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57 Gilkes Street, Middlesbrough TS1 5EL
Sold STC

Crescent Road, Middlesbrough, TS1 4QP

Guide Price £140,000Freehold

333
Map

Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Ideal Investment Opportunity
No Chain
Fully Tenanted, Operating and Reliable Tenants
Fully Managed With Free Handover to New Owner
Central TS1 Location
Close to Amenities, Shops and Local Transport Routes
Easy Access to Teesside University, Local Schooling and Much More
Over 11% Rental Yield
Rental Income per Annum of £15,796
Excellent Addition to A Growing Investors Portfolio

Description

Investment Opportunity - 2x2 Bedroom Flats and 1x 1 bedroom Flat in Central TS1, Middlesbrough. Flat 1: £433 paid monthly. Flat 2: £400 paid four-weekly. Flat 3: £450 paid monthly.

Total rental income per annum: £15,796 giving over an 11% yield!
Tenants are responsible for utilities and council tax.

Chain Free Sale on High Yielding Town Centre Stock.

Each flat is currently occupied and under management of Horizon Sales & Lettings, and we can continue management free of charge for ease of the new owner,

Buyer Premium Fees Applicable of £5,000 including VAT, Buyers Fees due for payment upon acceptance of an offer.

Arrange Viewing

Full Name
Email Address
Telephone
Ayresome Primary School
(0.09 miles)
Number of pupils: 757
Age Range: 2 - 11
Sacred Heart Primary School
(0.12 miles)
Number of pupils: 310
Age Range: 3 - 11
Newport Primary School
(0.44 miles)
Good
Number of pupils: 322
Age Range: 3 - 11
Archibald Primary School
(0.45 miles)
Number of pupils: 501
Age Range: 2 - 11
Linthorpe Community Primary School
(0.62 miles)
Number of pupils: 720
Age Range: 2 - 11
Macmillan Academy
(0.67 miles)
Good
Number of pupils: 1567
Age Range: 11 - 19
Abingdon Primary School
(0.74 miles)
Good
Number of pupils: 538
Age Range: 2 - 11
St Edward's Catholic Primary School
(0.77 miles)
Number of pupils: 423
Age Range: 3 - 11
Outwood Academy Riverside
(0.92 miles)
Number of pupils: 95
Age Range: 11 - 16
Green Lane Primary Academy
(1.05 miles)
Number of pupils: 701
Age Range: 3 - 11

Property Calculators

Property Value (£)
Deposit (£) 10.00%
Duration (Years)
Interest Rate (%)

Mortgage

Estimated Monthly Mortgage Payment:
£737 /mo.
25 Years, 5% Interest
Loan
£126,000
Total Repay
£220,975

Stamp Duty

You’ll have to pay the stamp duty of:
£0

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