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House For Sale James Street, Middlesbrough, TS3

£150,000

1 of 1
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Key Features

  • 3.2 Acres (1.3 Hectares)
Last Updated: 15th December 2020

Description

The land is located on the northern edge of North Ormesby approximately 2 miles to the south east of Middlesbrough town centre. Middlesbrough is a town in the north east of England, situated on the south bank of the River Tees. Stockton on Tees is found approximately 5 miles to the west, with Newcastle upon Tyne 40 miles to the north.

The site is situated in a prominent location, close to Lawson Industrial Estate with a principal boundary to the north along the A66 main arterial road. The site is highly visible from the A66 and provides a gateway location into Middlesbrough and is adjacent to the award winning Trinity Crescent development and medical centre. There are excellent communication links, with the site positioned adjoining the A66 and within 11minutes drive of the A19 providing access throughout the North East. Middlesbrough Railway Station is just a ten-minute drive from the site and as reported will offer direct train travel to London in 2hr 45mins in the near future.

The site is circa 1.3 Hectares (3.21 Acres) in area and consists of a grassed site currently comprising the following on the site: a section of the national cycleway route to the northern boundary, foundations of a former road junction and middle beck within a culvert through the eastern part of the site.

The topography of the site is generally flat, however there are likely to be contamination issues given the former uses at the site. Map evidence reveals former uses including railway uses, timber yard and a backfilled clay pit. Abandoned foundations remain in the western part of the site.

We would recommend that prospective purchasers undertake further due-diligence in respect to ground conditions and all related issues.

Provisional guidance from the planning authority has stated that the form of development should be either all residential or all commercial, the latter likely including potential light industrial and warehouse uses, retail warehouse and trade counter uses. If you have any queries about the acceptability of alternative uses, please speak to the Council's Planning Service at: which will be happy to provide confidential, pre-application advice.
Agent Details
ALIGN PROPERTY PARTNERS LIMITED
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
0.0

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£4,500
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.8

Comparison with other investment alternatives

Investing in this property will give you a lower return, when compared to other conservative investments.
0

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
This is the potential achievable yield.
Potential Return-on-Cash Invested