Explore this semi-detached property in Middlesbrough, presenting an attractive opportunity for investors seeking to make the most of the local rental market. With its unique stone-clad exterior, this property stands out, but it does require comprehensive refurbishment, notably in the kitchen, bathroom, and roof areas. However, it comes with essential modern conveniences already installed, including double-glazed windows and a Combi gas central heating system. A recent Electrical Installation Condition Report assures that the electrics are compliant with standards.
This home boasts a spacious arrangement with a sizeable master bedroom measuring 20ft and a smaller second bedroom along with a conveniently located ground-floor bathroom. The layout also features dual access points that could provide flexibility for future adaptations.
Strategically located just a short walk from Teesside University and within proximity to James Cook University Hospital, this property is well-positioned to attract both student tenants and healthcare professionals alike.
Investors will find various options for maximising returns here: whether aiming for a straightforward resale or planning to hold long-term as a rental asset. The area's high demand supports potential yields of around 12%, with possibilities to modify the space into multiple en-suite student rooms or even two self-contained flats (pending necessary planning approvals).
