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5 bedroom terraced house for sale
113 Victoria Road, Middlesbrough, Cleveland, TS1 3HX
£120,000
113 Victoria Road, Middlesbrough, Cleveland, TS1 3HX
£120,000
Our Summary
- Guide Price £120,000 - £160,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT For sale by unconditional online auction on the 26th of February 2025
- High-Yield 5-Bed Housing of Multiple Occupancy (HMO) Property Description Property Overview Location: 113 Victoria Road, Middlesbrough, TS1 3HX Property Type: 5-Bed Housing of Multiple Occupancy (HMO) Bedrooms: 5 Bathrooms: 1 Tenure: Freehold Tenancy Status: Partially Let Investment Strategy: HMO / Buy-to-Let Key Features HMO Investment Potential for High Returns Partially Let Opportunity to Increase Rental Income Prime Location in a High-Demand Rental Area Strong Potential for Long-Term Capital Growth Close to Key Transport Links, Shops & Universities Full Legal Pack Available for Quick Purchase Completion in as little as 28 Days Current Investment Figures Current Rental Income: £350 PCM / £4,200 PA Current Gross Yield: 2
- 55% Potential for Capital Growth: High Value-Add Potential: Increase occupancy to achieve full market rent potential
- Rental Uplift Strategy: Increase occupancy to achieve full market rent potential
Description
This is a 5-bedroom Housing of Multiple Occupancy (HMO) property located on Victoria Road in Middlesbrough, TS1 3HX. The property is being sold by unconditional online auction on February 26, 2025, with a guide price of £120,000-£160,000 plus a 5% buyer's premium or a minimum of £5,000 + VAT. The property is partially let, generating £350 per calendar month, with a current gross yield of 2.71%. With a potential for full occupancy at market rent, the projected gross yield increases to 13.55%. The property offers a prime location, close to key transport links, shops, and universities, making it an attractive investment opportunity for those looking to generate high returns. The property can be converted to a long-term single tenancy or continued as a HMO, offering flexibility for investors. With a potential for capital growth and rental uplift, this property presents a strong investment opportunity.