5 bed terraced house for sale

Victoria Road, Middlesbrough TS1

Description

For Sale: Attractive 5-Bedroom HMO Property in Middlesbrough.

Property Overview:

Discover an exceptional investment opportunity with this attractive 5-bedroom House in Multiple Occupation (HMO) located in the heart of Middlesbrough. This well-maintained property is ideally situated within easy walking distance of Teesside University, making it a prime choice for student accommodation.

Key Features:

5 Spacious Bedrooms: Each room is well-furnished, providing a comfortable living space for tenants.

Licensed and Tenanted: The property is fully licensed to the current owner (not transferrable), but with 'grandfather rights' for the new owner and is currently tenanted with students, ensuring immediate rental income for the new owner.

Turnkey Investment: This HMO is a hassle-free investment, ready for you to take over without the need for any immediate renovations or updates.

Prime Location: Located within a short walking distance to Teesside University, the property enjoys high demand from students and young professionals.

Modern Amenities: The property is equipped with modern amenities, including a fully fitted kitchen, communal living spaces, and updated bathrooms.

Investment Potential:

This property presents a fantastic opportunity for investors looking to expand their portfolio in the thriving student rental market of Middlesbrough. With a proven rental history and high occupancy rates, this HMO is a lucrative addition for any investor.

Victoria Road (estimated financial figures at asking price):
Asking Price: £155,000
Gross Rental Income: £24,000 per year, £2000 per month
Gross Yield: 15.48%

Viewing Arrangements: Please view the virtual tour, then contact us if you would require an in-person viewing. Please note the tenants must have a minimum of 24hrs notice before any viewing.

To truly appreciate the appeal and potential of this property, viewings are highly recommended.

Contact us today to schedule a viewing or for more information about this outstanding investment opportunity.

Price: Oiro £155,000

Don't miss out on the chance to secure this fantastic HMO property in a prime location!

Currently 4 out of 5 rooms are tenanted to student tenants paying £400 per room per month (bills inclusive).

Castle Homes also manage the property and the tenancies for the vendor. Please discuss our HMO management as we'd be happy to continue to manage this lovely property.

Disclaimer: Photos taken August 2023 when the property was last completely empty. Inspections are carried out regularly.
Grandfather Rights - please carry out your own due diligence on licensing with Middlesbrough Council.

Council Tax Band: A
Tenure: Freehold

Living Room (3.63m x 3.59m)

Downstairs living room. Communal room for all tenants.
Bay window with blinds.
Furnished with table and 4 chairs.
Small 2 seater sofa.
Houses the gas meter.

Bedroom 1 (3.63m x 2.90m)

Furnished double bedroom. With double bed and mattress, bedside table, desk and chair and double wardrobe.
Double glazed window with roller blind.
Radiator.
Grey carpet.

Kitchen (4.61m x 2.06m)

Galley kitchen with breakfast bar.
GCH boiler.
Back door.
Oven and hob.
Washing machine.
2 x fridge freezer.
Wall and base mounted cupboards.
Time o Stat central heating controller.

Bathroom (3.3m x 1.1m)

Bathroom with bath tub and overhead mixer shower.
WC

Basin.
Extractor fan.

WC

An additional, separate WC.

Bathroom (2.30m x 2.11m)

On the first floor is the second shower room, with shower enclosure, basin, wc and plenty of floor space for drying and dressing.

Bedroom 2 (3.74m x 3.02m)

Furnished double bedroom. With double bed and mattress, bedside table, desk and chair and double wardrobe.
Double glazed window with roller blind.
Radiator.
Grey carpet.

Bedroom 3 (4.83m x 3.13m)

Furnished spacious double bedroom. With double bed and mattress, bedside table, desk and chair and double wardrobe.
Double glazed window with roller blind facing the front of the house.
Radiator.
Grey carpet.

Bedroom 4 (3.61m x 2.62m)

Furnished double bedroom on the second floor. With double bed and mattress, bedside table, desk and chair and double wardrobe.
Double glazed window with roller blind. Sloping ceilings in places.
Radiator.
Grey carpet.

Bedroom 5 (4.45m x 3.13m)

Furnished double bedroom on the second floor. With double bed and mattress, bedside table, desk and chair and double wardrobe. Double glazed window with roller blind. Restricted headroom in places.
Radiator.
Grey carpet.