Stowe Street, Middlesbrough, TS1 4ND
Fixed Price £75,000Freehold
212
Fixed Price £75,000
Stowe Street, Middlesbrough, TS1 4ND
2 Bedrooms1 Bathroom2 Receptions
Key Information
Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone
Key Features
No Onward Chain!
Two Reception Rooms
Perfect Investment Opportunity
4 Bed HMO Conversion Opportunity
Available Vacant Upon Completion
Tenants in Situ (Fixed term Until August 2024)
GCH & Double Glazing
HMO Income £21840 PA
Refurbishment and Management Via Horizon
Buyers Premium Fee Applicable of £5,000+VAT
Description
HMO Conversion Opportunity for sale with NO ONWARD CHAIN!
A well-presented two-bedroom terraced property situated in Middlesbrough, which is available to the market with the bonus of no onward chain! In brief the accommodation comprises: Entrance hallway, bay fronted lounge, second reception room, fitted contemporary kitchen, bathroom and two generously sized bedrooms to the first floor. External to rear of the property there is an enclosed yard.
The property can be sold with tenants in situ or vacant (tenancy term ends in August 2024).
This property is available vacant and would make a great HMO Conversion Opportunity. Post refurbishment you would be looking to achieve £21,840 PA (£1820 pcm). After mortgage and holding costs this would equate to a Profit annually of £15,284 PA (£1274pcm).
This represents a Net ROI of 62% therefore making it perfectly suited for an investor!
Buyers fees are applicable: £5,000 plus VAT.
Please note: This property can be available Vacant upon Completion and is ideal for a 4 bedroom en-suite HMO conversion. Horizon Property Services have priced the refurb if required
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Property Calculators
Property Value (£)
Deposit (£) 10.00%
Duration (Years)
Interest Rate (%)
Mortgage
Estimated Monthly Mortgage Payment:
£395 /mo.
25 Years, 5% Interest
Loan
£67,500
Total Repay
£118,379
Stamp Duty
You’ll have to pay the stamp duty of:
£0
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