Terraced house for sale in Thistle Street, Middlesbrough TS1

Attention all investors, TS1 property for sale...

Ashbrookes are thrilled to share this TS1 home for sale with a two minute walk to Teesside University.

Thistle Street is a two bedroom end of terraced property with one reception room which could be made into a further bedroom for students by creating a walk through into the cupboard and blocking the kitchen door up.

The rent achievable on this would be £411 per room per month giving you a gross income of £822 based on two rooms or £1233 based on three.

At Ashbrookes we do suggest adding a utility cap into the tenancy agreements of £20 per week per room. Taking this into account along with your management fee your net income for two rooms is £7,149.60PA (9.5% yield) or £10,724.40PA (14.2% yield).

*Please note if you are getting a mortgage on this property you will have your mortgage payment to be deducted out of the above*

For further information/ viewings please call us on option1).

Measurements:

Reception Room 12'4" x 10'3" (3.76m x 3.12m)
Kitchen 12'10" x 8'11" (3.9m x 2.72m)
Bathroom 6'7" x 6'7" (2m x 2m)
Bedroom 1 12'7" x 10'3" (3.84m x 3.12m)
Bedroom 2 12'11" x 9' (3.94m x 2.74m

*EPC rating E
*Council tax band A
*59 Square Metre total floor area
*Perfect student location in TS1
*£1,271 price per sqm
*End of terraced
*2 bedroom which could be a 3 bedroom student house share<br /><br />