CRESCENT ROAD - TS1
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
Middlesbrough
TS1 4QU
Potential Market Value £8,000
Purchase Price £6,000
Discount £20,000
25% BMV
Launched May 2022