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1 bed terraced house
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Sponsored — free quotes via ReallyMoving
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Our Summary
- High Yield Refurbishment Project | Wicklow Street, TS1 | 13 Percent to 16 Percent Yield PotentialPurchase Price: £65,000Potential Rental Income: £750 to £900 pcmIf you are looking for a high yield addition to your portfolio where you can add instant equity, this mid terrace property on Wicklow Street in Middlesbrough is an ideal choice
- Offered with vacant possession and already fully cleared, this property is a blank canvas ready for an investor to step in and maximise its value
- Easy 3 Bed Conversion: You can easily reconfigure the layout to create a 3 bedroom property, instantly increasing both capital value and monthly rental potential
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Description
The property is a mid-terrace house on Wicklow Street in Middlesbrough, with 2 bedrooms upstairs and 2 spacious reception rooms on the ground floor. It has a total of 3 rooms on the ground floor and has the potential to be easily converted into a 3-bedroom property. The property is ready for renovation, with a suggested refurbishment budget of around £7,000 to bring it up to a modern standard.
The property is located in a popular rental area, close to Teesside University, the town center, and main transport networks, making it a desirable location for tenants.