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Aske Road, Middlesbrough, North Yorkshire, TS1

North East

£70,000
Listed on 18/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
928 sqft

Description

This two-bedroom terraced home presents a unique opportunity for those interested in renovation and investment within a quiet residential area of Middlesbrough. The property stands as a blank canvas, allowing for a range of potential modifications to enhance its value and appeal. Situated conveniently close to Teesside University and Middlesbrough town centre, this location is ideal for capturing the rental market. With the potential for conversion into a House in Multiple Occupation (HMO)—subject to necessary consents—this property could yield strong returns, making it an attractive option for investors. The estimated post-refurbishment rental income could reach approximately £725 per month, indicating solid long-term earning potential. The layout currently features two spacious reception rooms that provide ample living space and create opportunities for reconfiguration. The ground floor includes a fitted kitchen with access to an enclosed rear yard, while the first floor accommodates two double bedrooms along with a family bathroom. There’s also scope for further enhancements, such as converting one of the reception rooms into an additional bedroom to increase occupancy options or even exploring loft extension possibilities on the spacious landing. The surrounding neighborhood is characterized by low traffic, contributing to its appeal as both a family-oriented community and an attractive area for students. Local amenities—including schools, parks, shops, and efficient public transport links—are all within walking distance, enhancing the property's connectivity and convenience. With freehold ownership and vacant possession available, this property offers flexibility and freedom to develop according to your vision. Whether you're considering it as a family rental property or as part of a broader investment strategy focused on student housing or resale after refurbishment, its notable features combined with significant potential make it worth exploring further.

Investment Analysis

(TS1 area)

Below Market Value

This property is priced -17.7% below area average per sq ft

-17.7%
Potential saving
This Property
£75/sq ft
Area Average
£92/sq ft
Avg Rent (weekly)
£129
Avg Yield
8.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£93,556
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
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

Aske Road, Middlesbrough, North Yorkshire, TS1
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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
£256
Based on a loan of £52,500 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