2 bed terraced house for sale

Percy Street, Middlesbrough TS1

Description

Welcome to this 2 to 3 bedroom property, perfectly suited for landlords seeking a solid investment with excellent rental potential. Currently achieving a monthly rental income of £720, a gross yield of an impressive 10.2% on the asking price, at the asking price, this home presents a fantastic opportunity for both new and seasoned investors. Professional management is in place and can be easily transferred to the new owner, along with an underwritten rent guarantee.

Property Overview:

Entrance Hall:

As you step into the property, you are greeted by a neat and
welcoming entrance hall. The space is brightly lit and provides easy access to the rest of the home, featuring a practical notice board ideal for tenant communication.

Reception Room:

The reception room is a versatile and spacious area, ideal for both relaxation and socializing. It comes equipped with modern essentials such as a wall-mounted TV, ensuring it meets the demands of contemporary living. The room is neutrally decorated, providing a blank canvas for personalization.

Bedrooms:

The property boasts three bedrooms, each designed to maximize comfort and practicality. The main bedroom includes a large wardrobe, offering ample storage space. All rooms are well-proportioned and benefit from natural light, creating a pleasant living environment for tenants.

Kitchen and Bathroom:

Both are modern rooms offering the tenant everything they need for their daily lives. Prospective landlords can easily add value with minor updates or renovations.

Condition and Potential:

Currently in good condition, the property requires minimal upkeep, making it a hassle-free investment. The neutral decor throughout ensures it appeals to a wide range of tenants, minimizing vacancy periods and maximizing rental income.

Location:

Situated in a sought-after area with excellent transport links, local amenities, and Teesside University, this property is ideally located for tenants looking for convenience and accessibility.

Rental Yield:

With a proven rental income of £720 per month, this property offers a solid yield of 10.2% at the asking price, ensuring a steady cash flow for the new landlord.

Situated in the Newport 1 Selective Licensing Area.

Conclusion:

This 2 to 3 bedroom property is a prime investment opportunity, offering reliable rental income and the potential for further value enhancement. Whether you are expanding your portfolio or making your first investment, this home provides a promising opportunity in a desirable location.

For more information or to arrange a viewing, please contact our team today. Don't miss out on securing this promising investment!

Council Tax Band: A
Tenure: Freehold
Selective licensing area - details available from agent.