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Princes Road, Middlesbrough, TS1

Mid Terrace House | Sale

Beds:
5
Baths:
5

Details

5 BED, 5 BATH STUDENT HMO FREEHOLD TERRACED HOUSE LOCATED NEXT TO TEESSIDE UNIVERSITY CURRENTLY GENERATING 13% YIELD! ALREADY LET FOR THE UPCOMING 2024/25 ACADEMIC YEAR WITH INCREASED RENT!

Mr Investa present this fantastic buy-to-let investment opportunity with this spacious and centrally located 5 bed terraced house. Generating immediate income and tenants signed up for 2024/25 - this will make a perfect addition to an existing investment portfolio or for first time investors alike.

Located in the heart of Middlesbrough City Centre, students have the convenience of shops, bars, cafes and restaurants all within a short walking distance. Teesside University is just a 2 minute walk up the road and there are excellent public transport services to easily get around the city, as well as convenient access to Middlesbrough Train Station to commute further.

The property has been tastefully upgraded to create modern city living and each bedroom has the luxury of their own ensuite shower room which is a huge selling point for both landlords and student tenants.

With accommodation over 2 levels, briefly the property comprises; entrance hallway, living room, fitted kitchen, 5 bedrooms and 5 bathrooms.

Financial Performance For 2024/25 Academic Year Rental Income: Room 1: £520pcm Room 2: £455pcm Room 3: £500pcm Room 4: £500pcm Room 5: £520pcm

Total Gross Rental Income: £29,940 per annum Gross Yield: 13.3%

We would estimate that after utility bills and lettings management fees the NET rental income is £23,000 which would provide an investor with a 10.2% NET Yield.

The property is currently self-managed by the vendor to keep costs down.

Tenure: Freehold

This high yielding property is not one to be missed. Call us now for more information.

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.


Map Details


Realtor

Ryan Hughes

Estate Agent

Contact Ryan

Will Crane

Estate Agent

Contact Will