Terraced house for sale in Princes Road, Middlesbrough TS1

TS1 HMO to add to your portfolio? Look no further....

Ashbrookes are thrilled to bring Princes Road, TS1 to the market with us.

This property is currently set out as a 5-bedroom, 2-bath, student house share with a HMO approved licence on it already.

Princes Road comes fully furnished and student ready with a recent refurbishment just being completed on it. The rent achievable for all 5 double bedrooms is £390 per room per month.

Your net annual take home (after bills and management have been deducted) would be £16,740 / £1,395 pcm. This gives you a return of 11.9% at asking price.

*Please note if you are purchasing with a mortgage, you will have a further mortgage payment to deduct from the above figures. At Ashbrookes we include a cap into the bills of £20 per week per room which has been calculated in the net figures*

If you wish to view this property before it gets snapped up or seek further information, please call us on option 1).

Measurements:
Lounge/ Student Room 1 12'1" x 9'6" (3.68m x 2.9m)
Dining Room/ Student Room 2 12'9" x 6'10" (3.89m x 2.08m)
Kitchen 12'7" x 5'6" (3.84m x 1.68m)
Ground Floor Shower Room 4'11" x 3'6" (1.5m x 1.07m)
Bedroom1/Student Room 3 13'8" x 12' (4.17m x 3.66m)
Bedroom2/Student Room 4 12'10" x 8'1" (3.9m x 2.46m)
Bedroom 3/Student Room 5 12'5" x 8'11" (3.78m x 2.72m)
2nd Floor Shower Room 7'8" x 6'9" (2.34m x 2.06m)

Accommodation & Amenities:
*3 bedroom residential home / 5 bedroom student house share
*97 Square Metres total floor area
*£1,950pcm achievable in rent
*11.9% yield at asking price
*5 minute walk to Teesside University
*Management available
*HMO licence acquired
*New mains smoke and co alarms fitted
*eicr and Gas certificate available upon request
*On Street parking
*This property is in Newport’s selective licencing area - £803<br /><br />