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Longford Street, Middlesbrough

North East

£60,000
Listed on 24/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
850 sqft

Description

This property presents a chain-free opportunity for those looking to invest in a renovation project. Currently configured as a two-bedroom mid-terrace, it offers the potential to easily revert to a three-bedroom layout by relocating the door that connects the existing master bedroom to the adjacent room. The home requires comprehensive updating and modernization, making it an appealing prospect for buyers with a vision. It features an entrance hall, lounge, and kitchen on the ground floor, with two bedrooms and a bathroom upstairs. Given its location and investment potential, this property is ideal for someone ready to embark on a refurbishment journey.

Investment Analysis

(TS1 area)

Below Market Value

This property is priced -23.0% below area average per sq ft

-23.0%
Potential saving
This Property
£71/sq ft
Area Average
£92/sq ft
Avg Rent (weekly)
£129
Avg Yield
8.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£85,693
10% above area average per sq ft
Potential ROI
+0.8%
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

Longford 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
£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