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Bankfields Road, Middlesbrough, TS6

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

1

SIZE

549 sq ft

51 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Refreshed Two Bedroom First Floor Flat, Ready For Its Next Owner
  • Brand New Howdens Kitchen Creating A Fresh, Modern Finish
  • New Carpets And Flooring Fitted Throughout The Property
  • Freshly Decorated With A Clean, Move In Ready Feel
  • Previously Rented At £545 PCM, Producing An Approximate 13% Gross Yield
  • Leasehold With Approximately 90 Years Remaining On The Original 125 Year Lease
  • No Ground Rent Or Maintenance Charges, With Building Insurance At Just £115 Per Year and Sold With No Onward Chain

Description

Fresh, Turnkey And Ready To Get Straight To Work, This Two Bedroom Flat Has Had The Makeover And Comes With The Kind Of Numbers Investors Like To See. Head Up From The Private Entrance Hall And Stairs Into A Bright, Newly Decorated Home With Brand New Carpets And Flooring Throughout, A Brand New Howdens Kitchen, Two Bedrooms, Bathroom And A Light Filled Lounge. Previously Let At £545 Per Month, It Has Produced An Approximate 13% Gross Yield Based On A £50,000 Purchase Price, Giving This One Plenty Of Appeal As A Ready Made Rental Investment. Even Better, There Is No Ground Rent And No Maintenance Charge, With Annual Building Insurance Of Just £115 Arranged Through Beyond Housing. The Lease Has Around 90 Years Remaining And The Landlord Gas Boiler Inspection Is Valid Until September 2027, So Much Of The Important Detail Is Already In Place. Outside, There Is Access To A Shared Yard, Making This A Straightforward, Low Fuss Investment That Is Ready For Its Next Chapter.


EPC Rating: C

Hall

2.25m x 1.76m

Lounge

4.24m x 3.28m

Kitchen

3.47m x 2.41m

Bedroom 1

3.78m x 3.3m

Bedroom 2

2.53m x 2.31m

Bathroom

2.03m x 2m

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.
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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.
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Bankfields Road, Middlesbrough, TS6

Approximate location

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Affordability

Monthly repayments£249
Property: £ 50,000
Deposit: £ 5,000
Interest rate: 5.24%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About G.R. Estates, Normanby

8c High Street, Normanby, Middlesbrough, TS6 0JZ

G.R. Estates is an independent, local estate agents specialising in residential sales and lettings within Teesside. We strive to achieve our clients the best possible price for their property, whilst offering an exceptional, bespoke service for a fraction of the cost. We aim to provide a hassle-free experience from the start of your journey to the very end.

At G.R. Estates we can provide a service, personally tailored to suit each client needs, showcasing your property on the UK's most popular property portals. Through social media platforms Facebook & Instagram we aim to reach out to more potential buyers and provide further exposure for your property. At G.R. Estates we use state of the art technology and software to ensure our professional, high quality photography captures the best features of your home and digitally illustrated coloured floor plans to help potential buyers understand the layout of your property.

If you are thinking of selling your property within the Teesside area please do not hesitate to contact G.R. Estates to arrange your FREE, NO OBLIGATION valuation.

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Disclaimer - Property reference 8e386968-16c6-4882-9a86-d70b49dc1380. 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 G.R. Estates, Normanby. 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.