Property Details
OIRO £100,000
3 bedrooms
Percy Street, Middlesbrough
Welcome to this 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 8.6% 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.
Due to tenants being in-situ and offering them their quiet enjoyment - NO in person viewings. Please see the virtual tour, taken when the property went on the sales market, it is a true and honest representation, without disturbing the nice tenants.
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 8.6% at the asking price, ensuring a steady cash flow for the new landlord.
Conclusion:
This 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.
Due to tenants being in-situ and offering them their quiet enjoyment - NO in person viewings. Please see the virtual tour, taken when the property went on the sales market, it is a true and honest representation, without disturbing the nice tenants.
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 8.6% at the asking price, ensuring a steady cash flow for the new landlord.
Conclusion:
This 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.
Map
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
