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Gorsefields Court, Middlesbrough, TS6

North East

£60,000
Listed on 15/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
943 sqft

Description

This three-bedroom mid-terrace property presents a significant renovation opportunity in the North East. The home features generous living spaces, including a large lounge and a spacious kitchen diner, both of which are ready for modernisation. A ground floor W/C and a main bathroom upstairs await updates to enhance functionality and style. Each room offers the potential to reconfigure or redesign according to contemporary tastes, making this property ideal for investors looking to increase rental yield or homeowners eager to personalise their space. An enclosed rear garden adds additional value, while its proximity to Bankfields Primary School is advantageous for families seeking rental options. This is a project with considerable promise for those ready to transform it into their vision.

Investment Analysis

(TS6 area)

Below Market Value

This property is priced -58.8% below area average per sq ft

-58.8%
Potential saving
This Property
£64/sq ft
Area Average
£154/sq ft
Avg Rent (weekly)
£155
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£160,055
10% above area average per sq ft
Potential ROI
+68.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (TS6)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 7.4%
5 year growth: 25.6%
Investment Disclaimer: Analysis based on TS6 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

Gorsefields Court, Middlesbrough, TS6
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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
£220
Based on a loan of £45,000 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