal touches. The layout offers a practical flow, starting from the entrance hall that leads to both the lounge and dining areas. The living space features a double-glazed bay window at the front and an additional window at the rear, ensuring ample natural light throughout. With built-in shelving and a gas fire, this room can be easily transformed into a cozy gathering spot. The kitchen/breakfast room is functional as is but provides a blank canvas for modernization. It includes base units, a sink unit, and an access door leading to the rear garden—ideal for those looking to customize their cooking space further. Upstairs, you'll find three bedrooms, all fitted with double-glazed windows and radiators for comfort. The shared bathroom offers potential for upgrades that could significantly enhance your investment value. Outside, the property benefits from a forecourt at the front and a garden at the rear. Both spaces offer possibilities for landscaping or outdoor entertaining areas. This property enjoys good connectivity within Linthorpe and is also offered with no onward chain—making it an attractive choice for investors seeking to capitalize on renovation potential in a desirable area. Additionally, it falls under Council Tax Band A and is freehold, providing flexibility in ownership and future developments. With careful consideration of renovations, this home could become not just a living space but also an asset that appreciates over time in one of Linthorpe’s sought-after locations.

Investment Analysis

(TS5 area)
Area Average
£166/sq ft
Avg Rent (weekly)
£180
Avg Yield
5.0%

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
45
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TS5)

Area prices are rising by +8.0% over the last 12 months
3 year growth: 6.3%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TS5 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

Lewis Road, Middlesbrough, North Yorkshire, TS5
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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
£440
Based on a loan of £89,996 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