This middle-terraced house in the heart of Middlesbrough is in a high demand area and has potential to turn into a HMO but has a long term tenant of over 20 years sitting currently in the property and who is happy to stay. Property has three first floor bedrooms a first floor bathroom and rear yard. Does need works to increase value.

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Financial Breakdown

Quick Sale Price: £60,000
Deposit: £20,000
Est Rent PCM: £499
Mortgage Payment PCM: £112.50

NET Profit PCM: £386.50
NET Profit PA: £4,638
NET Yield 9.9%
NET ROI 30% 

Crescent Road



Potential Market Value £8,000

Purchase Price £6,000

Discount £20,000

25% BMV

Launched May 2022