Brand New Refurbished Turnkey Investment | Deacon Street, TS3 | 10.58% Gross Yield
Purchase Price: £84,995
Rental Income: £750 PCM | Total Annual Income: £9,000
If you are looking for a completely stress free asset with zero renovation work required, this property on Deacon Street in Middlesbrough is an ideal addition to your portfolio. This mid terrace home has been fully refurbished from top to bottom, offering an entirely brand new finish that will immediately attract high quality tenants and command premium rental rates for the area.
The Layout and Space
The property features an intelligent and versatile configuration that is perfect for a modern family or professional sharers:
Ground Floor: Comprises a spacious and bright lounge living room along with one ground floor bedroom, a modern kitchen, and a family bathroom.
First Floor: Holds two further well proportioned bedrooms, giving the property a total of three bedrooms overall.
The Financials
The investment numbers are rock solid and fully verified:
Current Rental Income: £750 PCM
Annual Rental Revenue: £9,000 per year
Gross Yield: A very strong 10.58 percent based on the realistic list price.
Why Invest in TS3?
Zero Capital Expenditure: Because this asset is literally brand new inside, you will have no maintenance or repair bills to worry about for years to come. It is the ultimate hands off rent and collect model.
Strong Local Demand: Situated in a busy rental pocket of Middlesbrough, this property benefits from excellent proximity to local schools, shops, employment hubs, and central transport links.
Accessible Entry Point: Priced under £85,000, this is a highly accessible freehold purchase that allows you to secure double digit yields with a relatively low initial capital outlay.
This is a clean, straightforward property that allows you to skip the stress of a refurbishment project and step straight into immediate cash flow.
Turnkey properties in this condition do not sit on the market for long. Get in touch today for more details or to arrange an immediate viewing.
Interested in this property? Get in touch with our team.
