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House For Sale Longlands Road, Middlesbrough, TS4

£450,000

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Last Updated: 19th December 2020

Description

DEVELOPMENT OPPORTUNITY IN LONGLANDS
Clarke Munro are delighted to have been given the opportunity to bring to the market this residential/commercial building plot.
Although expired, the plot had planning for a 92 Bedroom Student Housing Scheme and extends to approximately .0.33 Acres. This may be of interest to potential Student Landlord Investors but Subject to relevant planning consents could be used for Housing Associations for Low Cost Housing or commercially as a drive through. Being situated in Longlands the land is well placed for all local facilities plus close to Town Centre amenities. Good transport links to nearby A66 and commuting routes.
Agent Details
Thirlwells Estate Agents and Valuers
75 Borough Road, Middlesbrough, TS1 3AA
Show Contact Number
01642 245 796
**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:
£13,500
The governments recent policies, including lower taxes for this property price band will lead to potential future price growth.
7.6

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

These figures are for illustration purposes, please adjust for greater accuracy.
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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