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3 bedroom semi-detached house for sale
23 Wordsworth Road, Middlesbrough, Cleveland, TS6 9AY
£60,000
Our Summary
- Guide Price £60,000 - £80,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + 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: 23 Wordsworth Road, Middlesbrough, TS6 9AY 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 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: £600 PCM / £7,200 PA Current Gross Yield: 9
- 52% 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
- 52% 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 on Wordsworth Road in Middlesbrough, TS6 9AY, and is being sold through an unconditional online auction on February 26th, 2025. The property is currently tenanted and generates £600 per month, or £7,200 per year, with a gross yield of 9.35%. The potential for capital growth is medium, and the property could be used as a buy-to-let investment or for portfolio expansion. The property is well-maintained and situated in a desirable rental location, close to key transport links, local amenities, and employment hubs. The current owner is motivated to sell and is willing to complete the sale quickly, with a completion date as little as 28 days. The property has the potential to increase rental income to market rate, making it an attractive investment opportunity for those looking for a high-yield investment with minimal maintenance requirements.