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Percy Street, Middlesbrough TS1 3 bed end of terrace house for sale
Percy Street, Middlesbrough, TS1
£90,000
Percy Street, Middlesbrough, TS1
£90,000
Our Summary
- Spacious Three-Bedroom Home with Potential for a Fourth Bedroom
Description
This spacious three-bedroom home has immense potential for a fourth bedroom, which could significantly boost its rental income. Currently, the property generates £950 per month in rent, but with a small investment to gain building regulations, it could be converted into a fourth bedroom, potentially increasing the rent to £1,560 per month. This would result in a remarkable yield of 20% after deducting bills and management costs. The property is located just a 5-minute walk from Teesside University, making it an attractive option for students. With a capped bill rate of £20 per week per room, the net figures are already factored in, providing a simple and lucrative investment opportunity.