5 bed terraced house for sale

Abingdon Road, Middlesbrough TS1

Turnkey 5-Bedroom En-Suite HMO | Tenanted | Freehold | Potential 12.55% Gross Yield

Century Three is delighted to present this turnkey five-bedroom HMO investment opportunity, ideally positioned in central Middlesbrough within easy reach of Teesside University, Middlesbrough town centre, local amenities and transport connections. Offered at offers over £220,000, the property has been recently refurbished and furnished to a high standard and is currently tenanted, providing an attractive opportunity for investors looking to acquire an established HMO.

The accommodation is arranged over two floors and comprises five bedrooms with en-suite accommodation throughout, alongside a communal reception room and kitchen. The property offers potential rental income of approximately £2,300 per calendar month / £27,600 per annum, representing a potential gross yield of approximately 12.55%.

A vendor-supplied RICS valuation reports a market value of £222,500 with vacant possession and £230,000 tenanted, which may also provide an opportunity for purchasers to explore refinancing, subject to lender criteria. Further benefits include freehold tenure, a five-year HMO licence stated, double glazing, gas central heating and a rear yard. The property extends to approximately 958 sq ft / 89 sq m. With its central location, established tenant profile and strong potential rental return, Abingdon Road represents an excellent opportunity for investors seeking a ready-made HMO in Middlesbrough's student and professional rental market.