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LARGE PROPERTY WITH GARAGE, OPPOSITE PARK, SUPERIOR LOCATION IN CENTRAL MIDDLESBROUGH, TS1 POSTCODE. This property is currently available for viewing and purchase. Buyers should submit their best and final offers directly to the legal owner of the property. Sales negotiation is conducted by the legal owner, not an estate agent. Before an offer is accepted, the buyer must provide proof of cash funds, evidence of source of funds, proof of identification and address, to the solicitor acting for the legal owner. This is a legal requirement and in adherence to anti-money laundering legislation...........................
The evidence proves this property is a good investment.
1. Zoopla states, "Parliament Road has 207 houses and flats on it with an average current value of £70,524, compared to an average property value of £64,413 for TS1".
With respect to this particular property on Parliament Road, Zoopla gives a higher estimated property value and higher price estimate due to its unique property features and its prime location. This is a larger than average end of terrace with garage, directly opposite a park, a short walk to plenty of local amenities, public transport, and the University. Zoopla current estimated property value is £83,000 to £92,000. Zoopla current price estimate is £87,000.
In January 2020, the Director of a reputable Estate Agency in Middlesbrough, who is a property expert with specialist knowledge and expertise in the valuation and the sale of properties on Parliament Road and in the TS1 postcode, valued this property at offers in excess of £80,000. The guide price, £80,000 to £90,000. There is evidence the Estate Agency Director is accurate in his property valuation. He accurately valued comparable property 14 Parliament Road at offers in excess of £80,000. Guide price £80,000 to £90,000. He sold the comparable property 14 Parliament Road for £86,000 in September 2019.
14 Parliament Road is a smaller end of terrace, modestly refurbished, with a smaller kitchen, overlooking the park. However, the comparable property is without a garage and adjoins to an alley gate where residents dump their rubbish and household waste. The comparable property was purchased by buy to let investors.
If this large end of terrace with garage was refurbished to a reasonable standard, the asking price would be higher than £98,000. The comparable property 10 Parliament Road, a small mid-terrace house without a garage, opposite the park, has the highest sold price at £98,000 in 2011 when house prices were low. The comparable property was purchased by a buy to let investor.
2. End of Terrace house has higher property value than the mid-terrace.
In the North East, end of terrace house is worth up to 9 per cent more than mid terrace. (Source: The Savills blog, 13 June 2016).
3. This house is larger and more spacious than the average size home in England and Wales.
The average size of a home in England and Wales is 90m2 (square metre). (Source: Office of National Statistics).
This larger than average size house has approximately 107.80m2 total floor area.
Tenants prefer a large property with plenty of living space. Large spacious airy rooms with high ceilings and plenty of storage space have higher rental value. In the 1980s and 1990s, under previous ownership, this property was a 5 Bedroom University student house with a high level of tenant demand.
4. A large house has a higher resale value than a smaller house.
Robert Gardner, chief economist at Nationwide Building Society said, home buyers are prepared to pay more for extra living space, as this was often associated with better quality accommodation.
In Middlesbrough, the property price is £1,120 per m2. (Source: Office of National Statistics).
A large property would appeal to investors and property developers. Converting a large property into apartments or more rooms is becoming more popular and can increase rental income and maximise profit on the sale.
5. In the TS1 postcode, most properties are without a garage.
In Central Middlesbrough, TS1 postcode, a property with garage is rare.
This property has a garage with an electric remote controlled door opening. Nationwide Building Society estimates a garage increases property value by over 11.1%
This garage provides a safe and secure place to park a large car. Also, the garage can be used as a storage room, utility room, work office, home gym, hobby room, or children′s playroom.
To increase property value and increase rental income, convert the garage into additional living space; a studio apartment, double bedroom with en-suite, reception room, or bathroom.
The buyer should contact Middlesbrough Local Authority to determine whether planning permission or building regulation approval is required for the development of this property, including internal structural alterations and changes to the use of the building.
6. Increase the resale value of this property by some interior refurbishment.
The comparable property 10 Parliament Road, a small mid-terrace house without a garage, opposite the park, has the highest sold price at £98,000 in 2011 when house prices were low. The comparable property was purchased by a buy to let investor.
Increase the rental value of this property by some interior refurbishment. This was a 5 Bedroom University student house under previous ownership in the 1980s and 1990s.
Rental income could be maximised further by property development. The large Kitchen Diner Lounge could be converted into 2 separate rooms. The garage could be converted into additional living space, a studio apartment, or another room.
7. This Victorian period house was built in about 1900. Research from Halifax shows from 1986 to 2011, period houses built before 1919 have risen in value by an average of 461%, significantly more than the average house price increase for all properties of 357%
This Victorian house is built like a fortress. A professional builder of new build homes, admired the superior quality build, solid brick construction and thick walls of this period property.
This Victorian period property has retained some of its original classic architectural features; high ceilings, ceiling cornices and covings, high skirting boards, original wooden floorboards, and spindle panelled staircase.
At property viewings, some buyers love the character, style, and ambience of this Victorian period house.
8. In Middlesbrough, most properties are not opposite a park.
This property is in a superior location in Central Middlesbrough, TS1 postcode. This property is directly opposite a park.
Parliament Road has 207 houses and flats. Only 21 properties are opposite the park. This property is situated at the superior part of Parliament Road, opposite the park.
Also, this property is a few minutes walk to Albert Park, 30 hectares of public green space with a boating lake, tennis courts, bowling greens, roller skating rink, and play areas.
Property near a park is popular with buyers.
Living within 100 metres of a public green space increases property prices by £2,500 on average, and living in a property with park views, increases house prices, even more, the Office of National Statistics reported on 14th October 2019.
9. As the property is close to plenty of local amenities and public transport, this increases the property value.
The property is a short walk to town shopping centre, shops, supermarkets, cafes, takeaways, restaurants, gyms, museum, art gallery, GP surgeries, dentists, schools, the University, and public transport.
10. As this is a unique property, a large end of terrace with garage, in a superior location in Central Middlesbrough, opposite the park and close to plenty of local amenities, there is no directly comparable property recently sold or on sale.
Comparable properties:
10 Parliament Road, a small mid-terrace house without a garage, opposite the park, has the highest sold price at £98,000 in 2011 when house prices were low. The comparable property was purchased by a buy to let investor.
More recently, 14 Parliament Road sold for £86,000 in September 2019. This smaller end of terrace, modestly refurbished, with a smaller kitchen, overlooks the park. However, the comparable property is without a garage and adjoins to an alley gate where residents dump their rubbish and household waste. The comparable property was purchased by buy to let investors.
In January 2020, the Director of a reputable Estate Agency in Middlesbrough, who is a property expert with specialist knowledge and expertise in the valuation and the sale of properties on Parliament Road and in the TS1 postcode, valued this property at offers in excess of £80,000. The guide price, £80,000 to £90,000. There is evidence the Estate Agency Director is accurate in his property valuation. He accurately valued comparable property 14 Parliament Road at offers in excess of £80,000. Guide price £80,000 to £90,000. He sold the comparable property 14 Parliament Road for £86,000 in September 2019.
11. Approximate Property Measurements.
Total floor area: 107.80 sq.m
Ground floor area: 67.05 sq.m
First-floor area: 40.75 sq.m
Reception Room 1
4.58m x 3.78m
Reception Room 2
3.40m x 2.87m
Kitchen Diner Lounge
5.86m x 2.98m
Garage
4.93m x 4.57m
Bedroom 1
4.57m x 3.89m
Bedroom 2
3.43m x 2.85m
Bedroom 3
4.45m x 2.97m
Thank you for your interest in this property.
Property Ref: 5826...
For viewing arrangement, please use 99home online viewing system.
If calling, please quote reference: 5826
GDPR: Applying for above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property related information. If you disagree, please write to us in the message so we do not forward your details to the vendor or landlord or their managing company.
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing on the sale.
General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99ome and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.
Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers or tenant to commission their own survey or service reports before finalizing their offer to purchase.
Disclaimer for virtual viewings : If you choose to make an offer based solely on a virtual viewing, then 99home Ltd does not accept any liability for errors in the
information provided, including but not limited to, measurements, photography and video content. Should you decide to make an offer on
a property, you accept that any representations made in relation to the property are based on virtual information provided by the
Vendor only. 99home is not responsible for this information or its accuracy. If in any doubt, you should make additional inquiries before
completion.
Disclaimer: 99home is the seller′s agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible.
Please inform us if you become aware of any information being inaccurate. Back to listing
Full details for 3 Bedroom End of Terrace For Sale in Middlesborough
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Description
Property Ref: 5826LARGE PROPERTY WITH GARAGE, OPPOSITE PARK, SUPERIOR LOCATION IN CENTRAL MIDDLESBROUGH, TS1 POSTCODE. This property is currently available for viewing and purchase. Buyers should submit their best and final offers directly to the legal owner of the property. Sales negotiation is conducted by the legal owner, not an estate agent. Before an offer is accepted, the buyer must provide proof of cash funds, evidence of source of funds, proof of identification and address, to the solicitor acting for the legal owner. This is a legal requirement and in adherence to anti-money laundering legislation...........................
The evidence proves this property is a good investment.
1. Zoopla states, "Parliament Road has 207 houses and flats on it with an average current value of £70,524, compared to an average property value of £64,413 for TS1".
With respect to this particular property on Parliament Road, Zoopla gives a higher estimated property value and higher price estimate due to its unique property features and its prime location. This is a larger than average end of terrace with garage, directly opposite a park, a short walk to plenty of local amenities, public transport, and the University. Zoopla current estimated property value is £83,000 to £92,000. Zoopla current price estimate is £87,000.
In January 2020, the Director of a reputable Estate Agency in Middlesbrough, who is a property expert with specialist knowledge and expertise in the valuation and the sale of properties on Parliament Road and in the TS1 postcode, valued this property at offers in excess of £80,000. The guide price, £80,000 to £90,000. There is evidence the Estate Agency Director is accurate in his property valuation. He accurately valued comparable property 14 Parliament Road at offers in excess of £80,000. Guide price £80,000 to £90,000. He sold the comparable property 14 Parliament Road for £86,000 in September 2019.
14 Parliament Road is a smaller end of terrace, modestly refurbished, with a smaller kitchen, overlooking the park. However, the comparable property is without a garage and adjoins to an alley gate where residents dump their rubbish and household waste. The comparable property was purchased by buy to let investors.
If this large end of terrace with garage was refurbished to a reasonable standard, the asking price would be higher than £98,000. The comparable property 10 Parliament Road, a small mid-terrace house without a garage, opposite the park, has the highest sold price at £98,000 in 2011 when house prices were low. The comparable property was purchased by a buy to let investor.
2. End of Terrace house has higher property value than the mid-terrace.
In the North East, end of terrace house is worth up to 9 per cent more than mid terrace. (Source: The Savills blog, 13 June 2016).
3. This house is larger and more spacious than the average size home in England and Wales.
The average size of a home in England and Wales is 90m2 (square metre). (Source: Office of National Statistics).
This larger than average size house has approximately 107.80m2 total floor area.
Tenants prefer a large property with plenty of living space. Large spacious airy rooms with high ceilings and plenty of storage space have higher rental value. In the 1980s and 1990s, under previous ownership, this property was a 5 Bedroom University student house with a high level of tenant demand.
4. A large house has a higher resale value than a smaller house.
Robert Gardner, chief economist at Nationwide Building Society said, home buyers are prepared to pay more for extra living space, as this was often associated with better quality accommodation.
In Middlesbrough, the property price is £1,120 per m2. (Source: Office of National Statistics).
A large property would appeal to investors and property developers. Converting a large property into apartments or more rooms is becoming more popular and can increase rental income and maximise profit on the sale.
5. In the TS1 postcode, most properties are without a garage.
In Central Middlesbrough, TS1 postcode, a property with garage is rare.
This property has a garage with an electric remote controlled door opening. Nationwide Building Society estimates a garage increases property value by over 11.1%
This garage provides a safe and secure place to park a large car. Also, the garage can be used as a storage room, utility room, work office, home gym, hobby room, or children′s playroom.
To increase property value and increase rental income, convert the garage into additional living space; a studio apartment, double bedroom with en-suite, reception room, or bathroom.
The buyer should contact Middlesbrough Local Authority to determine whether planning permission or building regulation approval is required for the development of this property, including internal structural alterations and changes to the use of the building.
6. Increase the resale value of this property by some interior refurbishment.
The comparable property 10 Parliament Road, a small mid-terrace house without a garage, opposite the park, has the highest sold price at £98,000 in 2011 when house prices were low. The comparable property was purchased by a buy to let investor.
Increase the rental value of this property by some interior refurbishment. This was a 5 Bedroom University student house under previous ownership in the 1980s and 1990s.
Rental income could be maximised further by property development. The large Kitchen Diner Lounge could be converted into 2 separate rooms. The garage could be converted into additional living space, a studio apartment, or another room.
7. This Victorian period house was built in about 1900. Research from Halifax shows from 1986 to 2011, period houses built before 1919 have risen in value by an average of 461%, significantly more than the average house price increase for all properties of 357%
This Victorian house is built like a fortress. A professional builder of new build homes, admired the superior quality build, solid brick construction and thick walls of this period property.
This Victorian period property has retained some of its original classic architectural features; high ceilings, ceiling cornices and covings, high skirting boards, original wooden floorboards, and spindle panelled staircase.
At property viewings, some buyers love the character, style, and ambience of this Victorian period house.
8. In Middlesbrough, most properties are not opposite a park.
This property is in a superior location in Central Middlesbrough, TS1 postcode. This property is directly opposite a park.
Parliament Road has 207 houses and flats. Only 21 properties are opposite the park. This property is situated at the superior part of Parliament Road, opposite the park.
Also, this property is a few minutes walk to Albert Park, 30 hectares of public green space with a boating lake, tennis courts, bowling greens, roller skating rink, and play areas.
Property near a park is popular with buyers.
Living within 100 metres of a public green space increases property prices by £2,500 on average, and living in a property with park views, increases house prices, even more, the Office of National Statistics reported on 14th October 2019.
9. As the property is close to plenty of local amenities and public transport, this increases the property value.
The property is a short walk to town shopping centre, shops, supermarkets, cafes, takeaways, restaurants, gyms, museum, art gallery, GP surgeries, dentists, schools, the University, and public transport.
10. As this is a unique property, a large end of terrace with garage, in a superior location in Central Middlesbrough, opposite the park and close to plenty of local amenities, there is no directly comparable property recently sold or on sale.
Comparable properties:
10 Parliament Road, a small mid-terrace house without a garage, opposite the park, has the highest sold price at £98,000 in 2011 when house prices were low. The comparable property was purchased by a buy to let investor.
More recently, 14 Parliament Road sold for £86,000 in September 2019. This smaller end of terrace, modestly refurbished, with a smaller kitchen, overlooks the park. However, the comparable property is without a garage and adjoins to an alley gate where residents dump their rubbish and household waste. The comparable property was purchased by buy to let investors.
In January 2020, the Director of a reputable Estate Agency in Middlesbrough, who is a property expert with specialist knowledge and expertise in the valuation and the sale of properties on Parliament Road and in the TS1 postcode, valued this property at offers in excess of £80,000. The guide price, £80,000 to £90,000. There is evidence the Estate Agency Director is accurate in his property valuation. He accurately valued comparable property 14 Parliament Road at offers in excess of £80,000. Guide price £80,000 to £90,000. He sold the comparable property 14 Parliament Road for £86,000 in September 2019.
11. Approximate Property Measurements.
Total floor area: 107.80 sq.m
Ground floor area: 67.05 sq.m
First-floor area: 40.75 sq.m
Reception Room 1
4.58m x 3.78m
Reception Room 2
3.40m x 2.87m
Kitchen Diner Lounge
5.86m x 2.98m
Garage
4.93m x 4.57m
Bedroom 1
4.57m x 3.89m
Bedroom 2
3.43m x 2.85m
Bedroom 3
4.45m x 2.97m
Thank you for your interest in this property.
Property Ref: 5826...
For viewing arrangement, please use 99home online viewing system.
If calling, please quote reference: 5826
GDPR: Applying for above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property related information. If you disagree, please write to us in the message so we do not forward your details to the vendor or landlord or their managing company.
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing on the sale.
General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99ome and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.
Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers or tenant to commission their own survey or service reports before finalizing their offer to purchase.
Disclaimer for virtual viewings : If you choose to make an offer based solely on a virtual viewing, then 99home Ltd does not accept any liability for errors in the
information provided, including but not limited to, measurements, photography and video content. Should you decide to make an offer on
a property, you accept that any representations made in relation to the property are based on virtual information provided by the
Vendor only. 99home is not responsible for this information or its accuracy. If in any doubt, you should make additional inquiries before
completion.
Disclaimer: 99home is the seller′s agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible.
Please inform us if you become aware of any information being inaccurate. Back to listing
