Properties For Sale
Sold STC
£165,000
Offers in Region of
33, Gresham Road, Middlesbrough
Exceptional 6-Bed HMO near Teesside University, Middlesbrough. Turn-key investment with 5 tenanted rooms, fully furnished, ensuite, selective licence. Gross yield 16.36%. A prime location for students and professionals. Must-see opportunity! Contact Castle Homes for a virtual tour.
6
3
Exceptional 6-Bedroom HMO Near Teesside University
Location: Gresham Road, TS1 Middlesbrough,
Overview:
We are delighted to present a fantastic opportunity to acquire a well-established 6-bedroom House in Multiple Occupation (HMO) located just a stone's throw away from Teesside University. This property is ideal for investors looking for a turn-key investment with a strong rental yield.
Key Features:
Six Double Bedrooms: The property boasts six generously sized double bedrooms, ensuring ample space and comfort for tenants.
Selective License: A selective license is already in place, making this an excellent investment opportunity with compliance assured.
Fully Furnished: All rooms are fully furnished, providing a hassle-free transition for new tenants.
Ensuite Bedroom: One of the six bedrooms features an ensuite bathroom, adding value and appeal to potential renters.
Shared Facilities: The property also includes two shared shower rooms, catering to the needs of all tenants.
Current Tenancies: Five of the six bedrooms are currently tenanted, ensuring immediate cash flow for the new owner.
Investment Highlights:
Turn-Key Investment: With existing tenants and fully furnished rooms, this property is ready to generate income from day one.
5 rooms are currently tenanted on bills inclusive tenancy agreements. Rents ranging from £425 to £500 per month.
Gresham Road (estimated financial figures at asking price):
Asking Price: £165,000
Gross Rental Income: £27,000 per year, £2,250 per month
Gross Yield: 16.36%
Prime Location: Situated close to Teesside University, this HMO is perfectly positioned to attract students and young professionals seeking convenient accommodation.
Must Be Seen:
This property is a must-see for any serious investor or potential landlord. Don’t miss the chance to secure this incredible
investment opportunity in a thriving area.
Viewing Arrangements:
Virtual tour is available. Please view this in the first instance. For further details or to arrange a viewing, please contact Castle Homes.
Take advantage of this rare opportunity to own a well-maintained HMO with excellent rental potential in a sought-after location. Act fast, as properties like this do not stay on the market for long!
Disclaimer: Photos as of May 2024 when property was first let.
Disclaimer - 'Grandfather rights' for selective license would need to be checked with your due diligence. The current owner has a valid HMO license for this property as a 6 bedroom HMO. License can not be transferred.
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective tenant.
What Our Clients Say About Us
We’re proud to be trusted by landlords, tenants, buyers and sellers across the North East.