4 Bed Terraced House For Sale

BACK TO THE MARKET AND READY FOR VIEWINGS:

INVESTMENT OPPORTUNITY IN TS1: 2-BEDROOM PROPERTY CONVERTED INTO A 4-BEDROOM STUDENT HOUSE

Introducing Percy Street, an enticing investment property in TS1. Originally a 2-bedroom residence, this property has been converted into a 4-bedroom space, ideal for student accommodation.

Situated in a prime location with a 5-minute walk to Teesside University, the current achieved rent is £950 excluding bills with a contract up to September 2024.

The property has been rented as a whole house rather than on a room-by-room basis, although this is will be possible for the next September intake.

Your NET annual take-home, after deducting management costs, would be £10,800 p.a. This results in an impressive 11.4% return on investment at the asking price.

If you are considering renting to students for the next intake, we would suggest renting the rooms for £390pcm per room giving you a return of 13.4% after bills and management costs have been deducted.

Please note that if you opt for a mortgage, there will be additional costs to consider. At Ashbrooke’s, we include a CAP in the bills at £20 per week per room, a detail already incorporated into the NET figures.

To arrange a viewing or gather more information before this property gets taken, kindly contact us at (option 1).

*Please note this is a 2 bedroom for sale but the current vendor has utilised it as a 4 bedroom for rent*


DISCLAIMER:
All information provided by Ashbrookes is deemed reliable and is taken in good faith from the vendor. However, it is not guaranteed and should be independently verified. Prospective buyers are strongly advised to carry out their own due diligence through their solicitors to confirm the accuracy of the information provided and to obtain an independent survey.

Intending purchasers will be required to produce identification documentation at a later stage, and we kindly ask for your cooperation to ensure there is no delay in agreeing to the sale. Please note that we have not tested the services or any of the equipment or appliances in this property. Therefore, we strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase.