This mid terrace property offers a prime opportunity for investors seeking to enhance their portfolio with a valuable refurbishment project. Located in the desirable TS1 area of Middlesbrough, this home is currently a blank canvas, fully cleared and ready for transformation. With existing features including two bedrooms on the upper level and two spacious reception areas on the ground floor, there's potential for reconfiguration into a three-bedroom layout, which could significantly increase both rental yield and market value.
With a light refurbishment estimated around £7,000, you can modernize this property to meet contemporary standards, making it appealing to long-term tenants swiftly. The potential rental income ranges from £750 to £900 per month, positioning this investment with an attractive gross yield between 13% and 16%.
Situated centrally within close proximity to Teesside University and key local amenities, Wicklow Street presents consistent demand from various tenant demographics including professionals and students. This property not only allows for immediate equity gains but also promises strong returns in a competitive rental market.
