3 bed terraced house for sale

Westbury Street, Thornaby TS17

5 Bed HMO Project | Westbury Street, Thornaby, TS17 | 17.42 Percent to 19.35 Percent Gross Yield

Purchase Price: £85,000

Approximate Refurbishment Cost: Around £70,000 | Estimated Total Investment: £155,000

Potential Rental Revenue: £2,250 pcm to £2,500 pcm (£27,000 to £30,000 per year)

Planning Status: Approval expected within 4 weeks

Situated in Thornaby near Stockton on Tees, this substantial multi room residential property on Westbury Street represents an outstanding HMO development project. Offered at £85,000 with planning permission for a 5 bedroom HMO expected within 4, an estimated £70,000 configuration budget delivers a high specification asset with double digit returns on your total capital outlay.

Key Investment Highlights

Exceptional All in Returns: Achieving £450 pcm to £500 pcm per room across 5 letting bedrooms generates £27,000 to £30,000 per year, delivering a massive 17.42 percent to 19.35 percent gross yield on an estimated £155,000 total outlay.

Complete HMO Transformation: Currently 3 bedroom property with full scope for reconfiguration into a high yield 5 bedroom house in multiple occupation.

Imminent Planning Clearance: Planning decision anticipated within 4 weeks, giving you a clear timeline to undertake works and list rooms on the rental market.

High Demand Rental Pocket: Positioned close to local retail amenities, major bus routes, and Thornaby Railway Station for direct transit into Stockton and Middlesbrough.

A high performing asset engineered for portfolio investors seeking maximum monthly cash flow post refurb.

Contact us today to receive further details or arrange an early viewing.