1. Property photo 1 of 9 Percy Street
  2. Property photo 2 of 9 Kitchen
  3. Property photo 3 of 9 Bathroom

Offers over

£100,000

3 bed end terrace house for sale

Percy Street, Middlesbrough, North Yorkshire TS1

  • Freehold

    • 3 beds

    • 1 bath

    • 1 reception

  • EPC Rating: D

Key information

  • Tenure

    Freehold

  • Council tax band

    A

Ashbrookes Ltd

Logo of Ashbrookes Ltd
Email agent

About this property

  • Please note this is a 2 bedroom for sale but the current vendor has utilised it as a 4 bedroom for rent

  • All furniture to be sold within the price agreed

  • Currently let with ourselves

  • 5 minute commute to Teesside University

  • Recently refurbished

  • 13.4% yield for students

  • 11.4% yield currently achieved

Spacious Three-Bedroom Home with Potential for a Fourth Bedroom!

This prime location property is just a 5-minute walk from Teesside University, currently generating an impressive rent of £950 per month (excluding bills). With a small investment to gain building regulations, you could convert the second-floor study room into a fourth bedroom, significantly boosting your income potential!

For the upcoming student intake, renting all four rooms at £390 per month each could elevate your potential rental income to £1,560 per month, offering a remarkable yield of 20% after deducting bills and management costs. This presents an excellent opportunity for a high return on investment!

Keep in mind, if you decide to finance the property with a mortgage, additional costs will apply. At Ashbrooke’s, we simplify things with a capped bill rate of £20 per week per room, already factored into the net figures.

Don't miss out on this lucrative opportunity! Contact us today at option 1) to arrange a viewing or gather more details before this property is snapped up.

Disclaimer:
All information provided by Ashbrookes is deemed reliable and is taken in good faith from the vendor. However, it is not guaranteed and should be independently verified. Prospective buyers are strongly advised to carry out their own due diligence through their solicitors to confirm the accuracy of the information provided and to obtain an independent survey.

Intending purchasers will be required to produce identification documentation at a later stage, and we kindly ask for your cooperation to ensure there is no delay in agreeing to the sale. Please note that we have not tested the services or any of the equipment or appliances in this property. Therefore, we strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase.<br /><br />

Kitchen (3.26m x 1.93m)

Communal (3.81m x 2.81m)

Bathroom (2.12m x 1.98m)

Bedroom (3.89m x 3.21m)

Bedroom (3.43m x 2.45m)

Bedroom (3.84m x 3.23m)

Bedroom (3.59m x 3.15m)

Disclaimer

Disclaimer: All information provided by Ashbrookes is deemed reliable and is taken in good faith from the vendor. However, it is not guaranteed and should be independently verified. Prospective buyers are strongly advised to carry out their own due diligence through their solicitors to confirm the accuracy of the information provided and to obtain an independent survey. Intending purchasers will be required to produce identification documentation at a later stage, and we kindly ask for your cooperation to ensure there is no delay in agreeing to the sale. Please note that we have not tested the services or any of the equipment or appliances in this property. Therefore, we strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase.

Stamp duty calculator

We've updated our calculator to take into account the stamp duty cut announced by the chancellor on 23 September 2022. Read more stamp duty news and how stamp duty works

More information

Listed by

Ashbrookes Ltd

View agent properties
See all recent sales in TS1

Property descriptions and related information displayed on this page are marketing materials provided by - Ashbrookes Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Ashbrookes Ltd for full details and further information.