Kimberley Drive, Middlesbrough, TS3
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- 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
- Three-Bedroom Mid Terrace Property
- £700PCM Anticipated Rental Income
- 9.88% Gross Rental Yield
- Suitable for Traditional BTL or Social/Supported Accommodation
- Available for Social; paying £700PCM with no Maintenance, Management or Repairs
- Modern High Gloss White Kitchen
- Three Well-Sized Bedrooms
- Private Front and Rear Gardens with New Fencing
- Newly Fitted Grey Carpets Throughout
- Buyers Premium Fee Applicable
Description
This well-presented three-bedroom mid-terraced property is expected to achieve a rental income of approximately £700 per calendar month, equating to an impressive 9.88% gross rental yield based on the current asking price.
The property would also be well suited to social and supported accommodation, providing investors with an alternative rental strategy. Through Horizon Property Group, the property could generate £700PCM, with the arrangement offering the potential for no management costs and no landlord liability for routine maintenance or repairs.
Property Overview:
The ground floor comprises a welcoming entrance hallway, a spacious open-plan living and dining room, and a modern kitchen.
The living and dining area benefits from French doors opening directly onto the rear garden, creating a bright and versatile living space.
The kitchen is fitted with a contemporary white high-gloss finish, together with a standalone oven and washing machine.
Upstairs are three well-sized bedrooms and a modern family bathroom featuring a three-piece suite including a bath, contemporary fittings and neutral tiling.
The property has also benefited from a number of recent improvements, including newly fitted grey carpets throughout and brand-new blinds, giving the accommodation a fresh and modern finish.
Outside
The property benefits from private front and rear gardens, with brand-new fencing throughout, providing enclosed and private outdoor space.
A Flexible Investment Strategy
For investors seeking a straightforward Buy to Let, the property offers an attractive projected rental income of £700 PCM, with the current figures producing a 9.88% gross yield. With three bedrooms, low-maintenance recent improvements and multiple potential rental strategies, this property represents an attractive opportunity for both new and experienced property investors.
Buyers Premium Fee Applies
Brochures
Kimberley Drive, Middlesbrough, TS3- 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.
- Yes
- 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
Kimberley Drive, Middlesbrough, TS3
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