Borough Road, Middlesbrough, North Yorkshire, TS1
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
8
- BATHROOMS
5
- SIZE
1,905 sq ft
177 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Investment Opportunity
- Excellent Condition
- 8 Bedroom HMO
- Close to Public Transport
- Close to Teesside University
Description
The property currently generates a comfortable annual income of £37,728, equating to £3,144 per calendar month (Subject to all rooms been rented out), with bills included, offering immediate returns from day one.
The property is in very good condition throughout and has significant value-add potential, with scope to convert up to five bedrooms into ensuite rooms if desired. At present, Rooms 1, 2, and 6 already benefit from private ensuites.
On the ground floor, you are welcomed by a spacious entrance hallway, leading to Bedrooms 1 and 2, along with a high-quality kitchen finished with modern high-gloss units. To the rear of the kitchen is a separate utility room, complete with an additional WC, enhancing practicality for shared living.
The first floor continues the fresh and modern feel, housing Bedrooms 3, 4, 5, and 6, alongside two shower rooms and two separate WCs, all finished to a good standard.
The second floor comprises Bedrooms 7 and 8, completing the accommodation.
Key Investment Highlights:-
8-bedroom student HMO
Directly opposite the University
Annual income: £37,728 (£3,144 PCM)
Bills included
Existing ensuites with further conversion potential
High-gloss modern kitchen
Freshly painted throughout
Prime TS1 location
Strong student demand and instant income
This is a huge investment opportunity in one of the most sought-after student locations in Middlesbrough.
- 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.
- Residents
- 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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Borough Road, Middlesbrough, North Yorkshire, TS1
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