3 bedroom terraced house for sale

Welcome to this 3-bedroom property, perfectly suited for landlords seeking a solid investment with excellent rental potential. Currently achieving a monthly rental income of £720, a gross yield of 8.6% at the asking price, this home presents a fantastic opportunity for both new and seasoned investors. Professional management is in place and can be easily transferred to the new owner, along with an underwritten rent guarantee.

Due to tenants being in-situ and offering them their quiet enjoyment - NO in person viewings. Please see the virtual tour, taken when the property went on the sales market, it is a true and honest representation, without disturbing the nice tenants.

Property Overview:

Entrance Hall:

As you step into the property, you are greeted by a neat and
welcoming entrance hall. The space is brightly lit and provides easy access to the rest of the home, featuring a practical notice board ideal for tenant communication.

Reception Room:

The reception room is a versatile and spacious area, ideal for both relaxation and socializing. It comes equipped with modern essentials such as a wall-mounted TV, ensuring it meets the demands of contemporary living. The room is neutrally decorated, providing a blank canvas for personalization.

Bedrooms:

The property boasts three bedrooms, each designed to maximize comfort and practicality. The main bedroom includes a large wardrobe, offering ample storage space. All rooms are well-proportioned and benefit from natural light, creating a pleasant living environment for tenants.

Kitchen and Bathroom:

Both are modern rooms offering the tenant everything they need for their daily lives. Prospective landlords can easily add value with minor updates or renovations.

Condition and Potential:

Currently in good condition, the property requires minimal upkeep, making it a hassle-free investment. The neutral decor throughout ensures it appeals to a wide range of tenants, minimizing vacancy periods and maximizing rental income.

Location:

Situated in a sought-after area with excellent transport links, local amenities, and Teesside University, this property is ideally located for tenants looking for convenience and accessibility.

Rental Yield:

With a proven rental income of £720 per month, this property offers a solid yield of 8.6% at the asking price, ensuring a steady cash flow for the new landlord.

Conclusion:

This 3-bedroom property is a prime investment opportunity, offering reliable rental income and the potential for further value enhancement. Whether you are expanding your portfolio or making your first investment, this home provides a promising opportunity in a desirable location.

For more information or to arrange a viewing, please contact our team today. Don't miss out on securing this promising investment!

Council Tax Band: A
Tenure: Freehold
Selective licensing area - details available from agent.