4 bedroom terraced house for sale

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4 bedroom terraced house for sale

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.
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