Joseph Harris are pleased to offer this fully licensed six-bedroom, five-bathroom HMO, situated in a prime location on Albert Road, Middlesbrough. This property comes with planning security through grandfather rights and situated within a stones throw of Teesside University / Town Centre.

This property is perfectly positioned just one minute's walk from Teesside University, making it the ideal choice for students and young professionals. Its central location ensures high rental demand year-round. In addition, the property is only a short distance from Middlesbrough town centre, Cleveland Centre shopping mall, supermarkets, cafes, and leisure facilities.

With Middlesbrough Train Station, major bus routes, and quick access to the A66 and A19, residents enjoy excellent transport links across Teesside.

A Strategic Investment Opportunity

For investors, Albert Road presents an extraordinary opportunity to acquire a fully compliant and income-producing HMO with grandfather rights (HMO planning permission granted in 2011). With a strong gross rental yield of 12.2%, this property represents both immediate returns and long-term growth potential.

The property is currently producing a gross rental income of £2,951.54 PCM (£35,418.48 PA), with all rooms tenanted and scope to review rents in future. Its location and compliance make it a low-risk, high-demand investment with minimal voids.

Property Features:

- Type: Licensed 6-Bed, 5-Bath HMO (with grandfather rights - HMO planning permission granted in 2011)
- Layout: Six fully let bedrooms, five bathrooms (Rooms 5 & 6 share an ensuite), communal kitchen, and shared living spaces
- Rental Income: £2,951.54 PCM / £35,418.48 PA (gross)
- Occupancy: Fully tenanted - immediate income on completion
- Location: Prime central Middlesbrough, just 1 minute walk to Teesside University, close to shops, cafes, and Middlesbrough town centre
- Transport Links: Excellent access to Middlesbrough Train Station, major bus routes, and direct road connections to the A66 and A19
- EPC Rating: Rated D (58) with potential to increase to C (77)

Council Tax Band: B
Tenure: Freehold