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Terraced house for sale
5 Park Road North, Middlesbrough, North Yorkshire, TS1 3LF
£165,000
5 Park Road North, Middlesbrough, North Yorkshire, TS1 3LF
£165,000
Our Summary
- DescriptionA part let residential investment opportunity comprising a substantial semi detached period property currently arranged as a 10 bedroom HMO
- There is further scope to increase the rental income upon the occupation of some of the remaining 5 vacant bedrooms and we estimate the ERV to be in the region of £40,000-£45,000p/a
Description
This property is a substantial semi-detached period house currently operating as a 10-bedroom HMO, with four bedrooms currently let and generating an annual equivalent rental income of £17,400. There is potential to increase the rental income by occupying the remaining five vacant bedrooms, with an estimated earnings of £40,000-£45,000 per annum. The property is in reasonable internal condition and features en-suite bathrooms, double glazing, and central heating. Located on Park Road, it is close to Teeside University and Middlesbrough town center, and is within walking distance of Albert Park.