£69,950
2 bed terraced house for saleFalmouth Street, Middlesbrough TS1
2 beds
1 bath
1 reception
EPC Rating: E
Just added
Freehold
About this property
On street/residents parking
Central heating
Double glazing
Investment Opportunity | 12% Potential Yield | TS1 Location
Asking Price: £69,950
(Representing 15% Below Market Value)
Discover a high-yield investment opportunity in the heart of Middlesbrough. This unique semi-detached property, featuring a distinctive stone-clad facade, is perfectly positioned for investors looking to capitalize on the thriving local rental market.
While the property requires a full refurbishment (including the kitchen, bathroom, and roof), it offers a solid foundation with essential modern upgrades already in place.
Property Highlights
Ready Essentials: Fully double-glazed windows and a reliable Combi gas central heating system.
Compliance: Recently passed eicr (Electrical Installation Condition Report), ensuring the electrics are up to standard.
Spacious Layout: Features an impressive 20ft master bedroom, a second single bedroom, and a ground-floor bathroom.
Dual Access: Two entry points provide excellent flexibility for future configurations.
Unbeatable Location
Situated in a prime rental pocket, this property is ideally located for both students and healthcare professionals:
Teesside University: Just a 5-minute walk away.
James Cook University Hospital: Within a 20-minute walk.
Development Potential
Whether you are looking for a straightforward flip or a long-term hold, the versatile layout offers multiple exit strategies:
Professional/Family Let: High demand in this area provides an estimated 12% Yield.
Student HMO: Potential to reconfigure into 3 en-suite student rooms.
Multi-Unit: Potential to convert into 2 self-contained apartments (subject to planning).
Asking Price: £69,950
(Representing 15% Below Market Value)
Discover a high-yield investment opportunity in the heart of Middlesbrough. This unique semi-detached property, featuring a distinctive stone-clad facade, is perfectly positioned for investors looking to capitalize on the thriving local rental market.
While the property requires a full refurbishment (including the kitchen, bathroom, and roof), it offers a solid foundation with essential modern upgrades already in place.
Property Highlights
Ready Essentials: Fully double-glazed windows and a reliable Combi gas central heating system.
Compliance: Recently passed eicr (Electrical Installation Condition Report), ensuring the electrics are up to standard.
Spacious Layout: Features an impressive 20ft master bedroom, a second single bedroom, and a ground-floor bathroom.
Dual Access: Two entry points provide excellent flexibility for future configurations.
Unbeatable Location
Situated in a prime rental pocket, this property is ideally located for both students and healthcare professionals:
Teesside University: Just a 5-minute walk away.
James Cook University Hospital: Within a 20-minute walk.
Development Potential
Whether you are looking for a straightforward flip or a long-term hold, the versatile layout offers multiple exit strategies:
Professional/Family Let: High demand in this area provides an estimated 12% Yield.
Student HMO: Potential to reconfigure into 3 en-suite student rooms.
Multi-Unit: Potential to convert into 2 self-contained apartments (subject to planning).
Mortgage calculator
Monthly repayment
£349 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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