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3 bed terraced house
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Our Summary
- 58% Gross Yield Purchase Price: £84,995 Rental Income: £750 PCM | Total Annual Income: £9,000 If you are looking for a completely stress free asset with zero renovation work required, this property on Deacon Street in Middlesbrough is an ideal addition to your portfolio
- This is a clean, straightforward property that allows you to skip the stress of a refurbishment project and step straight into immediate cash flow
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Description
This mid-terrace property on Deacon Street in Middlesbrough is a brand new refurbishment with a modern finish and entirely updated layout. The three-bedroom home features a spacious lounge, a modern kitchen, a family bathroom, and two further well-proportioned bedrooms. The property is configured for a modern family or professional sharers with an intelligent and versatile layout, and has a strong rental income of £750pcm and an annual rental revenue of £9,000, resulting in a gross yield of 10.58%.
The property has a freehold ownership and comes with zero capital expenditure or maintenance bills.