1. Property photo 1 of 21
  2. Property photo 2 of 21
  3. Property photo 3 of 21

Offers in region of

£165,000

6 bed property for sale
Gresham Road, Middlesbrough TS1

    • 6 beds

    • 3 baths

    • 1 reception

  • EPC Rating: D

Castle Homes

Logo of Castle Homes

About this property

    Exceptional 6-Bedroom HMO Near Teesside University

    Location: Gresham Road, TS1 Middlesbrough,

    Overview:

    We are delighted to present a fantastic opportunity to acquire a well-established 6-bedroom House in Multiple Occupation (HMO) located just a stone's throw away from Teesside University. This property is ideal for investors looking for a turn-key investment with a strong rental yield.

    Key Features:

    Six Double Bedrooms: The property boasts six generously sized double bedrooms, ensuring ample space and comfort for tenants.

    Selective License: A selective license is already in place, making this an excellent investment opportunity with compliance assured.

    Fully Furnished: All rooms are fully furnished, providing a hassle-free transition for new tenants.

    Ensuite Bedroom: One of the six bedrooms features an ensuite bathroom, adding value and appeal to potential renters.

    Shared Facilities: The property also includes two shared shower rooms, catering to the needs of all tenants.

    Current Tenancies: Five of the six bedrooms are currently tenanted, ensuring immediate cash flow for the new owner.

    Investment Highlights:

    Turn-Key Investment: With existing tenants and fully furnished rooms, this property is ready to generate income from day one.
    5 rooms are currently tenanted on bills inclusive tenancy agreements. Rents ranging from £425 to £500 per month.

    Gresham Road (estimated financial figures at asking price):
    Asking Price: £165,000
    Gross Rental Income: £27,000 per year, £2,250 per month
    Gross Yield: 16.36%

    Prime Location: Situated close to Teesside University, this HMO is perfectly positioned to attract students and young professionals seeking convenient accommodation.

    Must Be Seen:

    This property is a must-see for any serious investor or potential landlord. Don’t miss the chance to secure this incredible
    investment opportunity in a thriving area.

    Viewing Arrangements:

    Virtual tour is available. Please view this in the first instance. For further details or to arrange a viewing, please contact Castle Homes.

    Take advantage of this rare opportunity to own a well-maintained HMO with excellent rental potential in a sought-after location. Act fast, as properties like this do not stay on the market for long!

    Disclaimer: Photos as of May 2024 when property was first let.

    Disclaimer - 'Grandfather rights' for selective license would need to be checked with your due diligence. The current owner has a valid HMO license for this property as a 6 bedroom HMO. License can not be transferred.

    EPC Rating: D

    Zoopla insights

    Sign in and gain expert analysis to make informed decisions.

    Stamp duty calculator

    Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news

    From 1st April 2025 £-

    This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.

    More information

    • Tenure

    • Council tax band

      A

    • Ground rent

      £0

    See all recent sales in TS1

    Property descriptions and related information displayed on this page are marketing materials provided by - Castle Homes. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Castle Homes for full details and further information.