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54 Percy Street, Middlesbrough, Cleveland, TS1

North East

£50,000Guide Price

Listed on 28/08/2026

The listing

Property details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terraced house presents a unique opportunity for renovation and investment. The property features two ground floor rooms that lead into a former kitchen and bathroom area, alongside two bedrooms on the first floor. A rear yard adds to the outdoor space available. The property is located conveniently close to Teesside University and within walking distance of local shops and Middlesbrough town centre, making it appealing for potential tenants or buyers. The property is currently undergoing some building works, including the removal of certain walls, which provides a blank canvas for further development. Interested parties are encouraged to conduct their own investigations regarding the scope of works already completed and those needed to make the property habitable. With an EPC rating of F and council tax band A, this property is offered at auction, allowing for a potentially advantageous purchase in a market characterized by volatility.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

58out of 100
Grade DWeak opportunity

Confidence: LOW

This terraced house offers a significant renovation opportunity, with a guide price of £50,000 well below the local average of £81,955. Although the property requires extensive refurbishment, including work in the living areas, bedrooms, and kitchen, the potential for a high rental yield in a location close to Teesside University and local amenities adds appeal. The exterior shows signs of wear and peeling paint, while the garden is currently neglected, presenting a blank canvas for someone to revamp the outdoor space.

Given the scale of the project, expect a renovation budget of £50,000 to £100,000 to transform this house into a functional home. With the interiors stripped and significant damage throughout, this is not a cosmetic refresh but rather a full-gut programme. However, this level of work allows for creative redesigns and the chance to enhance the property's character and layout to match modern preferences.

Key opportunities

  • Significant opportunity to redesign the layout and enhance the character of the space.
  • Potential to create a functional garden, transforming the neglected outdoor area into an attractive feature.
  • Proximity to local amenities and Teesside University offers a chance for high rental yields in a desirable location.

Key risks

  • Stripped interiors and a £50,000–£100,000 works budget make this a full-gut programme, not a refresh.
  • Extensive damage in living areas and bedrooms requires significant work to bring the property back to a habitable state.
  • The property is currently rated F on the EPC scale, indicating potential energy efficiency improvements will be necessary.

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Map

Location

54 Percy Street, Middlesbrough, Cleveland, TS1
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 over 30 years at 4.45% 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.

Tax

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Indicative tax based on the asking price and the options you select.

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