Investment Opportunity | 12% Potential Yield | TS1 Location
Asking Price: £69,950
(Representing 15% Below Market Value)
Discover a high-yield investment opportunity in the heart of Middlesbrough. This unique semi-detached property, featuring a distinctive stone-clad facade, is perfectly positioned for investors looking to capitalize on the thriving local rental market.
While the property requires a full refurbishment (including the kitchen, bathroom, and roof), it offers a solid foundation with essential modern upgrades already in place.
Property Highlights
Ready Essentials: Fully double-glazed windows and a reliable Combi gas central heating system.
Compliance: Recently passed EICR (Electrical Installation Condition Report), ensuring the electrics are up to standard.
Spacious Layout: Features an impressive 20ft master bedroom, a second single bedroom, and a ground-floor bathroom.
Dual Access: Two entry points provide excellent flexibility for future configurations.
Unbeatable Location
Situated in a prime rental pocket, this property is ideally located for both students and healthcare professionals:
Teesside University: Just a 5-minute walk away.
James Cook University Hospital: Within a 20-minute walk.
Development Potential
Whether you are looking for a straightforward flip or a long-term hold, the versatile layout offers multiple exit strategies:
Professional/Family Let: High demand in this area provides an estimated 12% Yield.
Student HMO: Potential to reconfigure into 3 en-suite student rooms.
Multi-Unit: Potential to convert into 2 self-contained apartments (subject to planning).
Interested in this property? Get in touch with our team.
