4 bed terraced house for sale

Gresham Road TS1

Gresham Road, Ts1 4Ll

A well-presented four-bedroom terraced property located on Gresham Road in Middlesbrough, ideally suited for investment as a fully compliant HMO. The accommodation is arranged over two floors, comprising two bedrooms on the ground floor and two on the first floor, all benefiting from private en-suite bathrooms. The property also features a communal kitchen area on the ground floor and a separate communal lounge on the first floor, providing practical shared living space. Externally, there is a private rear yard, and the property is positioned within an established residential street popular with tenants.

Gresham Road is situated close to Teesside University and within walking distance of Middlesbrough town centre, making it a highly convenient location for students and young professionals. The area benefits from a wide range of local amenities including shops, supermarkets, and transport links, with the train station nearby offering easy access to surrounding towns and cities. This central location continues to attract strong rental demand due to its accessibility and proximity to key employers and education facilities.

The property is a fully licensed HMO and located within an Article 4 area, ensuring compliance and making it a ready-made investment opportunity. With all bedrooms offering en-suite facilities, the property is well positioned to achieve strong rental income and appeal to quality tenants. The TS1 area is known for its high rental yields and consistent tenant demand, particularly from the student and professional market, making this an attractive option for investors seeking a low-maintenance, income-generating asset.

Financial Breakdown

Gross Rent: £17,792.00
Net income: £10,392.00
Gross yield: 12.71%
Net yield: 7.42%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08471