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Parliament Road, Middlesbrough, TS1 4LA - Image 1
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Parliament Road, Middlesbrough, TS1 4LA

North East

£70,000
Listed on 10/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
969 sqft

Description

This charming two-bedroom inner terraced property presents an excellent opportunity for renovation and investment. Ideally situated just a short seven-minute walk from Teesside University and within a two-mile commute to James Cook University Hospital, it boasts a prime location that appeals to both first-time buyers and investors seeking rental potential. The property features a spacious layout that includes a lobby, hall, and a through lounge/diner, offering a versatile living space. The kitchen/breakfast room provides potential for updates that could enhance its functionality and aesthetic appeal. Upstairs, you'll find two generous double bedrooms along with a bathroom equipped with a separate shower cubicle, making it suitable for both tenants and owner-occupants. Outside, the rear yard offers an opportunity for landscaping or creating an outdoor retreat, while on-street permit parking adds convenience for residents. With the benefit of extensive PVCU double glazing and gas central heating via a combi boiler, this chain-free home is ready for your personal touch or further development to maximize its value. Early viewings are encouraged to explore the possibilities this property has to offer.

Investment Analysis

(TS1 area)

Below Market Value

This property is priced -20.6% below area average per sq ft

-20.6%
Potential saving
This Property
£72/sq ft
Area Average
£91/sq ft
Avg Rent (weekly)
£134
Avg Yield
8.7%

Renovation Potential

Est. Renovation Cost
£7,000 - £17,500
10-25% of property value
Target Value
£96,997
10% above area average per sq ft
Potential ROI
+10.9%
After renovation
Monthly Sales
15
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (TS1)

Area prices are falling by +2.1% over the last 12 months
3 year growth: 7.4%
5 year growth: 33.2%
Investment Disclaimer: Analysis based on TS1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Parliament Road, Middlesbrough, TS1 4LA
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