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6 bedroom house of multiple occupation for sale
Albert Road, Middlesbrough, North Yorkshire, TS1
£290,000
Albert Road, Middlesbrough, North Yorkshire, TS1
£290,000
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
- 2% gross based on £290,000 purchase price - 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
This six-bedroom, five-bathroom HMO property in Middlesbrough offers a unique investment opportunity for those seeking a high-yielding, compliant property in a thriving area. Located just one minute's walk from Teesside University, the property benefits from strong existing rental income, planning security through grandfather rights, and excellent future growth potential. With a gross rental income of £2,951.54 PCM (£35,418.48 PA) and a yield of 12.2%, this property represents both immediate returns and long-term growth potential. The property is fully tenanted, with all rooms let and scope to review rents in the future. Its central location ensures high rental demand year-round, with excellent transport links across Teesside and proximity to shops, cafes, and Middlesbrough town centre. With its low-risk, high-demand investment profile, this property is an outstanding choice for investors seeking a secure and profitable investment opportunity.