4-bedroom house · TS1 3LW
Listing removedListed 115 days
Opportunity summary
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About
** an ideal investment with tenants in situ (moved in on the 26th June) creating A 9-10% gross yield.
** A wonderfully re-modelled 4 bed terraced property set on this popular 'university side' of linthorpe road street - currently subject to A single' lease bringing in £750 pcm with no bills included in the rent.
Having had A luxury refit when originally dveeloped & created there is still an eye-cathcing interior within the property, including furniture which is included in the sale price.
The property is ideally positioned for access to the 'university of teesside' being A comfortable less than ten minute walk to the the universities main campus, & A ten minute walk to linthorpe road' various shops, amentieis & eateries.
The property has previously been let on A single room let basis, which would further increase the yield.
In brief the property offers an entrance hall, 2 downstairs bedrooms, A communal lounge & A kitchen whilst to the first floor are 2 further bedrooms & bathroom.
Summary A well laid out and reconfigured terraced property situated prominently within a strong 'student lettings' catchment area within Middlesbrough' Town Centre.
The property has long served the purpose of a single room let however has been trialled as a standard 'whole house' let for this academic year, with tenants having moved in on the 26th of June on an agreement which sees the occupants paying their own utility bills.
The properties footprint has been maximised with the creation of an extra Bedroom to the ground floor located off the Kitchen to the extreme rear of the property, complimenting the other ground floor Bedroom which is situated to the front of the property with the spacious Lounge and eye-catching Kitchen with integrated appliances separating them both.
To the first floor are two further Bedrooms to both front and rear, with a multi feature Bathroom located between the two, The property is set on a street which is set close to the University of Teesside, whilst having shops and other amenities near by within short walking distance.
The property has the benefit of UPVC double glazing and gas central heating courtesy of a 'combi' boiler located within the Kitchen, which also yields various integrated appliances.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 76, Errol Street, Middlesbrough
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