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3 bedroom terraced house for sale

Ross Street, Middlesbrough, Cleveland, TS1

Offers in Region of £42,950

Property Description

Key features

  • Expected Rental Income 4,680 per year
  • Close to Tesside University
  • High rental demand area
  • 2 Beds
  • 1 Large Reception Room

Full description

Tenure: Freehold

Secret Property are delighted to bring to the market this 2 bedroom investment opportunity situated in the much sought after rental location of Middlesbrough ( TS1 ).

The property offers sizable living accommodation and currently offers a very attractive rental yield.
The property has recently been refurbished to an extremely high standard and comes double glazed with central heating throughout, fitted kitchen and bathroom and a yard to the rear.

Teesside University

With the university expanding the area is seeing an influx of students looking for suitable, high standard accommodation.

Therefore, there is an opportunity to increase the annual income by renting the rooms on a room by room basis.

The prospective buyer can look to rent out the two bedrooms on single separate agreements and then look to utilise the large living room as a further bedroom.

This would give the investor 3 streams of income from a single property.

The average single room rate in this area is: 55 pw - 65 pw.

This could give an annual rental income of: 8,580 - 10,140

Giving rise to a yield between: 19.97 % - 23.60 %

More information from this agent

Listing History

Added on Rightmove:
24 November 2016

Map & Street View

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