Middlesbrough, TS3 6PF | Investment Property for Sale | VES-TS3-001

Opportunity to purchase a house in Middlesbrough generating £4,940 rent pa & gross yield of 9%

£55,000

Terraced House

VES-TS3-001

INITIAL INVESTMENT

£17,900

Based on

deposit: £13,750

stamp duty: £1,650

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£4,940

GROSS YIELD

9.0%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

746

Unfurnished

Property information

  • Spread over 2 floors
  • Kitchen with access to the rear courtyard
  • Living room and separate dining room
  • Bedrooms and bathroom are on the first floor
  • EPC rating D
  • Council tax band A
  • Monthly rental income £411.67
  • Tenants have been in situ since July 2014

Location information

  • The property is located in the North Ormesby area of Middlesbrough
  • Middlesbrough city centre is just over 1 mile from the property
  • There is a bus stop just a few minutes walk away with regular services

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Middlesbrough, North Yorkshire

Middlesbrough is a large town in North Yorkshire and lies on the bank of the River Tees. It lies 5 miles east of Stockton-on-Tees, 14 miles south of Hartlepool and 16.5 miles east of Darlington.

The town is served by a number of major roads such as the A19 which lies to the west of town connecting it to the Doncaster to Seaton Burn route, the A66 which runs through the north of town connecting it to Workington and other major roads including A171, A172 and A174.

Middlesbrough railway station is operated by Northern and TransPennine Express with Northern trains running to Newcastle, Sunderland, Darlington, Redcar and Whitby. Whilst TransPennine Express trains run to Leeds, York, Liverpool Lime Street and Manchester.

Middlesbrough has a number of attractions to offer including Ormesby Hall, Dorman Museum, Captain Cook Birthplace Museum and Middlesbrough Institute of Modern Art. There are also plenty of options for anyone with an interest in the outdoors. The North York Moors National Park lies just 5 miles outside of Middlesbrough offering plenty of trails to discover the vibrant landscape of rich heritage and wildlife.

There are plenty of options too to satisfy any shoppers needs. From the usual high street chains to independent brands Middlesbrough also has an impressive four shopping centres.

Education in Middlesbrough is provided by a number of schools and college’s as well as Teesside University, which offers courses in business, arts and media, computing, health and life sciences, science and engineering and social sciences and law.

Middlesbrough’s economy consists of a number of industries including engineering-based manufacturing and engineering contract services. Teesport is also a major employer in the area, as is Teesside University and a number of local hospitals, such as James Cook University Hospital, Roseberry Park Hospital and Acklam Road Hospital.

Ryedale Street,

Middlesbrough,

Middlesbrough,

England,

TS3 6PF

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Questions?

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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