2 bed terraced house for sale

Falmouth Street, Middlesbrough TS1

Investment Opportunity | 12% Potential Yield | TS1 Location
Asking Price: £69,950
(Representing 15% Below Market Value)

Discover a high-yield investment opportunity in the heart of Middlesbrough. This unique semi-detached property, featuring a distinctive stone-clad facade, is perfectly positioned for investors looking to capitalize on the thriving local rental market.

While the property requires a full refurbishment (including the kitchen, bathroom, and roof), it offers a solid foundation with essential modern upgrades already in place.

Property Highlights

Ready Essentials: Fully double-glazed windows and a reliable Combi gas central heating system.

Compliance: Recently passed eicr (Electrical Installation Condition Report), ensuring the electrics are up to standard.

Spacious Layout: Features an impressive 20ft master bedroom, a second single bedroom, and a ground-floor bathroom.

Dual Access: Two entry points provide excellent flexibility for future configurations.

Unbeatable Location

Situated in a prime rental pocket, this property is ideally located for both students and healthcare professionals:

Teesside University: Just a 5-minute walk away.

James Cook University Hospital: Within a 20-minute walk.

Development Potential

Whether you are looking for a straightforward flip or a long-term hold, the versatile layout offers multiple exit strategies:

Professional/Family Let: High demand in this area provides an estimated 12% Yield.

Student HMO: Potential to reconfigure into 3 en-suite student rooms.

Multi-Unit: Potential to convert into 2 self-contained apartments (subject to planning).