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Parliament Road, Middlesbrough

North East

£75,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom property presents a unique opportunity for those looking to invest in a home with considerable renovation potential. The layout features a welcoming entrance hall that opens into a spacious lounge and dining area, providing ample room for entertaining or family gatherings. The kitchen connects to a practical lean-to space, ideal for additional storage or as a utility area, enhancing the flow of the home. Both bedrooms are generously sized, offering flexibility for various living arrangements or potential reconfiguration. The large family bathroom adds to the overall functionality of the property. Externally, the rear yard includes alley access, which could be transformed into a charming outdoor space or serve practical purposes such as additional parking options. Located in a desirable neighborhood, this property benefits from its proximity to local amenities and green spaces, making it an attractive choice for first-time buyers or investors keen on taking on a project. With no onward chain, this home is ready for new owners to make their mark and enhance its value through modernization. Early viewings are encouraged to fully appreciate the possibilities this property offers.

Investment Analysis

(TS1 area)
Area Average
£92/sq ft
Avg Rent (weekly)
£129
Avg Yield
8.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (TS1)

Area prices are falling by +2.9% over the last 12 months
3 year growth: 5.5%
5 year growth: 37.4%
Investment Disclaimer: Analysis based on TS1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE