Princes Road, Middlesbrough, TS1
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
5
- SIZE
1,009 sq ft
94 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.
Freehold
Key features
- 13% Yield
- 5 Bedroom, 5 Bathroom Terraced House
- Student HMO
- Fantastic Layout Creating Modern City Living
- City Centre Location
- Convenient For Teesside University
- Excellent Public Transport Links
- Already Tenanted For Next Academic Year 2024/25
- Freehold
Description
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.
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.
Ask agent
Princes Road, Middlesbrough, TS1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station0.6 miles
- Marton Station2.5 miles
- Thornaby Station2.6 miles
About the agent
Mr Investa Ltd, Salford
Mr Investa, Blue Tower, MediaCityUK, M50 2ST
We offer a unique and bespoke service for Landlord to Landlord Sales.
Here at Mr Investa we understand that not ever investor is the same, not every seller or buyer have the same requirements.
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Visit our security centre to find out moreDisclaimer - Property reference MSN-68945510. 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 Mr Investa Ltd, Salford. 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.
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