5 bedroom house of multiple occupation for sale

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5 bedroom house of multiple occupation for sale

Bedford Street, Stockton-on-Tees, County Durham
£100,000

Our Summary

  • Hands Off Investment Opportunity

Description

This 5-bedroom, 3-bathroom HMO property in Stockton-On-Tees is an excellent investment opportunity, offering a gross yield of 22.2%. The property is currently undergoing a full refurbishment, with all warranties and guarantees in place, and is expected to be completed within a few weeks. The property can be rented out to the local council, generating £22,200 per annum, or to a charity on a 5-year lease, with all maintenance and bills paid by the tenant, resulting in a net yield of 9.6%. Located close to the town centre, the property offers easy access to shops, transport links, and local amenities, making it an ideal choice for investors seeking secure, long-term returns.