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3 bedroom terraced house for sale
7 Ingleby Close, Middlesbrough, Cleveland, TS6 8EN
£55,000
Our Summary
- Guide Price £55,000 - £75,000 * PLUS £4000 BUYERS PREMIUM OR MINIMUM OF £4000+ VAT For sale by unconditional online auction on the 26th of February 2025
- Investment Opportunity High-Yield Buy-to-Let Property Description Property Overview Location: 7 Ingleby Close, Middlesbrough, TS6 8EN Property Type: 3-Bed Terraced House Bedrooms: 3 Bathrooms: 1 Tenure: Freehold Tenancy Status: Private Tenancy in Place Investment Strategy: Buy-to-Let Key Features High-Yield Investment Strong ROI from Day One Currently Tenanted Immediate Rental Income Potential to Increase Rental Income to Market Rate Growing Rental Demand in the Middlesbrough Area Well-Maintained Property in a Desirable Rental Location Comparable Market Value: £90,000 Close to Key Transport Links, Local Amenities & Employment Hubs Full Legal Pack Available for Quick Purchase Completion in as little as 28 Days Current Investment Figures Current Rental Income: £575 PCM / £6,900 PA Current Gross Yield: 9
- 40% Potential for Capital Growth: Medium Value-Add Potential: Rental Uplift to Market Rate Investment Strategy & Exit Options Buy-to-Let: Secure long-term passive income with a tenanted property
- Rental Uplift Strategy: Potential to increase rental income in line with the market
- 40% at Market Rent) Growing Demand for Quality Rental Properties in the Area No Chain Fast, Hassle-Free Completion Available Low Maintenance, Turnkey Investment Opportunity Interested
Description
This property is a 3-bedroom terraced house located in Middlesbrough, offering a high-yield investment opportunity with a current rental income of £6,900 per annum and a gross yield of 9.20%. The property is currently tenanted, providing immediate rental income, and has potential to increase rental income to market rate. The property is well-maintained and situated in a desirable rental location, close to key transport links, local amenities, and employment hubs. The asking price is £55,000-£75,000, plus a buyer's premium of £4,000 or a minimum of £4,000+ VAT. The property is being sold by unconditional online auction on February 26, 2025, with registration open now and bidding opening on the same day at 3:00 pm.