£65,000
1 bed terraced house for saleWicklow Street, Middlesbrough TS1
1 bed
1 bath
EPC Rating: D
Century Three LTD
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About this property
High Yield Refurbishment Project | Wicklow Street, TS1 | 13 Percent to 16 Percent Yield Potential
Purchase Price: £65,000
Potential Rental Income: £750 to £900 pcm
If you are looking for a high yield addition to your portfolio where you can add instant equity, this mid terrace property on Wicklow Street in Middlesbrough is an ideal choice. Offered with vacant possession and already fully cleared, this property is a blank canvas ready for an investor to step in and maximise its value.
The Value Add Strategy
This property offers fantastic versatility, allowing you to choose the rental model that best fits your portfolio goals:
Current Layout: Features 2 bedrooms upstairs and 2 spacious reception rooms on the ground floor.
Easy 3 Bed Conversion: You can easily reconfigure the layout to create a 3 bedroom property, instantly increasing both capital value and monthly rental potential.
Light Refurbishment: With an estimated refurbishment spend of around £7,000, you can bring this property up to a premium modern standard to attract long term tenants quickly.
The Financials
The investment numbers are incredibly strong, offering a rare double digit return:
Low End Rental Estimate: £750 pcm producing an annual income of £9,000.
High End Rental Estimate: £900 pcm producing an annual income of £10,800.
Exceptional Returns: Based on the purchase price, investors can comfortably expect a gross yield between 13 percent and 16 percent depending on the final exit strategy.
Strategic TS1 Location
Wicklow Street sits in a highly popular rental pocket within the TS1 postcode of Middlesbrough. This central location ensures consistent, high volume demand from local professionals, families, and students due to its close proximity to Teesside University, town centre amenities, and main transport networks.
Skip the hassle of clearing out an old property and get straight to work on day one.
High yield projects at this entry price point are snapped up fast. Contact us today to secure this property or to arrange a viewing.
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