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4 bedroom terraced house for sale

Princes Road, Middlesbrough

Withdrawn from Market £110,000

Property Description

Key features

  • GENERATING A GROSS ANNUAL RENTAL INCOME OF £19,240 (INCLUDES BILL PAYMENTS)
  • CURRENTLY LET OUT TO STUDENTS - ON A 52 WEEK CONTRACT BASIS
  • 3 BEDROOMS, LOFT CONVERSION & 2 RECEPTION ROOMS
  • MODERN KITCHEN, GAS CENTRAL HEATING & DOUBLE GLAZING
  • LOCATED CLOSE TO THE UNIVERSITY OF TEESSIDE & LINTHORPE ROAD

Full description

IN EXCESS OF A 10% YIELD! A SUPERB INVESTMENT OPPORTUNITY OFFERED FOR SALE ON A FULLY LET BASIS AND CURRENTLY GENERATING AROUND 20% RETURN (WITH THE DUTY TO PAY UTILITY BILLS OUT OF THIS). THE PROPERTY IS LOCATED CLOSE TO LINTHORPE ROAD, AND THE UNIVERSITY OF TEESSIDE. PROPERTIES OF THIS SIZE, AND ABILITY TO GENERATE THIS LEVEL OF RENT, ARE RARELY AVAILABLE. THERE IS POTENTIAL TO INCREASE THE RENTAL RETURN ALSO, DUE TO ONE ROOM BEING ON A REDUCED RENT. MORE DETAILS AVAILABLE ON REQUEST


More information from this agent

Listing History

Added on Rightmove:
14 October 2016

Floorplans

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Disclaimer - Property reference 7214348. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Eazymove Estate Agents, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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