6 bedroom house of multiple occupation for sale

Exceptional 6-Bedroom HMO Near Teesside University

Location: Gresham Road, TS1 Middlesbrough,

Overview:

We are delighted to present a fantastic opportunity to acquire a well-established 6-bedroom House in Multiple Occupation (HMO) located just a stone's throw away from Teesside University. This property is ideal for investors looking for a turn-key investment with a strong rental yield.

Key Features:

Six Double Bedrooms: The property boasts six generously sized double bedrooms, ensuring ample space and comfort for tenants.

Selective License: A selective license is already in place, making this an excellent investment opportunity with compliance assured.

Fully Furnished: All rooms are fully furnished, providing a hassle-free transition for new tenants.

Ensuite Bedroom: One of the six bedrooms features an ensuite bathroom, adding value and appeal to potential renters.

Shared Facilities: The property also includes two shared shower rooms, catering to the needs of all tenants.

Current Tenancies: Five of the six bedrooms are currently tenanted, ensuring immediate cash flow for the new owner.

Investment Highlights:

Turn-Key Investment: With existing tenants and fully furnished rooms, this property is ready to generate income from day one.
5 rooms are currently tenanted on bills inclusive tenancy agreements. Rents ranging from £425 to £500 per month.

Gresham Road (estimated financial figures at asking price):
Asking Price: £165,000
Gross Rental Income: £27,000 per year, £2,250 per month
Gross Yield: 16.36%

Prime Location: Situated close to Teesside University, this HMO is perfectly positioned to attract students and young professionals seeking convenient accommodation.

Must Be Seen:

This property is a must-see for any serious investor or potential landlord. Don't miss the chance to secure this incredible
investment opportunity in a thriving area.

Viewing Arrangements:

Virtual tour is available. Please view this in the first instance. For further details or to arrange a viewing, please contact Castle Homes.

Take advantage of this rare opportunity to own a well-maintained HMO with excellent rental potential in a sought-after location. Act fast, as properties like this do not stay on the market for long!

Disclaimer: Photos as of May 2024 when property was first let.

Disclaimer - 'Grandfather rights' for selective license would need to be checked with your due diligence. The current owner has a valid HMO license for this property as a 6 bedroom HMO. License can not be transferred.

Council Tax Band: A
Tenure: Freehold