Flat for sale in Middlesbrough TS3, 3 Bedroom

This is a fabulous investment opportunity! With a net yield of 11.62%, this end of terrace house has been converted into three self contained studio flats and has had both internal and external renovations done within the last three years. Each flat has its own entrance, is fully furnished and includes a fitted kitchen and bathroom with a shower. While there is no allocated parking available, residents may park for free on the streets surrounding this property.

17 Maltby Street is located just 7 minutes away from Middlesbrough town centre which is home to attractions such as the popular Clevelands Centre, Riverside Stadium and a Cineworld. Maltby Street is also 7 minutes away from Teeside Karting and local supermarkets. This property has great transport links via the A66 and A19 as well as being near Middlesbrough train station.

Financial Breakdown

Gross rent: £12,600
Ground rent: £0
Service charge: £0
Lettings fees: £1,560
Net income: £11,040
Gross yield: 13.26%
Net yield: 11.62%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13039