Potential 4-Bed HMO, Middlesbrough, TS1 4LH, £77,500

Tennyson Street, Middlesbrough, North Yorkshire, TS1 4LH - 110 views - 6 months ago

Under Offer
HMO
ROI: 30%
~93 m²
+10 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (26%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Room Rate

£392

Gross Rent

£1,568

Running Costs/mo

£980

Cashflow/mo

£588

Cashflow/yr

£7,056

ROI

30%

Gross Yield

24%













Property History

Price changed to £77,500

December 4, 2024

Listed for £80,000

October 10, 2024

Description

  • Possible HMO subject to planning +
  • Large three-bedroom terraced property +
  • Central location +
  • Project property +
  • Available now +

Magnum Properties are proud to present this 3 bedroom terraced house in Middlesbrough.

A fantastic investment opportunity! This spacious three-bedroom terraced property, ideally located near Teesside University, offers excellent potential as a student or family let. With a competitive price and ample scope to increase value, it's perfect for buyers looking for a rewarding project.

The property benefits from double glazing, and has ample on street parking available outside.

Excellent transport connections can be found from the A19, A66 and Middlesbrough train station. This exciting opportunity should not be missed.

Summary:

Large three-bedroom terraced property
Available now
Project property
Possible HMO subject to planning
Central location
Viewings:

Should you require any further information, or would like to arrange a viewing, please contact Magnum Properties.

Agent Details

Magnum Properties Ltd, Middlesbrough

01642 056337

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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