3 bedroom terraced house for saleRoss Street, Middlesbrough, Cleveland, TS1
Offers in Region of £42,950
- Expected Rental Income £ 4,680 per year
- Close to Tesside University
- High rental demand area
- 2 Beds
- 1 Large Reception Room
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.
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 %
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