>
4 bedroom terraced house for sale
Pelham Street, Middlesbrough, TS1
£105,000
Pelham Street, Middlesbrough, TS1
£105,000
Our Summary
- Potential HMO Income: (Subject to planning) to 5 Bed Purchase Price £105,000 - £375prpm = £1,875
- NO CHAIN - INVESTMENT PROPERTY - CASH BUYERS ONLY REQUESTED BY PROPERTY OWNER
Description
This four-bedroom mid-terraced property is located near Teesside University and the town center, making it an excellent investment opportunity for those looking to buy-to-let. The property boasts four spacious bedrooms over three floors, a reception room, bathroom, and kitchen, and has the potential to be converted into a five-bedroom property (subject to planning). Currently tenanted to a responsible family, the property generates a monthly income of £640, yielding 7.3%. With a purchase price of £105,000, the potential monthly income is £1,875, representing a 21.4% yield. As an added bonus, the property is highly recommended by the landlord and is a cash-only purchase.