Worst House on the Street Logo
Parliament Road, Middlesbrough, TS1 4LA - Image 1
Parliament Road, Middlesbrough, TS1 4LA - Image 2
Parliament Road, Middlesbrough, TS1 4LA - Image 3
Parliament Road, Middlesbrough, TS1 4LA - Image 4

Parliament Road, Middlesbrough, TS1 4LA

North East

£54,000
Listed on 07/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
969 sqft

Description

Situated within a short seven-minute walk from Teesside University and less than two miles from James Cook University Hospital, this spacious two-bedroom terraced property presents an appealing opportunity for both first-time buyers and investors seeking rental potential. The chain-free layout offers a lobby, hall, through lounge/diner, and a kitchen/breakfast room that could benefit from modernization. Upstairs, there are two generously sized double bedrooms along with a bathroom that includes a separate shower cubicle. The property features extensive PVCU double glazing and is equipped with gas central heating via a combi boiler. A rear yard provides outdoor space, and on-street permit parking is available. With its prime location and flexible living spaces, this home holds significant renovation potential to enhance value considerably.

Investment Analysis

(TS1 area)

Below Market Value

This property is priced -39.2% below area average per sq ft

-39.2%
Potential saving
This Property
£56/sq ft
Area Average
£92/sq ft
Avg Rent (weekly)
£129
Avg Yield
8.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£97,690
10% above area average per sq ft
Potential ROI
+23.7%
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

Parliament Road, Middlesbrough, TS1 4LA
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£198
Based on a loan of £40,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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