Victoria Road, Middlesbrough, TS1
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
5
- BATHROOMS
2
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Student Rooms
- Bills Included
- Close to Teesside University
Description
For Sale: Attractive 5-Bedroom HMO Property in Middlesbrough.
Property Overview:
Discover an exceptional investment opportunity with this attractive 5-bedroom House in Multiple Occupation (HMO) located in the heart of Middlesbrough. This well-maintained property is ideally situated within easy walking distance of Teesside University, making it a prime choice for student accommodation.
Key Features:
5 Spacious Bedrooms: Each room is well-furnished, providing a comfortable living space for tenants.
Licensed and Tenanted: The property is fully licensed to the current owner (not transferrable), but with 'grandfather rights' for the new owner and is currently tenanted with students, ensuring immediate rental income for the new owner.
Turnkey Investment: This HMO is a hassle-free investment, ready for you to take over without the need for any immediate renovations or updates.
Prime Location: Located within a short walking distance to Teesside University, the property enjoys high demand from students and young professionals.
Modern Amenities: The property is equipped with modern amenities, including a fully fitted kitchen, communal living spaces, and updated bathrooms.
Investment Potential:
This property presents a fantastic opportunity for investors looking to expand their portfolio in the thriving student rental market of Middlesbrough. With a proven rental history and high occupancy rates, this HMO is a lucrative addition for any investor.
Victoria Road (estimated financial figures at asking price):
Asking Price: £155,000
Gross Rental Income: £24,000 per year, £2000 per month
Gross Yield: 15.48%
Viewing Arrangements: Please view the virtual tour, then contact us if you would require an in-person viewing. Please note the tenants must have a minimum of 24hrs notice before any viewing.
To truly appreciate the appeal and potential of this property, viewings are highly recommended.
Contact us today to schedule a viewing or for more information about this outstanding investment opportunity.
Price: OIRO £155,000
Don't miss out on the chance to secure this fantastic HMO property in a prime location!
Currently 3 out of 5 rooms are tenanted to student tenants paying £400 per room per month (bills inclusive).
Castle Homes also manage the property and the tenancies for the vendor. Please discuss our HMO management as we'd be happy to continue to manage this lovely property.
Disclaimer: Photos taken August 2023 when the property was last completely empty. Inspections are carried out regularly.
Grandfather Rights - please carry out your own due diligence on licensing with Middlesbrough Council.
EPC Rating: D
Bedroom 1
Double bedroom, furnished with double bed and mattress, desk and chair, wardrobe with drawers. Blinds at the window.
Measures - see floor plan.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Victoria Road, Middlesbrough, TS1
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 43f35748-ce59-4759-b199-42701c9c035d. 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 Castle Homes Property, Darlington. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.