2 Bed Terraced House For Sale

CALLING ALL STUDENT INVESTORS...

Ashbrookes are thrilled to present Caxton Street to the market. This 2-bedroom, ready-to-move-into investment property has significant potential to be converted into a 4-bedroom student home with the opportunity to create 2 shower rooms. This property is perfect for students, located just a 5-minute walk from Teesside University.

Depending on the changes you choose to make within this property (2 shower rooms/4 bedrooms), the achievable rent for students would be £415 per room, per calendar month.

Your NET annual take-home (after bills and management have been deducted) would be £14,472 PA / £1,206 PCM. This provides you with a return of 18% at the asking price.

Please note that if you are purchasing with a mortgage, you will have a further payment to deduct from the above figures. At Ashbrookes, we include a CAP in the bills of £20 per week per room, which has been calculated in the NET figures.

If you wish to view this property before it gets snapped up or seek further information, please call us on (option 1)


Measurements:

Reception Room **Bed1** 10'4" x 9'1" (3.15m x 2.77m)
Dining Room **Bed2** 12'7" x 12'7" (3.84m x 3.84m)
Kitchen 9' x 7'6" (2.74m x 2.29m)
Bedroom 12'7" x 10'4" (3.84m x 3.15m)
Bedroom 12'7" x 7'4" (3.84m x 2.24m)
Bathroom 9' x 7'7" (2.74m x 2.3m)

Accommodation & Amenities:

2 bedrooms with the potential to be 4
18% NET yield
Perfect for students or a residential let
£415 per room PCM
5 minute walk to Teesside University
Town locality
Chain free