>
6 bedroom house of multiple occupation for sale
Albert Road, Middlesbrough, North Yorkshire, TS1
£285,000
Albert Road, Middlesbrough, North Yorkshire, TS1
£285,000
Our Summary
- A Strategic Investment Opportunity For investors, Albert Road presents an extraordinary opportunity to acquire a fully compliant and income-producing HMO with grandfather rights (HMO planning permission granted in 2011)
- 48 PA), with all rooms tenanted and scope to review rents in future
- Property Features: - Type: Licensed 6-Bed, 5-Bath HMO (with grandfather rights - HMO planning permission granted in 2011) - Layout: Six fully let bedrooms, five bathrooms (Rooms 5 & 6 share an ensuite), communal kitchen, and shared living spaces - Rental Income: £2,951
- 48 PA (gross) - Occupancy: Fully tenanted - immediate income on completion - Location: Prime central Middlesbrough, just 1 minute walk to Teesside University, close to shops, cafes, and Middlesbrough town centre - Transport Links: Excellent access to Middlesbrough Train Station, major bus routes, and direct road connections to the A66 and A19 - EPC Rating: Rated D (58) with potential to increase to C (77) Viewings: For more information or to arrange a viewing, please contact Magnum Properties and speak with our Residential Team
Description
Magnum Properties presents a rare investment opportunity with this fully licensed six-bedroom, five-bathroom HMO on Albert Road, Middlesbrough. The property combines strong existing rental income, planning security through grandfather rights, and excellent future growth potential, making it an attractive choice for investors seeking a high-yielding, compliant property in a thriving area. Located just one minute's walk from Teesside University, the property benefits from high rental demand year-round, with a strong gross rental yield of 12.2%. The property is currently producing a gross rental income of £2,951.54 PCM (£35,418.48 PA) and is fully tenanted, providing immediate income on completion. With its prime central location, excellent transport links, and potential to increase its EPC rating, this property represents a strategic investment opportunity with minimal voids and long-term growth potential.