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Cradley Drive, Middlesbrough

North East

£260,000

Listed on 20/07/2026

Property details

Bedrooms
3
Type
Semi Detached Bungalow
Area
1237 sqft

Description

This three-bedroom bungalow, located in a sought-after residential area of TS5, presents a valuable opportunity for renovation enthusiasts and investors interested in making improvements to enhance its appeal. The property requires modernization throughout, allowing prospective buyers to tailor the space according to their preferences and potentially increase its market value. The home comprises an entrance hallway, a spacious lounge with a bay window, a fitted kitchen/diner equipped with bi-fold doors leading to the rear garden, three well-sized bedrooms, and a family bathroom. A notable feature is the external space which includes a rear garden ideal for outdoor activities or entertaining guests, complemented by off-street parking and access to a detached garage at the front. With local amenities, transport links, and reputable schools nearby, this bungalow is perfectly positioned for a variety of buyers looking for a project with substantial potential.

Investment analysis

(TS5 area)

Above Market Value

This property is priced +23.9% above area average per sq ft

+23.9%
This Property
£210/sq ft
Area Average
£170/sq ft
Avg Rent (weekly)
£179
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£230,775
10% above area average per sq ft
Potential ROI
-23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TS5)

Area prices are stable by -0.6% over the last 12 months
3 year growth: +6.1%
5 year growth: +10.0%
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

Cradley Drive, Middlesbrough
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£982
Based on a loan of £195,000 over 30 years at 4.45% 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.

Stamp duty calculator

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