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Aire Street, Middlesbrough, Cleveland TS1 - Image 1
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Aire Street, Middlesbrough, Cleveland TS1

North East

£64,995
Listed on 06/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terrace property features three bedrooms and offers a blank canvas for those eager to invest in a renovation project. With vacant possession available, it presents an ideal opportunity for first-time buyers or seasoned investors seeking to enhance its value through modernization. Situated conveniently close to Middlesbrough Town Centre, the home enjoys easy access to a variety of amenities, including shops, schools, and public transport options, making it attractive for potential tenants or future homeowners. The interior comprises a lounge with a bay window that allows natural light to fill the space, creating a welcoming atmosphere. The kitchen is functional but could benefit from updating to meet contemporary standards. There is ample room to reconfigure or expand the existing layout if desired. Additionally, a convenient rear porch leads to external storage options. Upstairs, you'll find three well-proportioned bedrooms, each presenting opportunities for personalization and improvement. The shower room is equipped with essential fixtures but would also require modernizing for increased appeal. Externally, the property features a small forecourt garden at the front and a paved yard at the rear, offering outdoor space that could be transformed into an inviting area for relaxation or entertainment. While this home requires full refurbishment, its below-market value indicates significant investment potential once modernized. Ideal for cash buyers seeking a project that can yield substantial returns in both rental income and resale value post-renovation.

Investment Analysis

(TS1 area)
Area Average
£91/sq ft
Avg Rent (weekly)
£134
Avg Yield
8.7%

Renovation Potential

Est. Renovation Cost
£6,500 - £16,249
10-25% of property value
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

Aire Street, Middlesbrough, Cleveland TS1
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