OUTRAM STREET - TS1

This extremely cheap mid-terraced property in the centre of Middlesbrough is tired and in need of some desperate love but for a snip of just £47,000 you can net rents as high as £600per month with an annual profit over £6,000 on your investment. Needs an estimated £5-10k spent but once in good condition can reach as high as £70,000.

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Financial Breakdown

Quick Sale Price: £47,000
Deposit: £11,750
Est Rent PCM: £450
Mortgage Payment PCM: £88.12

NET Profit PCM: £361.88
NET Profit PA: £4,324
NET Yield 11.4%
NET ROI 16.9% 

Outram Street

Middlesbrough

TS1 4EG

Potential Market Value £70,000

Purchase Price £47,000

Discount £23,000

33% BMV

Launched February 2022