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Gresham Road, Middlesbrough TS1 6 bed house of multiple occupation for sale
Gresham Road, Middlesbrough TS1
£165,000
Gresham Road, Middlesbrough TS1
£165,000
Our Summary
- Selective License: A selective license is already in place, making this an excellent investment opportunity with compliance assured
- Don’t miss the chance to secure this incredibleinvestment opportunity in a thriving area
Description
This exceptional 6-bedroom House in Multiple Occupation (HMO) is located just a stone's throw away from Teesside University, making it an ideal investment opportunity for those looking for a turn-key property with a strong rental yield. The property boasts six generously sized double bedrooms, all fully furnished, with one bedroom featuring an ensuite bathroom. The property is already licensed and has five of the six bedrooms currently tenanted, generating immediate cash flow for the new owner. With a gross rental income of £27,000 per year and a gross yield of 16.36%, this property is a must-see for any serious investor or potential landlord. The property is situated in a prime location, close to the university, and is ready to generate income from day one.