5 bedroom flat for sale

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5 bedroom flat for sale

Princes Road, Middlesbrough, TS1
£225,000

Our Summary

  • Mr Investa present this fantastic buy-to-let investment opportunity with this spacious and centrally located 5 bed terraced house

Description

This is a 5 bed, 5 bath student HMO property located in the heart of Middlesbrough City Centre, just a 2-minute walk from Teesside University. The property is currently generating 13% yield and has tenants signed up for the upcoming 2024/25 academic year, with increased rent. The property has been tastefully upgraded and features modern city living, with each bedroom having its own ensuite shower room. The financial performance for the 2024/25 academic year shows a total gross rental income of £29,940 per annum and a gross yield of 13.3%. The property is freehold and is being sold by the vendor, who has self-managed the property to keep costs down.
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