Albert Road, Middlesbrough, North Yorkshire, TS1
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- SIZE
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- 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
- FULLY LICENSED SIX- BED HMO
- PRIME LOCATION
- TENANTS IN SITU
- GRANDFATHER RIGHTS
- ONE MINUTE WALK TO TEESSIDE UNIVERSITY
- GREAT ACCESS LINKS
- CLOSE TO LOCAL AMENITIES
- GROSS YIELD: 12.2% (before costs).
- EPC RATED D
- COUNCIL TAX BAND B
Description
Prime Location
This property is perfectly positioned just one minute's walk from Teesside University, making it the ideal choice for students and young professionals. Its central location ensures high rental demand year-round. In addition, the property is only a short distance from Middlesbrough town centre, Cleveland Centre shopping mall, supermarkets, cafes, and leisure facilities.
With Middlesbrough Train Station, major bus routes, and quick access to the A66 and A19, residents enjoy excellent transport links across Teesside.
A Strategic Investment Opportunity
For investors, Albert Road presents an extraordinary opportunity to acquire a fully compliant and income-producing HMO with grandfather rights (HMO planning permission granted in 2011). With a strong gross rental yield of 12.2%, this property represents both immediate returns and long-term growth potential.
The property is currently producing a gross rental income of £2,951.54 PCM (£35,418.48 PA), with all rooms tenanted and scope to review rents in future. Its location and compliance make it a low-risk, high-demand investment with minimal voids.
Property Features:
- Type: Licensed 6-Bed, 5-Bath HMO (with grandfather rights - HMO planning permission granted in 2011)
- Layout: Six fully let bedrooms, five bathrooms (Rooms 5 & 6 share an ensuite), communal kitchen, and shared living spaces
- Rental Income: £2,951.54 PCM / £35,418.48 PA (gross)
- Yield: 12.2% gross based on £290,000 purchase price
- Occupancy: Fully tenanted - immediate income on completion
- Location: Prime central Middlesbrough, just 1 minute walk to Teesside University, close to shops, cafes, and Middlesbrough town centre
- Transport Links: Excellent access to Middlesbrough Train Station, major bus routes, and direct road connections to the A66 and A19
- EPC Rating: Rated D (58) with potential to increase to C (77)
Viewings:
For more information or to arrange a viewing, please contact Magnum Properties and speak with our Residential Team.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Albert Road, Middlesbrough, North Yorkshire, TS1
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About Magnum Properties Ltd, Middlesbrough
144 Linthorpe Road, Middlesbrough, TS1 3RA
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Visit our security centre to find out moreDisclaimer - Property reference 143AlbertRoad. 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 Magnum Properties Ltd, 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.
*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.
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