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Ayresome Street, Middlesbrough TS1 3 bed terraced house for sale
Ayresome Street, Middlesbrough, TS1
£110,000
Ayresome Street, Middlesbrough, TS1
£110,000
Our Summary
- Prime Investment Opportunity – Potential 22
- Offering incredible potential to be converted into a 5-bedroom HMO, significantly boosting rental income and achieving a gross annual yield of up to 22
- Key Features:• Currently a 3-bedroom property with scope for 5-bed HMO conversion• Strong rental demand in a prime student area with excellent transport links• Potential annual income of £27,000 upon conversion• Spacious layout, easily adaptable to meet HMO regulations• Proximity to universities, local amenities, and vibrant city lifeWith a modest investment to reconfigure the layout, this property offers an incredible opportunity to achieve a high-yielding, fully let investment tailored for student housing
- The property is perfect for investors aiming to unlock its full potential in a lucrative rental market
Description
This 3-bedroom property presents a prime investment opportunity, offering the potential to be converted into a 5-bedroom HMO and generating a gross annual yield of up to 22.5%. Situated in a student-friendly area with strong rental demand, the property is ideally suited for student housing or professional tenants. With a modest investment to reconfigure the layout, the property could generate £2,250 monthly income (£27,000 annually) by repurposing the ground-floor reception rooms into two additional bedrooms. The property is easily adaptable to meet HMO regulations and is located near universities, local amenities, and vibrant city life, making it an attractive option for investors looking to maximize returns.