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2 bedroom terraced house for sale
22 Queen Street, Lazenby, Middlesbrough, Cleveland, TS6 8EA
£35,000
22 Queen Street, Lazenby, Middlesbrough, Cleveland, TS6 8EA
£35,000
Our Summary
- 67 + Vat For sale by unconditional online auction on the 26th of February 2025
- Investment Opportunity High-Yield Buy-to-Let (Social Housing) Property Description Property Overview Location: 22 Queen Street, Lazenby, Middlesbrough, Cleveland, TS6 8EA Property Type: 2-Bed Terraced House Bedrooms: 2 Bathrooms: 1 Tenure: Freehold Tenancy Status: Social Housing Lease in Place Until 2026 Investment Strategy: Buy-to-Let / Social Housing Key Features Social Housing Investment Guaranteed Income Until 2026 FRI (Full Repairing & Insuring) Contract Low Maintenance High Yield Investment with Strong ROI Secure Long-Term Tenant Through MEARS Social Housing Contract Low Risk, Hassle-Free Investment Opportunity Potential to Increase Rental Income to Market Rate Growing Rental Demand in the Middlesbrough Area Close to Key Transport Links, Local Amenities & Employment Hubs Current Investment Figures Asking Price: £53,000 Current Rental Income: £420 PCM / £5,040 PA Current Gross Yield: 9
- 88% Potential for Capital Growth: Medium Value-Add Potential: Rental Uplift to Market Rate Upon Lease Expiry Investment Strategy & Exit Options Buy-to-Let: Secure long-term income with a social housing lease in place until 2026
- Rental Uplift Strategy: Opportunity to increase rental income to market rate after lease expiry
Description
This property is a 2-bedroom terraced house in Lazenby, Middlesbrough, offering a high-yield buy-to-let investment opportunity with a social housing lease in place until 2026. The property is currently generating a gross yield of 9.51% and has a market rental potential of £525 PCM, which could increase the gross yield to 11.88%. The property is being sold through an unconditional online auction on February 26th, 2025, with a guide price of £35,000-£55,000 plus a buyer's premium of £3666.67 + VAT. The property has a social housing lease, which means the tenant is responsible for maintaining the property, and the landlord receives a guaranteed income until 2026. The property is located close to key transport links, local amenities, and employment hubs, making it an attractive investment opportunity for those looking for a hassle-free and secure investment.